1.Which of the following best captures the main idea of the passage?
Passage introduces the concept of Micro Finance and mentioned it effect on Bangladesh and Other countries,which tried to replicate this but failed.
Option A captures this and is the right answer.
2. Which one of the following statements can be inferred about the for-profit microfinance institutions?
Based on this excerpt from passage, we can clearly infer option A
Quote:
Private, for-profit organizations around the world wrongly judged the situation, thinking that they could first and foremost profit from this type of venture while developing the country in the process
3.According to the passage, which one of the following statements is true?
A.When Grameen started functioning, there were fewer people in the urban areas of Bangladesh who applied for a loan from it than there were when it became more successful
-- no info about this in the passageB.There is a limited scope of Grameen’s success in countries outside South East Asia.
-- inconsistent with the info from passageC.Microfinance as a concept is more successful for for-profit oriented microfinance institutions than for Grameen.
-- never statedD.Granting a sum of money as charity to the poor is not a part of Grameen’s operations.
--holdE.Institutions offering traditional loans charge much higher interest rates than Grameen does.
--never statedso, option D is the best choice.