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Question
Read the following statements carefully and choose the correct alternatives given below:
Statement 1 - The emergence of Self-Help Groups (SHG’s) ensured the reduction in the fissures of the formal credit system.
Statement 2 - The borrowings from SHGs are mainly confined to consumption purposes by their members.
Options
Both the statements are true.
Both the statements are false.
Statement 1 is true and Statement 2 is false.
Statement 2 is true and Statement 1 is false.
MCQ
Solution
Both the statements are true.
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