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The modern use of the expression "microfinancing" has roots in the 1970s when organizations such as Grameen Bank of Bangladesh was set up. It was pioneered by 
  • a)
    Akhtar Hameed Khan 
  • b)
    Muhammad Yunus 
  • c)
    Sheikh Hasina
  • d)
    Mujibur Rehman
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
The modern use of the expression "microfinancing" has roots ...
The history of micro financing can be traced back as long to the middle of the 1800s when the theorist Lysander Spooner was writing over the benefits from small credits to entrepreneurs and farmers as a way getting the people out of poverty. Independently to Spooner, Friedrich Wilhelm Raiffeisen founded the first cooperative lending banks to support farmers in rural Germany.
The modern use of the expression "micro-financing" has roots in the 1970s when organizations, such as Grameen Bank of Bangladesh with the microfinance pioneer Muhammad Yunus, were starting and shaping the modern industry of micro-financing. Another pioneer in this sector is Akhtar Hameed Khan. 
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The modern use of the expression "microfinancing" has roots in the 1970s when organizations such as Grameen Bank of Bangladesh was set up. It was pioneered bya)Akhtar Hameed Khanb)Muhammad Yunusc)Sheikh Hasinad)Mujibur RehmanCorrect answer is option 'B'. Can you explain this answer?
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The modern use of the expression "microfinancing" has roots in the 1970s when organizations such as Grameen Bank of Bangladesh was set up. It was pioneered bya)Akhtar Hameed Khanb)Muhammad Yunusc)Sheikh Hasinad)Mujibur RehmanCorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The modern use of the expression "microfinancing" has roots in the 1970s when organizations such as Grameen Bank of Bangladesh was set up. It was pioneered bya)Akhtar Hameed Khanb)Muhammad Yunusc)Sheikh Hasinad)Mujibur RehmanCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The modern use of the expression "microfinancing" has roots in the 1970s when organizations such as Grameen Bank of Bangladesh was set up. It was pioneered bya)Akhtar Hameed Khanb)Muhammad Yunusc)Sheikh Hasinad)Mujibur RehmanCorrect answer is option 'B'. Can you explain this answer?.
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