New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    What credit growth target did the Prime Minister’s

    Task Force on MSMEs recommend for banks in terms of lending to micro enterprises each year?
    A 5% growth in credit and 20% growth in accounts Correct Answer Incorrect Answer
    B 10% growth in credit and 15% growth in accounts Correct Answer Incorrect Answer
    C 20% growth in credit and 10% growth in accounts Correct Answer Incorrect Answer
    D 25% growth in credit and 5% growth in accounts Correct Answer Incorrect Answer
    E 30% growth in credit and 10% growth in accounts Correct Answer Incorrect Answer

    Solution

    The Prime Minister’s Task Force on MSMEs recommended a 20% year-on-year growth in credit to micro and small enterprises and a 10% annual growth in the number of micro enterprise accounts.  

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