Question 1/5
Q1. With reference the Pradhan Mantri MUDRA Yojana (PMMY), consider the following statements:
- Banks can draw refinance under the Scheme after becoming member-lending institutions of MUDRA.
- Mudra Loans are available for agricultural activities up to Rs. 5 lakh.
- Loans under the MUDRA Yojana are collateral-free loans.
How many of the statements given above are correct?
Question 2/5
Q2.
With reference to the difference between the White Rhino and Indian Rhino, consider the following statements:
- The White Rhino has two horns while the Indian Rhino is one-horned.
- The White Rhino is declared ‘critically endangered by the International Union for Conservation of Nature (IUCN), while the status of the Indian Rhino is ‘vulnerable’.
Which of the statements given above is/are correct?
Question 3/5
Q3.
With reference to Microfinance institutions (MFIs) in India, consider the following statements:
- Microfinance Institutions (MFIs) are regulated by the Reserve Bank of India.
- There is no requirement of keeping any primary security with the lender at any stage of the microfinance loan.
Which of the statements given above is/are correct?