4. Consider the following statements, regarding MUDRA Bank,

1] This Bank would be responsible for regulating and refinancing all Micro-finance Institutions (MFI) which are in the business of lending to micro/small business entities engaged in manufacturing, trading and services activities.

2] The Bank would partner with state level/regional level co-ordinators to provide finance to Last Mile Financer of small/micro business enterprises.

Which of the above statements is/are incorrect?

a) 1 Only

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b) 2 Only

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c) Both 1 and 2

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d) Neither 1 nor 2

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Solution

The correct option is C c) Both 1 and 2

Ans c)Both 1 and 2

Both the statements are correct.

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Similar questions

5. Consider the following statements,

Which of the following statements is/are incorrect?

c) Both 1 and 2
d) Neither 1 nor 2
a) 1 only
b) 2 only

Bandhan Financial Services, a Micro Financial Institution (MFI), on 23 August 2015 started operations as a Scheduled Commercial Bank (SCB). Henceforth it will be called as Bandhan Bank. Consider the following statements:

Which of the above statement(s) is/are incorrect?

Only 1 & 3
Only 4
Only 2 & 4
Only 1, 2 & 4

RBI grants ‘in-principle’ approval to 10 applicants for Small Finance Banks. Consider the following statements regarding Small Finance Banks:

1) Small Finance Banks aim to address financial inclusion.

2) The minimum paid-up capital requirement for these banks would be Rs 100 crore only.

3) At least 50% of the loans should constitute loans and advances of up to Rs 25 lakhs.

Which of the above statements are correct?

Q. Assertion :MFIs refers to Micro Finance Institutes. Reason: MFIs provide financial service to the poor households.

Q. Consider the following statements about the idea of 'micro-finance' in India and select the correct ones using the code give below:
1. Micro-finance is a small-scale financial intermediation, inclusive of savings, credit, insurance, business services and technical support provided to the needy borrower.
2. The thrust of the micro finance initiative is to channelize production and consumption credit in multiple does based on the absorption capacity of the prospective borrower.
3. It has evolved through following different models at different times - a 'charity based model' to a 'third-based model' and finally to the 'trust and creditworthiness model'.
4. It was in Australia where evolved the link between microfinance institutions and the formal financial institutions.

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The correct option is C c) Both 1 and 2 Ans c)Both 1 and 2 Both the statements are correct.

The correct option is C c) Both 1 and 2

Ans c)Both 1 and 2

Both the statements are correct.