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RBI Gr B | NABARD Gr A | SEBI Gr A

LECTURE

5 MCQs a Day

2018-19

ESI

MSMEs & relatedInitiatives

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5 MCQs a Day

SEBI GRADE A 2018

RBI GRADE B 2019

Phase 2

Phase 2

IBPS AFO 2018-19

RBI Gr B 2019 + NABARD Gr A 2019 combo

RBI Gr B 2019 + SEBI Gr A 2018 combo

NABARD GRADE A 2019

Phase 1 and Phase 2

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Our results

27 got selected in the final listRBI Gr B 2017

Fast Track series for RBI Gr B and NABARD Gr A 2019

NABARD Gr A 201820 got selected in the final list

(Total generalist seats – 46)

RBI Gr B 2018 220 selections is Phase 2

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TOPIC

5 MCQs a Day

MSMEs & relatedInitiatives

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5 MCQs a DayTopic

Q.1) Support & Outreach Programme recently launched by Prime Minister is related to which of the following?

[1] MSME sector

[2] Organic Farming

[3] Startups

[4] Cottage Industries

[5] Human trafficking victims

MSME & related initiatives

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ExplanationTopic MSME & related initiatives

➢ The Prime Minister Shri Narendra Modi has launched the Micro, Small and Medium Enterprises (MSME) Supportand Outreach Programme on 2nd November 2018

➢ The Programme will run for 100 days covering 100 Districts throughout the country

➢ Various Central Ministers are likely to visit these districts in order to apprise the entrepreneurs about variousfacilities being extended to MSME Sector by the Government and financial institutions and to come forward andmake best use of these facilities including access to credit and market, etc

➢ It is expected that this Outreach Programme will help in further boosting the MSME sector since this sector is oneof the major generator of employment opportunities and making a significant contribution to the overall growthof the economy

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Q.2) Which of the following is not a key aspect for the facilitation of the MSME Sector as announced under

the support and outreach programme?

[1] Access to market

[2] Access to credit

[3] Tax incentives

[4] Technology upgradation

[5] Ease of Doing Business

Topic MSME & related initiatives

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ExplanationTopic MSME & related initiatives

➢ As announced by the Prime Minister at the launching of the Support and Outreach Programme , there are five keyaspects for facilitating the MSME sector

➢ These include :1. access to credit2. access to market3. technology upgradation4. ease of doing business5. social security for employees

➢ 12 decisions have been announced by the Prime Minister to mark a new chapter for the MSME sector

✓ MSMEs are one of the principal employment generators in India :✓ Currently there are over 63 million MSMEs across various industries that employ more than

111 million persons and produce more than 8000 products ranging from traditional to high tech precision items

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5 MCQs a Day

Q.3) Under the 59 minute loan portal www.psbloansin59minutes.com which enables easy access to credit for

MSMEs , loans upto what amount can be approved within 59 minutes ?

[1] 5 crore

[2] 50 lakh

[3] 10 crore

[4] 1 crore

[5] 2.5 crore

Topic MSME & related initiatives

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ExplanationTopic MSME & related initiatives

➢ The web portal www.psbloansin59minutes.com will enable in principle approval for MSME loans up to Rs. 1 crorewithin 59 minutes from SIDBI and 5 Public Sector Banks (PSBs)

➢ Subsequent to this in principle approval, the loan will be disbursed in 7-8 working days

➢ The Portal sets a new benchmark in loan processing and reduces the turnaround time from 20-25 days to 59 minutes

➢ The loans are undertaken without human intervention till sanction and or disbursement stage. A User Friendly Platformhas been built where MSME borrower is not required to submit any physical document for in-principle approval

➢ 5 PSBs under this initiative are - SBI, Bank of Baroda, PNB, Vijaya and Indian Bank

This the only Platform that has an integrated GST, ITR, Bank Statement Analyzer, Fraud Check and Bureau Check as well as host of other features which at present is not available with any other player in the market

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5 MCQs a Day

Q.4) As a part of support & initiative programme , all companies with a turnover of more than

__________, must now compulsorily be brought on the Trade Receivables e-Discounting System

(TReDS)?

[1] 50 crore

[2] 100 crore

[3] 500 crore

[4] 125 crore

[5] 250 crore

Topic MSME & related initiatives

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Explanation

➢ Prime Minister of India has made an announcement that all the companies with an annual turnover of more than Rs.500 crore, would have to compulsorily register on the Trade Receivables e-Discounting System (TReDS) platform

➢ This will enable MSME sectors to get credit based on their receivables

Topic MSME & related initiatives

✓ Trade Receivable e-Discounting System (TReDS) is a mechanism for facilitating the financing of trade receivables of MSMEs through multiple financiers at competitive market rates through an auction mechanism

✓ It is a path to prompt encashment of trade receivables and elimination of credit risk

✓ It will support the MSMEs in the manufacturing as well as service sector

✓ There are three direct participants in the TReDS mechanism :1. Corporate buyers (including the Government Departments and PSUs)2. MSME Sellers3. Financiers (both banks and NBFC)

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5 MCQs a Day

Q.5) Recently National Khadi Festival 2018 has been inaugurated on 2nd October 2018 , at which of the

following places?

[1] Gujarat

[2] Mumbai

[3] Madhya Pradesh

[4] Chandigarh

[5] Delhi

Topic MSME & related initiatives

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ExplanationTopic MSME & related initiatives

➢ A month-long National Khadi Festival 2018 to promote Khadi products has been inaugurated on the occasion of GandhiJayanti 2018, by Union Minister for Micro Small & Medium Enterprises, Shri Giriraj Singh

➢ The fest is being organised by Khadi and Village Industries Commission (KVIC) at Gramodaya, Mumbai

➢ The main objective of the festival is to promote the products of cottage industry and create awareness regarding the artof states

➢ The fest also aims to provide employment to weavers and workers who are involved in the cottage industry. Around 100institutions from the nooks and corners of the country are participating in the exhibition

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Answers

Question Answer

1 [1]

2 [3]

3 [4]

4 [3]

5 [2]

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