{"id":246807,"date":"2026-07-03T18:21:16","date_gmt":"2026-07-03T12:51:16","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=246807"},"modified":"2026-07-03T18:21:20","modified_gmt":"2026-07-03T12:51:20","slug":"jaiib-ie-ifs-micro-finance-institution","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-micro-finance-institution\/","title":{"rendered":"Attempt JAIIB IE &amp; IFS Micro Finance Institutions Quiz &amp; Download PDF"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-micro-finance-institution\/#What_is_Micro_Finance\" >What is Micro Finance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-micro-finance-institution\/#Download_Micro_Finance_Institutions_Practice_Quiz_PDF\" >Download Micro Finance Institutions Practice Quiz PDF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-micro-finance-institution\/#Attempt_JAIIB_IE_IFS_Micro_Finance_Institutions_Quiz\" >Attempt JAIIB IE &amp; IFS Micro Finance Institutions Quiz<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-micro-finance-institution\/#Sign_Up\" >Sign Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-micro-finance-institution\/#Login\" >Login<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-micro-finance-institution\/#Forgot_Password\" >Forgot Password<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-micro-finance-institution\/#i\" >&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-micro-finance-institution\/#How_did_Micro_Finance_evolve_in_India\" >How did Micro Finance evolve in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-micro-finance-institution\/#What_is_the_Grameen_Bank_model\" >What is the Grameen Bank model?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-micro-finance-institution\/#Which_institutions_deliver_Micro_Finance_services\" >Which institutions deliver Micro Finance services?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-micro-finance-institution\/#What_are_Self_Help_Groups_SHGs\" >What are Self Help Groups (SHGs)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-micro-finance-institution\/#What_are_the_different_types_of_Micro_Finance_Institutions\" >What are the different types of Micro Finance Institutions?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-micro-finance-institution\/#What_is_a_Joint_Liability_Group_JLG\" >What is a Joint Liability Group (JLG)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-micro-finance-institution\/#What_is_a_Micro_Finance_loan\" >What is a Micro Finance loan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-micro-finance-institution\/#What_is_an_NBFC-MFI\" >What is an NBFC-MFI?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-micro-finance-institution\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>Preparing for the JAIIB Indian Economy &amp; Indian Financial System (IE &amp; IFS) exam requires a strong understanding of every important topic in the syllabus, and <strong>Micro Finance Institutions (MFIs)<\/strong> is one of them. Questions from this topic are frequently asked because it covers financial inclusion, Self Help Groups (SHGs), Joint Liability Groups (JLGs), NBFC-MFIs, and the role of NABARD in rural development. <\/p>\n\n\n\n<p>In this blog, we have covered all the important details about Micro Finance Institutions, along with a free PDF containing practice questions and answers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-micro-finance\"><span class=\"ez-toc-section\" id=\"What_is_Micro_Finance\"><\/span>What is Micro Finance?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Micro Finance refers to providing financial services to low-income households that have limited access to formal banking services. These services include small loans, savings, insurance, and other financial products. The main objective is to promote financial inclusion, reduce poverty, and improve the standard of living of economically weaker sections.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Particular<\/strong><\/td><td><strong>Details<\/strong><\/td><\/tr><tr><td>Meaning<\/td><td>Financial services for low-income households<\/td><\/tr><tr><td>Main Objective<\/td><td>Financial inclusion and poverty reduction<\/td><\/tr><tr><td>Target Customers<\/td><td>Low-income families and economically weaker sections<\/td><\/tr><tr><td>Services Offered<\/td><td>Small loans, savings, insurance, financial assistance<\/td><\/tr><tr><td>Annual Household Income Limit<\/td><td>Less than \u20b93 lakh<\/td><\/tr><tr><td>Security<\/td><td>Generally collateral-free loans<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-free-quizzes\/?ref=contac-jieifs-mfi-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Download JAIIB Free Quizzes<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Download_Micro_Finance_Institutions_Practice_Quiz_PDF\"><\/span>Download Micro Finance Institutions Practice Quiz PDF<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Strengthen your JAIIB IE &amp; IFS preparation with this <strong>Micro Finance Institutions Practice Quiz PDF<\/strong>. It includes <strong>50 important MCQs<\/strong> covering Micro Finance, Self Help Groups (SHGs), Joint Liability Groups (JLGs), Micro Finance Institutions (MFIs), NBFC-MFIs, the Grameen Bank model, NABARD initiatives, and other exam-relevant concepts, along with correct answers and detailed solutions.