1. What does the transformation of Peru’s nonprofit organization into a bank illustrate?

(A) To compete with commercial banks, microfinance institutions should convert into banks and offer a wide variety of services.

(B) Microfinance institutions turn higher profits as banks since interest rates on loans are at their discretion.

(C) The poor prefer to go to large banks rather than NGOs to obtain loans.

2. What was the impact of the non disclosure of their interest rates by lending institutions ?

3. What is the author’s opinion about the competition for customers among micro financiers?

4. Which of the following is/are the challenge/s faced by Mibanco at present from big banks ?

(A) Ensuring loyalty of their customers. .

(B) Retention of employees.

(C) Maintaining low interest rates.

5. Which of the following is/are consequence/s of micro financiers altering their business models ?

(A) Larger loan amounts get sanctioned.

(B) Debt among the poor has fallen in some countries.

(C) Drop in the loans awarded to women.

6-8.Choose the word which is most similar in meaning to the word printed in bold as used in the passage.

6. depart :

7. piqued :

verge :

9-10.Choose the word which is most opposite in meaning of the word printed in bold as used in the passage.

9. aspiring :

core :