Question

    Which of the following is NOT true about microfinance?

    i. These loans are unsecured loans of Upto Rs. 1 lakh mostly given following group lending methodology.

    ii.Only NBFC MFIs are allowed to give microfinance loans

    iii. RBI regulates the microfinance sector

    A Only i Correct Answer Incorrect Answer
    B Only ii Correct Answer Incorrect Answer
    C Only i & ii Correct Answer Incorrect Answer
    D Only iii Correct Answer Incorrect Answer
    E All of the above statements are correct Correct Answer Incorrect Answer

    Solution

    Other than NBFC-MFIs, banks, NBFCs, and NGOs also provide microfinance loans.

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