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TOTAL QUESTION: 30
TOTAL TIME= 30 MIN
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Your results are here!! for" MSME PRIME PLUS SCHEME "
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Question 1 of 30
1. Question
Which of the following is an eligible entity under the MSME Prime Plus Scheme, subject to applicable conditions?
Correct
Eligible entities include Individuals, Proprietorships, Partnerships, LLPs, Private/Public Limited Companies, Trusts, Societies, Co-operative Societies and other legal entities having GST Registration where applicable and Udyam Registration Number.
Incorrect
Eligible entities include Individuals, Proprietorships, Partnerships, LLPs, Private/Public Limited Companies, Trusts, Societies, Co-operative Societies and other legal entities having GST Registration where applicable and Udyam Registration Number.
Unattempted
Eligible entities include Individuals, Proprietorships, Partnerships, LLPs, Private/Public Limited Companies, Trusts, Societies, Co-operative Societies and other legal entities having GST Registration where applicable and Udyam Registration Number.
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Question 2 of 30
2. Question
Does the MSME Prime Plus Scheme cover both existing and new borrowers?
Correct
The scheme is available to both existing as well as new borrowers.
Incorrect
The scheme is available to both existing as well as new borrowers.
Unattempted
The scheme is available to both existing as well as new borrowers.
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Question 3 of 30
3. Question
Which types of facilities are available under the MSME Prime Plus Scheme?
Correct
The scheme provides Working Capital facilities, both Fund based and Non-Fund based, and Term Loans.
Incorrect
The scheme provides Working Capital facilities, both Fund based and Non-Fund based, and Term Loans.
Unattempted
The scheme provides Working Capital facilities, both Fund based and Non-Fund based, and Term Loans.
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Question 4 of 30
4. Question
Under the MSME Prime Plus Scheme, Term Loan can be used for which purpose?
Correct
Term Loan is available for creation of fixed assets such as plant and machinery, equipment and vehicles.
Incorrect
Term Loan is available for creation of fixed assets such as plant and machinery, equipment and vehicles.
Unattempted
Term Loan is available for creation of fixed assets such as plant and machinery, equipment and vehicles.
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Question 5 of 30
5. Question
What is the minimum loan amount under the MSME Prime Plus Scheme?
Correct
The minimum loan amount under the scheme is above ₹20 lakh.
Incorrect
The minimum loan amount under the scheme is above ₹20 lakh.
Unattempted
The minimum loan amount under the scheme is above ₹20 lakh.
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Question 6 of 30
6. Question
What is the maximum loan amount available under the MSME Prime Plus Scheme?
Correct
The maximum loan amount under MSME Prime Plus is up to ₹100 crore.
Incorrect
The maximum loan amount under MSME Prime Plus is up to ₹100 crore.
Unattempted
The maximum loan amount under MSME Prime Plus is up to ₹100 crore.
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Question 7 of 30
7. Question
What is the margin range under the MSME Prime Plus Scheme?
Correct
The specified margin under MSME Prime Plus ranges from 15% to 25%.
Incorrect
The specified margin under MSME Prime Plus ranges from 15% to 25%.
Unattempted
The specified margin under MSME Prime Plus ranges from 15% to 25%.
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Question 8 of 30
8. Question
What is the maximum tenure for a Term Loan under the MSME Prime Plus Scheme, including the moratorium period?
Correct
The maximum tenure for a Term Loan is 10 years, including the moratorium period.
Incorrect
The maximum tenure for a Term Loan is 10 years, including the moratorium period.
Unattempted
The maximum tenure for a Term Loan is 10 years, including the moratorium period.
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Question 9 of 30
9. Question
What is stated about collateral security under the MSME Prime Plus Scheme?
Correct
The MSME Prime Plus Scheme provides relaxed collateral norms.
Incorrect
The MSME Prime Plus Scheme provides relaxed collateral norms.
Unattempted
The MSME Prime Plus Scheme provides relaxed collateral norms.
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Question 10 of 30
10. Question
The concessional rate of interest under MSME Prime Plus is linked with which factors?
Correct
The concessional rate is linked with Internal Risk Rating and collateral coverage.
Incorrect
The concessional rate is linked with Internal Risk Rating and collateral coverage.
Unattempted
The concessional rate is linked with Internal Risk Rating and collateral coverage.
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Question 11 of 30
11. Question
What concession is available on Processing Fee/Upfront Fee and Documentation Charges under MSME Prime Plus?
Correct
A 50% concession is available on applicable Processing Fee, Upfront Fee and Documentation Charges.
Incorrect
A 50% concession is available on applicable Processing Fee, Upfront Fee and Documentation Charges.
Unattempted
A 50% concession is available on applicable Processing Fee, Upfront Fee and Documentation Charges.
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Question 12 of 30
12. Question
What concession is available on applicable LC & BG Commission under MSME Prime Plus?
Correct
The scheme provides a 25% concession on applicable LC & BG Commission charges.
Incorrect
The scheme provides a 25% concession on applicable LC & BG Commission charges.
Unattempted
The scheme provides a 25% concession on applicable LC & BG Commission charges.
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Question 13 of 30
13. Question
What is the primary purpose of the Construction & Mining Equipment (CME) facility?
Correct
The CME facility finances the purchase of eligible construction and mining equipment.
Incorrect
The CME facility finances the purchase of eligible construction and mining equipment.
Unattempted
The CME facility finances the purchase of eligible construction and mining equipment.
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Question 14 of 30
14. Question
Which of the following is an example of Earth-moving Equipment covered under CME?
Correct
Excavators are specifically listed among the eligible Earth-moving Equipment.
Incorrect
Excavators are specifically listed among the eligible Earth-moving Equipment.
Unattempted
Excavators are specifically listed among the eligible Earth-moving Equipment.
