1. Loans to poor people by banks have many limitations including lack of security and high operating cost. So to help them which type of finance system developed ?
(a) Ponzi schemes
(b) Micro Finance System
(c) Money Laundering Schemes
(d) Money tampering finance

2. The following statements are related to Micro Finance System. Locate the wrong option ?
(a) It provides micro credit having scope for small savings and remittance of funds
(b) It based on the principle of livelihood creation
(c) The livelihood mission means engaging in activities in a routine fashion to generate cash or non-cash income
(d) None


 3. Who introduced the concept of Micro Finance in Bangladesh in the form of the "Grameen Bank"? He is the Nobel laureate known by many as the "father of micro finance systems".
(a) C. D. Deshmukh
(b) Amartya Sen
(c) Muhammad Yunus
(d) Sheik Haseena

4. The beneficiaries of Micro finance business are _____________
(a) Land Less labour
(b) Marginal farmers
(c) Vendors in the small markets
(d) All the above

5. The Micro Finance Institutions (MFI) differ from one another in terms of 
(a) Product offering
(b) Loan repayment Structure
(c) Product offerings
(d) All of these

6. One of the delivery channel for Micro Finance is SHG model. SHG means ?
(a) Soar Help Group
(b) Sake Help Group
(c) Self Hope Group
(d) Self Help Group

7. Indian Micro Finance Institutes (MFI) usually adopt the group-based lending models, which are of two types. SHG model and JLG model. SHG means Self Help Group and JLG means ?
(a) Joint Liability Game
(b) Josh Liability Group
(c) Joint Loan Group
(d) Joint Liability Group

8. To control high rate interest rates, coercive collections and illegal insurance practices by the Micro Finance Institutes, Andhra Pradesh Government passed Andhra Pradesh Microfinance Institutions (Regulations of Money Lending) Act in  ?
(a) 2014
(b) 2013
(c) 2005
(d) 2011

9. In the Not-For-Profit Micro Finance Institutes, which among the following are included ?
(a) Societies
(b) Public Trusts
(c) Non-Profit Companies
(d) All of these

10. Co-operatives registered under state or National Acts and MACs come under Mutual benefit MFIs. MACS means ?
(a) Moral-Aided Co-Operative Societies
(b) Mint-Aided Co-Operative Societies
(c) Mutually-Aided Co-Operative Societies
(d) Mutually-Aided Co-Operative Societies

11. Non-banking  financial companies, producer companies and LAB come under the category of For-Profit-MFIs. LAB means ?
(a) Loan Area Banks
(b) Legal Area Banks
(c) Local Axis Banks
(d) Local Area Banks

12. SKS Micro-finance Ltd, the only listed micro lender in the country founded by ___________
(a) Sudipa Sen
(b) M. B. N. Rao
(c) Kunal Ghosh
(d) Vikram Akula

13. Who launched an 'India Micro-finance Platform', a portal on micro-finance activities across the country, with the assistance of World bank funds on 28th June 2013 ?
(a) SBI
(b) ICICI
(c) SIDBI
(d) Exim Bank

14. SIDBI related statements are given. Pick the wrong statement.
(a) SIDBI means Small Industries Development Bank of India
(b) It was established on 2nd April 1990
(c) It is the principal financial institution for the promotion, financing and development of industry in the small scale sector
(d) Its head office is in Nagpur

15. Which committee has recommended creation of a separate category of NBFCs operating in the microfinance sector to be designated as NBFC-MFIs (Non-Banking Finance Company - Micro Finance Institutes) ?
(a) C. Ranga Rajan
(b) Chandra Sekhar
(c) Y. H. Malegam
(d) Tarapore