Home » Important Banking Awareness Quizzes (Topic Wise) Day-216

Dear Readers, Here we have provided the Important Banking Awareness Quizzes based on particular topic, which will help to understand and prepare in a better way. Candidates those who are preparing for upcoming SBI Exams can make use of it.

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SIDBI stands for _______

a) Small-scale Industries Deployment Bank Industry

b) Small Industries Development Bank of India

c) Small Interactive Deployment Bank Industry

d) Small Investment Development Bank of India

e) None of these

When SIDBI was established?

a) April 5, 1993

b) April 9, 1992

c) April 2, 1990

d) April 8, 1991

e) April 4, 1989

Where is the headquarters of SIDBI?

a) Bangalore

b) New Delhi

c) Mumbai

d) Pune

e) Lucknow

SIDBI was formed to promote ________

a) Agriculture sector

b) Housing sector

c) MSME sector

d) Banking sector

e) Education sector

Who presently took charge as the Chairman & Managing Director of SIDBI?

a) J. Chandrasekaran

b) Manoj Mittal

c) Ajay Kumar Kapur

d) Pankaj Jain

e) Mohammad Mustafa

What is an acronym of MUDRA?

a) Medium-scale Units Developing Research Agency

b) Management of Units Delivery Research Association

c) Micro Units Development & Refinance Agency

d) Middle Unfunded Development & Refinance Agency

e) None of these

Which is the biggest loan portal set up by SIDBI to facilitate anywhere any time access to MUDRA loans?

a) SIDBI Venture Capital Limited

b) Udyami Mitra

c) SMERA Ratings Limited

d) Startup Mitra

e) None of these

What is/are wholly owned subsidiaries of SIDBI Bank?

a) SIDBI Trustee Company Ltd

b) SIDBI Venture Capital Ltd

c) MUDRA

d) All of the above

e) None of the above

Which of the following credit rating agency set up for MSME in India?

a) MUDRA

b) SIDBI Venture Capital Ltd

c) SMERA Ratings Ltd

d) Receivable Exchange of India Ltd

e) None of these

Which scheme is introduced by SIDBI to support government’s ‘Make in India’ Programme?

a) Stand-up India

b) Startup Mitra

c) MUDRA

d) SMILE

e) None of these

What is the purpose of SIDBI?

a) To provide short term lending to industries

b) To provide refinance facilities

c) To develop MSME sector

d) All of the above

e) None of the above

What is an acronym for GVA?

a) Gross Value Added

b) General Value Area

c) Goods Value Algorithm

d) Generalized Voluntary Action

e) None of these

Which is a subsidiary set up for speedier resolution of Non-Performing Assets (NPA) in the MSME sector?

a) RXIL

b) ISARC

c) SVCL

d) ISTSL

e) None of these

What does C stands for in CGTMSE?

a) Capital

b) Credit

c) Central

d) Conceptualized

e) None of these

Which of the following financial institution supports the GoI in its initiatives and work as a nodal agency for some of the schemes related to the development of MSMEs?

a) SIDBI

b) SMILE

c) SMERA

d) MUDRA

e) None of these

Answers:

Correct Answer: b)

SIDBI – Small Industries Development Bank of India

Correct Answer: c)

Established – April 2, 1990

Correct Answer: e)

Headquarters – Lucknow

Correct Answer: c)

SIDBI is the Principal Financial Institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector.

Correct Answer: e)

Chairman & MD – Mohammad Mustafa (as on May 2018)

Correct Answer: c)

MUDRA – Micro Units Development & Refinance Agency

Correct Answer: b)

IDBI set up the biggest loan portal ‘Udyami Mitra’ to facilitate anywhere any time (net and mobile-enabled) access to MUDRA loans.

Correct Answer: d)
Correct Answer: c)

SMERA Ratings Ltd (SMERA) is a full-service credit rating agency exclusively set up for micro, small and medium enterprises (MSME) in India.

Correct Answer: d)

SIDBI has introduced several schemes to support government programmes. Some of these initiatives include SIDBI Make in India Soft Loan Fund for Micro, Small & Medium Enterprises (SMILE) under the ‘Make in India’ Programme.

Correct Answer: d)

The purpose of SIDBI is to provide refinance facilities and short term lending to industries. It is an institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector and also co-ordinates the functions of the institutions engaged in similar activities.