What Do You Know About Microfinance?
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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.
- 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
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