Here are some MCQs on Self-Help Groups
1. What is the purpose of a Self-Help Group (SHG) in the banking sector?
a) To provide low-interest loans to its members
b) To encourage financial inclusion and empowerment of women
c) To promote savings habits among individuals
d) All of the above
2. SHGs are an effective tool for:
a) Poverty alleviation
b) Rural development
c) Employment generation
d) All of the above
3. Which of the following is not a characteristic of an SHG?
a) Voluntary membership
b) Regular savings by members
c) Involvement of a bank in financial provision
d) Strict profit-making motive
4. SHGs are usually formed by:
a) Banks
b) Government agencies
c) Non-governmental organizations (NGOs)
d) Individuals
5. What is the maximum number of members in an SHG?
a) 20
b) 25
c) 30
d) There is no maximum limit
