c) V = 1.21 GV =
W =
Q=2 000 000
Answers
Answer:
26. Read the source given below and answer the questions that follows:
Getting a loan from bank is much more difficult than taking loan from informal
sources. Absenceof collateral security and documentation prevents the Poor
from getting bank loans.
Self Help Group is a group of people usually belonging to one neighbourhood
having same social and economic backgrounds. They meet and save money
regularly as per their ability. Members ofthe group can take small loans from
the group itself to meet their needs. The group charges interestless than
moneylenders on these loans. After one or two years, if the group is regular in
savings, it becomes eligible for availing loan from the bank. Loan is
sanctioned in the name of group and is meant to create self-employment
opportunities.
Answer the following questions by choosing the most appropriate option.
Q.26.1. What is the most essential requirement for taking loan from
informal services?
A. Collateral security
B. Bribe
C. Source from a top officer
D. None of the above
1
Q.26.2. SHG is a group of people usually belonging to:
A. the same caste
B. nearby villages
C. one neighbourhood having some social and economic
backgrounds
D. different villages
1
Q.26.3. What facilities do the members have who are in the same
group?
A. They are not given any facility.
B. They can take small loans from the group itself to meet
their needs.
C. They are debarred from the group.
D. No facility is given to them.
1
Q.26.4. What benefits are there for a SHG that is regular in savings?
A. The disputes arise after sometimes.
B. They are rewarded by the government.
C. They get jobs in government departments.
D. They are entitled to raise loan from bank in the name of
SHG.