Read Government Scheme quiz for RBI Grade B (ESI)

Dear aspirants,
We are presenting you the Government Scheme quiz for RBI Grade B ESI Section of the exam. These questions will cover the questions related to scheme launched for agriculture and allied sector, MSME sector etc which are very important from exam point of view. Also do read the answers provided at the end of quiz.

1. Which of the following is/are true about Dairy Processing & Infrastructure Development Fund
   a) The total outlay of the scheme is Rs 10,881crore
   b) The scheme covers the period from 2017-18 to 2028-2029
   c) The end borrowers will get the loan @ 8.5% per annum
   d) It will be implemented by National Dairy Development Board (NDDB) and National Dairy Development Cooperation (NCDC)
   Select the correct answer from following options:
   1. Only a, b and c
   2. Only a, b and d
   3. Only b, c and d
   4. All are correct
2. Recently Government has increased the authorized capital of NABARD from Rs 5,000 crore to what amount?
   1. Rs 10000 crore
   2. Rs 15000 crore
   3. Rs 20000 crore
   4. Rs 30000 crore
3. Who launched the project ‘E-Shakti’ to digitize the accounts of Self-Help Groups (SHG)?
   1. NABARD
   2. Reserve Bank of India
   3. SIDBI
   4. Ministry of Finance
4. For how many year government has exempted the Farmer Producer Companies from tax?
   1. 3 years
   2. 5 years
   3. 7 years
   4. 10 years
5. Which of the following is/are true about Interest Subvention Scheme for crop loans?
   a) The scheme provides concessional of 2% per annum for crop loans to farmers at 7% rate of interest
   b) The loan up to Rs.3 lakh is eligible to be considered under the scheme
   c) An additional interest subvention of 3 per cent per annum is available to the “prompt payee farmers
   d) It will be implemented by National Dairy Development Board (NDDB) and National Dairy Development Cooperation (NCDC)
   Select the correct answer from following options:
   1. Only a, b and c
   2. Only a, b and d
   3. Only b, c and d
   4. All are correct
6. The government has recently changes the basis of classification of MSME from ‘investment in plant & machinery/equipment’ to ‘annual turnover’. Accordingly an enterprise is said to be classified as ‘Micro Enterprise’ if its annual turnover ________?
   1. Does not exceed five crore rupees
   2. More than 5 crore rupees to Rs 75 crore
   3. 75 crore rupees to Rs 250 crore
   4. More than 250 crore
7. The government has recently changes the basis of classification of MSME from ‘investment in plant & machinery/equipment’ to ‘annual turnover’. Accordingly an enterprise is said to be classified as ‘Small Enterprise’ if its annual turnover ________?
   1. Does not exceed five crore rupees
   2. More than 5 crore rupees to Rs 75 crore
   3. 75 crore rupees to Rs 250 crore
   4. More than 250 crore
8. The government has recently changes the basis of classification of MSME from ‘investment in plant & machinery/equipment’ to ‘annual turnover’. Accordingly an enterprise is said to be classified as ‘Medium Enterprise’ if its annual turnover ________?
   1. Does not exceed five crore rupees
   2. More than 5 crore rupees to Rs 75 crore
   3. 75 crore rupees to Rs 250 crore
   4. More than 250 crore
9. How many Champion Services Sectors has been identified by Ministry of Commerce and Industry for Special Focus?
   1. 10
   2. 12
   3. 14
   4. 16
10. An entity is considered start-up up to how many year of its date of incorporation?
    1. 5 years
    2. 6 years
    3. 7 years
    4. 10 years

Answers

1. 2
   The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi has approved a Dairy Processing & Infrastructure Development Fund” (DIDF) with an outlay of Rs 10,881 crore during the period from 2017-18 to 2028-29. The project will be implemented by National Dairy Development Board (NDDB) and National Dairy Development Cooperation (NCDC) directly through the End Borrowers such as Milk Unions, State Dairy Federations, Multi-state Milk Cooperatives, Milk Producer Companies and NDDB subsidiaries meeting the eligibility criteria under the project Read complete details at http://pib.nic.in/newsite/printrelease.aspx?relid=170712
2. 4
   The bill to increase authorised capital of National Bank for Agriculture and Rural Development (Nabard) by six times to Rs30,000 crore and enable exit of Reserve Bank of India (RBI) was passed by Parliament
3. 1
   NABARD launched a project ‘E-Shakti’ for digitisation of all Self Help Group (SHG) in the country. The project is being implemented in 100 districts across the country
4. 2
   The government has exempted profits from tax for a period of five years from the next financial year for FPC.
5. 4
6. 1
   To be classified as Micro Enterprise, the annual turnover does not exceed five crore rupees
7. 2
   To be classified as Small Enterprise, the annual turnover is more than 5 crore rupees to Rs 75 crore
8. 3
   To be classified as Micro Enterprise, the annual turnover more than 75 crore rupees to Rs 250 crore
9. 2
10. 3
    An entity shall be considered as a Startup up to seven years from the date of its incorporation/ registration (from earlier 5 years)

You may also like to read following MCQs for RBI Grade B exam: 

• Read SIDBI Quiz
• [Part 3]: BASEL questions
• Read Regulator of banks and FI Quiz
• Read quiz on CRR, SLR, MSF, LAF

Click to go to RBI Grade B Preparation Page  | Click to read more such quizzes

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