Question

    Which one of the following is NOT a basic principle of Micro Finance Institutions in India?

    A Lack of physical collateral Correct Answer Incorrect Answer
    B Peer monitoring Correct Answer Incorrect Answer
    C Focus on women borrowers Correct Answer Incorrect Answer
    D Large amounts of loan Correct Answer Incorrect Answer

    Solution

    A large amount of loan is not a basic principle of micro-financial institutions in India. The functions of Microfinance institutions are: Maintain macroeconomic stability.

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