Professional Documents
Culture Documents
IIBF & NISM Adda - MSME Very Important MCQs PDF
IIBF & NISM Adda - MSME Very Important MCQs PDF
processing units are classified under a) Agriculture *b) MSME c) Others d) None ► 09/09 - 09/16 (25)
7. Under the Revised RBI Guidel ines on Priority Sector Lending, loans to
► 09/02 - 09/09 (33)
medium enterprises are not included for the purpose of reckoning of advances
Search This under the priority sector. a) True b) False* ► 08/26 - 09/02 (50)
Blog 8. Bank loans up to per unit to Micro and Small Enterprises and to Medium ► 08/19 - 08/26 (47)
Search Enterprises under services sector are classified under priority sector. a) Rs 5 and
► 08/12 - 08/19 (24)
10
crore* b) Rs 10 and 15 crore c) Rs 10 and 5 crore d) Rs 15 and 10 crore ► 08/05 - 08/12 (55)
SEARCH 9. The quantum of loan limit under the revised General Credit Card (GCC) ► 07/29 - 08/05 (20)
ABOUT: Scheme is
► 07/22 - 07/29 (46)
a) 1 lakh b) 2 lakh c) 5 lakh d) no ceiling on the loan amount*
All Exam PDFs (36)
10.The maximum claim settlement under Credit Guarantee Trust Scheme for ► 07/15 - 07/22
Banking Awarness Micro and (101)
(124)
Small Enterprises (CGTMSE) is at Rs lakhs. a) 50 b) 62.5 c) 75 d) 200* ▼ 07/08 - 07/15 (57)
CAIIB (209) 11. MSME loans covered under Guarantee Fund Trust for Micro and Small MSME information
CAIIB ABM (52) Enterprises for MUDRA
CAIIB BFM (172) (CGTMSE) attracts risk weight for capital adequacy purpose: a) Five b) Fifty c)
FEDAI Imp points
Hundred d) Zero*
CAIIB electives (38) All the best for
12. Provisioning requirements in respect of Standard Assets under Direct
CAIIB Fianancial your exam
Advances to
Advising (2)
agriculture and SME Sectors : a) A general provision of 0.1% of total outstanding MSME related
CAIIB IT Elective (16) abbreviations
b) A general provision of 0.25% of total outstanding,* c) A general provision of
CAIIB RETAIL (42) 0.4% of total outstanding d) No provision is required to be made Most important
13. The rate of subsidy under PMEGP scheme ranges from ___% to ___% : a) banking terms
Certified Accounting & for every
Audit Professional (3) 10& bankers
Current Affairs (13) 15 b) 15 & 20 c) 15 & 35* d) 20& 40
Types of Banking
14. Advances to MSMEs up to Rs crore may be done on the basis of credit
Daily content updates
(22) scoring MSME special
model. RBI Notification
Forex (49)
a) 1 b) 2* c) 3 d) 4
General Guidance (7) Imp banking terms
15. The Chairman of Committee on Financial Architecture for Micro, Small and
IIBF BCSBI&CS (21) Medium Enterprises (MSME) sector set up by Government of India is Most important for
a) M V Nair b) K C Chakrabarty c) UshaThorat d) K V Kamath* bankers
IIBF Certifications and
Blended Courses (60) 16. The small finance bank shall primarily undertake finance to the following Indicators for
entities suspicious
IIBF Certified Credit
transactions::::
Officer (71) a) unserved and underserved sections ,b)small business units, c) unorganized
sector ,d) micro and small industries, e) all the above*
https://iibfadda.blogspot.com/2018/07/msme-very-important-mcqs.html 2/18
4/24/2019 IIBF & NISM Adda : MSME Very important MCQs
IIBF Cyber crime and 17. MUDRA stands for : a)Metropolitan and Urban Development Regulatory COMMITTEES
Fraud management (16) Authority ON ADVANCES
& PRIORITY
IIBF Digital Banking (15) b)A scheme under Ministry of AYUSH
SECTOR
c)Micro Units Development and Refinance Agency* ,d)None of the above
IIBF Information System MUDRA MSME
banker DISA (10) 18. As per RBI guidelines, a MSME unit is treated as sick when
a) any of the borrowal account of the enterprise remains NPA for three months or Types of Credit
IIBF International Trade
more Facilities
Finance (12)
b) There is erosion in the net worth due to accumulated losses to the extent of TYPE OF
IIBF IT Security (19)
50% of its net CUSTOMERS
IIBF KYC AML (61) worth, c) Any of the borrowal account of the enterprise remains NPA for 6 months CGTMSE full
IIBF Microfinance (7) or more. d) a and b* details
IIBF MSME (64) 19. Micro (manufacturing) enterprises are defined as those whose original
Development
investment in Plant and Commissioner
IIBF Notices (4)
machinery do not exceed Rs. ... a) 5 lakhs b) 10 lakhs c) 25 lakhs *d) 50 lakhs (DC-MSME)
IIBF Risk Management 20. Under the proposed MSMED Amendment Bill, 2014, the revised investment Schemes :::
(42)
limit in plant and Micro, Small &
IIBF Treasury machinery for micro (manufacturing) enterprises is at Rs Medium
Management (27) Enterprises
a) 25 lakhs b) 50 lakhs *c)75 lakhs d)100 lakhs (MSME) Sector
Insurance (9)
Ve...
