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      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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