Tag: funding and assistance to small businesses

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Multiple choice world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

The term 'ISO' stands for ______________.

  1. International Organisation for Standardisation

  2. International Standardisation for Organisation

  3. Indian Standard Organisation

  4. International Standards for Organisations
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

ISO stands for the International Organization for Standardization. It is an independent, non-governmental international organization that develops standards to ensure the quality, safety, and efficiency of products and services.

Multiple choice world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

The world bank was set  up for the reconstruction of war-effected economies of Europe.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The World Bank was created at the 1944 Bretton Woods Conference along with the International Monetary Funds (IMF). The intention behind the founding of the World Bank was to provide temporary loans to low-income countries and reconstruction of war-effected economies of Europe.

Multiple choice world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

The world bank diverted their resources to _______  & ________ for the underdeveloped nations.

  1. infrastructure, finance

  2. industrial, agriculture

  3. import, export

  4. neither of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The world bank diverted their resources to industrial and agricultural help for the underdeveloped nations. Industrial and agricultural situations are the primary base to the development of an underdeveloped nation.

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

What is/are the fund(s) for start-ups that SIDBI have been managing?

  1. Fund of Funds for Start-ups

  2. ASPIRE Fund

  3. India Aspiration Fund

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

SIDBI (Small Industries Development Bank of India) manages various funds to support startups, including the Fund of Funds for Start-ups, the ASPIRE Fund, and the India Aspiration Fund.

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

Which of the following committees recommended the establishment of NABARD?

  1. CRAFICARD

  2. Royal Commission

  3. Jha Committee

  4. Tandon Committee
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Committee to Review Arrangements for Institutional Credit for Agriculture and Rural  Development (CRAFICARD) under the chairmanship of  B. Sivaraman, also known as Sivaraman committee recommended the establishment of NABARD.

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

NABARD provides refinance assistance to ___________.

  1. state land development banks

  2. scheduled commercial banks

  3. regional rural banks and state co-operative banks

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

National Bank for Agriculture and Development  is the apex bank which is concerned with the planning, policy and operations for development of rural areas of India.  Above mentioned banks help the rural communities to undertake agricultural and farming activities by providing loans, hence NABARD provides refinance assistance to such banks  for better economical development.

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

The SIDBI is a wholly owned subsidiary of the _________.

  1. RBI

  2. IBRD

  3. IDBI

  4. IRBI
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The SIDBI (Small Industries Development Bank of India) is a wholly owned subsidiary of IDBI (Industrial Development Bank of India), established under the special Act of the Parliament 1988 which became operative from April 2, 1990. SIDBI was made responsible for administering Small Industries Development Fund and National Equity Fund that were administered by IDBI before.  SIDBI is the Primary Financial Institution for promoting, developing and financing MSME (Micro, Small and Medium Enterprise) sector