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    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.

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