LIC AAO 12 May 2013 Paper

Question : 125 of 160

Marks: +1, -0

What is the author’s opinion about the competition for customers among microfinanciers?

It benefits the poor by providing them with loans would have otherwise not had access to.
It is futile since the poor have to pay high rates of interest on property loans
It is not beneficial since firms waste their profits on marketing rather than helping the poor.
It is a disadvantage since microfinanciers use any means possible to recover loans.
None of these

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