#1
What is the main goal of microfinance?
Profit maximization
Poverty alleviation
Market expansion
Wealth accumulation
#2
What is the term for providing financial services to those in the low-income segment who lack access to traditional banking services?
Macrofinance
Nano-finance
Microfinance
Mega-finance
#3
What is the primary focus of microfinance institutions when providing financial services to the poor?
Maximizing profits
Social impact and poverty alleviation
Expanding market share
Investing in high-risk ventures
#4
Which country is often cited as a successful example of microfinance-led poverty reduction?
India
Brazil
Bangladesh
Nigeria
#5
Which United Nations Sustainable Development Goal (SDG) is related to microfinance and poverty alleviation?
SDG 1: No Poverty
SDG 4: Quality Education
SDG 8: Decent Work and Economic Growth
SDG 17: Partnerships for the Goals
#6
What is the term for the process of offering financial services to individuals or businesses in low-income and rural areas?
Microenterprise Finance
Microfinance
Microeconomic Stimulation
Microcapitalism
#7
Which of the following is a common microfinance instrument?
Credit cards
Mortgage loans
Savings accounts
Corporate bonds
#8
Who is considered the pioneer of microfinance and the founder of the Grameen Bank?
Muhammad Yunus
Bill Gates
Amartya Sen
Vikram Akula
#9
What does APR stand for in the context of microfinance?
Average Profit Rate
Annual Percentage Rate
Asset Protection Ratio
Accumulated Payment Returns
#10
Which of the following is a potential benefit of microfinance to women?
Increased unemployment
Limited access to education
Empowerment and economic independence
Decreased decision-making opportunities
#11
In microfinance, what does the acronym 'SME' stand for?
Small and Medium Enterprises
Social Microfinance Entities
Sustainable Microfinance Enterprises
Strategic Microfinance Entities
#12
Which of the following is a common challenge faced by microfinance institutions?
Overreliance on collateral
High-interest rates
Limited outreach to rural areas
All of the above
#13
What is the concept of 'Group Lending' in microfinance?
Lending to large corporations
Individual lending
Lending to a group of borrowers
Lending to government entities
#14
In microfinance, what does the term 'ROSCA' stand for?
Return on Social Capital Assessment
Revolving Organizational Savings and Credit Association
Rate of Savings and Credit Allocation
Risk of Savings and Credit Associations
#15
Which organization won the Nobel Peace Prize in 2006 for its efforts in microfinance?
World Bank
Grameen Foundation
UNICEF
International Monetary Fund (IMF)
#16
What is the term for the practice of offering a combination of financial services such as savings, credit, and insurance to the poor?
Integrated Finance
Holistic Banking
Microservices
Microfinance Plus
#17
What is the term for the process of gradually increasing loan sizes for borrowers who successfully repay their initial loans?
Micro-ladder
Ladderized Microfinance
Step-Up Microcredit
Progressive Lending
#18
What is the term for the process of collecting and analyzing data about the financial health of microfinance clients?
Client Profiling
Microfinance Analytics
Financial Inclusion Assessment
Client Appraisal