Question : A Joint Liability Group is usually an informal group that consists of _________ individuals who seek loans against mutual guarantee.
Option 1: 1-3
Option 2: 15-20
Option 3: 4-10
Option 4: 20-30
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Correct Answer: 4-10
Solution : The correct answer is 4-10 .
A Joint Liability Group (JLG) is typically an informal group that consists of 4–10 individuals who come together to seek loans against a mutual guarantee. These individuals often have similar socio-economic backgrounds and are usually engaged in small-scale income-generating activities in rural or semi-urban areas.
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