Question

Read the following passage carefully and answer the given questions. Certain words/phrases are given in bold to help you locate them while answering some of the questions.
Why has Grameen made a second attempt to launch itself in the US?

• A. The willingness of US banks to provide the necessary staff and funds to facilitate the spread of microfinance.
• B. The rates of interest on loans in the US are exorbitant making it easier to recover capital.
• C. The realisation that a large percentage of the American population not reached by mainstream banks can be tapped.
• D. Recognition of the fact that disbursing credit in developing countries during the recession is too risky.
• E. None of the above.

Answer 1

The correct option is C The realisation that a large percentage of the American population not reached by mainstream banks can be tapped.

Grameen has made a second attempt to launch itself in the US because of the realisation that a large percentage of the American population not reached by mainstream banks can be tapped.