Micro Finance Mock Test
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Microfinance, also called microcredit, is a type of banking service provided to unemployed or low-income individuals or groups who otherwise would have no other access to financial services. Have a Micro Finance Exam coming up? Don't worry, take this Micro Finance Pre Test and prepare well.
- 1.Rotating savings and unions credit associations transform into Accumulating Savings and Credit Associations when one of the following is done among others:
- A.
Members can borrow from an accumulated fund outside contributions
- B.
Some money is saved in a lock box or in some other more secure manner
- C.
At the end of the cycle, members can choose to start a new round or to disband
- D.
a pre-determined amount of money brought to weekly meetings is collected and passed to a different member each week on a rotating basis
- 2.According to the Stakeholder concept, a microfinance employee would be ……in a typical microfinance sector
- A.
a primary stakeholder
- B.
a secondary stakeholder
- C.
a solid stakeholder
- D.
a client stakeholder
- 3.Which one of these will be categorized as a semi-formal microfinance institution?
- A.
Building society
- B.
Rotating savings and unions credit association
- C.
Rural bank
- D.
Village bank
- 4.Which one of these will be categorized as an informal microfinance institution?
- A.
Building Society
- B.
Rotating savings and unions credit association
- C.
Rural bank
- D.
Village bank
- 5.The following are all development objectives of MFIs except:
- A.
Adverse selection
- B.
Employment creation
- C.
Empower of women or other disadvantaged population groups
- D.
poverty reduction
- 6.….………………… methodologies help in creating social collateral (peer pressure) that can effectively substitute physical collateral in the MFI sector
- A.
Formal
- B.
Group
- C.
Individual
- D.
Informal
- 7.A client would be classified as a(an) ………… and stakeholder
- A.
External, primary
- B.
External, secondary
- C.
Internal, primary
- D.
Internal, secondary
- 8.The government would be classified as a(an) ………… and stakeholder.
- A.
External, primary
- B.
External, secondary
- C.
Internal, primary
- D.
internal, secondary
- 9.Which of the following best defines microfinance?
- A.
The provision of financial loans to the rural folks
- B.
The provision of financial services to the low income, the poor, and the unbanked population
- C.
The provision of small loans to micro, small, and medium enterprises
- D.
The provision of small savings to the poor.
- 10.Which of the following is NOT a benefit of regulation of Microfinance in a country?
- A.
Financial soundness
- B.
Protect the clients interest
- C.
Reinforcing public trust
- D.
Revising the cost of capital upwards
- 11.Which of the microfinance regulation is a major constraint to existing and new entrants in the industry?
- A.
Minimum capital requirement
- B.
Provision of business plan
- C.
Reserve requirement
- D.
Restriction to expansion
- 12.Strategic Decision making based on stakeholder theory results in a process characterized by three main features: These include each of the following except:
- A.
Rationality
- B.
Intuition
- C.
Political behaviour
- D.
Information
Questions: 20 | Attempts: 10460 | Last updated: Sep 2, 2020
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