Question

The high literacy rate in Kerala has a direct link to financial empowerment because it enabled the populace to:

• A. Find jobs only in the government sector
• B. Understand and utilize complex financial products and schemes
• C. Secure higher-paying jobs abroad
• D. All of the above

Answer 1

Answer:

D. All of the above

• A literate population can not only understand banking and insurance but also participate in global economies, particularly through migration.

• This led to a significant inflow of remittances, which is a key pillar of Kerala's economy.