Which statements define educational finance at the micro and macro levels?

(A) Macro finance is framed for the needs used of an individual, small industries and small business units.

(B) Macro finance includes drafting policy, subsidies, multiyear expansion plans.

(C) The main aim of micro finance is to help economy grow and to generate employment.

(D) Macro finance has direct effect on whole economy and indirect effect on the whole population.

(E) Micro finance is an endless activity.

Choose the correct answer from the options given below:

The correct answer is - (B), (C) and (D) Only

Key Points

• Macro finance
  • Involves drafting policy, providing subsidies, and planning multiyear expansion plans which affect the broader economy. (Statement B)
  • Has a direct effect on the whole economy and an indirect effect on the general population. (Statement D)
• Micro finance
  • Aims to help the economy grow and to generate employment. (Statement C)

Additional Information

• Macro finance
  • Includes nationwide financial strategies and policy implementations that impact the country's overall economic framework.
  • Examples: Federal budget, fiscal policies, and large-scale infrastructure projects.
• Micro finance
  • Targets individuals, small businesses, and local economies by providing access to financial services like loans, savings, and insurance.
  • Helps in poverty alleviation and economic development at the grassroots level.