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Microfinance in Bangladesh
Contributed by: Freeman
  • 1. What is microfinance?
A) Investing in large corporations.
B) Financial services for low-income individuals or those who lack access to traditional banking services.
C) Providing loans only to the wealthy.
D) Credit cards for high-income individuals.
  • 2. Who is considered the pioneer of microfinance in Bangladesh?
A) Muhammad Yunus
B) Sheikh Hasina
C) Rohingya refugees
D) Aung San Suu Kyi
  • 3. Which organization did Muhammad Yunus found to provide microcredit in Bangladesh?
A) Barclays Bank
B) HSBC Bank
C) World Bank
D) Grameen Bank
  • 4. What is the primary goal of microfinance in Bangladesh?
A) Economic instability
B) Profit maximization
C) Wealth accumulation
D) Poverty alleviation
  • 5. How does microfinance help empower women in Bangladesh?
A) By restricting their financial freedom.
B) By enforcing traditional gender roles.
C) By discouraging education for women.
D) By providing them with access to financial resources and opportunities for economic independence.
  • 6. What is the importance of social collateral in microfinance lending?
A) It relies on social networks and group support to ensure loan repayment.
B) It is not a factor in microfinance lending decisions.
C) It is solely based on the borrower's credit history.
D) It requires physical assets as security for loans.
  • 7. How has technology been utilized in microfinance in Bangladesh?
A) Technology has not been integrated into microfinance practices.
B) Mobile banking and digital payments have expanded access to financial services.
C) Technology is only used for luxury banking services.
D) Technology has led to the closure of all microfinance institutions.
  • 8. How does microfinance contribute to economic development in Bangladesh?
A) By focusing solely on large-scale investments.
B) By restricting access to capital and stifling innovation.
C) By providing financial services to the poor and promoting entrepreneurship.
D) By promoting dependency on external aid.
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