Question : In 2021, which financial institution entered into a collaboration with Google India Pvt Ltd (GIPL) for piloting a social impact lending programme with financial assistance up to INR 1 crore at subsidised interest rates?
Option 1: IFCI
Option 2: NABARD
Option 3: IIFCL
Option 4: SIDBI
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Correct Answer: SIDBI
Solution : The correct option is SIDBI
SIDBI stands for Small Industries Development Bank of India . It is an independent financial institution in India that primarily focuses on providing financial support and services to micro, small, and medium-sized enterprises (MSMEs).
SIDBI plays a crucial role in promoting entrepreneurship and economic development by offering various financial products and schemes to assist MSMEs in India.
SIDBI established in 1988 by the Special Act of Parliament. It came into effect from 1990, 2nd April.
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Question : Which one is not included in Non-Banking Financial Institutions (NBFIs)?
Question : Which institution launched the Self-Help Group (SHG) Bank Linkage Programme in 1992-93?
Question : Which of the following institutions was set up in 1982 to streamline credit facilities for farmers at a national level?
Question : Ashok and Anil undertook to do a piece of work for INR 4,500. Ashok alone could do the work in 8 days and Anil in 12 days. With the assistance of Amar, they finished the work in 4 days. What is the share of Amar?
Question : Nihit started a business with INR 700. After 5 months Amit and Patel joined him with INR 300 and INR 400 respectively. At the end of the year, the business made a profit of INR 627. Find the share of Patel in the profit.
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