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

Under the RBI rules for MFIs, a rural microfinance borrower is identified by annual household income not exceeding __?
As per the latest RBI rules, what is the debt-income ratio cap for microfinance institutions (MFIs)?
In which year, the SHG-Bank Linkage Programme (SHG-BLP) was started for the first time to improve micro-finance sector in India?
What is NOT a mechanism that contributes to the success of micro-credits?
Which of the following statements about micro-finance conform to the RBI regulations?
  1. Micro-finance loans are given without collateral
  2. There is no pre-payment penalty in Microfinance loans
Select the correct answer from the codes given below: