MCQ

ECLGS MCQ - Practice Questions with Answers

Solve 3 ECLGS questions for RAS/RPSC preparation.

Practice questions

Q1Consider the following statements regarding ECLGS 5.0 (data as of 9 June 2026): 1. The MSME sector accounts for 96% of the guarantees by number. 2. Private Sector Banks account for 96% of the guarantees issued. Which of the statements given above is/are correct?

A 1 only

B 2 only

C Both 1 and 2

D Neither 1 nor 2

Explanation

Statement 1 is correct: the MSME sector accounts for 96% of guarantees by number (and 86% by value) under ECLGS 5.0 as of 9 June 2026. Statement 2 is incorrect: it is the Public Sector Banks, not Private Sector Banks, that account for 96% of the guarantees issued. The scheme had crossed one lakh guarantees (1,06,549) totalling Rs 48,484.26 crore.

Q2Consider the following statements regarding ECLGS 5.0 (as of 9 June 2026): 1. It was approved by the Union Cabinet on 5 May 2026. 2. The MSME sector accounts for 96% of guarantees by number and 86% of the total guaranteed amount. 3. Private Sector Banks account for 96% of the guarantees issued. Which of the statements given above are correct?

A 1 and 3 only

B 1 and 2 only

C 2 and 3 only

D 1, 2 and 3

Explanation

Statements 1 and 2 are correct: ECLGS 5.0 was approved by the Union Cabinet on 5 May 2026, and the MSME sector accounts for 96% of guarantees by number and 86% of the total guaranteed amount. Statement 3 is incorrect because it is Public Sector Banks (not Private Sector Banks) that account for 96% of the guarantees issued.

Q3As per the PIB release of June 2026, what was the total amount of guarantees issued under ECLGS 5.0 as of 9 June 2026?

A Rs 2,55,000 crore

B Rs 1,06,549 crore

C Rs 40,000 crore

D Rs 48,484.26 crore

Explanation

As of 9 June 2026, the total number of guarantees issued under ECLGS 5.0 crossed one lakh, reaching 1,06,549, with the total amount of guarantees standing at Rs 48,484.26 crore. Rs 2,55,000 crore is the additional credit the scheme aims to provide.

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