Self-Help Groups

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6. Which of the following is not a source of funding for SHGs?

a) Subsidized loans from banks

b) Grants from the government

c) Donations from individuals

d) Income generated from member savings

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7. SHGs are primarily focused on providing:

a) Crop loans to farmers

b) Housing loans to urban dwellers

c) Microfinance services to low-income individuals

d) Insurance policies to members

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8. SHGs are encouraged to save and build their corpus to:

a) Generate income for members

b) Meet emergency financial needs of members

c) Become financially self-reliant

d) All of the above

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9. Which government scheme supports SHGs in India?

a) Pradhan Mantri Jan Dhan Yojana (PMJDY)

b) Pradhan Mantri Mudra Yojana (PMMY)

c) Rashtriya Mahila Kosh (RMK)

d) National Rural Employment Guarantee Act (NREGA)

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10. How are SHGs different from traditional banks?

a) SHGs primarily serve low-income individuals and rural communities

b) SHGs have a more personalized and community-driven approach

c) SHGs focus on social development along with financial services

d) All of the above

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