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.
Option 1: Only A
Option 2: Only B and C
Option 3: Only C
Option 4: All are false
Correct Answer: Only A
Solution : To connect the unorganized sector with the established banking sector, NABARD launched SHGs in 1992. Hence option a is the correct answer.
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 : lingering challenges contain: A: Rural credit B: Rural Marketing C: Unemployment
Question : Self-help organizations give rural households credit. A: At a reasonable interest rate B: Without collateral
Question : Institutional sources of credit include A: Commercial bank B: Regional rural bank C: Money lenders
Question : Statement 1: The National Bank for Agriculture and Rural Development (NABARD) was established in 1982.
Statement 2: NABARD provides financial support to agriculture and rural development projects.
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