BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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We frequently read about ‘MFI’ in newspapers. What is the full form of this term, which is used in financial sector?
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Micro Finance Institutions
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Micro Functional Issues
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Mutual Funds in India
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Monetary Forum of India
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Explanation:
Detailed explanation-1: -Many microfinance Institutions (MFIs) have demonstrated an ability to provide financial services to poor people on a sustainable, profitable basis. Together, these facts have attracted a great deal of donor of money and a wide variety of organisations into the Microfinance sector.
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