- Reading comprehension involves a proof reading of a passage of about 300 – 1000 words and answering the questions that follow.
- RC forms an important part of the verbal ability section. This section mainly focuses on to check the ability to understand the language and the underlying concept of the passage. The main focus should be to have a good command over the language as well as time management.
- Make sure you attempt these passage on a regular basis and with complete seriousness.
- Read the passage below and then answer the questions that follow.
- Once you are finished, click the ‘Get Results’ button below. Any items you have not completed will be marked incorrect.
So, the question is whether there is a role for a Third World lender in the world’s largest economy? Grameen America believes that in a few years it will be successful and turn a profit, thanks to 9 million United States households untouched by mainstream banks and 21 million using the likes of pay day loans and pawn shops for financing. But enticing the unbanked won’t be easy. After all, profit has long eluded United States micro financiers and if it is not lucrative, it is not micro lending – but charity. When Grameen first went to the United States in the late 1980s, it tripped up. Under Grameen’s tutelage, Banks started micro loans to entrepreneurs with a shocking 30% loss. But Grameen America says that this time results will be different because Grameen employees themselves will be making the loans, not training an American bank to do it. More often than not, the borrowers.Grameen finds in the United States already have jobs (as factory workers for example) or side businesses – selling toys, cleaning houses etc. The loans from Grameen, by and large, provide a steadier source of funding, but they don’t create businesses out of nothing. But money isn’t everything. More importantly for many entrepreneurs, group members are tremendous sources of support to one another-So even if studies are yet to determine if Grameen is a clear-cut pathway out of poverty, it still achieves something useful.