Question

Q.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.​

Answer 1

Answer:

Q 26.1 = D ) None of the above..

Q 26.2 = B ) Nearby villages..

Q 26.3 = B ) They can take small loans from the group itself to meet their needs..

Q 26.4 = D )They are entitled to raise loan from bank in the name of SHG.