Question : Self-help organizations give rural households credit.
A: At a reasonable interest rate
B: Without collateral
Option 1: Only A correct
Option 2: Only B correct
Option 3: Both are correct
Option 4: Both are false

Question

Question : Self-help organizations give rural households credit.
A: At a reasonable interest rate
B: Without collateral

Option 1: Only A correct

Option 2: Only B correct

Option 3: Both are correct

Option 4: Both are false

Team Careers360 · Accepted Answer

Correct Answer: Both are correct

Solution : SHG is a group of people who support one another through mutual aid.
1: In an SHG (Self Help Group), group members make crucial decisions on loans and savings.
2: Self-Help Groups grant loans (credit) with affordable interest rates.
3: They band together to address their financial problems, generate money, and achieve financial independence.
4:Aid women to discuss pertinent subjects, such as health.
Hence option c is the correct answer.

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Question : Self-help organizations give rural households credit. A: At a reasonable interest rate B: Without collateralOption 1: Only A correctOption 2: Only B correctOption 3: Both are correctOption 4: Both are false

Related Questions

Question : Self-help groups offer credit to rural households ________. 1: Without collateral 2: At a moderate rate of interest

Question : Which of the following statements regarding self-help organizations is untrue? A: They were introduced in 1982 B: They are a small group of rural residents. C: They assist rural low-income people in gaining access to credit system advantages.

Question : Which source of credit had emerged to fully integrate the formal credit system into the overall rural social and community development? A: Land development banks B: Self-help groups C: Regional rural banks

Question : Which type of cost is involved under migration? A: Transporation cost B: Higher living cost

Question : Which statement is correct: Statement 1: NABARD is the apex bank of rural credit. Statement 2:Self Help group provides a scheme of microfinance.

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Question : Self-help organizations give rural households credit.
A: At a reasonable interest rate
B: Without collateral
Option 1: Only A correct
Option 2: Only B correct
Option 3: Both are correct
Option 4: Both are false

Question : Self-help groups offer credit to rural households ________.
1: Without collateral
2: At a moderate rate of interest

Question : Which of the following statements regarding self-help organizations is untrue?
A: They were introduced in 1982
B: They are a small group of rural residents.
C: They assist rural low-income people in gaining access to credit system advantages.

Question : Which source of credit had emerged to fully integrate the formal credit system into the overall rural social and community development?
A: Land development banks
B: Self-help groups
C: Regional rural banks

Question : Which type of cost is involved under migration?
A: Transporation cost
B: Higher living cost

Question : Which statement is correct:
Statement 1: NABARD is the apex bank of rural credit.
Statement 2:Self Help group provides a scheme of microfinance.