63 – NBFC-MFIs

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With reference to the Micro Finance Institutions, which of the following statements is correct?

At present, MFl obtain finance from banks according to RBI guidelines

MFIs provide small scale credit to low income households and small informal businesses

Both 1 and 2

Neither 1 nor 2

Which of the following microfinance institution is Universal Bank?

Bandhan Financial Services Private Ltd

Arohan Financial Services Private Ltd

Disha Microfinance Private Ltd

SKS Microfinance Private Ltd

Which of the following are the loans of very small amounts given to low income groups or poor household?

Cash credit

Micro credit

Simple credit

Rural credit

Under the guidelines issued on 2 Dec 2011, an NBFC-MFI should have minimum net owned funds of how much amount?

Rs. 3 crore

Rs. 4 crore

Rs. 5 crore

Rs. 6 crore

As per the guidelines issued by RBI, all NBFC-MFIs should maintain an aggregate margin cap of not more than how much percent?

8 per cent

9 per cent

10 per cent

12 per cent

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