Banking Awareness Set 56 (MSME)

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.

  1. MSME is defined under which act?
    A) MSME Act, 2004
    B) MSMED Act, 2006
    C) MSMED Act, 1999
    D) MSME Act, 2001
    View Answer
    Option B
    Explanation
    : MSME has been defined in the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006
  2. 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
    View Answer
    Option D
    Explanation
    : A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh;
  3. 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
    View Answer
    Option C
    Explanation
    : A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore
  4. 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
    View Answer
    Option B
    Explanation
    : A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore.
  5. 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
    View Answer
    Option A
    Explanation
    : A micro enterprise is an enterprise where the investment in equipment does not exceed Rs. 10 lakh; (Service)
  6. 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
    View Answer
    Option A
    Explanation
    : A small enterprise is an enterprise where the investment in equipment is more than Rs.10 lakh but does not exceed Rs. 2 crore; (service)
  7. 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
    View Answer
    Option A
    Explanation
    : A medium enterprise is an enterprise where the investment in equipment is more than Rs. 2 crore but does not exceed Rs. 5 crore (service)
  8. 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
    View Answer
    Option D
    Explanation
    : A composite loan limit of Rs.1crore can be sanctioned by banks to enable the MSME entrepreneurs to avail of their working capital and term loan requirement through Single Window
  9. 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
    View Answer
    Option C
    Explanation
    : The Ministry of MSME, Government of India and SIDBI set up the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) with a view to facilitate flow of credit to the MSE sector without the need for collaterals/ third party guarantees.
  10. 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
    View Answer
    Option D
    Explanation
    : 3 months or more

 

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10 Thoughts to “Banking Awareness Set 56 (MSME)”

  1. •?((¯°·._.• ค๓๒เкค •._.·°¯))؟•

    thankyou :))

    1. Pulkit

      ek ty mam ke liye ;)))

  2. sachin shukla Banker of 2017

    6/10 TY

  3. Pulkit

    8/10 ty 😉

  4. •?((¯°·._.• ค๓๒เкค •._.·°¯))؟•

    thankyou sir :))

    1. Pulkit

      ek ty sir ke liye..;)))

      1. •?((¯°·._.• ค๓๒เкค •._.·°¯))؟•

        hehehe ye topic aaj hi kiyaa properly to revision ke liyee ayi thi

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