JAIIB (102)
BCSBI Lending
JAIIB AFB (21) 21. Under the Debt Restructuring Mechanism for MSMEs, the following entities
will be considered. BCSBI
JAIIB LEGAL (23)
a) All non-corporate MSMEs irrespective of the level of dues to banks. MSME DRTs
JAIIB PPB (45) b) All corporate MSMEs, which are enjoying banking facilities from a single bank,
MSME
Let's Update! (1) irrespective of the ABBREVIATIO
Moody's Certifications level of dues to the bank. NS
(4) c) All corporate MSMEs, which have funded and non-funded outstanding up to
IT SECURITY
Most Important for Rs.10 crore under
Knowledge (108) multiple/ consortium banking arrangement, d)All the above* Security standards
and best
Motivation (13) 22. The Code of Bank's Commitment to MSE's which set minimum standards of practices
banking and practices
NISM (14) IT SECURITY
for banks to follow when they are dealing with MSEs has been formulated by Software testing
NISM VA (2) a)BCSBI* b) SIDBI c)
Promotion exam (38) RBI d) GOI PHYSICAL AND
ENVIRONMEN
RBI notifications (1) 23. Which agency provides subsidy for credit rating of SMEs TAL SECURITY
(a) SIDBI (b) DIC (c) NSIC *d) SMERA IT SECURITY
24. Banks are mandated not to accept collateral security in the case of loans upto EX...
https://iibfadda.blogspot.com/2018/07/msme-very-important-mcqs.html 3/18
4/24/2019 IIBF & NISM Adda : MSME Very important MCQs
MSME Very
important
Important Web MCQs
sites 25. The quantum of loan limit under the revised General Credit Card (GCC)
PMEGP MSME
Scheme is
RBI
a) 1 lakh b) 2 lakh c) 5 lakh d)no ceiling on the loan amount* Role of MSMEs
https://www.rbi.org.in/
IIBF 26. The concept of teaching adults is called : a) Anagogy, b) Andragogy*, c) Basic Principles of
http://www.iibf.org.in/ Pedagogy, d) Mystagogy Information
IRDA 27. An individual needs the following to perform a task (i) Security:
https://www.irdai.gov.i Knowledge (ii) Skill (iii) Attitude iv) All of these* IS AUDIT ...IT
n/Defaulthome.aspx? 28. The first step in training design is the identification of a) Trainee b) Training SECURITY
page=H1 Needs* Information and
SEBI network
c) Training Institution d) Training Materials
https://www.sebi.gov.in security very
29. Active Methods of Training are, a)Lecture, b)Group Discussion, c)
/ important
BCSBI Demonstration, d)Case Study
i) a,b,c ii) b,c,d iii) b,d* iv) a,b,c,d BUSINESS
http://www.bcsbi.org.in CONTINUITY
/ 30. Training can solve all performance problems : a) True b)False* PLANNING ..IT
Income Tax 31. Make in India programme aims : a) To increase GDP growth b) To increase SECURITY
https://www.incometaxindi tax revenue.
COMPANIES &
a.gov.in/Pages/default.asp c) Aims at high quality standards, d) Minimizethe impact on the environment, e) PARTNERSHIP
x All of these* ACT 1. A
modification of
32. Governing Council of Skill India Mission is Chaired by a) MSME Minister b)
c...
Finance Minister
c) Prime Minister* d) Deputy Chairman of NITI Ayog STAMP ACT 1.
Under the
33. What is eBiz? Indian Stamp
a) A single window IT platform for services of all Central GovtDepts and Act, stamping ...
Ministries**
CONTRACT ACT
All IIBF Certifications b) A single window IT platform for services of all State GovtDepts and Ministries 1. A mandate
PDFs in single link c) A single window IT platform for services of all International Agencies ,d) None may not
All IIBF Certifications continue to be
of these
PDFs in single link o...
