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Consider the following statements.
1. Retail and wholesale traders are included in the micro, small and medium enterprises (MSMEs) classification.
2. Retail and wholesale traders are not eligible for priority sector lending under RBI framework.
3. Emergency Credit Line Guarantee Scheme (ECLGS) includes support to MSMEs.
Which of the above statements is/are correct?
- a)3 only
- b)1, 3
- c)2, 3
- d)1, 2, 3
Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements.1. Retail and wholesale traders are ...
The Reserve Bank of India (RBI) has notified the inclusion of retail and wholesale trade under the ambit of the MSME (micro, small and medium enterprise) category.
This will help retail and wholesale trade benefit from priority sector lending under RBI guidelines.
As many as 2.5 crore retail and wholesale traders stand to benefit from the revised guidelines. The move will also let them register on the Udyam portal for MSMEs.
Udyam Registration portal is the government’s official portal to register an MSME. The beneficiaries of the new change would be retail and wholesale trade and repair of motor vehicles and motorcycles, retail trade except of motor vehicles and motorcycles, and wholesale trade except of motor vehicles and motorcycles.
In order to mitigate the stress caused by the Covid-19 pandemic on several sectors across the country, the government has announced an Emergency Credit Line Guarantee Scheme, which incorporates ECLGS 1.0, ECLGS 2.0 and ECLGS 3.0. The scheme aimed to provide Rs 3 lakh crore worth of collateral-free, government-guaranteed loans to micro, small and medium enterprises (MSMEs) across India to mitigate the distress caused by the coronavirus-induced lockdown.
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Consider the following statements.1. Retail and wholesale traders are included in the micro, small and medium enterprises (MSMEs) classification.2. Retail and wholesale traders are not eligible for priority sector lending under RBI framework.3. Emergency Credit Line Guarantee Scheme (ECLGS) includes support to MSMEs.Which of the above statements is/are correct?a)3 onlyb)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements.1. Retail and wholesale traders are included in the micro, small and medium enterprises (MSMEs) classification.2. Retail and wholesale traders are not eligible for priority sector lending under RBI framework.3. Emergency Credit Line Guarantee Scheme (ECLGS) includes support to MSMEs.Which of the above statements is/are correct?a)3 onlyb)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements.1. Retail and wholesale traders are included in the micro, small and medium enterprises (MSMEs) classification.2. Retail and wholesale traders are not eligible for priority sector lending under RBI framework.3. Emergency Credit Line Guarantee Scheme (ECLGS) includes support to MSMEs.Which of the above statements is/are correct?a)3 onlyb)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements.1. Retail and wholesale traders are included in the micro, small and medium enterprises (MSMEs) classification.2. Retail and wholesale traders are not eligible for priority sector lending under RBI framework.3. Emergency Credit Line Guarantee Scheme (ECLGS) includes support to MSMEs.Which of the above statements is/are correct?a)3 onlyb)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer?.
Consider the following statements.1. Retail and wholesale traders are included in the micro, small and medium enterprises (MSMEs) classification.2. Retail and wholesale traders are not eligible for priority sector lending under RBI framework.3. Emergency Credit Line Guarantee Scheme (ECLGS) includes support to MSMEs.Which of the above statements is/are correct?a)3 onlyb)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements.1. Retail and wholesale traders are included in the micro, small and medium enterprises (MSMEs) classification.2. Retail and wholesale traders are not eligible for priority sector lending under RBI framework.3. Emergency Credit Line Guarantee Scheme (ECLGS) includes support to MSMEs.Which of the above statements is/are correct?a)3 onlyb)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements.1. Retail and wholesale traders are included in the micro, small and medium enterprises (MSMEs) classification.2. Retail and wholesale traders are not eligible for priority sector lending under RBI framework.3. Emergency Credit Line Guarantee Scheme (ECLGS) includes support to MSMEs.Which of the above statements is/are correct?a)3 onlyb)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer?.
Solutions for Consider the following statements.1. Retail and wholesale traders are included in the micro, small and medium enterprises (MSMEs) classification.2. Retail and wholesale traders are not eligible for priority sector lending under RBI framework.3. Emergency Credit Line Guarantee Scheme (ECLGS) includes support to MSMEs.Which of the above statements is/are correct?a)3 onlyb)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Current Affairs.
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Consider the following statements.1. Retail and wholesale traders are included in the micro, small and medium enterprises (MSMEs) classification.2. Retail and wholesale traders are not eligible for priority sector lending under RBI framework.3. Emergency Credit Line Guarantee Scheme (ECLGS) includes support to MSMEs.Which of the above statements is/are correct?a)3 onlyb)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Consider the following statements.1. Retail and wholesale traders are included in the micro, small and medium enterprises (MSMEs) classification.2. Retail and wholesale traders are not eligible for priority sector lending under RBI framework.3. Emergency Credit Line Guarantee Scheme (ECLGS) includes support to MSMEs.Which of the above statements is/are correct?a)3 onlyb)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Consider the following statements.1. Retail and wholesale traders are included in the micro, small and medium enterprises (MSMEs) classification.2. Retail and wholesale traders are not eligible for priority sector lending under RBI framework.3. Emergency Credit Line Guarantee Scheme (ECLGS) includes support to MSMEs.Which of the above statements is/are correct?a)3 onlyb)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Consider the following statements.1. Retail and wholesale traders are included in the micro, small and medium enterprises (MSMEs) classification.2. Retail and wholesale traders are not eligible for priority sector lending under RBI framework.3. Emergency Credit Line Guarantee Scheme (ECLGS) includes support to MSMEs.Which of the above statements is/are correct?a)3 onlyb)1, 3c)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Current Affairs tests.
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