History of Small Industries Development Bank of India (SIDBI)

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Questions and Answers

What is the main role of Small Industries Development Bank of India (SIDBI) according to the text?

  • To provide housing loans to individuals
  • To regulate the banking industry in India
  • To promote, finance, and develop the Micro, Small and Medium Enterprise (MSME) sector (correct)
  • To manage the stock market investments

Which Act established Small Industries Development Bank of India (SIDBI)?

  • SIDBI Act, 1989 (correct)
  • SIDBI Amendment Act, 2000
  • Reserve Bank of India Act, 1934
  • Indian Banking Regulation Act, 1949

Who are the three largest shareholders of SIDBI according to the text?

  • State Bank of India, IDBI Bank Ltd., Government of India (correct)
  • State Bank of India, ICICI Bank, HDFC Bank
  • Bank of Baroda, Union Bank of India, Bank of India
  • IDBI Bank Ltd., Punjab National Bank, Canara Bank

Where is the headquarters of Small Industries Development Bank of India (SIDBI) located?

<p>Lucknow (A)</p> Signup and view all the answers

What is the criteria for classifying Micro, Small and Medium Enterprises (MSME) under the MSMED Act, 2006?

<p>Investment in Plant &amp; Machinery (C)</p> Signup and view all the answers

What is the primary business strategy of SIDBI towards MSMEs?

<p>Addressing financial and non-financial gaps in the MSME ecosystem (B)</p> Signup and view all the answers

In what areas does SIDBI provide direct finance to MSMEs?

<p>Risk capital, sustainable finance (A)</p> Signup and view all the answers

Which of the following is NOT one of the objectives set out in the SIDBI Charter?

<p>Regulation of MSMEs (A)</p> Signup and view all the answers

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