Read corresponding 34. What is NICDA?
IIBF book 1st Macmillan a) National Institute for Coal Development Authority COPRA &
/ Taxmann. These all OMBUDSMAN
b) National Industrial Corridor Development Authority** 1. Under
materials are extra
inform... c) National Information Centre for Data Administration , d) None of these
https://iibfadda.blogspot.com/2018/07/msme-very-important-mcqs.html 4/18
4/24/2019 IIBF & NISM Adda : MSME Very important MCQs
c) Out of order for more than 270 days, d) Out of order for more than 360 days
55. The Standard Provision for MSME loans prescribed by RBI is: a)0.40%
b)0.25%**, c)1.00%
d)0.75%
56. SMEs are important for the nation's economy because they significantly
contribute to:-
industrial production ,b )exports, c) employment, d) innovation, e) all above**
57. The minimum and maximum members that can exist in a partnership firm are
___________ & _________ : a)2 & 10, b) 2 & 100,** c)2 & 30, d) 2 & 50, e)No
restriction
58. Public Ltd Company has minimum shareholders :a)50, b)20, c)100, d)7**
59. MSMED Act was enacted in ________ :a) 2005, b)2008, c)2006**, d)2010
60.Which one of the following activities is not included in Micro & Small (Service)
Enterprises? : a)Professional persons, b)Small business, c)Dairy***, d) Self
employed persons
61.PPP denotes ________ :a) Private Public Participation, b) Promoter Partner
Participation
c) Public Private Participation,*** d) Partner Private Public
62. Which one of the following stages of development of SMEs regulations are
not required?
a)Entry stage, b) Operational stage, c) Manufacturing stage,*** d)Implementation
stage
63. LLP stands for _________: a)Long term Liability Participation, b) Limited
Liability Partnership**
c) Legitimate Liability Partnership, d)Liability Limited Partnership
64. Composite Loan limit for SSI that can be sanctioned without security is Rs.__:
a)1 Mn. , b)2.5 **Mn.
c) 50,000/-, d) Any limit
65. What is the minimum and maximum number of participants in LLP? :a)2, 50,
b) 2, 20
c) 2, 100, d)2, unspecified*
66. The organizational set up of SSI came into being in : a)1950 **, b)1954, c)
https://iibfadda.blogspot.com/2018/07/msme-very-important-mcqs.html 7/18
4/24/2019 IIBF & NISM Adda : MSME Very important MCQs
1969 , d)1975
67. Which one of the following support services are not provided by MSME DO?
a)Training for entrepreneurship development, b)Financial assistance,** c)Tool
making
d) Preparation of project and product profiles
68. EDIs stands for ________: a)Export Development Institute,
b)Entrepreneurship
Development Institute, **c)Entrepreneurship Development of India,
d)Entrepreneurship Design
Instruments
69. Which one of the following organizations is not under the control of the State
Government?
a) Directorate of Industries, b)District Industries Centre, c) Technical Consultancy
Organization
d)EDII*
70. What is the maximum amount of guarantee available for Micro Enterprise
upto credit limit of
Rs. 5.00 Lakh? : a) Rs. 5.00 Lakh**, b)Rs. 3.75 Lakh, c)Rs. 2.50 Lakh, d) Rs.
4.25 Lakh
71. What is 'hurt money'? :a) Equity (***b)Loan, c) Debt d) Venture Capital
72. Hybrid Capital means: a) Equity+ debt,** b)Debt+ loan,
c)Equity+ Venture capital, d)Insurance+ credit card
73. Venture Capital means: a)High Risk Fund, b)Private equity,
c) Dedicated pools of capital privately held,*** d)Share capital
74. Pre-shipment credit refers to : a)Financing ships for export ,b)Payment to
supplier before shipment
of goods, c)Working capital finance to enable the exporter to procure material for
export,***
d)Financing for repairs to ships
75. Post Shipment Credit refers to: a) Financing the shipping companies, b)Credit
posted after shipping
the goods, c)Working capital finance from the time of export to the time of
actual***
realization of dues , d) Loans and Advances against documents covering
shipment of goods.
