Question

Winner of Nobel Peace Prize in 2006 Mr. Muhammad Yunus, established which bank?

A Bangladesh Bank Correct Answer Incorrect Answer
B Bangladesh Grameen Bank Correct Answer Incorrect Answer
C Bank for the Poor Correct Answer Incorrect Answer
D Grameen Bank Correct Answer Incorrect Answer
E Nepal Bangladesh Bank Correct Answer Incorrect Answer

Solution

The Grameen Bank is a Nobel Peace Prize-winning microfinance organisation and community development bank founded in Bangladesh. Grameen Bank originated in 1976, in the work of Professor Muhammad Yunus at University of Chittagong. It makes small loans (known as microcredit or "grameencredit") to the impoverished without requiring collateral.

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