Question
Which of the following is NOT true about microfinance?
Which of the following is NOT true about microfinance?
i. Using SHG/JLG model loans of small amount of less than one lakh rupees are provided for income generating activities
ii. These loans are mostly unsecured loans based on the guarantee of other group members
iii. There is no cap on the interest rates an interest goes upto 35-40% per annum
More Economy and Banking and Finance Static Concepts Questions
- Which of these banks has recently launched the fourth edition of 'Evolve' in Coimbatore,Tamil Nadu?
- Which electronic funds transfer system in India is available 24/7 throughout the year, including on holidays also?
- Who gets the status of Public Sector Banks of India?
- Last six characters in IFSC code denotes
- Which of the following financial year is followed by the Reserve Bank of India (RBI) ?
- What is a stale cheque?
- SBI Life is a joint venture of
- At the specified branches of which bank will the Electoral Bonds be issued
- ____________ is the distribution of payment into multiple cash flow instalments.
- India’s first regional rural bank is ___________
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)