Important Banking Awareness Questions on Micro, Small and Medium Enterprises
Important Banking Awareness Micro Small Medium Enterprises Questions for upcoming banking and insurance exams. SBI PO, IBPS PO, NIACL Assistant, Bank of Baroda, Dena Bank, etc.
- MSME is defined under which act?
A) MSME Act, 2004
B) MSMED Act, 2006
C) MSMED Act, 1999
D) MSME Act, 2001
- In production sector, a micro enterprise is an enterprise where investment in plant and machinery does not exceed ______.
A) Rs 10 lakh
B) Rs 15 lakh
C) Rs 20 lakh
D) Rs 25 lakh
- In production sector, a small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed ______
A) Rs 2 crore
B) Rs 3 crore
C) Rs 5 crore
D) Rs 10 crore
- In production sector, amedium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed _____
A) Rs 8 crore
B) Rs 10 crore
C) Rs 15 crore
D) Rs 20 crore
- In service sector, a micro enterprise is an enterprise where the investment in equipment does not exceed ______
A) Rs 10 lakh
B) Rs 15 lakh
C) Rs 20 lakh
D) Rs 25 lakh
- In service sector, a small enterprise is an enterprise where the investment in equipment is more than Rs.10 lakh but does not exceed _______
A) Rs 2 crore
B) Rs 3 crore
C) Rs 5 crore
D) Rs 10 crore
- In service sector, a medium enterprise is an enterprise where the investment in equipment is more than Rs. 2 crore but does not exceed ______
A) Rs 5 crore
B) Rs 10 crore
C) Rs 15 crore
D) Rs 20 crore
- A composite loan limit of ______can be sanctioned by banks to enable the MSME entrepreneurs to avail of their working capital and term loan requirement through Single Window.
A) Rs 10 lakh
B) Rs 25 lakh
C) Rs 50 lakh
D) Rs 1crore
- Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) was set up by Government of India and which of the following bank?
A) RBI
B) NABARD
C) SIDBI
D) MUDRA
- Micro or Small Enterprise (as defined in the MSMED Act 2006) may be said to have become Sick, if
A) Any of the borrowal account of the enterprise remains NPA for ten months or more
B) Any of the borrowal account of the enterprise remains NPA for eight months or more
C) Any of the borrowal account of the enterprise remains NPA for five months or more
D) Any of the borrowal account of the enterprise remains NPA for three months or more
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