Banking and Financial Institutions

1: With reference to the Micro Finance Institutions consider the following statement. (i) At present Micro Finance Institutions (MFls) obtain finance from banks according to RBI guidelines. (ii) MFIs provide small scale credit to low income households and small informal businesses. Which of these statement is/ are correct?
A.

Only (i)

B.

Only (ii)

C.

Both (i) and (ii)

D.

Neither (i) nor (ii)

 

Answer : B

Explanation :

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Option: A

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