Bank-PO (IBPS) General-Awareness: Questions 1 of 1311

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Question

Which among the following mechanisms do not contribute to the success of micro credit?

Choices

Choice (4) Response

a.

Dynamic Incentive

b.

All of the above

c.

Collaterals

d.

Regular Repayment Schedule

Topic iScore

Ques. Time

Answer

c.

Explanation

Microcredit is the small credit given to poor and comes under the micro finance services. The commercial banks are encouraged by the RBI for expansion of the microcredit in India. A pilot project for purveying micro credit by linking Self-Help Groups (SHGs) with banks was launched by NABARD in 1991 - 92.

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