InterviewSolution
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InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
MSMEs are important for the nation’s economy because they significantly contribute to ……………(a) industrial production (b) exports (c) employment (d) all the above |
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Answer» (d) all the above |
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| 2. |
Self help groups convert the savings into a common fund known as ………(a) Common fund (b) Group corpus fund (c) Group fund(d) none of the above |
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Answer» (b) Group corpus fund |
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| 3. |
Explain any three features of Self Help Group. |
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Answer» 1. The motto of every group members should be “saving first – credit latter” 2. Self Help Group is homogeneous in terms of economic status. 3. The ideal size of a Self Help Group ranges between 10 and 20 members. |
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| 4. |
What is the role and significance of MSMEs in Indian Economy? |
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Answer» Entrepreneurship is the key for economic development of any country. By empowering entrepreneur, MSME sector provides more employment opportunity to the people of India. It helps towards the industrialization of rural and backward areas. This sector reduces regional imbalance. It provides equality distribution of national’ income and wealth. |
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| 5. |
World Association of Small & Medium enterprises (WASME) |
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Answer» WASME is a global non-profit organization. Headquarters is at Noida. |
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| 6. |
Ministry of MSME and its functions. |
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Answer» MSME – Micro, Small, Medium Enterprises. Ministry : Ministry of MSME, a branch of the Government of India, is the apex body for the formulation and administration of rules, regulations and laws relating to MSME in India. Functions: MSME : consequent to the increased globalization of the Indian economy and changed industrial environment. MSME is currently focusing on providing support in the fields of credit, marketing, technology and infrastructure to MSME. |
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| 7. |
Give examples for Public Sector Banks. |
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Answer» State Bank of India, Indian Bank, Indian Overseas Bank, Canara Bank. |
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| 8. |
“Mahalir Thittam” project was launched during ………(a) 1997 – 98 (b)1999 – 99 (c) 1999 – 2000 (d) 2000 – 2001 |
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Answer» “Mahalir Thittam” project was launched during 1997 – 98. |
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