Which statutory regulatory authority, established in 2006, licenses and supervises non-governmental microfinance institutions (MFIs) in Bangladesh?
Answer and explanation
Correct answer: A. the Microcredit Regulatory Authority
- Step 1: The Microcredit Regulatory Authority (MRA) was established under the Microcredit Regulatory Authority Act 2006. Answer: the Microcredit Regulatory Authority (MRA). Why not the others: The Bangladesh Bank Banking Regulation, The NGO Affairs Bureau of Prime Minister and The Securities and Exchange Commission don't fit.
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