<\/p>\n\n\n\n<p class=\"has-text-align-center has-medium-font-size\"><strong><a href=\"https:\/\/www.oliveboard.in\/jaiib-ie-and-ifs-topic-wise-practice-quiz-pdf\/?ref=contac-jieifs-mfi-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Download PDF<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Attempt_JAIIB_IE_IFS_Micro_Finance_Institutions_Quiz\"><\/span>Attempt JAIIB IE &amp; IFS Micro Finance Institutions Quiz<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Test your understanding of <strong>Micro Finance Institutions<\/strong> with this practice quiz featuring important MCQs on Micro Finance, SHGs, JLGs, NBFC-MFIs, financial inclusion, NABARD initiatives, and other key concepts frequently asked in the exam.<\/p>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n<meta charset=\"UTF-8\">\n<link rel=\"stylesheet\" href=\"https:\/\/courses.oliveboard.in\/edge\/css\/login-modal-for-blog.css\">\n\n<style>\n#quiz-1-sticky-header {\n  position: sticky;\n  top: 0;\n  z-index: 100;\n  background: #1565c0;\n  color: #fff;\n  padding: 12px 20px;\n  border-radius: 10px 10px 0 0;\n  display: flex;\n  justify-content: space-between;\n  align-items: center;\n  font-size: 16px;\n  font-weight: bold;\n  box-shadow: 0 2px 8px rgba(0,0,0,0.2);\n  margin: -20px -20px 20px -20px;\n}\n\n#quiz-1-score-badge {\n  background: rgba(255,255,255,0.2);\n  padding: 4px 12px;\n  border-radius: 20px;\n  font-size: 15px;\n  white-space: nowrap;\n}\n#quiz-1 * { box-sizing: border-box; }\n\n#quiz-1 .quiz-container {\n  max-width: 700px;\n  margin: auto;\n  padding: 20px;\n  background: #fff;\n  border-radius: 14px;\n  box-shadow: 0 6px 16px rgba(0,0,0,0.12);\n}\n\n#quiz-1 h2 {\n  text-align: center;\n}\n\n#quiz-1 .question {\n  margin-bottom: 22px;\n}\n\n#quiz-1 .question p {\n  font-weight: bold;\n}\n\n#quiz-1 button {\n  width: 100%;\n  padding: 12px;\n  margin: 6px 0;\n  border: none;\n  border-radius: 6px;\n  background: #e0e0e0;\n  color: #000;\n  font-size: 16px;\n  cursor: pointer;\n}\n\n#quiz-1 button:hover {\n  background: #d5d5d5;\n}\n\n#quiz-1 button.correct {\n  background: #4caf50;\n  color: #000;\n}\n\n#quiz-1 button.wrong {\n  background: #f44336;\n  color: #000;\n}\n\n#quiz-1 button.locked {\n  pointer-events: none;\n}\n\n\/* SUMMARY *\/\n#quiz-1 .final-summary {\n  margin-top: 40px;\n  padding: 20px;\n  border-radius: 14px;\n  background: #fafafa;\n  border: 2px solid #4caf50;\n}\n\n#quiz-1 .final-summary h3 {\n  text-align: center;\n  margin-bottom: 20px;\n}\n\n#quiz-1 .summary-row {\n  display: grid;\n  grid-template-columns: 120px 1fr 40px;\n  gap: 10px;\n  align-items: center;\n  margin-bottom: 12px;\n  font-weight: bold;\n}\n\n#quiz-1 .summary-bar {\n  height: 14px;\n  background: #ddd;\n  border-radius: 10px;\n  overflow: hidden;\n}\n\n#quiz-1 .bar-fill {\n  height: 100%;\n  width: 0%;\n}\n\n#quiz-1 .bar-attempted { background: #2196f3; }\n#quiz-1 .bar-correct { background: #4caf50; }\n#quiz-1 .bar-wrong { background: #f44336; }\n#quiz-1 .bar-unattempted { background: #9e9e9e; width: 100%; }\n\n#quiz-1 .final-score {\n  text-align: center;\n  font-size: 22px;\n  margin-top: 20px;\n}\n\n#quiz-1 .score-value {\n  font-size: 30px;\n  margin-left: 8px;\n}\n<\/style>\n<\/head>\n\n<body>\n<div id=\"quiz-1\">\n  <div class=\"quiz-container\">\n<div id=\"quiz-1-sticky-header\">\n  <span> Practice JAIIB IE and IFS Quiz on Micro Finance Institutions <\/span>\n  <span id=\"quiz-1-score-badge\">Score: <strong id=\"quiz-1-score-value\">0.00<\/strong><\/span>\n<\/div>\n\n    <!-- QUESTIONS -->\n\n<div class=\"question\" data-answered=\"false\">\n  <p>1. What is the primary objective of Microfinance services?<\/p>\n  <button data-correct=\"false\">To provide large corporate loans to multinational companies<\/button>\n  <button data-correct=\"true\">To offer financial services to lower-income households and promote financial inclusion<\/button>\n  <button data-correct=\"false\">To regulate banking operations in urban areas<\/button>\n  <button data-correct=\"false\">To provide subsidies to government enterprises<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>2. As per RBI guidelines, a household is classified as a &#8216;lower income household&#8217; for microfinance purposes if its average annual income is:<\/p>\n  <button data-correct=\"false\">Below \u20b91 lakh<\/button>\n  <button data-correct=\"false\">Below \u20b92 lakh<\/button>\n  <button data-correct=\"true\">Below \u20b93 lakh<\/button>\n  <button data-correct=\"false\">Below \u20b95 lakh<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>3. Which of the following correctly defines a Microfinance Loan as per the official RBI definition?