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      Question

      In financial inclusion and priority sector lending term

      JLG is frequently used. What does L represent in JLG?
      A Liquidity Correct Answer Incorrect Answer
      B Liability Correct Answer Incorrect Answer
      C Legal Correct Answer Incorrect Answer
      D Locality Correct Answer Incorrect Answer
      E Language Correct Answer Incorrect Answer

      Solution

      Joint Liability Group (JLG) is a group of 4-10 people of same village/locality of homogenous nature and of same Socio Economic Background who mutually come together to form a group for the purpose of availing loan from a bank without any collateral.

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