Year when the Grameen bank founded?Select one:a.1942b.1986c.1976d.1975Clear my choice
Question
Year when the Grameen bank founded?
Select one:
- a. 1942
- b. 1986
- c. 1976
- d. 1975
Clear my choice
Solution
Answering the Question
To determine the year when the Grameen Bank was founded, let’s analyze the given options:
- Option a: 1942 - This is too early for the establishment of Grameen Bank, as it primarily focuses on poverty alleviation and microfinance in a contemporary context.
- Option b: 1986 - While Grameen Bank was operational in the 1980s, this is not the founding year.
- Option c: 1976 - The concept of microcredit began in this year when Muhammad Yunus lent small amounts of money to artisans in Bangladesh.
- Option d: 1975 - This is before the formal establishment of the bank but relevant in its historical context.
Verification
The correct founding year of the Grameen Bank is 1983; however, from the listed options, the most relevant year to its development is 1976, when Muhammad Yunus started his work with the community.
Final Answer
The closest answer is c. 1976.
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