Question

Choose the most appropriate answer. (i) In a SHG most of the decisions regarding savings and loan activities are taken by (a) Bank. (b) Members. (c) Non-government organisation. (ii) Formal sources of credit does not include (a) Banks. (b) Cooperatives. (c) Employers.

Answer 1

Answer:

(i) Option (b) Members

(ii) Option (c) Employers

Explanation:

(i) SHG is a financial intermediary committe with some local persons as members. The financial decisions regarding savings and loan related activities are taken by the members of the group.

(ii) Formal sources of credit means Cooperatives and Banks. It does not consititute an Employer, Moneylender, Landlords, Traders, Friends, Relatives etc.

Hope the answer is helpful.

Answer 2

Explanation:

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