Directions: Select the most appropriate phrase to replace the underlined phrase in the given sentence to make it grammatically correct. Select 'No correction required' as the answer, if the sentence is correct as it is.
Although microfinance initiatives are a very recent phenomenon in India, these have significantly impact on millions of households across the country.
[SYNDICATE BANK(PO), 2010]
Explanation
The underlined phrase " have significantly impact " must be replaced with option B "have had a significant impact" to make it grammatically correct.
Corrected sentence: Although microfinance initiatives are a very recent phenomenon in India, these have had a significant impact on millions of households across the country.
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