<\/p>\n  <button data-correct=\"false\">Any loan given by a bank to a corporate entity<\/button>\n  <button data-correct=\"true\">A collateral-free loan given to a household with annual income below \u20b93 lakh<\/button>\n  <button data-correct=\"false\">A loan given against gold or property to low-income individuals<\/button>\n  <button data-correct=\"false\">A government subsidy disbursed through post offices<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>4. Which of the following is NOT included in the definition of &#8216;household&#8217; for microfinance loan eligibility?<\/p>\n  <button data-correct=\"false\">The borrower<\/button>\n  <button data-correct=\"false\">The spouse of the borrower<\/button>\n  <button data-correct=\"false\">Unmarried children of the borrower<\/button>\n  <button data-correct=\"true\">Married siblings of the borrower<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>5. Microfinance is considered a key instrument for promoting which of the following?<\/p>\n  <button data-correct=\"false\">Foreign Direct Investment<\/button>\n  <button data-correct=\"true\">Financial Inclusion<\/button>\n  <button data-correct=\"false\">Export promotion<\/button>\n  <button data-correct=\"false\">Industrial development<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>6. The first phase of microfinance evolution in India was marked by the establishment of which department?<\/p>\n  <button data-correct=\"false\">Department of Financial Services<\/button>\n  <button data-correct=\"true\">Agriculture Credit Department set up by RBI<\/button>\n  <button data-correct=\"false\">NABARD&#8217;s SHG-Bank Linkage Programme<\/button>\n  <button data-correct=\"false\">Integrated Rural Development Programme<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>7. The Integrated Rural Development Programme (IRDP), a key initiative in the second phase of microfinance evolution in India, was launched in:<\/p>\n  <button data-correct=\"false\">1947-48<\/button>\n  <button data-correct=\"false\">1960 (around the 1960s era)<\/button>\n  <button data-correct=\"true\">1980-81<\/button>\n  <button data-correct=\"false\">1992-93<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>8. Which institution formally launched the Self Help Group \u2013 Bank Linkage Programme (SHG-BLP) in 1992?<\/p>\n  <button data-correct=\"false\">Reserve Bank of India<\/button>\n  <button data-correct=\"false\">SIDBI<\/button>\n  <button data-correct=\"true\">NABARD<\/button>\n  <button data-correct=\"false\">National Housing Bank<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>9. The main objective of the Integrated Rural Development Programme (IRDP) was:<\/p>\n  <button data-correct=\"false\">To provide housing loans to urban poor<\/button>\n  <button data-correct=\"true\">To give subsidised loans to self-employed people through the banking sector<\/button>\n  <button data-correct=\"false\">To establish cooperative banks in rural areas<\/button>\n  <button data-correct=\"false\">To create job reservations in government sector for BPL families<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>10. The third phase of microfinance development in India is best characterized by:<\/p>\n  <button data-correct=\"false\">Nationalization of commercial banks<\/button>\n  <button data-correct=\"true\">Launch of the SHG-Bank Linkage Programme by NABARD in 1992<\/button>\n  <button data-correct=\"false\">Establishment of Regional Rural Banks<\/button>\n  <button data-correct=\"false\">Introduction of the MUDRA scheme<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>11. The Grameen Bank Model was developed by:<\/p>\n  <button data-correct=\"false\">Dr. Manmohan Singh<\/button>\n  <button data-correct=\"true\">Professor Muhammad Yunus<\/button>\n  <button data-correct=\"false\">Amartya Sen<\/button>\n  <button data-correct=\"false\">Raghuram Rajan<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>12. The first Grameen Bank was established in 1983 in which country?<\/p>\n  <button data-correct=\"false\">India<\/button>\n  <button data-correct=\"false\">Nepal<\/button>\n  <button data-correct=\"true\">Bangladesh<\/button>\n  <button data-correct=\"false\">Sri Lanka<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>13. In the Grameen Bank Model, the group typically consists of how many members?