MSME Quiz

Which among the following is/are not the recommendation/s of the Prime Minister's Task Force on MSMEs?

• a. Achieve a 20% year-on-year growth in credit to Micro and Small Enterprises

• b. Achieve a 15% year-on-year growth in credit to Micro Enterprises

• c. Achieve 10% annual growth in the number of Micro Enterprise accounts.

• d. 60% of the total advances to Micro and Small Enterprises sector as on preceding March 31st should go to Micro Enterprises

To avoid delayed Payment by corporate to Small Scale and Ancillary Industrial

Undertakings, in no case, the period agreed upon between the supplier and the buyer shall not exceed_________from the date of acceptance or the day of deemed acceptance.

• a.45 days

• b.60 days

• c.90 days

• d.180 days

The maximum guarantee coverage by CGTMSE is ________

• a.Rs 50 lakhs

• b.Rs 100 lakhs

• c.Rs 200 lakhs

• Rs 500 lakhs

ECAI rating should be obtained from all the Borrowers who are enjoying credit exposure (FB + NFB) of above _______ from Banks/FIs.

• a.Rs 2 crore

• b.Rs 5 crore

• c.Rs 10 crore

• d.Rs 25 crore

What is the maximum extent of guarantee (CGTMSE) coverage available to Micro Enterprises, where credit facility is above ₹ 5 lakh & up to ₹ 50 lakhs

• a. 85% of the amount in default subject to a maximum of ₹ 4.25 lakh

• b.75% of the amount in default subject to a maximum of ₹ 37.50 lakh

• c.80% of the amount in default subject to a maximum of ₹ 40 lakh

• d. 50% of the amount in default subject to a maximum of ₹ 50 lakh

What is the maximum permissible loan quantum under ‘Canara GST Loan’ scheme?

• a.Rs 5 crore

• b.Rs 10 crore

• c.Rs 25 crore

• d.No Maximum limit

Obtention of mandatory CGTMSE Cover can be waived for loans above Rs.10 lakhs upto Rs.500 lakhs, when the borrower provides primary security or primary and collateral security put together in the form of land and building/ approved securities with a minimum value of _____ of the sanctioned limit, in addition to the security of assets created out of Bank’s finance.

• a.50%

• b.75%

• c.100%

• d.125%

Audited Balance Sheet should be obtained for financial analysis, in respect of Limits above ______ or Turnover of ______ and above per annum and also where audit of balance sheet is mandatory by statute.

• a.Rs 25 lakhs, Rs 100 lakhs

• b.Rs 20 lakhs, Rs 100 lakhs

• c.Rs 25 lakhs, Rs 150 lakhs

• d.Rs 20 lakhs, Rs 150 lakhs

The Turn over method of assessment for the WC limits is applicable for MSME (Manufacturing and services) units up to working capital limit of Rs ______.

• Rs 2 crore

• Rs 3 crore

• Rs 5 crore

• Rs 10 crore

As per the latest classification, what is the investment limit for Micro Enterprises in India?

• • A) Up to ₹1 crore

• • B) Up to ₹10 lakh

• • C) Up to ₹25 lakh

• • D) Up to ₹50 lakh