Tag: privileges and other promotional measures for msmes

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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

Promotion of employment-oriented industries is one of the objectives of SIDBI.

  1. True

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

True

In the setting up of SIDBI, the main purpose of the government was to ensure larger flow of assistance to the small-scale units. To meet this objective, the immediate thrust of the SIDBI was on the following measures:

(i) initiating steps for technological upgradation and modernisation of existing units;

(ii) expanding the channels for marketing the products of the small scale sector; and

(iii) promotion of employment-oriented industries, especially in semi- urban areas to create more employ­ment opportunities and thereby checking migration of population to urban areas.

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 _____________ scheme of NABARD that lets the farmers sell their produce at a fair price by retaining their farm produce till the market prices become favorable.

  1. Dairy Entrepreneurship Development Scheme

  2. Solar Schemes

  3. Agricultural and Marketing Infrastructure, Grading and Standardization

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

The Rural Godowns scheme of NABARD that lets the farmers sell their produce at a fair price by retaining their farm produce till the market prices become favorable

The main objectives of the scheme include creation of scientific storage capacity with allied facilities in rural areas to meet the requirements of farmers for storing farm produce, processed farm produce, consumer articles and agricultural inputs; promotion of grading, standardization and quality control of agricultural produce to improve their marketability; prevention of distress sale immediately after harvest, promotion of pledge financing and marketing credit and to strengthen agricultural marketing infrastructure in the country for the introduction of a national system of warehouse receipts in respect of agricultural commodities stored in such godowns. However, the materials used and design of the godown would depend upon the produce proposed to be stored.

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

The loan provided under Mahila Bachat Gat is as low as ____.

  1. 0%

  2. 5%

  3. 2%

  4. 3%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Mahila Bachat Gat (Women's Savings Groups) initiatives typically offer low-interest loans to encourage self-employment, with 2% being the commonly cited rate for these specific schemes.

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

Which of the following is the bank that is a part of MDM Bachat Gat?

  1. MDMBGF

  2. MDMSB

  3. MVSS

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

MDMSB stands for the specific banking entity associated with the MDM Bachat Gat program in the context of these specific micro-finance schemes.

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

Micro, small and medium Enterprises play an important role in a country's economic and industrial development that is
(1) They have the capacity to absorb skilled and unskilled labour available in the country.
(2) Such institution provide lots of employment and allow income to get concentrated in few hands or in few areas.
(3)They help in eradication of poverty by providing self-employment opportunities.
Select the most appropriate  

  1. Only (1)

  2. Only (2)

  3. Only (3)

  4. Only (1) & (3)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

MSMEs are known for their capacity to absorb labor (1) and help in poverty eradication (3). Statement (2) is incorrect because MSMEs are specifically intended to prevent the concentration of income in a few hands, rather than promote it.

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

Choose the project initiated by Dr. Mohammad Yunus in Chitagaon University to support landless poor women to promote self-employment.

  1. Mahila Bachat Bank

  2. Gramin Bank

  3. Micro-Finance Bank

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation
Gramin Bank s a microfinance organisation and community development bank founded in Bangladesh. It makes small loans (known as microcredit or "gramincredit") to the impoverished without requiring collateral.

Gramin Bank originated in 1976, in the work of Professor Muhammad Yunus at University of Chittagong, who launched a research project to study how to design a credit delivery system to provide banking services to the rural poor. In October 1983 the Grameen Bank was authorised by national legislation to operate as an independent bank
Multiple choice commerce micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes

Under Mahila Bachat Gat, individual loans are given upto Rs 25,000.

  1. True

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

The loan limit for individual members under the Mahila Bachat Gat scheme is generally higher than Rs 25,000, making the statement that it is 'upto Rs 25,000' false.

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

One of the leading objectives of Mahila Bachat Gat is ___________.

  1. to extend assistance to the Government and RBI

  2. initiating steps for technological upgradation and modernisation of existing units

  3. providing grants of Rs 75,000 to each small business units for obtaining ISO 9000 certification

  4. income generation for low-income group women
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Mahila Bachat Gat (Women's Savings Groups) are primarily microfinance initiatives designed to empower women through collective savings and credit. Their main objective is to foster financial independence and income generation for women in low-income groups.

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

Under Mahila Bachat Gat, loan against gold is provided for the duration of ___.

  1. 2 years

  2. 6 month

  3. 8 months

  4. 1 year
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Mahila Bachat Gat schemes typically offer short-term loans against gold to provide immediate liquidity to members. The standard duration for such loans is generally one year.

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

Active participation in village education committee is one of the social responsibilities of Mahila Bachat Gat.

  1. True

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

Mahila Bachat Gat groups are encouraged to participate in local governance and social development initiatives. Active involvement in village education committees is considered a key social responsibility for these groups.