LIC AAO Model Paper 9
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Directions (126-130) :
Rearrange the following five sentences (A), (B), (C), (D), & (E) in proper sequence to form a meaningful paragraph, then answer the given question.
(A) Commercial Banks, Regional Rural Banks(RRBs), cooperative and other large lenders have played an important role in providing refinance facility to MFIs. Banks have also leveraged the Self-Help Group (SHGs) channel to provide direct credit ot group borrowers.
(B) Microfinance Institutions(MFIs) in India exist as NGOs (registered as societies or busts). Section 25 companies and Non-Banking Financial Companies (NBFCs).
(C) Today it has evolved into a vibrant industry exhibiting a variety of business models.
(D) Nobel Laureate MuhammadYunus is credited with laying the foundation of the modem MFIs with establishment of Grameen Bank, Bangladesh in 1976.
(E) Microfinance sector has grown rapidly over the past few decades.
Rearrange the following five sentences (A), (B), (C), (D), & (E) in proper sequence to form a meaningful paragraph, then answer the given question.
(A) Commercial Banks, Regional Rural Banks(RRBs), cooperative and other large lenders have played an important role in providing refinance facility to MFIs. Banks have also leveraged the Self-Help Group (SHGs) channel to provide direct credit ot group borrowers.
(B) Microfinance Institutions(MFIs) in India exist as NGOs (registered as societies or busts). Section 25 companies and Non-Banking Financial Companies (NBFCs).
(C) Today it has evolved into a vibrant industry exhibiting a variety of business models.
(D) Nobel Laureate MuhammadYunus is credited with laying the foundation of the modem MFIs with establishment of Grameen Bank, Bangladesh in 1976.
(E) Microfinance sector has grown rapidly over the past few decades.
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