Micro Credit and Micro Finance

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41. Which of the following is a key principle of micro-finance?

a) Social impact

b) Sustainability

c) Non-discrimination

d) All of the above

Answer: d) All of the above
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42. What is the role of micro-credit in disaster recovery efforts?

a) To provide financial assistance to affected communities

b) To support the reconstruction of infrastructure

c) To stimulate economic activity in disaster-stricken areas

d) All of the above

Answer: d) All of the above
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43. What is the primary objective of micro-finance institutions?

a) Profit maximization

b) Social impact

c) Poverty reduction

d) Financial stability

Answer: c) Poverty reduction
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44. Which of the following is an example of a successful micro-finance program?

a) Kiva

b) Accion

c) BRAC

d) All of the above

Answer: d) All of the above
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45. How does micro-credit help in fostering economic development?

a) By providing capital for small businesses

b) By reducing income inequality

c) By promoting entrepreneurship and job creation

d) All of the above

Answer: d) All of the above
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