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Microfinance in Bangladesh
Contributed by: Freeman
  • 1. What is microfinance?
A) Providing loans only to the wealthy.
B) Financial services for low-income individuals or those who lack access to traditional banking services.
C) Credit cards for high-income individuals.
D) Investing in large corporations.
  • 2. Who is considered the pioneer of microfinance in Bangladesh?
A) Rohingya refugees
B) Aung San Suu Kyi
C) Muhammad Yunus
D) Sheikh Hasina
  • 3. Which organization did Muhammad Yunus found to provide microcredit in Bangladesh?
A) World Bank
B) Grameen Bank
C) Barclays Bank
D) HSBC Bank
  • 4. What is the importance of social collateral in microfinance lending?
A) It is not a factor in microfinance lending decisions.
B) It relies on social networks and group support to ensure loan repayment.
C) It is solely based on the borrower's credit history.
D) It requires physical assets as security for loans.
  • 5. How has technology been utilized in microfinance in Bangladesh?
A) Technology has not been integrated into microfinance practices.
B) Mobile banking and digital payments have expanded access to financial services.
C) Technology is only used for luxury banking services.
D) Technology has led to the closure of all microfinance institutions.
  • 6. What is the primary goal of microfinance in Bangladesh?
A) Economic instability
B) Wealth accumulation
C) Poverty alleviation
D) Profit maximization
  • 7. How does microfinance help empower women in Bangladesh?
A) By restricting their financial freedom.
B) By providing them with access to financial resources and opportunities for economic independence.
C) By discouraging education for women.
D) By enforcing traditional gender roles.
  • 8. How does microfinance contribute to economic development in Bangladesh?
A) By providing financial services to the poor and promoting entrepreneurship.
B) By restricting access to capital and stifling innovation.
C) By promoting dependency on external aid.
D) By focusing solely on large-scale investments.
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