<\/p>\n  <button data-correct=\"false\">2 to 5 members<\/button>\n  <button data-correct=\"true\">5 members<\/button>\n  <button data-correct=\"false\">10 to 20 members<\/button>\n  <button data-correct=\"false\">20 to 30 members<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>14. A unique feature of the Grameen Bank Model is that loans are given:<\/p>\n  <button data-correct=\"false\">Only against property as collateral<\/button>\n  <button data-correct=\"false\">Only to women borrowers with two guarantors<\/button>\n  <button data-correct=\"true\">On the basis of trust without any formal agreements or documents<\/button>\n  <button data-correct=\"false\">Only through digital banking channels<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>15. In the Grameen Bank Model, the liability for loan repayment rests:<\/p>\n  <button data-correct=\"false\">Only on the group as a whole (joint liability)<\/button>\n  <button data-correct=\"false\">Only on the group leader<\/button>\n  <button data-correct=\"true\">Individually on each member of the group<\/button>\n  <button data-correct=\"false\">On the bank itself as a co-borrower<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>16. A Self Help Group (SHG) is typically an informal group comprising:<\/p>\n  <button data-correct=\"false\">5 members from different states<\/button>\n  <button data-correct=\"true\">10 to 20 individuals from a homogeneous socio-economic background<\/button>\n  <button data-correct=\"false\">Exactly 25 members from the same bank branch<\/button>\n  <button data-correct=\"false\">Members from both urban and rural areas mixed together<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>17. Why is the membership of a Self Help Group generally kept below 20?<\/p>\n  <button data-correct=\"false\">Because banks can only finance up to 20 members<\/button>\n  <button data-correct=\"true\">Because SHGs with more than 20 members must mandatorily register under law<\/button>\n  <button data-correct=\"false\">Because RBI restricts SHG size to 20 for audit purposes<\/button>\n  <button data-correct=\"false\">Because NABARD does not fund SHGs with more than 20 members<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>18. Members of a Self Help Group voluntarily save money to create what kind of fund?<\/p>\n  <button data-correct=\"false\">Dividend fund<\/button>\n  <button data-correct=\"false\">Provident fund<\/button>\n  <button data-correct=\"true\">Corpus amount (common pool of savings)<\/button>\n  <button data-correct=\"false\">Reserve capital fund<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>19. Ideally, members of a Self Help Group should belong to which income category?<\/p>\n  <button data-correct=\"false\">Above Poverty Line (APL) only<\/button>\n  <button data-correct=\"false\">Middle income group<\/button>\n  <button data-correct=\"true\">Below Poverty Line (BPL) preferably<\/button>\n  <button data-correct=\"false\">No income category restriction exists<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>20. What is the maximum permissible percentage of Above Poverty Line (APL) members in a Self Help Group in exceptional cases?<\/p>\n  <button data-correct=\"false\">10%<\/button>\n  <button data-correct=\"true\">20%, and in exceptional cases up to 30%<\/button>\n  <button data-correct=\"false\">40%<\/button>\n  <button data-correct=\"false\">50%<\/button>\n<\/div>\n\n\n    <!-- FINAL SUMMARY -->\n    <div class=\"final-summary\">\n      <h3>Quiz Summary <\/h3>\n\n      <div class=\"summary-row\">\n        <span>Attempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-attempted\" data-summary=\"attempted\"><\/div><\/div>\n        <span data-count=\"attempted\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Correct<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-correct\" data-summary=\"correct\"><\/div><\/div>\n        <span data-count=\"correct\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Wrong<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-wrong\" data-summary=\"wrong\"><\/div><\/div>\n        <span data-count=\"wrong\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Unattempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-unattempted\" data-summary=\"unattempted\"><\/div><\/div>\n        <span data-count=\"unattempted\">0<\/span>\n      <\/div>\n\n      <div class=\"final-score\">\n        Final Score: <span class=\"score-value\" data-score>0.0<\/span>\n      <\/div>\n    <\/div>\n\n  <\/div>\n<\/div>\n<div class=\"modal modal-obls\" id=\"modal-signup\">\n        <div class=\"modal-background\"><\/div>\n        <div class=\"modal-content\">\n           <div