Banking Awareness for Upcoming Exams Set 20 (MUDRA)

This set contains banking awareness questions for various upcoming exams like SBI PO, IBPS PO, Clerk, NIACL Assistant and various other competitive exams. This set contains questions from the topic: MUDRA.

  1. What does D stands for in MUDRA?
    A) Department
    B) Deposit
    C) Debt
    D) Development
    View Answer
    Option D
    Explanation
    : MUDRA stands for Micro Units Development & Refinance Agency.
  2. MUDRA was announced in the Budget for _____ .
    A) FY 14
    B) FY 15
    C) FY 16
    D) FY 17
    View Answer
    Option C
    Explanation
    : MUDRA was announced in the budget 2015-16 by the Hon’ble Finance Minister. i.e FY 16.
    MUDRA was launched by the Hon’ble Prime Minister Shri Narendra Modi on 08 April 2015 at a function held at Vigyan Bhawan, New Delhi.
  3. What is the full form of NCSB?
    A) Non- Client Systematic Banking
    B) Non- Corporate Small Business
    C) Non- Customer Small Banking
    D) Non- Corporate Systematic Business
    View Answer
    Option B
    Explanation
    : NCSB is the main target group of MUDRA Yojana. Non–Corporate Small Business Segment (NCSB) comprising of millions of proprietorship / partnership firms running as small manufacturing units, service sector units, shopkeepers, fruits / vegetable vendors, truck operators, food-service units, repair shops, machine operators, small industries, artisans, food processors and others, in rural and urban areas.
  4. MUDRA is a wholly owned subsidiary of _______ .
    A) RBI
    B) NABARD
    C) SIDBI
    D) NHB
    View Answer
    Option C
    Explanation
    : MUDRA has been initially formed as a wholly owned subsidiary of Small Industries Development bank of India (SIDBI) with 100% capital being contributed by it.
  5. What is the Authorised Capital of MUDRA?
    A) Rs 500 Crore
    B) Rs 750 Crore
    C) Rs 1,000 Crore
    D) Rs 1,500 Crore
    View Answer
    Option C
    Explanation
    : authorized capital of MUDRA: Rs. 1000 crores
    Paid up capital is: Rs. 750 crore, fully subscribed by SIDBI.
  6. What is the maximum loan that can be given under MUDRA Yojana?
    A) Rs 1,00,000
    B) Rs 5,00,000
    C) Rs 10,00,000
    D) No Upper Limit
    View Answer
    Option C
    Explanation
    : The maximum limit is Rs 10 lakh
  7. What is the maximum amount of loan that can be given under the product Shishu of Pradhan Mantri MUDRA Yojana?
    A) Rs 5,000
    B) Rs 50,000
    C) Rs 5,00,000
    D) Rs 10,00,000
    View Answer
    Option B
    Explanation
    : Shishu : covering loans upto Rs 50,000/-
  8. What is the maximum amount of loan that can be given under the product Kishor of Pradhan Mantri MUDRA Yojana?
    A) Rs 5,000
    B) Rs 50,000
    C) Rs 5,00,000
    D) Rs 10,00,000
    View Answer
    Option C
    Explanation
    : Kishor : covering loans above  50,000/- and upto  5 lakh
  9. What is the maximum amount of loan that can be given under the product Tarun of Pradhan Mantri MUDRA Yojana?
    A) Rs 5,000
    B) Rs 50,000
    C) Rs 5,00,000
    D) Rs 10,00,000
    View Answer
    Option D
    Explanation
    : Tarun : covering loans above  5 lakh and upto  10 lakh
  10. MUDRA extends a reduction of _____ in its interest rates to MFIs / NBFCs, who are providing loans to women entrepreneurs.
    A) 25bps
    B) 50 bps
    C) 75 bps
    D) 100 bps
    View Answer
    Option A
    Explanation
    : At present, MUDRA extends a reduction of 25bps in its interest rates to MFIs / NBFCs, who are providing loans to women entrepreneurs. Means if the interest rate to be  

 

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