Read SIDBI Quiz for RBI Grade B Finance Section

Dear aspirants,
We are presenting you the SIDBI Quiz for RBI Grade B for Finance and Management Section of the exam. Before you go through the quiz we will recommend you to read the following topics:

• Small Industries Development Bank of India (SIDBI)
• MUDRA

Here is the SIDBI Quiz for RBI Grade B:

1. When was SIDBI established?
   1. 12 July, 1982
   2. 2^nd April, 1990
   3. 9^th July, 1988
   4. 1^st January, 1982
2. What is one of the major objectives of SIDBI?
   1. Principal Financial Institution for Promotion, Financing and Development of Agriculture sector in India
   2. Principal Financial Institution for Promotion, Financing and Development of Housing sector in India
   3. Principal Financial Institution for Promotion, Financing and Development of Export sector in India
   4. Principal Financial Institution for Promotion, Financing and Development of MSME sector in India
3. Which among the following is not an initiative of SIDBI?
   1. SIDBI Venture Capital Limited
   2. MUDRA
   3. Rural Infrastructure Development Fund
   4. Trade Receivables and Discounting Systems (TReDS)
4. Who has the majority shareholding in SIDBI?
   1. Government of India
   2. State Bank of India
   3. Life Insurance Corporation of India
   4. National Bank for Agriculture & Rural Development
5. What is the authorised capital of SIDBI?
   1. Rs 100 crore
   2. Rs 500 crore
   3. Rs 750 crore
   4. Rs 1000 crore
6. What is the paid up capital of SIDBI?
   1. Rs 100 crore
   2. Rs 250 crore
   3. Rs 300 crore
   4. Rs 450 crore
7. Which one out of the following subsidiaries has been set up by SIDBI with the concept of “funding the unfunded” micro enterprises?
   1. SIDBI Venture Capital Limited
   2. Micro Units Development & Refinance Agency Ltd (MUDRA)
   3. SIDBI Trustee Company Limited
   4. India SME Asset Reconstruction Company ltd
8. What is the authorised capital of MUDRA?
   1. Rs 1000 crore
   2. Rs 2500 crore
   3. Rs 5000 crore
   4. Rs 10000 crore
9. What is the maximum limit of loan that can be availed under under Pradhan Mantri Mudra Yojana?
   1. Rs 50,000
   2. Rs 1,00,000
   3. Rs 5,00,000
   4. Rs 10,00,000
10. According to funding needs, under how many categories beneficiaries are divided under MUDRA?
    1. 1
    2. 2
    3. 3
    4. 4

Answers

1. 1
   Small Industries Development Bank of India (SIDBI) set up on 2nd April 1990 under an Act of Indian Parliament.
2. 4
   SIDBI acts as the Principal Financial Institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector and for Co-ordination of the functions of the institutions engaged in similar activities
3. 3
   Some of the initiatives of SIDBI are MUDRA, SIDBI Venture Capital Limited, CGTMSE, Receivables Exchange of India Ltd, SMERA, India SME Asset Reconstruction Company ltd, India SME Technology Services Limited.

4. 2
   SIDBI was established by government of India along with capital contribution from State Bank of India and other public sector banks, insurance companies and all India Financial Institutions. Shareholding pattern of SIDBI is State Bank of India – 16.73%, Government of India – 15.40%, LIC – 14.25%, NABARD – 10% and rest of others.
5. 4
   The authorised capital of the SIDBI is Rs. 1000 crore
6. 4
   The paid capital of the SIDBI is Rs. 450 crore
7. 2
   Micro Units Development & Refinance Agency Ltd (MUDRA) has been set up on April 08, 2015 as a wholly owned subsidiary of SIDBI for “funding the unfunded” micro enterprises in the country
8. 3
   MUDRA was started with authorised capital of INR 5000 crores
9. 4
   MUDRA’s refinance support has facilitated cheaper funds to lending institutions for expanding their lending upto INR 10 lakh
10. 3
    The beneficiaries are divided into three categories: Shishu, Kishor and Tarun

We hope you liked the quiz. We will post another SIDBI Quiz for RBI Grade B shortly.

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