Here are some MCQs on Credit to Micro, Small and Medium Enterprises
1. What is the maximum loan amount that can be availed by micro enterprises under the Credit to Micro, Small and Medium Enterprises scheme?
a) Rs. 5 lakh
b) Rs. 10 lakh
c) Rs. 20 lakh
d) Rs. 50 lakh
2. Which bank is responsible for implementing the Credit to Micro, Small and Medium Enterprises scheme?
a) Reserve Bank of India (RBI)
b) Small Industries Development Bank of India (SIDBI)
c) State Bank of India (SBI)
d) Industrial Development Bank of India (IDBI)
3. Under the Credit to Micro, Small and Medium Enterprises scheme, which category of enterprises is eligible for credit support?
a) Only Micro Enterprises
b) Only Small Enterprises
c) Only Medium Enterprises
d) All three categories – Micro, Small, and Medium Enterprises
4. Who can avail of the credit support under the Credit to Micro, Small and Medium Enterprises scheme?
a) Individuals
b) Partnership firms
c) Companies
d) All of the above
5. What is the interest rate charged on loans availed by Micro, Small, and Medium Enterprises under this scheme?
a) 5%
b) 7%
c) 9%
d) 11%
