Economics · Social Sector Initiatives
Identify the correct statements regarding the formation process and characteristics of Self-Help Groups (SHGs) in India: 1. A group is usually formed with 10-20 members from the same community. 2. Regular meetings and collective decision-making are essential for functionality. 3. Members contribute regular savings based on their ability. 4. Formation of SHGs requires mandatory registration with the Ministry of Finance.
- 1All of the above
- 22 and 4 only
- 31 and 4 only
- 41, 2, and 3 only✓
Correct answer
1, 2, and 3 only
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on Social Sector Initiatives?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Social Sector Initiatives