Social Science CBSE Class 10 Sample Paper for 2023 Boards

Explain the role of Self-Help Groups (SHGs) in the rural society.

 

Answer:

Explanation:

  • supervises the functioning of formal sources of loans
  • monitors banks to maintain a minimum cash balance out of the deposit they receive.
  • monitors banks in actually maintaining cash balance .
  • Sees that banks give loans to everyone including small-scale industries , sm all borrowers etc.
  • Banks submit information to RBI about their lending details .

Answer to be written in exam:

  • The RBI supervises the functioning of formal sources of loans .
  • RBI monitors the banks to maintain a minimum cash balance out of the deposit they receive.
  • RBI is responsible for monitoring the banks in actually maintaining cash balance .
  • RBI sees that the banks give loans not just to profit-making businesses and traders but also to small cultivators , small-scale industries , small borrowers etc.
  • Banks have to submit information to the RBI on how much they are lending to whom at what interest rate , etc.

 

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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.