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Mifi 331 : Development Perspective Question Paper

Mifi 331 : Development Perspective 

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2015



KENYA METHODIST UNIVERSITY

END OF 1''st ''TRIMESTER 2015 (PT) EXAMINATION
SCHOOL : BUSINESS AND ECONOMICS
DEPARTMENT : ACCOUNTING FINANCE & INVESTMENT
UNIT CODE : MIFI 331
UNIT TITLE : DEVELOPMENT PERSPECTIVE


TIME: 2 HOURS

INSTRUCTIONS:

Answer question One and any other Two

Question One

Describe the term "microfinance".

(5marks)

Explain FIVE objectives of microfinance institution relating to development of microfinance sector.

(10marks)

Explain constraints facing growth microfinance sector.

(10marks)

Explain the terms "financial intermediation" and "social intermediation"

(5marks)

Question Two

Explain the term "paradigm shift" in microfinance.

(5marks)

Discuss the old and new paradigm shifts in microfinance sector.

(15marks)

Question Three
"The microfinance sector in Kenya is characterized by diverse range of institutions". List and describe at least FIVE such institutions. Give relevant local examples. (20marks)

Question Four
Microfinance sector upward growth is evidenced by the increased number of microfinance institutions and transformation of microfinance institutions to commercial banks. Describe success factors that may be attributed to microfinance growth in Kenya. (20marks)

Question Five
Discuss THREE commonly operated informal microfinance institutions and explain how each operates. (20marks)




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