SHGs help borrowers to overcome the problem of lack of collateral. They can get timely loans for a variety of purposes and at reasonable interest rates. Moreover, SHGs are building blocks of organisation of poor people. Analyse the information above considering one of the following correct option:
(a) Great help to rural poor
(b) Cannot help the poor
(c) Do not take any interest
(d) SHGs are not very successful
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Answer:
Explanation:
Read the information given below and select the correct options : (1)
SHGs are building blocks of organization of poor people. SHGs help borrowers overcome the problem of lack of collateral.
They can get timely loans for variety of purpose and at reasonable interest rates.
Analyse the loan information above, considering one of the following options :
a) SHGs are not very useful
b) cannot help the poor.
c) great help to the rural poor.
d) donot take any interest.
14. which of the following is under organized sector? (1)
a) A doctor in a hospital treating a patient.
b) A doctor taking classes in school
c) A carpenter working in a house.
d) A factory worker going to work in a big factory.