Question

Micro-financial institutions started from which country?

• A. India
• B. China
• C. Bangladesh
• D. Myanmar

Hint:

Always connect microfinance with Bangladesh and Muhammad Yunus, who won the Nobel Peace Prize in 2006.

Answer 1

The Correct Option is C

Step 1: Understanding micro-financial institutions.
Micro-financial institutions (MFIs) provide small loans to poor households and individuals to support income-generating activities.
Step 2: Historical origin.
The concept of microfinance began in Bangladesh through the efforts of Dr. Muhammad Yunus, who founded the Grameen Bank in 1976. This institution pioneered microcredit and microfinance services.
Step 3: Analyzing the options.
(A) India: MFIs grew here later but did not start here.
(B) China: Not the origin of MFIs.
(C) Bangladesh: Correct — origin of microfinance through Grameen Bank.
(D) Myanmar: Not correct.
Step 4: Conclusion.
Micro-financial institutions first started in Bangladesh.