Question

Which of the following sentences may be applicable to a self-help group?

• A. A community comprised of individuals hailing from similar social backgrounds.
• B. A community comprised of individuals hailing from similar political backgrounds.
• C. A community comprised of individuals hailing from similar financial backgrounds.
• D. Usually aimed at small savings and at conducting small businesses.

Answer 1

Answer: (A), (C), (D)

The correct options are
A A community comprised of individuals hailing from similar social backgrounds.
C A community comprised of individuals hailing from similar financial backgrounds.
D Usually aimed at small savings and at conducting small businesses.

Self-help groups are comprised of people hailing from similar social and economical backgrounds who face similar problems. They help each other and lend money within the group. This helps them avoid high interest rates charged by private money lenders.