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Question

Microfinance programmes were first created by Nobel prize winning Economist Muhummad Yunus in what decade?

The correct answer is

1970s

Muhammad Yunus, a Nobel laureate, pioneered microfinance programs in the 1970s.

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Important Questions from Microeconomics

  1. Surge pricing takes place when a service provider

  2. What effect will a decrease in demand and an increase in supply have on equilibrium price?

  3. A situation where the expenditure of the government exceeds its revenue is called ______.

  4. Which of the following statements is NOT correct about the factors that gave rise to the Consumer Movement in India?

  5. The total value of goods and services traded is considered to be the _________ of trade.

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