34 - Micro-Credit and Micro-Finance

Banking Awareness Multiple Choice Questions (MCQs) and Answers with explanation on Micro-Credit and Micro-Finance for IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Bank

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:
What is NOT an innovation likely to explain the high repayment rates of microcreditprograms?
What is NOT a source of difficulty in the estimation of the impact of microfinance projects?
What is NOT a mechanism that contributes to the success of micro-credits?
What does the microfinance model NOT predict?
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