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QUIZ 1 (FINALS) MICRO

Total questions: 10

Worksheet time: 10mins

Name
Class
Date
1.

Provide some of the information creditors and lenders use to help them make important lending decisions

a)

Credit bureaus

b)

Refinance facility

c)

Lending institutions

d)

Bank

2.

Without a credit bureau, adverse selection takes hold because lenders cannot discern borrowers' risk types, so they charge higher interest rates to all

a)

True

b)

False

3.

This brings together microfinance practitioners, advocates, educational institutions, donor agencies, international financial institutions, non-governmental organizations and others involved with microfinance to promote best practices in the field, to stimulate the interchanging of knowledge and to work towards reaching our goals

a)

Micro Campaign

b)

Microcredit Summit Campaign

c)

Microcredit Summit Association

d)

Microcredit Summit

4.

A state wherein there is effective access to a wide range of financial products and services by all.

a)

Financial stability

b)

Financial literacy

c)

Financial inclusion

d)

Financial institutions

5.

Aims to optimize collective efforts toward financial inclusion in the Philippines

a)

National council

b)

National credit

c)

National debt relief

d)

National strategy

6.

PDP stands for;

a)

Philippine Development Plan

b)

Philippine Development Projects

c)

Philippine Developing Plan

d)

Project Development Plan

7.

A national network of microfinance practitioners and allied service institutions in the Philippines

a)

NCPI

b)

MCPI

c)

NKTI

d)

DCPI

8.

One of the founder of Microcredit Summit Campaign

a)

Ted Haresco

b)

Howard Dee

c)

Kamrul Tarafder

d)

Muhammad Yunus

9.

A bank wide seminar was open to all employees of the BSP to increase the general appreciation and knowledge of microfinance.

a)

Microfinance Appreciation for Supervisors of Examination Divisions

b)

Special Training on Computer Assisted Examination Techniques for Microfinance

c)

Exposure Trip of the Microfinance Committee to the three types of Microfinance Institutions

d)

BSP-wide Microfinance Appreciation Course

10.

The BSP remains committed to increasing the skills, capacity, understanding and appreciation of the Bangko Sentral and the banking sector insofar as microfinance is concerned.

a)

True

b)

False