MUDRA Loan Categories under PMMY
CMAT 2024 · Innovation & Entrepreneurship · Easy · Innovation and Entrepreneurship
Which of the following statements are correct? (A) MUDRA loans under PMMY include Shishu Category (B) MUDRA loans under PMMY include Kishore Category (C) MUDRA loans under PMMY include Shaishav Category (D) MUDRA loans under PMMY include Tarun Category (E) MUDRA loans under PMMY include Vyask Category
Choose the correct answer from the options given below:
- A.
(C), (B) and (E) only
- B.
(C), (B) and (D) only
- C.
(A), (B) and (E) only
- D.
(A), (B) and (D) only
D
Explanation
The Pradhan Mantri MUDRA Yojana (PMMY) provides loans under three categories:
- Shishu: Loans up to ₹50,000.
- Kishore: Loans from ₹50,001 to ₹5 lakh.
- Tarun: Loans from ₹5,00,001 to ₹10 lakh.
Therefore, (A), (B), and (D) are correct.
Related Innovation and Entrepreneurship questions
- #3028Sequence of Entrepreneurship Creativity StagesCMATINEMCQMedium
- #3029Scaling Up a Business RequirementsCMATINEMCQMedium
- #3030Stages of Design ThinkingCMATINEMCQEasy
- #3031Not Part of EDPCMATINEMCQEasy
- #3032Initiative for New Age Ideas and EnterprisesCMATINEMCQEasy
- #3033Statements on State Involvement in BusinessesCMATINEMCQHard
- #3034Not a Form of Business OrganisationCMATINEMCQEasy
- #3035Factors to Estimate Market PotentialCMATINEMCQMedium
Practise this under exam conditions
Sign in to solve it with a live timer, the on-screen CAT calculator, and streak and accuracy tracking across every question you attempt.
Solve in the workspace