76.The objective of Make in India programme is,
a) to encourage companies to manufacture their products in India**
https://iibfadda.blogspot.com/2018/07/msme-very-important-mcqs.html 8/18
4/24/2019 IIBF & NISM Adda : MSME Very important MCQs
80. Under the Revised RBI Guidelines on Priority Sector Lending,the sub-target
for lending to micro
enterprises is fixed at a) 8% b) 9% c)7.5%** d) 7.0%
81. Which one of the following is not a characteristic of a successful cluster? : a)
Inter-firm cooperation
b)Cooperation blended with competition , c) Sectoral specialization d)Sharing of
capital resources*
82. Which one of the following approaches is not applicable in respect of
MSMEs? a) Work together
b)Produce together goods and services, c) Share benefits individually **d)Come
together
83. Which one of the following steps is not involved for launching a Cluster
Development project?
a) Identification of cluster, b)Capacity building,** c) Creation of cluster,
d)Formulation of final selection
84. UNIDO Projects evolve following various steps for promoting networking and
development.
i) Mapping the competitiveness, ii)Assisting the cluster's actors for efficient supply
chain management
https://iibfadda.blogspot.com/2018/07/msme-very-important-mcqs.html 9/18
4/24/2019 IIBF & NISM Adda : MSME Very important MCQs
Capacity building , iii) Providing advisory services, iv) Setting special financial
institutions for SMEs
a) (i), (iii), (iv), (v) is correct, b)(ii), (iii), (iv), (i) is correct**
c) (iii), (v), (iv), (ii) is correct, d) (v), (i), (ii), (iv) is correct
85. UNIDO stands for : a)United Nations Institution Development Organisation
b)United Nations Innovative Design Organisation
c) United Nations Industrial Development Organisation,** d) None of the above
86. Rehabilitation of a sick unit can be taken up if it : a)creates employment, b) is
a profitable unit
c) proves viable after rehabilitation,** d)repays all outstanding dues immediately.
87. Viability should be examined and approved by: a)State level Inter-institutional
Committee, b) The
concerned Bank, **Commissioner of Industries of the State Government,
d)Association of Sick
Industries
88. OTS scheme refers to : a)Sanctioning of ad hoc limits to the Sick Units, b)
Settlement of all
outstanding dues as on a specified date as agreed to between the Bank and the
Borrower,***
c) Sanction of rehabilitation package, d)Consortium lending of banks to the sick
unit.
89. What is NICDA?
a) National Institute for Coal Development Authority
b) National Industrial Corridor Development Authority**
c) National Information Centre for Data Administration , d) None of these
90.. Securitization means: (Tick appropriately) : a) Pooling of financial assets for
forming into a
scrip for sale in a financial market, *b) Pooling of loans of a single borrower, c)
Converting loans to
capital of banks, d)Arranging for repayment of dues
91. Which one of the following features of Microfinance is incorrect? : a)
Borrowers are from low
income group, b)Long duration loans, ***c)Loans without collaterals, d) High
frequency of repayment
92. Relationship banking allows several special contractual features as under:- i)
Discretion
https://iibfadda.blogspot.com/2018/07/msme-very-important-mcqs.html 10/18
4/24/2019 IIBF & NISM Adda : MSME Very important MCQs
,ii)Flexibility
iii) Inclusion of collateral requirements, iv) Decision, v) Use of covenants
a) (i), (ii), (iii) (iv) is correct , b)(ii), (iii), (iv), (v) is correct
c) (v), (iii), (i), (ii) is correct, ***d) (iv), (v), (iii), (i) is correct
93. Which one of the following grey areas of concern for growth is not related to
Microfinance sector?
a) Regulation, b)Pricing, c) Cluster formation, d) Technology**
94. Which one of the following factors is not related to pricing?
a) Character of the customer,** b)Elasticity of demand, c) Cost structures,
d)Economic conditions
95. SMEs are facing various challenges under WTO regime as under:- i)
Technology, ii) Removal of
Quantitative Restrictions, iii) Funding through FDI/JVs, iv) Infrastructure, v)Quality
of goods
a) (ii), (i), (v), (iv) is correct,** b) (i), (iii), (v), (ii) is correct, c)(iii), (v), (iv), (i) is
correct
d) (iv), (v),(ii), (i) is correct
Trust Deed
submitted alongwith the application you find that there is no provision for
operation of the bank
account. What would you do under such circumstances ?
a the account would be allowed to be opened by the Secretary
b operation in the account will be allowed jointly with the Chairman of the Trust
c operation can be allowed against the joint signatures of all the Trustees***
d account will be opened only when the trust deed is modified.
e account cannot be operated in the absence of any provision
98. Ramesh and Ashok are trustees of a trust and execute a power of attorney in
favour of Tarun.
