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.
Which of the following can be inferred from the passage?

• A. Microfinance has been successful only in Asian countries.
• B. Microfinance makes individual borrowers dependent rather than independent.
• C. America has the largest number of banks in the world.
• D. There is scope for microfinance institutions to be profitable in developed countries.
• E. There are no informal sources of credit in developed countries.

Answer 1

The correct option is D There is scope for microfinance institutions to be profitable in developed countries.

'There is a scope for microfinance institutions to be profitable in developed countries' can be inferred from the passage.