What is the primary role of microfinance schemes in developing economies?
The Role of Microfinance Schemes in Developing and Emerging Economies

Interactive Video
•
Quizizz Content
•
Business
•
11th Grade - University
•
Hard
Read more
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To regulate unofficial financial markets
To provide large-scale infrastructure funding
To increase government tax revenue
To offer small loans to individuals and small businesses
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do individuals in developing economies often rely on unofficial financial markets?
Because they offer lower interest rates
Due to lack of access to official credit markets
Because they are more trustworthy
Due to government incentives
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do microfinance schemes help individuals in developing economies?
By providing free financial education
By offering small loans with sustainable repayment terms
By providing large business loans
By eliminating the need for any loans
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one significant impact of microfinance schemes on women in developing economies?
They increase dependency on male family members
They provide opportunities for women to start businesses
They reduce women's participation in the workforce
They limit women's access to education
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do microfinance schemes benefit governments in developing economies?
By decreasing the population growth rate
By eliminating the need for public infrastructure projects
By reducing the need for foreign aid
By increasing tax revenues through higher economic activity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a key feature of the Grameen Bank's microfinance model?
Loans required significant collateral
Loans had high interest rates
Loans did not require collateral
Loans were only available to large businesses
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the repayment rate achieved by the Grameen Bank's microfinance scheme?
99.7%
95%
90%
85%
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What problem did Mohammed Yunus aim to address with the Grameen Bank?
Lack of access to technology
Lack of access to healthcare
Lack of access to credit markets
Lack of access to education
9.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the Grameen Bank minimize the risk of loan defaults?
By offering loans only to government employees
By pooling funds and lending to groups
By charging high interest rates
By requiring high collateral
10.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What economic model can be used to explain the success of microfinance schemes like the Grameen Bank?
Keynesian Model
Harrod-Domar Model
Solow Growth Model
Ricardian Model
Explore all questions with a free account
Similar Resources on Quizizz
11 questions
Financial Infrastructure Development in Uganda

Interactive video
•
10th - 12th Grade
6 questions
Andrea Jung on the Importance of Saving $5 a Week

Interactive video
•
University
11 questions
Interventionist Strategies for Economic Development

Interactive video
•
11th Grade - University
5 questions
Interventionist Strategies for Economic Development

Interactive video
•
11th Grade - University
8 questions
TED: Inventing is the easy part. Marketing takes work | Daniel Schnitzer

Interactive video
•
11th Grade - University
11 questions
Understanding Charitable Work and Economic Development in Africa

Interactive video
•
10th Grade - University
8 questions
Net Banking and Banks and Money leaders and Micro Finance

Interactive video
•
10th Grade - University
5 questions
The Role of the Financial Sector in Developing Economies: Challenges and Interventions

Interactive video
•
11th Grade - University
Popular Resources on Quizizz
17 questions
CAASPP Math Practice 3rd

Quiz
•
3rd Grade
20 questions
math review

Quiz
•
4th Grade
21 questions
6th Grade Math CAASPP Practice

Quiz
•
6th Grade
13 questions
Cinco de mayo

Interactive video
•
6th - 8th Grade
20 questions
Reading Comprehension

Quiz
•
5th Grade
20 questions
Types of Credit

Quiz
•
9th - 12th Grade
10 questions
4th Grade Math CAASPP (part 1)

Quiz
•
4th Grade
45 questions
5th Grade CAASPP Math Review

Quiz
•
5th Grade
Discover more resources for Business
17 questions
BizInnovator Startup - Know Your Customer

Quiz
•
9th - 12th Grade
16 questions
BizInnovator Startup - Crunching the Numbers

Quiz
•
9th - 12th Grade
47 questions
Unit 6 (Insurance, Identity Theft, Scams, Consumer Protection)

Quiz
•
12th Grade
10 questions
BizInnovator Startup - Firm Up Your Value Proposition

Quiz
•
9th - 12th Grade
20 questions
Marketing Logos & Slogans

Quiz
•
9th - 12th Grade
48 questions
Company Logos - Difficult

Quiz
•
11th Grade