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Appraising of the System

What is the n...

Question

What is the name of the success story that met the credit needs of the poor, at reasonable rates, in Bangladesh?

A

Grameen Bank

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B

Reserve Bank

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C

Cooperative Bank

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D

None of these

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Solution

The correct option is A
Grameen Bank

The Grameen Bank is a microfinance organisation and community development bank founded in Bangladesh. It makes small loans (known as microcredit or "grameencredit") to the impoverished without requiring collateral.

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