class=\"obls-group\" id=\"obls-group1\">\n               <div class=\"obls-blk\">\n                   <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/img-delivery.svg\" alt=\"\"><\/span>\n                   <h2 id=\"display-register-text\"><span class=\"ez-toc-section\" id=\"Sign_Up\"><\/span>Sign Up<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                   <div class=\"loginas-group loginas-group1 loginas-group-single\">\n <div id=\"g_id_onload\" data-client_id=\"506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com\" ,=\"\" data-use_fedcm_for_prompt=\"true\" data-callback=\"handleOnetapResponse\">\n    <\/div>\n    <div class=\"g_id_signin\" data-type=\"standard\"><div class=\"S9gUrf-YoZ4jf\" style=\"position: relative;\"><div><\/div><iframe src=\"https:\/\/accounts.google.com\/gsi\/button?type=standard&amp;is_fedcm_supported=true&amp;client_id=506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com&amp;iframe_id=gsi_437394_8652&amp;cas=pwXumGxyCMNtIbjaV30qchi2A1vUar%2Faz%2FOE5HQ%2B0Zc\" class=\"L5Fo6c-PQbLGe\" allow=\"identity-credentials-get\" id=\"gsi_437394_8652\" title=\"Sign in with Google Button\" style=\"display: block; position: 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7.18l7.73 6c4.51-4.18 7.09-10.36 7.09-17.65z\"><\/path><path fill=\"#FBBC05\" d=\"M10.53 28.59c-.48-1.45-.76-2.99-.76-4.59s.27-3.14.76-4.59l-7.98-6.19C.92 16.46 0 20.12 0 24c0 3.88.92 7.54 2.56 10.78l7.97-6.19z\"><\/path><path fill=\"#34A853\" d=\"M24 48c6.48 0 11.93-2.13 15.89-5.81l-7.73-6c-2.15 1.45-4.92 2.3-8.16 2.3-6.26 0-11.57-4.22-13.47-9.91l-7.98 6.19C6.51 42.62 14.62 48 24 48z\"><\/path><path fill=\"none\" d=\"M0 0h48v48H0z\"><\/path><\/g><\/svg><\/div><span class=\"nsm7Bb-HzV7m-LgbsSe-BPrWId\">Sign in with Google<\/span><span class=\"L6cTce\" id=\"button-label\">Sign in with Google. Opens in new tab<\/span><\/div><\/div><\/div><iframe src=\"https:\/\/accounts.google.com\/gsi\/button?type=standard&amp;is_fedcm_supported=true&amp;client_id=506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com&amp;iframe_id=gsi_437400_306436&amp;cas=pwXumGxyCMNtIbjaV30qchi2A1vUar%2Faz%2FOE5HQ%2B0Zc\" class=\"L5Fo6c-PQbLGe\" allow=\"identity-credentials-get\" id=\"gsi_437400_306436\" title=\"Sign in with Google Button\" style=\"display: block; position: relative; top: 0px; left: 0px; height: 0px; width: 0px; border: 0px;\"><\/iframe><\/div><\/div>\n\n\n                   <\/div>\n                    <p class=\"obls-footer\">New to Oliveboard?<button class=\"btn btn-xs btn-switch-obls\" id=\"btn-show-modal-signup\">Register<\/button><\/p>\n               <\/div> \n            <\/div> \n            <div class=\"success-msg-group\" id=\"success-msg-group\"><!-- success msg -->\n                <div class=\"success-msg-blk\" id=\"success-msg-blk\">\n                    <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/success-ellipse.svg\" alt=\"\"><\/span>\n                    <h2 id=\"fpwd-success-msg-title\"><span class=\"ez-toc-section\" id=\"i\"><\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                    <p id=\"fpwd-success-msg-text\">&nbsp;<\/p>\n                    <div class=\"login-btn\">\n                        <button type=\"button\" class=\"btn btn-md btn-tblue modal-obls-close\">Ok<\/button>\n                    <\/div>\n\n                <\/div>\n            <\/div><!-- success msg -->\n\n        <\/div>\n        <button class=\"modal-close is-large modal-obls-close\" aria-label=\"close\"><\/button>\n    <\/div>\n\n<script src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/sg2.oliveboard.in\/static\/js\/jquery.js\"><\/script>\n\n<script>\nvar boxurl = window.location.href + '?log=1';\n\nfunction getUrlParam(name, defaultValue) {\n    const params = new URLSearchParams(window.location.search);\n    return params.has(name) ? params.get(name) : defaultValue;\n}\n\nvar l_log = getUrlParam('log', 0);\n<\/script>\n<script src=\"https:\/\/www.oliveboard.in\/js\/coursecommon.js?v=12\"><\/script>\n\n\n<script>\n(() => {\n  const quizContainer = document.getElementById('quiz-1');\n  const STORAGE_KEY = 'quiz_1_state';\n  let score = 0;\n  let attempted = 0;\n  let correct = 0;\n  let wrong = 0;\n\n  const questions = quizContainer.querySelectorAll(\".question\");\n  const total = questions.length;\n\n  function loadState() {\n    try { return JSON.parse(sessionStorage.getItem(STORAGE_KEY) || '{}'); }\n    catch { return {}; }\n  }\n\n  function saveState(data) {\n    sessionStorage.setItem(STORAGE_KEY, JSON.stringify(data));\n  }\n\n  function updateUI() {\n    const unattempted = total - attempted;\n    quizContainer.querySelector('[data-count=\"attempted\"]').textContent = attempted;\n    quizContainer.querySelector('[data-count=\"correct\"]').textContent = correct;\n    