Question : Choose the correct option in the context of given sentences.

Assertion: Self-help groups (SHGs) have emerged as an effective model for microfinance in India.

Reason: SHGs can pool resources and negotiate better loan terms with microfinance institutions.

Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.

Option 2: Both assertion and reason are false.

Option 3: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.

Option 4: The assertion is true, but the reason is false.

Question : Under the 2021 regulatory framework, what is the maximum tenure of a microfinance loan in India?

Option 1: 24 months

Option 2: 12 months

Option 3: 18 months

Option 4: 36 months

Question : Which of the following is not a common product offered by microfinance institutions in India?

Option 1: Credit cards

Option 2: Personal loans

Option 3: Insurance products

Option 4: Savings accounts

Question : Which regulatory body oversees microfinance institutions in India?

Option 1: Reserve Bank of India (RBI)

Option 2: Ministry of Finance

Option 3: Insurance Regulatory and Development Authority of India (IRDAI)

Option 4: Securities and Exchange Board of India (SEBI)

Question : Which of the following statements is correct regarding the bank reserves?
I. These reserves are kept partly as cash and partly in the form of financial instruments.
II. Cash Reserves Ratio are deposits that commercial banks keep with the Reserve Bank of India.

Option 1: Only II

Option 2: Both I and II

Option 3: Only I

Option 4: Neither I nor II

Question : Identify the correct statement/s concerning the National Bank for Agriculture and Rural Development (NABARD) EShakti project.

i. The project aimed to digitise the financial and non-financial data of all the SHGs.

ii. The project aimed to bring awareness about Digital India among the farmers.

iii. This project was launched by NABARD in March 2015.

Option 1: Only ii

Option 2: Only i and iii

Option 3: Only i and ii

Option 4: Only ii and iii