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TOTAL QUESTION: 20
TOTAL TIME= 20 MIN
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Your results are here!! for" PM Vishwakarma "
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Question 1 of 20
1. Question
What is the primary purpose of the e-PM Vishwakarma facility?
Correct
The facility provides credit support to artisans or craftspersons engaged in activities permitted under the scheme.
Incorrect
The facility provides credit support to artisans or craftspersons engaged in activities permitted under the scheme.
Unattempted
The facility provides credit support to artisans or craftspersons engaged in activities permitted under the scheme.
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Question 2 of 20
2. Question
What type of loan facility is specified under e-PM Vishwakarma?
Correct
The facility is a Working Capital Demand Loan (WCDL).
Incorrect
The facility is a Working Capital Demand Loan (WCDL).
Unattempted
The facility is a Working Capital Demand Loan (WCDL).
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Question 3 of 20
3. Question
Which applications are eligible under the e-PM Vishwakarma guidelines provided?
Correct
All applications allocated to the Bank on the PM Vishwakarma portal are covered under the stated eligibility.
Incorrect
All applications allocated to the Bank on the PM Vishwakarma portal are covered under the stated eligibility.
Unattempted
All applications allocated to the Bank on the PM Vishwakarma portal are covered under the stated eligibility.
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Question 4 of 20
4. Question
What is the maximum loan amount under the first tranche of e-PM Vishwakarma?
Correct
The first tranche provides a maximum loan amount of Rs. 1.00 lakh.
Incorrect
The first tranche provides a maximum loan amount of Rs. 1.00 lakh.
Unattempted
The first tranche provides a maximum loan amount of Rs. 1.00 lakh.
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Question 5 of 20
5. Question
What is the tenure of the first tranche loan under e-PM Vishwakarma?
Correct
The first tranche has a tenure of 18 months.
Incorrect
The first tranche has a tenure of 18 months.
Unattempted
The first tranche has a tenure of 18 months.
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Question 6 of 20
6. Question
What is the maximum loan amount under the second tranche?
Correct
The second tranche provides a maximum loan amount of Rs. 2.00 lakh.
Incorrect
The second tranche provides a maximum loan amount of Rs. 2.00 lakh.
Unattempted
The second tranche provides a maximum loan amount of Rs. 2.00 lakh.
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Question 7 of 20
7. Question
What is the tenure of the second tranche loan?
Correct
The second tranche has a tenure of 30 months.
Incorrect
The second tranche has a tenure of 30 months.
Unattempted
The second tranche has a tenure of 30 months.
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Question 8 of 20
8. Question
What account status is required for eligibility for the second tranche?
Correct
Beneficiaries must maintain a standard loan account to be eligible for the second tranche.
Incorrect
Beneficiaries must maintain a standard loan account to be eligible for the second tranche.
Unattempted
Beneficiaries must maintain a standard loan account to be eligible for the second tranche.
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Question 9 of 20
9. Question
Which business-related activity is required for eligibility for the second tranche?
Correct
The beneficiary must have adopted digital transactions in the business.
Incorrect
The beneficiary must have adopted digital transactions in the business.
Unattempted
The beneficiary must have adopted digital transactions in the business.
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Question 10 of 20
10. Question
How long must the beneficiary undergo Advanced Skill Training to become eligible for the second tranche?
Correct
The guidelines require Advanced Skill Training of 15 days.
Incorrect
The guidelines require Advanced Skill Training of 15 days.
Unattempted
The guidelines require Advanced Skill Training of 15 days.
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Question 11 of 20
11. Question
What must happen to the first tranche loan before the second tranche can be granted?
Correct
The first tranche loan must be fully repaid.
Incorrect
The first tranche loan must be fully repaid.
Unattempted
The first tranche loan must be fully repaid.
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Question 12 of 20
12. Question
When can the second tranche be granted in relation to the disbursement of the first tranche?
Correct
The second tranche cannot be granted before six months from the disbursement of the first tranche loan.
Incorrect
The second tranche cannot be granted before six months from the disbursement of the first tranche loan.
Unattempted
The second tranche cannot be granted before six months from the disbursement of the first tranche loan.
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Question 13 of 20
13. Question
What is the margin requirement under the e-PM Vishwakarma facility?
Correct
The margin under the guidelines is Nil.
Incorrect
The margin under the guidelines is Nil.
Unattempted
The margin under the guidelines is Nil.
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Question 14 of 20
14. Question
How is the loan amount assessed under e-PM Vishwakarma?
Correct
The loan amount requested is subject to the maximum amount permitted under the respective tranche as per scheme guidelines.
Incorrect
The loan amount requested is subject to the maximum amount permitted under the respective tranche as per scheme guidelines.
Unattempted
The loan amount requested is subject to the maximum amount permitted under the respective tranche as per scheme guidelines.
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Question 15 of 20
15. Question
How is the e-PM Vishwakarma loan limit secured according to the guidelines?
Correct
The limit is secured by CGTMSE coverage.
Incorrect
The limit is secured by CGTMSE coverage.
Unattempted
The limit is secured by CGTMSE coverage.
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Question 16 of 20
16. Question
Who bears the cost of the CGTMSE guarantee fee under e-PM Vishwakarma?
Correct
The Government bears the cost of the guarantee fee.
Incorrect
The Government bears the cost of the guarantee fee.
Unattempted
The Government bears the cost of the guarantee fee.
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Question 17 of 20
17. Question
What rate is charged to the beneficiary for a standard e-PM Vishwakarma account?
Correct
For a standard account, 5.00% interest is charged to the beneficiary and the Bank claims subvention for the remaining 8%.
Incorrect
For a standard account, 5.00% interest is charged to the beneficiary and the Bank claims subvention for the remaining 8%.
Unattempted
For a standard account, 5.00% interest is charged to the beneficiary and the Bank claims subvention for the remaining 8%.
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Question 18 of 20
18. Question
What interest rate is charged to the borrower when the account remains in NPA category?
Correct
For NPA accounts, 13.00% p.a. is charged because interest subvention is not received while the account remains NPA.
Incorrect
For NPA accounts, 13.00% p.a. is charged because interest subvention is not received while the account remains NPA.
Unattempted
For NPA accounts, 13.00% p.a. is charged because interest subvention is not received while the account remains NPA.
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Question 19 of 20
19. Question
What is the requirement regarding the Credit Information Report (CIR)?
Correct
The guidelines require no default in the Credit Information Report.
Incorrect
The guidelines require no default in the Credit Information Report.
Unattempted
The guidelines require no default in the Credit Information Report.
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Question 20 of 20
20. Question
Which statement correctly describes disbursement and other features of e-PM Vishwakarma?
Correct
The loan is disbursed in the borrower‘s operative account, with fully digitalized sanction, instant disbursal, no physical documentation and no processing fees or margin.
Incorrect
The loan is disbursed in the borrower‘s operative account, with fully digitalized sanction, instant disbursal, no physical documentation and no processing fees or margin.
Unattempted
The loan is disbursed in the borrower‘s operative account, with fully digitalized sanction, instant disbursal, no physical documentation and no processing fees or margin.