Tag: organisation of commerce and management

Questions Related to organisation of commerce and management

SIDBI is set up in ____ as a wholly owned subsidiary of ______.

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

  1. 1985 - EXIM

  2. 1969 - RRBS

  3. 1975 - IFCI

  4. 1990 - IDBI

Show answer
Correct Option: D
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. 

The SIDBI was established in _________.

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

  1. April, 1980

  2. April, 1985

  3. April, 1990

  4. April, 1995

Show answer
Correct Option: C
Explanation:

Small Industries Development Bank of India (SIDBI) set up on 2nd April 1990 under an Act of Indian Parliament, acts as the Principal Financial Institution for Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector as well as for co-ordination of functions of institutions engaged in similar activities.

Which one among the following has not started Commercial Banking?

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

  1. SIDBI

  2. IDB

  3. ICICI

  4. UTI

Show answer
Correct Option: A
Explanation:

It is a public financial institution which lends for longer periods.A bank is defined as an institution which accepts deposits for the purpose of lending and investment.  Further, Banks lend for shorter durations. SIDBI does not accept deposits and hence it is a financial institution not a commercial bank.

____ Indian Aspiration Fund was launched by ___ in August 2015 to boost the start-up funds ecosystem in the country.

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

  1. Rs. 5,000 Crore; IDBI

  2. Rs. 2,000 Crore; SIDBI

  3. Rs. 2,000 Crore; RBI

  4. Rs. 3,500 Crore; ICICI

Show answer
Correct Option: B
Explanation:

In order to boost the startup ecosystem in the country, finance minister Arun Jaitley has announced the launch of India Aspiration Fund (IAF) with an initial corpus of Rs. 2,000 crore. IAF is managed by Small Industries Development Bank of India (SIDBI) for promotion, financing and development of micro, small and medium enterprises (MSME) sector.

Branch office kind of business form __________________.

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

  1. can undertake any acctivity

  2. can undertake activity which is specifically permitted.

  3. can work without being registered with Registrar of Companies.

  4. can not carry on research work.

Show answer
Correct Option: B

Major activity(ies) of SIDBI is/are __________.

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

  1. Refinancing loans

  2. Extension of seed capital

  3. Development of industrial areas

  4. All of the above

Show answer
Correct Option: D
Explanation:
Major Activities of SIDBI
  • SIDBI refinances loans extended by the primary lending institutions to small scale industrial units, and also provides resources support to them.
  • SIDBI discounts and rediscounts bills arising from sale of machinery to or manufactured by industrial units in the small scale sector.
  • To expand the channels for marketing the products of Small Scale Industries (SSI) sector in domestic and international markets.
  • It provides services like leasing, factoring etc. to industrial concerns in the small scale sector.
  • To promote employment oriented industries especially in semi-urban areas to create more employment opportunities and thereby checking migration of people to urban areas.
  • To initiate steps for technological up-gradation and modernisation of existing units.
  • SIDBI facilitates timely flow of credit for both term loans and working capital to SSI in collaboration with commercial banks.

SIDBI is a subsidiary of ____________.

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

  1. IDBI

  2. Union Bank

  3. RBI

  4. NABARD

Show answer
Correct Option: A
Explanation:

The SIDBI (Small Industries Development Bank of India) is a wholly owned subsidiary of IDBI (Industrial Development Bank of India). It is established under the Special Act of the Parliament 1988 that became operative since April 2, 1990.

Responsibility of administering Small Industries Development Fund and National Equity Fund that were earlier administered by IDBI were transferred to SIDBI. It is the Primary Financial Institution for promoting, developing and financing MSME (Micro, Small and Medium Enterprise) sector.

SIDBI Start-Up Mitra is the digital initiative that facilitates the entrepreneurs to engage with incubators, investors, mentors etc.

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

  1. True

  2. False

Show answer
Correct Option: A
Explanation:

True

SIDBI Startup Mitra
SIDBI Start-Up Mitra is a digital initiative that address gaps in the start-up ecosystem. The portal was launched by the Hon’ble President of India on March 17th, 2016. It acts as a virtual platform to bring together all stakeholders, start-up entrepreneurs, incubators, investors (Angel networks / Venture Capital Funds), industry bodies, mentors /advisors and banks to meet the financing and developmental needs of the early stage start-ups and enterprises

The portal also facilitates entrepreneurs to engage with incubators, investors, mentors and spreads awareness about the government schemes for start-ups in India by becoming the knowledge partner for State and Central Governments. The portal is supported by the Department of Science and Technology [DST], Govt. of India and currently boasts of more than 10,245 start-ups, 118 incubators and 90 investors as registered members on the platform

The Scheme launched for Technology up-gradation of Micro and Small Enterprises is ________.

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

  1. Credit Linked Capital Subsidy Scheme

  2. Deendayal Antyodaya Yojana

  3. Dairy Entrepreneurship Development Scheme

  4. None of the above

Show answer
Correct Option: A
Explanation:
 The Ministry of Small Scale Industries (SSI) is operating a scheme for technology upgradation of Small Scale Industries (SSI) called the Credit Linked Capital Subsidy Scheme (CLCSS). The Scheme aims at facilitating technology upgradation by providing upfront capital subsidy to SSI units, including tiny, khadi, village and coir industrial units, on institutional finance (credit) availed of by them for modernisation of their production equipment (plant and machinery) and techniques. 

Headquarters of NABARD is located at _______.

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

  1. Kolkata

  2. Mumbai

  3. Delhi

  4. Chennai

Show answer
Correct Option: B
Explanation:

National Bank for Agriculture and Rural Development (NABARD) is an apex development financial institution in India, headquartered at Mumbai with regional offices all over India.The Bank has been entrusted with "matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India".