Q26. Read the following passuge and answer the questions that follows:
Getting a loan from bank is much more difficult than taking loan from informal sources. Absence
of collateral security and documentation prevents the poors 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 of
the group can take sinall loans from the group itself to meet their needs. The group charges interest
less than moncylenders 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 opportunitics.
Answer the following MCQs by choosing the most appropriate option:
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
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
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.
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.
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Explanation:
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.by
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.
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