Question : Who decides the savings and loan activities in a Self Help Group (SHG)?
Option 1: Private bank
Option 2: Reserve Bank of India
Option 3: Members of the group
Option 4: Non-government organisations
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Correct Answer: Members of the group
Solution : The correct option is Members of the group.
The members of a Self Help Group (SHG) decide together on the group's savings and loan activities. SHGs are community-based groups where participants combine their assets, including savings, to establish a common fund. The members are then given loans from this fund depending on their unique requirements and ability to repay them.
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Question : In a self-help group, the loan and saving decisions are taken by the______.
Option 1: group members
Option 2: non-government organisation
Option 3: bank
Option 4: government
Question : Which institution launched the Self-Help Group (SHG) Bank Linkage Programme in 1992-93?
Option 1: SBI
Option 2: NABARD
Option 3: SIDBI
Option 4: IDBI
Question : Regional Rural Banks are sponsored by:
Option 1: Nationalised Commercial Bank
Option 3: State Bank of India
Option 4: Government of India
Question : The monetary policy is India is formulated by:
Option 1: central government
Option 2: industrial financial corporation of India
Option 3: Reserve Bank of India
Option 4: Industrial Development Bank of India
Question : Which of the following organisations of the Government of India has been reporting the Gross domestic product at factor cost and market prices?
Option 1: Reserve Bank of India
Option 2: National Sample Survey Organisation
Option 3: Central Statistics Office
Option 4: NITI Aayog
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