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Expand RSBDC
  • a)
    Rural small bank development corporation
  • b)
    Rashtriya Small bank development corporation
  • c)
    Rural Small Business Development Centre
  • d)
    None of these
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Expand RSBDCa)Rural small bank development corporationb)Rashtriya Smal...
RSBDC stands for Rural Small Business Development Centre.
Here is a detailed explanation of the expansion of RSBDC:
1. Rural: This term refers to areas located outside of urban or metropolitan regions. It typically includes countryside or remote areas with lower population densities.
2. Small Business: Small businesses are privately-owned enterprises that have a limited number of employees and generate a relatively low level of revenue compared to larger corporations. These businesses play a significant role in local economies and often have a more personalized approach to customer service.
3. Development: Development refers to the process of improving or growing something. In the context of RSBDC, it pertains to the enhancement and growth of small businesses in rural areas.
4. Centre: A center, in this context, is an organization or institution that provides resources, support, and services to small businesses. It serves as a hub for entrepreneurs and offers guidance and assistance in various areas of business development.
Therefore, the expansion "Rural Small Business Development Centre" (RSBDC) refers to an organization or institution that focuses on supporting and promoting the growth of small businesses in rural areas. It aims to provide resources, training, and assistance to entrepreneurs in order to enhance their business operations, increase profitability, and contribute to the economic development of rural communities.
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