Question
Consider the following Statements and choose the option
with wrong Statement(s). I- PM SVANidhi is a Centrally Sponsored Scheme. II- It was launched in 2020. III- Beneficiaries are also eligible for the second tranche of loan up to 20,000 with 18 months tenure after timely repayment of the first trancheSolution
PM Street Vendor's Atmanirbhar Nidhi Scheme (PM SVANidhi): This is a Central Sector Scheme launched on 1 June 2020, to empower street vendors by extending working capital loans of up to 10,000 with a one-year tenure and free onboarding of beneficiaries on digital payment platforms. Beneficiaries are also eligible for the second tranche of loan up to 20,000 with 18 months tenure after timely repayment of the first tranche.
Consider the following statements on Working Capital Assessment:
1. The Tandon Committee suggested the "Maximum Permissible Bank Finance" (MPBF) ...
Under the prompt corrective action (PCA) framework, which of the following parameters is NOT monitored by the RBI?Â
What is the minimum default amount required to initiate insolvency proceedings under the IBC as of the current 2024–2026 norms?Â
In the modern business environment, the concept of Corporate Social Responsibility (CSR) has become a significant aspect of corporate governance. This c...
An account should be treated as 'out of order' if the outstanding balance remains continuously in excess of the sanctioned limit/drawing power for&helli...
Regarding 'Small Accounts' (Simplified KYC), consider the following statements:
1. The aggregate of all credits in a financial year should not ex...
Consider the following regarding the Liberalized Remittance Scheme (LRS):
1. It is available to all resident individuals, including minors.
<...In the framework of monetary policy, central banks employ various tools to manage liquidity and control inflation within the economy. One such tool invo...
Regarding Non-Performing Assets (NPAs), evaluate these statements:
1. An account is classified as Doubtful if it has remained in the sub-standard...
What does the 'C' in CKYCR stand for in the context of KYC?Â
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