MUDRA LOANS Quiz

When should the Stock Statement be submitted?

• Every month

• Every week

• At annual intervals as on 31st December

• At the time of sanction

Who should sign the Stock Statement?

• Customer

• Accountant

• Authorized signatory

• Bank manager

What needs to be furnished in the stock statement?

• Details of bills discounted

• Marketing strategies

• Employee salaries

• List of holidays

What must be insured to the extent of market value?

• Office furniture

• Company vehicles

• Employee health insurance

• Stocks/fixed assets

Who bears the cost of insurance for stocks/fixed assets?

• Bank

• Insurance company

• Government

• Borrower

What is the minimum loan amount for overdraft facility to Bank mitras under Mudra?

• 50,000

• 10,000

• 75,000

• 25,000

What is the maximum loan amount for overdraft facility to Bank mitras under Mudra?

• 75,000

• 50,000

• 2,00,000

• 1,00,000

What is the minimum earning per month for loans upto 50,000?

• 2,000

• 3,000

• 4,000

• 5,000

What is the interest rate for overdraft facility to Bank mitras under Mudra?

• 5%

• 12%

• 8%

• 10%

What is the repayment period for overdraft facility to Bank mitras under Mudra?

• Within 48 months

• Within 24 months

• Within 36 months

• Within 12 months