UPSC Exam  >  UPSC Questions  >  The modern use of the expression "microf... Start Learning for Free
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. 
View all questions of this test
Explore Courses for UPSC exam

Similar UPSC Doubts

Top Courses for UPSC

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?
Question Description
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?.
Solutions 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? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of 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? defined & explained in the simplest way possible. Besides giving the explanation of 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?, a detailed solution 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? has been provided alongside types of 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? theory, EduRev gives you an ample number of questions to practice 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? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev