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What is the main financial practice adopted by members of a Self-Help Group (SHG)?

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Question

What is the main financial practice adopted by members of a Self-Help Group (SHG)?

Options

  • Investing in stocks.

  • Pooling regular savings into a common fund.

  • Taking loans from banks.

  • Donating to charity.

MCQ
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Solution

Pooling regular savings into a common fund.

Explanation:

SHGs operate by regular savings of members, building a fund for lending and development.

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