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