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Question

Prof. Muhammad Yunus is the founder of which one of the following banks?

A
Co-operative bank
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B
Commercial bank
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C
Grameen bank
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D
Land development bank
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Solution

The correct option is B Grameen bank

Professor Muhammad Yunus established the Grameen Bank in Bangladesh in 1983, fueled by the belief that credit is a fundamental human right. His objective was to help poor people escape from poverty by providing loans on terms suitable to them and by teaching them a few sound financial principles so they could help themselves.


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