Question

Which microfinance institution of India provides loans only against gold jewellery and provides foreign exchange services, money transfer, wealth management services, travel and tourism services?

• A. Power Finance Corporation Ltd
• B. Muthoot Finance Ltd
• C. Aditya Birla Finance Ltd
• D. Mahindra & Mahindra Financial Services Ltd

Answer 1

Answer:

B. Muthoot Finance Ltd

• Muthoot Finance Ltd is a non-banking financial company (NBFC) in India that provides loans primarily secured by gold jewellery.

• Additionally, they offer a range of services including foreign exchange services, money transfer, wealth management, travel and tourism services, among others.