MCQ
Credit guarantees MCQ - Practice Questions with Answers
Solve 2 Credit guarantees questions for RAS/RPSC preparation.
Practice questions
Q1Consider the following statements about ECLGS 5.0: 1. It must continue until 31 March 2027 even if the guarantee ceiling is reached earlier. 2. It seeks to facilitate additional lending of up to ₹2.55 lakh crore. Which of the statements given above is/are correct?
Explanation
Statement 1 is incorrect: the scheme ends on 31 March 2027 or when guarantees of ₹2.55 lakh crore are issued, whichever occurs first. Statement 2 correctly states the intended additional lending ceiling.
Q2Consider the following statements about ECLGS 5.0: 1. It is implemented by the National Credit Guarantee Trustee Company. 2. It excludes scheduled passenger airlines from its scope. Which of the statements given above is/are correct?
Explanation
Statement 1 is correct: the National Credit Guarantee Trustee Company implements ECLGS 5.0. Statement 2 is incorrect: scheduled passenger airlines are included alongside eligible MSMEs and eligible non-MSME business borrowers.
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