Read the passage below carefully and answer the question that follows. While the expansion… — JAMB UTME

Read the passage below carefully and answer the question that follows.

While the expansion of financial technology (fintech) platforms across Sub-Saharan Africa is frequently celebrated for democratizing banking access, its ultimate success in fostering long-term economic mobility hinges on robust digital literacy frameworks. Mobile money operators and micro-lending mobile applications have undeniably expanded micro-credit access to rural populations previously excluded from traditional banking systems. However, empirical studies reveal that without widespread consumer education regarding exorbitant interest rates, hidden service charges, and credit scoring algorithms, unbanked populations often fall into debt traps rather than achieving capital accumulation. Furthermore, predatory digital lending practices frequently siphon household savings away from productive investments into short-term debt servicing. Therefore, while financial access via digital channels serves as an essential preliminary infrastructure, financial literacy remains the primary catalyst required to translate digital inclusion into actual poverty alleviation.

Which of the following statements best expresses the main idea of the passage?

A
Mobile money operators and micro-lending applications have successfully expanded micro-credit access to rural populations previously excluded from traditional banking.
Financial inclusion through digital platforms cannot achieve genuine poverty alleviation unless accompanied by robust consumer financial literacy.Cevap
C
Traditional banking institutions are inherently superior to modern fintech services in protecting low-income consumers from predatory debt traps.
D
Digital lending platforms should be prohibited because credit scoring algorithms inevitably lead unbanked populations into severe financial hardship.

Cevap

Financial inclusion through digital platforms cannot achieve genuine poverty alleviation unless accompanied by robust consumer financial literacy.

The correct answer accurately synthesizes the passage's central thesis, which is explicitly framed in the final sentence: while digital platforms provide essential infrastructure, financial literacy is the indispensable catalyst required to convert access into actual poverty reduction.

Adım Adım Çözüm

Analyze the structural organization of the passage.

The text begins by acknowledging fintech expansion, presents the problem of debt traps arising from lack of consumer awareness, and concludes with a definitive thesis statement in the final sentence.

Identifying paragraph progression helps distinguish introductory context from the primary argument.

Differentiate between central thesis statements and supporting facts.

The mention of mobile money expanding rural credit is a supporting fact demonstrating access, whereas the thesis asserts that literacy is the essential catalyst for economic alleviation.

Supporting details provide evidence or context, while the main idea encapsulates the overarching takeaway of the author.

Select the option that encapsulates the full argument without introducing false inferences or isolated details.

The option stating that digital financial inclusion requires financial literacy to achieve poverty alleviation accurately reflects the author's main point.

This option aligns directly with the concluding synthesis of the passage.

Anahtar Kavram

Distinguishing the Central Thesis from Supporting Evidence in Expository Texts

Soru

Cevap

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Anahtar Kavram

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