quizContainer.querySelector('[data-count=\"wrong\"]').textContent = wrong;\n    quizContainer.querySelector('[data-count=\"unattempted\"]').textContent = unattempted;\n    quizContainer.querySelector('[data-summary=\"attempted\"]').style.width = (attempted \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"correct\"]').style.width = (correct \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"wrong\"]').style.width = (wrong \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"unattempted\"]').style.width = (unattempted \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-score]').textContent = score.toFixed(2);\n\n    \/\/ Live score update in sticky header\n    document.getElementById('quiz-1-score-value').textContent = score.toFixed(2);\n  }\n\n  function restoreQuestion(q, chosenIndex, wasCorrect) {\n    q.dataset.answered = \"true\";\n    const buttons = q.querySelectorAll(\"button\");\n    buttons.forEach(b => b.classList.add(\"locked\"));\n    if (wasCorrect) {\n      buttons[chosenIndex].classList.add(\"correct\");\n    } else {\n      buttons[chosenIndex].classList.add(\"wrong\");\n      q.querySelector(\"[data-correct='true']\").classList.add(\"correct\");\n    }\n  }\n\n  \/\/ Restore saved answers on page load\n  const savedAnswers = loadState();\nquestions.forEach((q, qIndex) => {\n    const saved = savedAnswers[qIndex];\n    if (saved !== undefined) {\n      attempted++;\n      if (saved.correct) { correct++; }\n      else { wrong++; }\n      restoreQuestion(q, saved.chosenIndex, saved.correct);\n    }\n  });\n  score = parseFloat((correct * 1 - wrong * 0.0).toFixed(2));\n  updateUI();\n\n  \/\/ Attach click handlers\n  questions.forEach((q, qIndex) => {\n    q.querySelectorAll(\"button\").forEach((btn, btnIndex) => {\n      btn.addEventListener(\"click\", () => {\n        if (q.dataset.answered === \"true\") return;\n        q.dataset.answered = \"true\";\n        attempted++;\n\n        if (attempted > 9 && l_log == 0) {\n          $('#modal-signup').addClass('is-active');\n        }\n\n        q.querySelectorAll(\"button\").forEach(b => b.classList.add(\"locked\"));\n        const isCorrect = btn.dataset.correct === \"true\";\n\n if (isCorrect) {\n          btn.classList.add(\"correct\");\n          correct++;\n        } else {\n          btn.classList.add(\"wrong\");\n          wrong++;\n          q.querySelector(\"[data-correct='true']\").classList.add(\"correct\");\n        }\n        score = parseFloat((correct * 1 - wrong * 0.00).toFixed(2));\n\n        savedAnswers[qIndex] = { chosenIndex: btnIndex, correct: isCorrect };\n        saveState(savedAnswers);\n        updateUI();\n      });\n    });\n  });\n\n  updateUI();\n})();\n<\/script>\n\n<\/body>\n<\/html>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/jaiib\/?ref=contac-jieifs-mfi-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Join the JAIIB Online Course now<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-did-micro-finance-evolve-in-india\"><span class=\"ez-toc-section\" id=\"How_did_Micro_Finance_evolve_in_India\"><\/span>How did Micro Finance evolve in India?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The development of Micro Finance in India took place gradually through several government initiatives and institutional support. Over the years, different programmes were introduced to improve rural credit and provide financial assistance to poor households.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Phase<\/strong><\/td><td><strong>Development<\/strong><\/td><\/tr><tr><td>First Phase<\/td><td>Agriculture Credit Department established by the Reserve Bank of India to promote rural credit<\/td><\/tr><tr><td>Second Phase<\/td><td>Integrated Rural Development Programme (IRDP) introduced to provide subsidized loans through banks<\/td><\/tr><tr><td>Third Phase<\/td><td>NABARD launched the Self Help Group-Bank Linkage Programme (SHG-BLP) in 1992<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-grameen-bank-model\"><span class=\"ez-toc-section\" id=\"What_is_the_Grameen_Bank_model\"><\/span>What is the Grameen Bank model?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Grameen Bank model is one of the most successful microfinance models in the world. It was developed by Professor Muhammad Yunus to provide collateral-free loans to poor borrowers through small groups based on mutual trust.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Developed by Professor Muhammad Yunus.<\/li>\n\n\n\n<li>First introduced in Bangladesh.<\/li>\n\n\n\n<li>Loans are provided without collateral.<\/li>\n\n\n\n<li>Small groups generally consist of five members.<\/li>\n\n\n\n<li>Members are responsible for timely loan repayment.<\/li>\n\n\n\n<li>Lending is based mainly on trust rather than formal security.