Tag: funding and assistance to small businesses

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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 statements is true or false?
a) NABARD takes up all the functions performed by RBI with regard to rural credit
b) NABARD provides credit directly to rural people

  1. both (a) and (b) are correct

  2. both (a) and (b) are false

  3. (a) is true, (b) is false

  4. (a) is false, (b) is true
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

NABARD stands for National Bank for Agriculture And Rural Development. The bank has been entrusted with matters concerning policy and planning related to agriculture and rural development. It replaced the Rural Planning and Credit Cell (RPCC) of RBI.

NBARD is an apex institution and hence doesn't directly directly finance farmers and other rural people.

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 came into existence in ____.

  1. 1975

  2. 1980

  3. 1982

  4. 1985
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

NABARD was established to implement the National Bank for Agriculture and Rural Development Act, 1981. It is an apex development financial institution of India. Its headquarter is located in Mumbai, with branches all over the country.

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 was established by the Government of ________.

  1. U.S.A.

  2. Sri Lanka

  3. Pakistan

  4. India
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

NABARD is the apex development and financial institution of India. It was established by government of India for development of agriculture and rural development in rural parts of India.

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 functions of NABARD have been divided into _______.

  1. 2 categories

  2. 3 categories

  3. 4 categories

  4. 5 categories
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The functions of NABARD has been divides into 3 categories namely- Distribution, development and regulatory. It is entrusted with matters of concerning policy, planning and operations in the field of credit for agriculture and other economic activities for rural 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

Which of the following is a developmental functions of NABARD?

  1. It inspects the working of RRBs and Cooperative banks of all types

  2. It provides long-term credit to State Land Development Banks

  3. It provides short term credit to state cooperative banks, RRB's and other financial institutions

  4. It acts as an agent of Government and RBI for monitoring work in agricultural related areas
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

NABARD has taken over the refinancing from the RBI with respect of state cooperative banks and regional rural banks. It is an apex organisation with respect to all the rural developmental activities. Hence, it plays as an agent of government and RBI by refinancing and giving agricultural credit. 

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

Small Industries Development Bank of India is created by _______.

  1. RBI

  2. IDBI

  3. IFCI

  4. IBRD
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

SIDBI was established in 1990 to cater to the financial needs and growth and development of micro, small and medium scale enterprises. It is an important pillar of Indian economy as it contributes greatly to the growth of the same.

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 for investment in the following activities.
I. Minor irrigation
II. Land development
III. Soil Conservation
IV. Dairy development
Which of the following are correct?

  1. I, II and III are correct

  2. II, III and IV are correct

  3. I, II and IV are correct

  4. All are correct
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

All the mentioned activities contribute to the economical and agricultural development of rural areas. This helps the rural community to earn their livelihood leading to greater standard of living. NABARD provides refinance for the investment in such activities. 

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

Khusro Committee is associated with _______.

  1. RRBs

  2. RBI

  3. NABARD

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

Khusro Committee is also known as Agricultural Review Committee which was established in 1989. The function of Khusro committee under the chairmanship of Prof. A.M. Khusro was to examine the problems of agricultural and rural credits, measure the structural and operational deficiencies and recommend major systematic improvements.

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 has set up a technology bureau for SSI units in ________.

  1. Kolkatta

  2. New Delhi

  3. Mumbai

  4. Chennai
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The SIDBI has set up a technology bureau for SSI units in New Delhi.

The Technology Bureau for Small Enterprises (TBSE) provides a platform where small enterprises can tap opportunities at the global level for acquisition of technology or establish business collaboration. Resulting from the joint initiative of the United Nations' Asian and Pacific Centre for Transfer of Technology (APCTT) and Small Industries Development Bank of India (SIDBI) it represents, under one roof, synergy of technology and finance.
TBSE also receives partial funding from the Office of DC(SSI), Government of India.

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 principal financial institution for the promotion, financing and development of small scale industries is ________.

  1. SIDBI

  2. SFCs

  3. EXIM Bank

  4. IRBI
Reveal answer Fill a bubble to check yourself
A 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.