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Which of the following is not a feature of SHG ?
(i) They are controlled by the RBI.
(ii) The group charges no rate of interest from its members.
(iii) After a year or two, if the group is regular in savings, it becomes eligible for availing loan from the bank.
(iv) Most of the important decisions regarding the savings and loan activities are taken by the group members.
(i) They are controlled by the RBI.
(ii) The group charges no rate of interest from its members.
(iii) After a year or two, if the group is regular in savings, it becomes eligible for availing loan from the bank.
(iv) Most of the important decisions regarding the savings and loan activities are taken by the group members.
- a)Only (i) and (ii)
- b)Only (ii) and (iii)
- c)Only (iii) and (in)
- d)All of the above
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which of the following is not a feature of SHG ?(i) They are controlle...
Features of SHG :
(iii) After a year or two, if the group is regular in savings, it becomes eligible for availing loan from the bank.
(iv) In a SHG (Self Help Group) important decisions in regard to loan and savings are taken by group members.
- Self Help Groups issue loans at reasonable rate of interest.
- SHG is a mutual help group who provide support among themselves.
- They come together to solve their economic issues and earn income.
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Which of the following is not a feature of SHG ?(i) They are controlle...
Features of Self Help Groups (SHG) and the incorrect option:
Self Help Groups (SHG) are informal groups of people who come together to save and borrow money. They have several features, which include the following:
1. Voluntary membership: The members of SHGs join the group voluntarily and participate in the group's activities.
2. Savings and credit activities: The primary focus of the SHG is to save money and provide credit to its members.
3. Regular meetings: The SHG members meet regularly to discuss various issues related to savings and credit activities.
4. Group decision making: Most of the important decisions regarding the savings and loan activities are taken by the group members.
5. No rate of interest: SHGs do not charge any rate of interest from its members.
6. Eligibility for bank loan: After a year or two, if the group is regular in savings, it becomes eligible for availing loan from the bank.
The incorrect option is:
(i) They are controlled by the RBI.
This is incorrect because SHGs are not controlled by the Reserve Bank of India (RBI). They are self-managed by the members of the group. However, the RBI does provide some guidelines and support for the promotion and development of SHGs.
Self Help Groups (SHG) are informal groups of people who come together to save and borrow money. They have several features, which include the following:
1. Voluntary membership: The members of SHGs join the group voluntarily and participate in the group's activities.
2. Savings and credit activities: The primary focus of the SHG is to save money and provide credit to its members.
3. Regular meetings: The SHG members meet regularly to discuss various issues related to savings and credit activities.
4. Group decision making: Most of the important decisions regarding the savings and loan activities are taken by the group members.
5. No rate of interest: SHGs do not charge any rate of interest from its members.
6. Eligibility for bank loan: After a year or two, if the group is regular in savings, it becomes eligible for availing loan from the bank.
The incorrect option is:
(i) They are controlled by the RBI.
This is incorrect because SHGs are not controlled by the Reserve Bank of India (RBI). They are self-managed by the members of the group. However, the RBI does provide some guidelines and support for the promotion and development of SHGs.
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Which of the following is not a feature of SHG ?(i) They are controlled by the RBI.(ii) The group charges no rate of interest from its members.(iii) After a year or two, if the group is regular in savings, it becomes eligible for availing loan from the bank.(iv) Most of the important decisions regarding the savings and loan activities are taken by the group members.a)Only (i) and (ii)b)Only (ii) and (iii)c)Only (iii) and (in)d)All of the aboveCorrect answer is option 'A'. Can you explain this answer? for Class 10 2025 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Which of the following is not a feature of SHG ?(i) They are controlled by the RBI.(ii) The group charges no rate of interest from its members.(iii) After a year or two, if the group is regular in savings, it becomes eligible for availing loan from the bank.(iv) Most of the important decisions regarding the savings and loan activities are taken by the group members.a)Only (i) and (ii)b)Only (ii) and (iii)c)Only (iii) and (in)d)All of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 10 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is not a feature of SHG ?(i) They are controlled by the RBI.(ii) The group charges no rate of interest from its members.(iii) After a year or two, if the group is regular in savings, it becomes eligible for availing loan from the bank.(iv) Most of the important decisions regarding the savings and loan activities are taken by the group members.a)Only (i) and (ii)b)Only (ii) and (iii)c)Only (iii) and (in)d)All of the aboveCorrect answer is option 'A'. Can you explain this answer?.
Which of the following is not a feature of SHG ?(i) They are controlled by the RBI.(ii) The group charges no rate of interest from its members.(iii) After a year or two, if the group is regular in savings, it becomes eligible for availing loan from the bank.(iv) Most of the important decisions regarding the savings and loan activities are taken by the group members.a)Only (i) and (ii)b)Only (ii) and (iii)c)Only (iii) and (in)d)All of the aboveCorrect answer is option 'A'. Can you explain this answer? for Class 10 2025 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Which of the following is not a feature of SHG ?(i) They are controlled by the RBI.(ii) The group charges no rate of interest from its members.(iii) After a year or two, if the group is regular in savings, it becomes eligible for availing loan from the bank.(iv) Most of the important decisions regarding the savings and loan activities are taken by the group members.a)Only (i) and (ii)b)Only (ii) and (iii)c)Only (iii) and (in)d)All of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 10 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is not a feature of SHG ?(i) They are controlled by the RBI.(ii) The group charges no rate of interest from its members.(iii) After a year or two, if the group is regular in savings, it becomes eligible for availing loan from the bank.(iv) Most of the important decisions regarding the savings and loan activities are taken by the group members.a)Only (i) and (ii)b)Only (ii) and (iii)c)Only (iii) and (in)d)All of the aboveCorrect answer is option 'A'. Can you explain this answer?.
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