63 - NBFC-MFIs

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

With reference to the Micro Finance Institutions, which of the following statements is correct?
Which of the following microfinance institution is Universal Bank?
Which of the following are the loans of very small amounts given to low income groups or poor household?
Under the guidelines issued on 2 Dec 2011, an NBFC-MFI should have minimum net owned funds of how much amount?
As per the guidelines issued by RBI, all NBFC-MFIs should maintain an aggregate margin cap of not more than how much percent?