34 - Micro-Credit and Micro-Finance

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1).
Which of the following statements is/ are correct?

(i) At present Micro Finance Institutions (MFls) obtain finance from banks according to RBI guidelines.
(ii) MFIs provide small scale credit to low income households and small informal businesses. Select the correct option from the codes given below:
2).
What is NOT an innovation likely to explain the high repayment rates of microcreditprograms?
3).
What is NOT a source of difficulty in the estimation of the impact of microfinance projects?
4).
What is NOT a mechanism that contributes to the success of micro-credits?
5).
What does the microfinance model NOT predict?
6).
Micro credit or micro finance is a novel approach to bank with the poor. In this approach bank credit is extended to the poor through which of the follwing?
7).
Which of the following microfinance institution is Universal Bank?
8).
Which of the following are loans of very small amounts given to low income groups or poor household?
9).
Loans to poor people by banks have many limitations including lack of security and high operating cost. So to help them which type of finance system developed?
10).
Which of the following statements related to Micro Finance System is wrong?
1. Which of the following statements is/ are correct?

(i) At present Micro Finance Institutions (MFls) obtain finance from banks according to RBI guidelines.
(ii) MFIs provide small scale credit to low income households and small informal businesses. Select the correct option from the codes given below:

[A] Only (i)
[B] Only (ii)
[C] Both (i) and (ii)
[D] Neither (i) nor (ii)
2. What is NOT an innovation likely to explain the high repayment rates of microcreditprograms?
[A] Promising larger and larger loans for borrowers in good standing
[B] Public repayments
[C] Strong competition between numerous microcredit programs to reduce interest rate
[D] Starting repayments before investments are likely to have borne fruit
3. What is NOT a source of difficulty in the estimation of the impact of microfinance projects?
[A] We do not observe what would have happened in absence of the microfinance project
[B] Participants systematically differ from non participants in their propensity to benefit frommicro-loans
[C] Microfinance programs are not located randomly, they are often located in disfavoredareas
[D] Microfinance programs are often targeted to women
4. What is NOT a mechanism that contributes to the success of micro-credits?
[A] collaterals
[B] dynamic incentives
[C] peer monitoring
[D] regular repayment schedules
5. What does the microfinance model NOT predict?
[A] a decrease in interest rates when repayment is regular and in time
[B] homogenous risk groups
[C] self-selection of the best borrowers
[D] none of the above
6. Micro credit or micro finance is a novel approach to bank with the poor. In this approach bank credit is extended to the poor through which of the follwing?
[A] Self Help Groups
[B] Anganwadees
[C] Co-operative Credit Societies
[D] RBI
7. Which of the following microfinance institution is Universal Bank?
[A] SKS Microfinance Private Ltd
[B] Disha Microfinance Private Ltd
[C] Arohan Financial Services Private Ltd
[D] Bandhan Financial Services Private Ltd
8. Which of the following are loans of very small amounts given to low income groups or poor household?
[A] Simple credit
[B] Rural credit
[C] Micro credit
[D] No Frills Loan
9. Loans to poor people by banks have many limitations including lack of security and high operating cost. So to help them which type of finance system developed?
[A] Ponzi schemes
[B] Micro Finance System
[C] Money Laundering Schemes
[D] Money tampering finance
10. Which of the following statements related to Micro Finance System is wrong?
[A] It provides micro credit having scope for small savings and remittance of funds
[B] It based on the principle of livelihood creation
[C] High volumes of low transactions done through this system
[D] None is wrong
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