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TOTAL QUESTION: 20
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Your results are here!! for" Pradhan Mantri MUDRA Yojana (PMMY) "
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Question 1 of 20
1. Question
Which ministry is responsible for the Pradhan Mantri Mudra Yojana (PMMY)?
Correct
PMMY is listed under the Ministry of Finance.
Incorrect
PMMY is listed under the Ministry of Finance.
Unattempted
PMMY is listed under the Ministry of Finance.
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Question 2 of 20
2. Question
What is Pradhan Mantri Mudra Yojana primarily designed to facilitate?
Correct
PMMY facilitates micro credit or loans for income-generating micro enterprises.
Incorrect
PMMY facilitates micro credit or loans for income-generating micro enterprises.
Unattempted
PMMY facilitates micro credit or loans for income-generating micro enterprises.
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Question 3 of 20
3. Question
What is the maximum loan amount that can be facilitated under PMMY according to the given details?
Correct
The scheme facilitates micro credit or loans up to Rs. 20 lakhs.
Incorrect
The scheme facilitates micro credit or loans up to Rs. 20 lakhs.
Unattempted
The scheme facilitates micro credit or loans up to Rs. 20 lakhs.
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Question 4 of 20
4. Question
Which type of sector is primarily covered by PMMY?
Correct
PMMY covers income-generating micro enterprises in the non-farm sector.
Incorrect
PMMY covers income-generating micro enterprises in the non-farm sector.
Unattempted
PMMY covers income-generating micro enterprises in the non-farm sector.
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Question 5 of 20
5. Question
Which of the following is an activity specifically mentioned as allied to agriculture under PMMY?
Correct
Poultry, dairy and beekeeping are examples of activities allied to agriculture covered under the scheme.
Incorrect
Poultry, dairy and beekeeping are examples of activities allied to agriculture covered under the scheme.
Unattempted
Poultry, dairy and beekeeping are examples of activities allied to agriculture covered under the scheme.
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Question 6 of 20
6. Question
Who extends financial assistance under PMMY to eligible income-generating activities?
Correct
Financial assistance is extended by Member Lending Institutions (MLIs).
Incorrect
Financial assistance is extended by Member Lending Institutions (MLIs).
Unattempted
Financial assistance is extended by Member Lending Institutions (MLIs).
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Question 7 of 20
7. Question
Which type of entities are primarily supported by PMMY?
Correct
PMMY supports non-corporate, non-farm income-generating activities of micro and small entities.
Incorrect
PMMY supports non-corporate, non-farm income-generating activities of micro and small entities.
Unattempted
PMMY supports non-corporate, non-farm income-generating activities of micro and small entities.
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Question 8 of 20
8. Question
Which of the following is an eligible Member Lending Institution (MLI) under PMMY?
Correct
Public Sector Banks are included among eligible Member Lending Institutions.
Incorrect
Public Sector Banks are included among eligible Member Lending Institutions.
Unattempted
Public Sector Banks are included among eligible Member Lending Institutions.
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Question 9 of 20
9. Question
Which of the following is included among the institutions through which PMMY loans can be availed?
Correct
Small Finance Banks are included among eligible Member Lending Institutions.
Incorrect
Small Finance Banks are included among eligible Member Lending Institutions.
Unattempted
Small Finance Banks are included among eligible Member Lending Institutions.
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Question 10 of 20
10. Question
What does MFI represent among the eligible PMMY lending institutions?
Correct
MFI stands for Micro Finance Institution.
Incorrect
MFI stands for Micro Finance Institution.
Unattempted
MFI stands for Micro Finance Institution.
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Question 11 of 20
11. Question
Who declares the interest rates on PMMY loans from time to time?
Correct
Member Lending Institutions declare the interest rates from time to time as per RBI guidelines.
Incorrect
Member Lending Institutions declare the interest rates from time to time as per RBI guidelines.
Unattempted
Member Lending Institutions declare the interest rates from time to time as per RBI guidelines.
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Question 12 of 20
12. Question
The applicable interest rate on PMMY loans is determined based on which guidelines?
Correct
Interest rates are determined by Member Lending Institutions as per Reserve Bank of India guidelines.
Incorrect
Interest rates are determined by Member Lending Institutions as per Reserve Bank of India guidelines.
Unattempted
Interest rates are determined by Member Lending Institutions as per Reserve Bank of India guidelines.
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Question 13 of 20
13. Question
What is the maximum loan amount covered under the Shishu category of PMMY?
Correct
Shishu loans cover loans up to Rs. 50,000.
Incorrect
Shishu loans cover loans up to Rs. 50,000.
Unattempted
Shishu loans cover loans up to Rs. 50,000.
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Question 14 of 20
14. Question
What loan range is covered under the Kishore category of PMMY?
Correct
Kishore covers loans above Rs. 50,000 and up to Rs. 5 lakhs.
Incorrect
Kishore covers loans above Rs. 50,000 and up to Rs. 5 lakhs.
Unattempted
Kishore covers loans above Rs. 50,000 and up to Rs. 5 lakhs.
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Question 15 of 20
15. Question
What loan range is covered under the Tarun category of PMMY?
Correct
Tarun covers loans above Rs. 5 lakhs and up to Rs. 10 lakhs.
Incorrect
Tarun covers loans above Rs. 5 lakhs and up to Rs. 10 lakhs.
Unattempted
Tarun covers loans above Rs. 5 lakhs and up to Rs. 10 lakhs.
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Question 16 of 20
16. Question
Who can avail loans under the Tarun Plus category?
Correct
Tarun Plus provides loans up to Rs. 20 lakh to entrepreneurs who have successfully repaid previous Tarun-category loans.
Incorrect
Tarun Plus provides loans up to Rs. 20 lakh to entrepreneurs who have successfully repaid previous Tarun-category loans.
Unattempted
Tarun Plus provides loans up to Rs. 20 lakh to entrepreneurs who have successfully repaid previous Tarun-category loans.
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Question 17 of 20
17. Question
What is stated about upfront fee or processing charges for Shishu loans by most banks?
Correct
The upfront fee or processing charges for Shishu loans are waived by most banks.
Incorrect
The upfront fee or processing charges for Shishu loans are waived by most banks.
Unattempted
The upfront fee or processing charges for Shishu loans are waived by most banks.
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Question 18 of 20
18. Question
Which statement is correct regarding agents or middlemen for PMMY loans?
Correct
MUDRA does not engage agents or middlemen for availing Mudra loans.
Incorrect
MUDRA does not engage agents or middlemen for availing Mudra loans.
Unattempted
MUDRA does not engage agents or middlemen for availing Mudra loans.
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Question 19 of 20
19. Question
Which of the following is an eligible borrower category under PMMY?
Correct
Individuals are specifically included among eligible borrowers under PMMY.
Incorrect
Individuals are specifically included among eligible borrowers under PMMY.
Unattempted
Individuals are specifically included among eligible borrowers under PMMY.
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Question 20 of 20
20. Question
What credit-related condition should an applicant satisfy for PMMY eligibility?
Correct
The applicant should not be a defaulter to any bank or financial institution and should have a satisfactory credit track record.
Incorrect
The applicant should not be a defaulter to any bank or financial institution and should have a satisfactory credit track record.
Unattempted
The applicant should not be a defaulter to any bank or financial institution and should have a satisfactory credit track record.