Question 2 - Arrange in correct order - Chapter 3 Class 10 Economics - Money and Credit - Economics

1. SHGs help borrowers overcome the problem of lack of collateral.

2. A typical SHG has 15-20 members who meet and save regularly. Saving per member varies from Rs. 25 - Rs.100 or more depending on the ability of the people to save.

3. After a year or two, if the group is regular in savings, it becomes eligible for availing loans from the bank. The loan is sanctioned in the name of the group and is meant to create self-employment opportunities for the members.

4. The idea is to organise rural poor, in particular women, into small self-help groups (SHGs) and pool (collect) their savings.

Options

1. 1 - 2 - 3 - 4

2. 4 - 3 - 2 - 1

3. 2 - 1 - 4 - 3

4. 4 - 2 - 3 - 1

-lock-

Answer

So the correct answer is (d) - 4 - 2 - 3 - 1

Explanation

• The idea is to organise rural poor , in particular women , into small self-help groups (SHGs) and pool (collect) their savings . This is statement 4.
• A typical SHG has 15-20 members who meet and save regularly. Saving per member varies from Rs. 25 - Rs.100 or more depending on the ability of the people to save. This is statement 2.
• After a year or two, if the group is regular in savings, it becomes eligible for availing loans from the bank. The loan is sanctioned in the name of the group and is meant to create self-employment opportunities for the members. This is statement 3.
• SHGs help borrowers overcome the problem of lack of collateral . This is statement 1.

-endlock-