What Do You Know About Microfinance?

10 Questions | Total Attempts: 425

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What Do You Know About Microfinance?

Microfinance is the provision of small loans for the poor firms or organizations which are having problems with bank operations. This is a broad category of service that is meant for the provision of credit services to poor customers. A lot of studies have made possible effort in assessing its impact.


Questions and Answers
  • 1. 
    Which area is the microfinance system mostly practiced?
    • A. 

      Under-populated

    • B. 

      Over-populated

    • C. 

      Rural

    • D. 

      Urban

  • 2. 
    Which of these is about provision of credit services to poor clients?
    • A. 

      Macrocredit

    • B. 

      Microcredit

    • C. 

      Minecraft

    • D. 

      Modecraft

  • 3. 
    Which of these is done before the revolution of microfinance?
    • A. 

      Trading

    • B. 

      Trade by barter

    • C. 

      Labor

    • D. 

      Work

  • 4. 
    What is the main aim of microfinance?
    • A. 

      Economic Stability

    • B. 

      Economic Development

    • C. 

      Poverty Reduction

    • D. 

      Economic Growth

  • 5. 
    What is the process of allowing citizens from lower socio-economical classes to participate in the economy?
    • A. 

      Income Inequality

    • B. 

      Income Equality

    • C. 

      Economic Equality

    • D. 

      Economic Inequality

  • 6. 
    Which of these is awarded by microfinance?
    • A. 

      Car loan

    • B. 

      House loan

    • C. 

      Business loan

    • D. 

      Travel loan

  • 7. 
    Which of these does not favor microfinance growth? 
    • A. 

      Change in social welfare policies

    • B. 

      Encouragement of Employment

    • C. 

      Increase in proportion of immigrants

    • D. 

      Theft

  • 8. 
    Which of these help in supporting microfinance?
    • A. 

      Robbery

    • B. 

      Subsidies donor

    • C. 

      Theft

    • D. 

      Cyber fraud

  • 9. 
    Which of these means building permanent local institution?
    • A. 

      Economy

    • B. 

      Microfinance

    • C. 

      Development

    • D. 

      Finance

  • 10. 
    Which category of people is not  microfinance set up for?
    • A. 

      Government

    • B. 

      Poor

    • C. 

      Low-income earners

    • D. 

      Self-employed