5 MCQs a Day LECTURE

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1 5 MCQs a Day ESI RBI Gr B NABARD Gr A SEBI Gr A MSMEs & related Initiatives LECTURE

2 5 MCQs a Day SEBI GRADE A 2018 RBI GRADE B 2019 NABARD GRADE A 2019 Phase 2 Phase 2 Phase 1 and Phase 2 IBPS AFO RBI Gr B NABARD Gr A 2019 combo RBI Gr B SEBI Gr A 2018 combo

3 Fast Track series for RBI Gr B and NABARD Gr A 2019 Our results RBI Gr B got selected in the final list NABARD Gr A got selected in the final list (Total generalist seats 46) RBI Gr B selections is Phase 2

4 5 MCQs a Day TOPIC MSMEs & related Initiatives

5 5 MCQs a Day 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

6 Explanation The Prime Minister Shri Narendra Modi has launched the Micro, Small and Medium Enterprises (MSME) Support and Outreach Programme on 2 nd 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 various facilities being extended to MSME Sector by the Government and financial institutions and to come forward and make 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 one of the major generator of employment opportunities and making a significant contribution to the overall growth of the economy

7 5 MCQs a Day 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

8 Explanation As announced by the Prime Minister at the launching of the Support and Outreach Programme, there are five key aspects for facilitating the MSME sector These include : 1. access to credit 2. access to market 3. technology upgradation 4. ease of doing business 5. 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

9 5 MCQs a Day Q.3) Under the 59 minute loan portal 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

10 Explanation The web portal will enable in principle approval for MSME loans up to Rs. 1 crore within 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 days to 59 minutes The loans are undertaken without human intervention till sanction and or disbursement stage. A User Friendly Platform has 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

11 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

12 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 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 Sellers 3. Financiers (both banks and NBFC)

13 5 MCQs a Day Q.5) Recently National Khadi Festival 2018 has been inaugurated on 2 nd October 2018, at which of the following places? [1] Gujarat [2] Mumbai [3] Madhya Pradesh [4] Chandigarh [5] Delhi

Explanation A month-long National Khadi Festival 2018 to promote Khadi products has been inaugurated on the occasion of Gandhi Jayanti 2018, by Union Minister for Micro Small & Medium Enterprises,

14 Explanation A month-long National Khadi Festival 2018 to promote Khadi products has been inaugurated on the occasion of Gandhi Jayanti 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 art of states The fest also aims to provide employment to weavers and workers who are involved in the cottage industry. Around 100 institutions from the nooks and corners ofthe country are participating in the exhibition

15 Answers Question Answer 1 [1] 2 [3] 3 [4] 4 [3] 5 [2]

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Weekly GK Banking Capsule 2018

Weekly GK Banking Capsule 2018 1 Banking News Bharathi appointed as head of Corporation Bank P V Bharathi has been appointed as Managing Director and Chief Executive Officer of the Corporation Bank on 24 December 2018 She is at present