Trust deed is silent regarding the delegation of power. Tarun comes to operate
the account:
a Tarun can be permitted to operate the account
b Tarun can be permitted after obtaining consent of beneficiaries.
c Tarun cannot be permitted to operate.*
d Tarun can be allowed if credit balance is there. e b and d
99. Universal Bank is having a current account of Dhara Charitable Trust which is
operated by their
two trustees. In road accidents, both the trustees expire and this fact comes to
the notice of the bank.
What precautions should be taken by the bank for future operations in the
account?
a the beneficiaries will have to appoint another trustee and on the basis of their
resolution the
next trustee would be allowed to operate the account.
b the beneficiaries will be allowed to operate the account themselves.
c the operations in the account will be stopped
d the beneficiaries will be told to approach a court for appointment of new trustee
in case the
trust deed is silent about this** e b and c
100. Your branch receives from the trustees of a trust, a resolution passed by the
trustees resolving that the
current account would be operated by two out the three trustees, as the Td
trustee is proceeding abroad. The
account is presently operated by all the three in terms of the trust deed.
a the bank will accept the resolution and the request and permit the remaining
https://iibfadda.blogspot.com/2018/07/msme-very-important-mcqs.html 12/18
4/24/2019 IIBF & NISM Adda : MSME Very important MCQs
obtained from all the partners, c operations in the account to be stopped and
notice of
demand to be issued on the remaining partners, d notice about the outstanding
dues
to be sent to the official assignee in whom the estate of the insolvent partner has
been vested,
e c and d above**
103 Your branch maintains a current account in the name of M/s Site Ram Gita
Ram & Sons. A new
partner, the younger son of Mr. Gita Ram joins the firm and bank gets information
about this
development. Which among the following actions would be more appropriate to
deal with this
account:- A operations in the account should be stopped failing which the rule in
Clayton case can
apply, B account should be closed and new account should be opened observing
all formalities
C new partner can be admitted with the approval of the bank only. Hence the firm
should be advised
to obtained permission from the bank, d bank can obtain new partnership
declaration
letter and allow operations as per new mandate, **e bank can insist on for new
partnership
deed duly registered with Registrar of firms
104 Two partners of a partnership firm M/s Hyderabad Trading Company with
three partners,
approaches you to open a current account with initial deposit of Rs.10 lac and
promise that the
signatures on the account opening, form shall be obtained on the return of 3rd
partner from abroad,
although the said partner is not to actively engage himself in the business and he
will function as a
dormant partner. They also do not have any partnership deed in writing.
A the bank will open the account as the 3rd partner is not to operate the account
B the bank will open the account and will not permit any withdrawaltill the 3rd
partner signs the account
opening form C the account will be opened but cheque book will be given when
https://iibfadda.blogspot.com/2018/07/msme-very-important-mcqs.html 14/18
4/24/2019 IIBF & NISM Adda : MSME Very important MCQs
9 comments:
Durgesh cool 11 July 2018 at 20:05
Reply
https://iibfadda.blogspot.com/2018/07/msme-very-important-mcqs.html 15/18
4/24/2019 IIBF & NISM Adda : MSME Very important MCQs
Answers please
Reply
Very helpful
Reply
Thank you.
your information is very informative and helpful to me.
keep sharing about MSME
Reply
thank you for sharing this amazing blog this blog is very informative and very
good for indian people,its must important to know about the gst i really
Appereciated keep continue for awareness of peoples i have raed first time
this b log i want to see again this type of blog so keep continue gst
registrationIEC Registration in Delhi, Import Export Code Registration, India
Reply
Awesome
Reply
Answers please
https://iibfadda.blogspot.com/2018/07/msme-very-important-mcqs.html 16/18
4/24/2019 IIBF & NISM Adda : MSME Very important MCQs
Reply
Reply
Reply
https://iibfadda.blogspot.com/2018/07/msme-very-important-mcqs.html 17/18
4/24/2019 IIBF & NISM Adda : MSME Very important MCQs
DISCLAIMER :
In case of any violations in this blog, kindly intimate to us. We will rectify it
immediately.
This blog is for purely study related all are free study materials and sharing
knowledge only. Follow
All content in this site are free to use and distribute unless untill specifically
specified.All the contents here are obtained from outside sources and other
reliable sources like RBI notifications.User are at their own risk of using the Follow by Email
information.
Email address... Submit
The contents in this blog are based on Information collected from various sources
which we believe to be reliable. However,we do not hold ourselves responsible for
any short comings or error therein.
Total Pageviews
6 4 8 9 9 3
Report Abuse
https://iibfadda.blogspot.com/2018/07/msme-very-important-mcqs.html 18/18