All Exams Test series for 1 year @ ₹349 only
Question

Consider the following statements about MUDRA as of June 2019:

Statement I: MUDRA is an NBFC supporting the development of the micro-enterprise sector. It provides refinance support to banks and microfinance institutions for lending to micro units with loan requirements up to ₹10 lakh.

Statement II: Its interventions are named Shishu, Kishor and Tarun to reflect the stage of growth and funding needs of the beneficiary micro unit or entrepreneur.

Which of the following options is correct?

The correct answer is

Both the statements I and II are correct

Both statements were correct in June 2019. MUDRA supported eligible lenders through refinance for micro-enterprise loans up to ₹10 lakh. Shishu covered up to ₹50,000; Kishor covered above ₹50,000 up to ₹5 lakh; Tarun covered above ₹5 lakh up to ₹10 lakh.

Was this answer helpful?

Important Questions from Entrepreneurship Development - Teaching

  1. Match List I with List II
    List I
    Diets
    List II
    Disease
    (a) Dash(i) Gout
    (b) Gluten free(ii) Diabetes mellitus
    (c) Low uric acid(iii) Celiac
    (d) Carbohydrate counting(iv) Hepatitis
    (e) High CHO, high protein moderate fat diet(v) Hypertension

    Choose the correct answer from the options given below :
  2. Problems connected with Entrepreneurship Development can be identified in the following domains :
    (a) Procuring of Raw material
    (b) Marketing of products
    (c) Country of origin
    (d) Procuring of capital
  3. Which among the following is a correct statement ?

  4. Out of the following, which are the most common error committed by Entrepreneurs?

    A. To anticipate roadblocks

    B. No commitment or dedication

    C. Proposing market niche (Segment)

    D. Lack of demonstrated experience

    E. No realistic goals

    Choose the correct answer from the options given below:

  5. Match List I with List II

    List I

    List II

    Entrepreneur type

    Features based on Entrepreneurial Competency

    A.

    Passenger

    I.

    Ability to do and no will to do

    B.

    Star/Ideal

    II.

    No ability to do and no will to do

    C.

    Dead wood

    III.

    Ability to do and will to do

    D.

    May run

    IV.

    No ability to do and will to do

    Choose the correct answer from the options given below:

Need Expert Advice?

Start Your Preparation with Prepp Mobile App

Download the app from Google Play & App Store
Download the app from Google Play & App Store
Prepp Mobile App