Tag: privileges and other promotional measures for msmes

Questions Related to privileges and other promotional measures for msmes

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

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

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Correct Option: A
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.

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.

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. Dairy Entrepreneurship Development Scheme

  2. Solar Schemes

  3. Agricultural and Marketing Infrastructure, Grading and Standardization

  4. Rural Godowns

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Correct Option: D
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.

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

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

  1. 0%

  2. 5%

  3. 2%

  4. 3%

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Correct Option: C

Which of the following is the bank that is a part of MDM 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. MDMBGF

  2. MDMSB

  3. MVSS

  4. None of the above

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Correct Option: B

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