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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
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Solution

Answering the Question

To determine the year when the Grameen Bank was founded, let’s analyze the given options:

  1. 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.
  2. Option b: 1986 - While Grameen Bank was operational in the 1980s, this is not the founding year.
  3. Option c: 1976 - The concept of microcredit began in this year when Muhammad Yunus lent small amounts of money to artisans in Bangladesh.
  4. 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.

This problem has been solved

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