7.4 Women and Economic Development

According to the Global Gender Gap Index, what are the four benchmarks used to determine a country's ranking?

• Economic participation, educational attainment, health and survival, and political empowerment

• Economic participation, technological advancement, health and safety, and cultural diversity empowerment

• Economic participation, educational attainment, environmental sustainability, and political empowerment

• Economic participation, educational attainment, healthcare accessibility, and cultural diversity empowerment

Which regions tend to have more opportunities for women and a narrower gender gap?

• Economically advanced regions

• Less economically advanced regions

• Regions with high political empowerment

• Regions with high educational attainment

What percentage of women in South Asia are in informal employment?

• 80%

• 54%

• 74%

• 68.1%

What is one disadvantage of working in the informal economy?

• Lack of legal protection and government oversight

• Higher wages compared to formal employment

• Access to health insurance and paid sick leave

• More opportunities for career advancement

According to the World Bank, how many people in the world did not have a bank account in 2021?

• 1.4 billion

• 2.5 billion

• 1.7 billion

• 132 years

Who are the majority of people being excluded from the formal financial sector?

• Women, poor adults, and less educated adults

• Men, wealthy adults, and highly educated adults

• Children, elderly adults, and disabled individuals

• Government officials, CEOs, and entrepreneurs

What is one benefit of having a bank account?

• Access to credit and financial institutions

• Limited options for business expansion

• Higher risk of financial emergencies

• Inability to store money securely

What are micro loans and microfinancing used for?

• Supporting individuals excluded from traditional financial services

• Funding large-scale infrastructure projects

• Providing loans to wealthy individuals

• Supporting government initiatives

What is one potential risk associated with micro loans?

• Becoming further in debt if unable to repay the loan

• Limited access to financial institutions

• Decreased income generation for individuals

• Lack of support for small businesses

How can micro loans and microfinancing impact low-income individuals?

• They can help generate income and escape poverty

• They can increase reliance on debt and financial emergencies

• They have no significant impact on financial independence

• They can only benefit women, not men