<\/li>\n\n\n\n<li>Promotes self-employment and entrepreneurship.<\/li>\n<\/ul>\n\n\n\n<p><strong>Also: Check out the detailed <a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-syllabus\/?ref=contac-jieifs-mfi-pq\" target=\"_blank\" rel=\"noreferrer noopener\">JAIIB IE and IFS Syllabus<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-which-institutions-deliver-micro-finance-services\"><span class=\"ez-toc-section\" id=\"Which_institutions_deliver_Micro_Finance_services\"><\/span>Which institutions deliver Micro Finance services?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Micro Finance services are delivered through different institutions that work towards providing financial assistance to economically weaker sections. Each institution plays an important role in increasing access to banking services.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Institution<\/strong><\/td><td><strong>Role<\/strong><\/td><\/tr><tr><td>Self Help Groups (SHGs)<\/td><td>Provide savings and internal lending among members<\/td><\/tr><tr><td>Micro Finance Institutions (MFIs)<\/td><td>Provide specialized microfinance services<\/td><\/tr><tr><td>Joint Liability Groups (JLGs)<\/td><td>Offer collateral-free loans with joint responsibility<\/td><\/tr><tr><td>Banks<\/td><td>Finance SHGs, JLGs, and MFIs<\/td><\/tr><tr><td>NABARD<\/td><td>Promotes and supports Micro Finance initiatives<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-self-help-groups-shgs\"><span class=\"ez-toc-section\" id=\"What_are_Self_Help_Groups_SHGs\"><\/span>What are Self Help Groups (SHGs)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A Self Help Group is an informal group of people belonging to similar social and economic backgrounds who regularly save money and provide loans to members whenever required. SHGs are considered one of the most successful models for financial inclusion in India.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Usually consist of <strong>10 to 20 members<\/strong>.<\/li>\n\n\n\n<li>Members generally belong to similar socio-economic backgrounds.<\/li>\n\n\n\n<li>Most members are from Below Poverty Line (BPL) families.<\/li>\n\n\n\n<li>Members contribute regular savings.<\/li>\n\n\n\n<li>A common corpus fund is created.<\/li>\n\n\n\n<li>Loans are provided from the common fund.<\/li>\n\n\n\n<li>Banks also provide loans to eligible SHGs through the SHG-Bank Linkage Programme.<\/li>\n<\/ul>\n\n\n\n<p><strong>Also Check: <a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-and-ifs-module-wise-study-guide\/?ref=contac-jieifs-mfi-pq\" target=\"_blank\" rel=\"noreferrer noopener\">JAIIB IE and IFS Mind Map PDF<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-different-types-of-micro-finance-institutions\"><span class=\"ez-toc-section\" id=\"What_are_the_different_types_of_Micro_Finance_Institutions\"><\/span>What are the different types of Micro Finance Institutions?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Micro Finance Institutions are established under different legal structures depending on their objectives and operational model. Among them, NBFC-MFIs are the only category regulated by the Reserve Bank of India.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Type<\/strong><\/td><td><strong>Description<\/strong><\/td><td><strong>Regulated by RBI<\/strong><\/td><\/tr><tr><td>Not-for-Profit MFIs<\/td><td>Registered under the Societies Registration Act, 1860<\/td><td>No<\/td><\/tr><tr><td>Mutual Benefit MFIs<\/td><td>Operate under Cooperative Society laws<\/td><td>No<\/td><\/tr><tr><td>NBFC-MFIs<\/td><td>Non-Banking Financial Companies providing Micro Finance<\/td><td>Yes<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-a-joint-liability-group-jlg\"><span class=\"ez-toc-section\" id=\"What_is_a_Joint_Liability_Group_JLG\"><\/span>What is a Joint Liability Group (JLG)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A Joint Liability Group is a small group of individuals from the same village or locality who jointly borrow loans from banks without providing collateral. Every member shares responsibility for loan repayment.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Usually consists of <strong>4 to 10 members<\/strong>.<\/li>\n\n\n\n<li>Members belong to the same village or locality.<\/li>\n\n\n\n<li>Similar social and economic background.<\/li>\n\n\n\n<li>Loans are collateral-free.<\/li>\n\n\n\n<li>Members share repayment responsibility.<\/li>\n\n\n\n<li>Suitable for borrowers requiring larger loans.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/jaiib-previous-year-papers\/?ref=contac-jieifs-mfi-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt JAIIB Previous Year Papers Today!