LIC AAO 12 May 2013 Paper

Question : 122 of 160

Marks: +1, -0

Why did most microfinance institutions initially provide only credit services?

They were unable to compete with the interest rates offered on deposits by commercial banks.
They have to operate purely on a non-profit basis.
Government restrictions prevented them from oifer- choo: ing additional services. Jarir
To ensure the poor have a bo! access to modem necessi- 126.! ties like microwaves. i
None of these

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