Multiple choice

Since NGOs charge 15-22% rate of interest, we can say they:

  1. are exploitative

  2. are like any other bank

  3. are justified because borrowers do not mind

  4. none of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

From the information available in passage the following line “yet the high rate of repayment is the best evidence of affordability” gives us clue to answer this question that high rate of interest charge by NGO is justified. Thus correct option (3). The rate being exploitative is contention used by leftist against NGO’s. Thus correct answer is option (3).

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