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Question 15 of 30
15. Question
Which of the following is listed as Concrete Equipment under the CME facility?
Correct
Concrete Mixers are included in the list of eligible Concrete Equipment.
Incorrect
Concrete Mixers are included in the list of eligible Concrete Equipment.
Unattempted
Concrete Mixers are included in the list of eligible Concrete Equipment.
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Question 16 of 30
16. Question
Which of the following is classified as Material Handling Equipment under CME?
Correct
Cranes, Forklifts and Conveyors are listed as Material Handling Equipment.
Incorrect
Cranes, Forklifts and Conveyors are listed as Material Handling Equipment.
Unattempted
Cranes, Forklifts and Conveyors are listed as Material Handling Equipment.
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Question 17 of 30
17. Question
Which of the following is an example of Road Equipment covered under CME?
Correct
Pavers are specifically included under Road Equipment.
Incorrect
Pavers are specifically included under Road Equipment.
Unattempted
Pavers are specifically included under Road Equipment.
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Question 18 of 30
18. Question
Which of the following is listed as a Construction Vehicle under the CME facility?
Correct
Dumper/Dumper Trucks and Trailers are listed as Construction Vehicles.
Incorrect
Dumper/Dumper Trucks and Trailers are listed as Construction Vehicles.
Unattempted
Dumper/Dumper Trucks and Trailers are listed as Construction Vehicles.
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Question 19 of 30
19. Question
Does the CME facility cover other Construction/Mining Equipment not specifically listed in the categories?
Correct
The scheme includes any other Construction/Mining Equipment not covered under the listed categories.
Incorrect
The scheme includes any other Construction/Mining Equipment not covered under the listed categories.
Unattempted
The scheme includes any other Construction/Mining Equipment not covered under the listed categories.
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Question 20 of 30
20. Question
Under CME, borrowers should have been in the business for at least how long?
Correct
CME eligible borrowers must be in business for at least 2 years, in addition to the Prime Plus eligibility conditions.
Incorrect
CME eligible borrowers must be in business for at least 2 years, in addition to the Prime Plus eligibility conditions.
Unattempted
CME eligible borrowers must be in business for at least 2 years, in addition to the Prime Plus eligibility conditions.
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Question 21 of 30
21. Question
What type of facility is provided under the Construction & Mining Equipment (CME) scheme?
Correct
The CME facility is provided as a Term Loan.
Incorrect
The CME facility is provided as a Term Loan.
Unattempted
The CME facility is provided as a Term Loan.
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Question 22 of 30
22. Question
What is the maximum loan amount under the Construction & Mining Equipment (CME) facility?
Correct
The maximum loan amount under CME is ₹50 crore.
Incorrect
The maximum loan amount under CME is ₹50 crore.
Unattempted
The maximum loan amount under CME is ₹50 crore.
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Question 23 of 30
23. Question
What is the minimum margin required under the CME facility?
Correct
The minimum margin under CME is 10%.
Incorrect
The minimum margin under CME is 10%.
Unattempted
The minimum margin under CME is 10%.
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Question 24 of 30
24. Question
What is the maximum repayment period under CME, including the moratorium?
Correct
Repayment is available for up to 84 months, inclusive of a moratorium of up to 3 months.
Incorrect
Repayment is available for up to 84 months, inclusive of a moratorium of up to 3 months.
Unattempted
Repayment is available for up to 84 months, inclusive of a moratorium of up to 3 months.
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Question 25 of 30
25. Question
What is the maximum moratorium period specified under the CME facility?
Correct
The CME repayment period includes a moratorium of up to 3 months.
Incorrect
The CME repayment period includes a moratorium of up to 3 months.
Unattempted
The CME repayment period includes a moratorium of up to 3 months.
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Question 26 of 30
26. Question
What is the primary security under the CME facility?
Correct
The primary security is hypothecation of all assets created out of Bank finance.
Incorrect
The primary security is hypothecation of all assets created out of Bank finance.
Unattempted
The primary security is hypothecation of all assets created out of Bank finance.
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Question 27 of 30
27. Question
What is the minimum collateral requirement under the standard CME collateral option?
Correct
The standard collateral option requires a minimum of 25% in the form of immovable property or eligible liquid security.
Incorrect
The standard collateral option requires a minimum of 25% in the form of immovable property or eligible liquid security.
Unattempted
The standard collateral option requires a minimum of 25% in the form of immovable property or eligible liquid security.
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Question 28 of 30
28. Question
Which CGTMSE coverage option is available as an alternative to the minimum 25% collateral under CME?
Correct
CME permits 100% CGTMSE coverage or 100% Hybrid Security Coverage under CGTMSE as alternatives.
Incorrect
CME permits 100% CGTMSE coverage or 100% Hybrid Security Coverage under CGTMSE as alternatives.
Unattempted
CME permits 100% CGTMSE coverage or 100% Hybrid Security Coverage under CGTMSE as alternatives.
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Question 29 of 30
29. Question
The concessional rate of interest under CME is linked with which factors?
Correct
The CME rate of interest is linked with Internal Risk Rating and collateral coverage.
Incorrect
The CME rate of interest is linked with Internal Risk Rating and collateral coverage.
Unattempted
The CME rate of interest is linked with Internal Risk Rating and collateral coverage.
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Question 30 of 30
30. Question
Under CME, criteria not specifically specified, such as Assessment, Service Charges, Rating and frequency of Inspection, are governed by which scheme?
Correct
The unspecified criteria under CME are the same as those under the MSME Prime Plus Scheme.
Incorrect
The unspecified criteria under CME are the same as those under the MSME Prime Plus Scheme.
Unattempted
The unspecified criteria under CME are the same as those under the MSME Prime Plus Scheme.