arrow
arrow
arrow
Who among the following is a Nobel Prize winner, also known as the father of microfinance systems?
Question

Who among the following is a Nobel Prize winner, also known as the father of microfinance systems?

A.

Amartya Sen

B.

Raghuram Rajan

C.

Muhammad Yunus

D.

Sandra Rotman

Correct option is C


The correct answer is (c) Muhammad Yunus.
 Muhammad Yunus is a Nobel Prize winner, awarded the Nobel Peace Prize in 2006.
 He is widely recognized as the father of microfinance systems, having founded the Grameen Bank in Bangladesh.
 Yunus's innovative approach to microfinance involves providing small loans to impoverished individuals without requiring collateral, thereby enabling them to start small businesses and improve their economic conditions.
 His work has significantly impacted poverty alleviation and has inspired similar microfinance initiatives globally.
Information Booster:
Amartya Sen: An Indian economist and philosopher, awarded the Nobel Prize in Economic Sciences in 1998 for his contributions to welfare economics and social choice theory.
Raghuram Rajan: An Indian economist and the 23rd Governor of the Reserve Bank of India, known for his work on financial systems and economic reforms but not a Nobel Prize winner.
Sandra Rotman: A philanthropist and social entrepreneur, known for her contributions to global health and social innovation, but not associated with microfinance or a Nobel Prize winner.

Free Tests

Free
Must Attempt

SSC GD PYP (Held on 4 Feb 2025 S1)

languageIcon English
  • pdpQsnIcon80 Questions
  • pdpsheetsIcon160 Marks
  • timerIcon60 Mins
languageIcon English
Free
Must Attempt

Hindi Section Test 1

languageIcon English
  • pdpQsnIcon20 Questions
  • pdpsheetsIcon40 Marks
  • timerIcon12 Mins
languageIcon English
Free
Must Attempt

SSC GD Constable Full Mock Test 1

languageIcon English
  • pdpQsnIcon80 Questions
  • pdpsheetsIcon160 Marks
  • timerIcon60 Mins
languageIcon English
test-prime-package

Access ‘SSC CGL Tier I’ Mock Tests with

  • 60000+ Mocks and Previous Year Papers
  • Unlimited Re-Attempts
  • Personalised Report Card
  • 500% Refund on Final Selection
  • Largest Community
students-icon
354k+ students have already unlocked exclusive benefits with Test Prime!
Our Plans
Monthsup-arrow