
Microfinance Quiz
Authored by Aman M
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of microfinance?
To provide large loans to wealthy individuals
To offer financial services to individuals and small businesses lacking access to conventional banking
To eliminate all forms of debt
To support only large corporations
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a service typically included in microfinance?
Corporate financing
Microinsurance
Microcredit
Microleasing
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common criticism of microcredit?
It is only available in urban areas
It has no impact on poverty
It is too accessible for everyone
It can lead to increased indebtedness among borrowers
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which model is often used in microfinance to provide loans?
Individual-based model
Government-funded model
Corporate-based model
Group-based model
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main challenges faced by microfinance institutions?
Low demand for microloans
Excessive government funding
High transaction costs relative to loan size
High interest rates on savings accounts
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