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1 . Which Act is enacted by government of Bangladesh to regulate Microfinance institutions ?

A. Microcredit Regulatory Authority Act
B. Microcredit Regulatory Authorization Act
C. Microfinance Regulatory Authority Act
D. Microfinance Regulatory Authorization Act

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Answer: Option A

Explanation:

Microcredit Regulatory Authority (MRA) is the central body to monitor and supervise microfinance operations of non - governmental organizations of the Republic of Bangladesh.

It was created by the Government of People's Republic of Bangladesh under the Microcredit Regulatory Authority Act (Act no. 32 of 2006). License from the Authority is mandatory to operate microfinance operation in Bangladesh as an NGO.

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