Tag: funding and assistance to small businesses

Questions Related to funding and assistance to small businesses

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  

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

  1. Only (1)

  2. Only (2)

  3. Only (3)

  4. Only (1) & (3)

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Correct Option: D

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

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

  1. Mahila Bachat Bank

  2. Gramin Bank

  3. Micro-Finance Bank

  4. None of the above

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Correct Option: B
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

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

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

  1. True

  2. False

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Correct Option: B

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

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

  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

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Correct Option: D

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

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

  1. 2 years

  2. 6 month

  3. 8 months

  4. 1 year

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Correct Option: D

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

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

  1. True

  2. False

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Correct Option: A

Identify the Mahila Bachat Gat in Devrukh, Maharashtra.

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

  1. Pragati Mahila Bachat Gat

  2. Swamini Mahila Bachat Gat

  3. Asha Mahila Gat

  4. Om Shanti Mahila Bachat Ghat

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Correct Option: A

'Mahila Bachat Gat' was started in which place?

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

  1. Bangladesh

  2. India

  3. Nepal

  4. Myanmar

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Correct Option: A

Group loan under Mahila Bachat Gat is borrowed from bank at __________ lending rate.

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

  1. Co-operative

  2. Reverse Repo

  3. Repo

  4. Fixed

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Correct Option: A

Clients of Mann Deshi Mahila Bachat Gat are rural women with a daily income of less than Rs 60.

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

  1. True

  2. False

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Correct Option: A