13 Views

Question : Identify the incorrect statement/s concerning Self-help groups.

i. They include voluntary groups of up to 20 socially and economically homogenous people.

ii. There is no need to follow well-defined rules and bylaws for SHGs.

iii. In April 1996, RBI declared SHG-BLP a priority sector lending activity.

Option 1: ii and iii

Option 2: Only i

Option 3: Only iii

Option 4: Only ii


Team Careers360 24th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Only ii


Solution : The correct option is Only ii .

Self-help groups typically have well-defined rules and bylaws to govern their functioning. These rules help ensure transparency, accountability, and smooth operation within the group. SHGs need clear guidelines to ensure financial and social cooperation among their members.

Statement 2 is wrong because all the others are true regarding SHG.

How to crack SSC CHSL

Candidates can download this e-book to give a boost to thier preparation.

Download Now

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books