Question : Which of the following is not a common product offered by microfinance institutions in India?
Option 1: Credit cards
Option 2: Personal loans
Option 3: Insurance products
Option 4: Savings accounts
Correct Answer: Credit cards
Solution : The correct option is Credit cards .
In India, credit cards are not a frequently given product by microfinance organisations. Typically, microfinance organisations concentrate on offering financial services to low-income and underprivileged community members, including individuals and small enterprises. These services frequently include insurance plans, savings accounts, and personal loans that are customised to meet the unique requirements of their customers.
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Question : Which regulatory body oversees microfinance institutions in India?
Question : Which among the following was set up in 1956 by the Indian Government by nationalising all the existing private sector life insurance companies?
Question : Which among the following microfinance institutions was established in India at the time of independence?
Question : In which year did RBI introduce the regulatory framework for microfinance loans?
Question : In 2019, the Export Credit Guarantee Corporation of India (ECGC) introduced the Export Credit Insurance Scheme(ECIS) called ______.
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