Quiz on Self-Help Groups (SHGs)

SHGs are most commonly formed in

• Urban areas

• Industrial zones

• Rural areas

• Coastal regions

How many members does a typical SHG usually consist of

• 10-20 members

• 15-20 members

• 10-30 members

• 10-15 members

Which of the following is a key feature of SHGs?

• Members are required to invest in the stock market

• SHGs function without any rules

• Members pool their savings for lending purposes

• SHGs depend entirely on government funding

SHGs help in the empowerment of:

• Government employees

• Farmers only

• Women and poor people

• Businessmen

Which of the following institutions is most likely to support SHGs by providing loans

• Commercial banks

• Private corporations

• Insurance companies

• Foreign investment firms

Self-Help Groups (SHGs) help reduce poverty by:

• Starting multinational companies

• Collecting taxes from members

• Providing access to credit without collateral

• Organizing international trade fairs

One of the major benefits of SHGs is:

• High-interest rates on loans

• Promoting large-scale farming

• Enhancing the decision-making power of its members

• Supporting international businesses

In India, which scheme promotes SHGs and financial inclusion?

• Make in India

• Pradhan Mantri Jan Dhan Yojana

• Digital India

• Swachh Bharat Abhiyan