Baobab Micro Finance Past Questions And Answers

Baobab Micro Finance Past Questions And Answers

Here are multiple-choice questions related to Baobab microfinance, along with options and correct answers:

What is the primary goal of Baobab microfinance?

a) Maximizing profits

b) Alleviating poverty

c) Supporting large corporations

d) Promoting consumerism

Correct answer: b) Alleviating poverty

Which of the following best describes Baobab microfinance?

a) Commercial bank

b) Investment firm

c) Non-profit organization

d) Microfinance institution

Correct answer: d) Microfinance institution

Baobab microfinance mainly serves:

a) High-income individuals

b) Rural communities

c) International corporations

d) Government agencies

Correct answer: b) Rural communities

Which financial services does Baobab microfinance typically provide?

a) Mortgages and car loans

b) Credit cards and personal loans

c) Business loans and savings accounts

d) Wealth management and investment advice

Correct answer: c) Business loans and savings accounts

Baobab microfinance operates primarily in which regions?

a) North America and Europe

b) Asia and Australia

c) Latin America and the Caribbean

d) Africa and the Middle East

Correct answer: d) Africa and the Middle East

What is the average loan size offered by Baobab microfinance?

a) $10,000 - $50,000

b) $1,000 - $5,000

c) $100 - $500

d) $50,000 - $100,000

Correct answer: b) $1,000 - $5,000

Baobab microfinance primarily targets which customer segment?

a) Large corporations

b) Small and medium enterprises

c) Individual consumers

d) Government agencies

Correct answer: b) Small and medium enterprises

What is the repayment period for loans provided by Baobab microfinance?

a) 1-2 months

b) 6-12 months

c) 3-5 years

d) 10-20 years

Correct answer: b) 6-12 months

Baobab microfinance often uses which technology to deliver financial services?

a) Mobile banking

b) Cryptocurrency

c) Blockchain

d) Artificial intelligence

Correct answer: a) Mobile banking

Which of the following is a common requirement to obtain a loan from Baobab microfinance?

a) Minimum age of 21 years

b) Minimum credit score of 700

c) Collateral or guarantor

d) Proof of employment at a large company

Correct answer: c) Collateral or guarantor

Baobab microfinance aims to promote financial:

a) Exclusion

b) Independence

c) Instability

d) Illiteracy

Correct answer: b) Independence

Baobab microfinance's interest rates are typically:

a) Higher than traditional banks

b) Lower than traditional banks

c) Fixed for the entire loan term

d) Based on the borrower's credit score

Correct answer: a) Higher than traditional banks

Baobab microfinance focuses on providing financial services to:

a) Urban areas only

b) Rural and urban areas

c) Wealthy individuals only

d) Non-profit organizations

Correct answer: b) Rural and urban areas

Which of the following is a potential risk associated with Baobab microfinance loans?

a) Limited access to credit

b) High interest rates

c) Lack of financial education

d) All of the above

Correct answer: d) All of the above

Baobab microfinance offers which of the following non-financial services?

a) Business training and mentoring

b) Health insurance coverage

c) Legal advice and support

d) All of the above

Correct answer: d) All of the above

Baobab microfinance measures its impact primarily based on:

a) Profitability of its clients

b) Social and environmental indicators

c) GDP growth in target regions

d) Stock market performance

Correct answer: b) Social and environmental indicators

Baobab microfinance prioritizes lending to:

a) Men over women

b) Rural over urban clients

c) Younger over older individuals

d) Marginalized and excluded populations

Correct answer: d) Marginalized and excluded populations

Baobab microfinance encourages:

a) Over-indebtedness of clients

b) Healthy financial habits and savings

c) Borrowing from multiple lenders simultaneously

d) Exploitation of its borrowers

Correct answer: b) Healthy financial habits and savings

Baobab microfinance is regulated by:

a) International Monetary Fund (IMF)

b) United Nations (UN)

c) Central banks and financial authorities

d) World Bank Group

Correct answer: c) Central banks and financial authorities

Baobab microfinance contributes to the United Nations Sustainable Development Goals by focusing on:

a) Climate change mitigation

b) Gender equality and women's empowerment

c) Nuclear disarmament

d) Universal healthcare coverage

Correct answer: b) Gender equality and women's empowerment