question_answer

Direction: In each of the given sentences, select the sentence which would cither follow or precede the given sentence in grammatically and conceptually appropriate manner. The instruction is given at the end of every statement.

Coming out of a damaging crisis, the microfmance sector in general and MFIs (microfinace institutions) in particular have been looking forward to a robust regulatory arrangement? Which of the following sentences would immediately follow the above sentence?

A)  Its emphasis on encouraging Self Regulatory Organisations (SRO) gives some hope that sector networks will get to play more definite and constructive role in helping MFIs stick to the regulated path.

B)  However, RBI has limited its focus only to MFIs as of now.

C)  The intervention of the central bank on several occasions has helped ease the situation substantially by boosting the confidence of the banking system and facilitating increased funds flow to MFIs.

D)  In the absence of an appropriate regulatory umbrella, the non-profit and community-based microfmance organisations are left with only one option - transform into either, an NBFC-MFI or into a profit-earning company.

E)  None of these