<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-a-micro-finance-loan\"><span class=\"ez-toc-section\" id=\"What_is_a_Micro_Finance_loan\"><\/span>What is a Micro Finance loan?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A Micro Finance loan is a collateral-free loan provided to low-income households for income-generating activities and livelihood improvement. These loans help borrowers become financially independent.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Particular<\/strong><\/td><td><strong>Details<\/strong><\/td><\/tr><tr><td>Loan Type<\/td><td>Collateral-free<\/td><\/tr><tr><td>Eligible Household Income<\/td><td>Less than \u20b93 lakh annually<\/td><\/tr><tr><td>Purpose<\/td><td>Income generation and livelihood support<\/td><\/tr><tr><td>Beneficiaries<\/td><td>Low-income households<\/td><\/tr><tr><td>Household Includes<\/td><td>Husband, wife, and unmarried children<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Also Check: <a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-and-ifs-study-material\/?ref=contac-jieifs-mfi-pq\" target=\"_blank\" rel=\"noreferrer noopener\">JAIIB IE and IFS Study Material<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-an-nbfc-mfi\"><span class=\"ez-toc-section\" id=\"What_is_an_NBFC-MFI\"><\/span>What is an NBFC-MFI?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>An NBFC-MFI is a specialized Non-Banking Financial Company that primarily provides Micro Finance loans. It is regulated by the Reserve Bank of India and must follow specific regulatory guidelines.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Registered as Non-Banking Financial Companies.<\/li>\n\n\n\n<li>Regulated by the Reserve Bank of India.<\/li>\n\n\n\n<li>Primarily engaged in Micro Finance lending.<\/li>\n\n\n\n<li>Provide collateral-free loans.<\/li>\n\n\n\n<li>Support financial inclusion in rural and semi-urban areas.<\/li>\n\n\n\n<li>Focus on lending to economically weaker households.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1783076425416\"><strong class=\"schema-faq-question\">1. What is Micro Finance?<\/strong> <p class=\"schema-faq-answer\">Micro Finance refers to financial services such as small loans and savings provided to low-income households.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1783076427038\"><strong class=\"schema-faq-question\">2. Who is eligible for a Micro Finance loan?<\/strong> <p class=\"schema-faq-answer\">Households with an annual income of less than \u20b93 lakh are generally eligible for Micro Finance loans.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1783076428088\"><strong class=\"schema-faq-question\">3. Are Micro Finance loans collateral-free?<\/strong> <p class=\"schema-faq-answer\">Yes, Micro Finance loans are generally provided without any collateral.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1783076428653\"><strong class=\"schema-faq-question\">4. What is the full form of SHG?<\/strong> <p class=\"schema-faq-answer\">SHG stands for Self Help Group.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1783076429242\"><strong class=\"schema-faq-question\">5. How many members are usually there in a Self Help Group?<\/strong> <p class=\"schema-faq-answer\">A Self Help Group generally consists of 10 to 20 members.<\/p> <\/div> <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-banking-structure\/\">Attempt JAIIB IE &amp; IFS Banking Structure Quiz &amp; Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-micro-finance-institution\/\">Attempt JAIIB IE &amp; IFS Micro Finance Institutions Quiz &amp; Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-rbwm-study-material\/\">JAIIB RBWM Study Material, Download Notes and Quiz PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-study-material\/\">JAIIB AFM Study Material, Download Notes and Quiz PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ppb-study-material\/\">JAIIB PPB Study Material, Download Notes and Quiz PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-and-ifs-study-material\/\">JAIIB IE &amp; IFS Study Material, Download Notes and Quiz PDF<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Preparing for the JAIIB Indian Economy &amp; Indian Financial System (IE &amp; IFS) exam requires a strong understanding of every<\/p>\n","protected":false},"author":58,"featured_media":246823,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10353],"tags":[],"class_list":["post-246807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jaiib","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Attempt JAIIB IE &amp; IFS Micro Finance Institutions Quiz &amp; Download PDF<\/title>\n<meta name=\"description\" content=\"Prepare for the JAIIB exam with our Micro Finance Institutions quiz. 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