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HCS (Haryana)Prelims2026General Studies
Question
Consider the following pairs: 1. Commercial banks : Provide regulated credit loans. 2. Self help Groups : Provide Group credit. 3. Informal Money lenders : Provide loans as per the RBI rules. How many of the above pairs are correctly matched?
Options
- A Only one pair
- B Only two pairs
- C All three pairs
- D None of the pairs
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Correct Answer
B Only two pairs
Model Answer
- Commercial banks accept deposits and provide loans under the regulation and supervision of the Reserve Bank of India, which prescribes the norms of lending and the manner in which the banks maintain a minimum cash balance. Hence, pair 1 is correctly matched.
- Self Help Groups are small groups, usually of 15 to 20 rural women, who pool their savings and give small loans to the members from the group corpus. After a period of regular saving the group becomes eligible for bank credit in the name of the group, which is then given to the members. Hence, pair 2 is correctly matched.
- Informal moneylenders are not registered with or regulated by the Reserve Bank of India and there is no organisation which supervises their credit activities. Hence, pair 3 is not correctly matched.
- Therefore, only two pairs are correctly matched.