Question
Which of the following is not true about Pradhan Mantri Mudra Yojana? 1. Pradhan Mantri MUDRA Yojana (PMM
- Y is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises. 2. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs. 3. Under the aegis of PMMY, MUDRA has created three products namely 'Shishu', 'Kishore' and 'Tarik' to signify the stage of growth / development and funding needs of the beneficiary. 4. The maximum loan amount that can be sanctioned under ‘Kishore’ Scheme is 5 lakhs.
More General Topics in Finance Questions
- Consider the following statements about Commercial Paper (CP): 1. It is a short-term, unsecured promissory note. 2. Only companies with a minimum net wor...
- In a 'Working Capital' loan, the difference between Current Assets and Current Liabilities is known as:
- Which of the following is a criterion for classifying a borrower as a 'Willful Defaulter'?
- Regarding 'Prompt Corrective Action' (PCA) framework: 1. PCA applies to both Public and Private sector banks. 2. It is triggered if the Net NPA of a bank...
- In the context of Asset Reconstruction Companies (ARCs), what does 'SR' stand for?
- What is the primary purpose of the FATCA (Foreign Account Tax Compliance Act) agreement?
- Which of the following is NOT considered a 'Quantitative' tool of monetary policy used by the RBI?
- What is the target for Priority Sector Lending (PSL) for 'Small Finance Banks'?
- Under 'Assignment', which of the following is usually transferred to the bank?
- What is the 'EEFC' account?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)