Pradhan Mantri Mudra Yojana MCQs PDF

MCQs on Pradhan Mantri Mudra Yojana (PMMY) 1. What is the primary purpose of the Pradhan Mantri Mudra Yojana? A. To provide affordable housing loans B. To offer microfinance to non-corporate, non-farm small/micro enterprises C. To support large industries with subsidies D. To fund educational i...

MCQs on Pradhan Mantri Mudra Yojana (PMMY) 1. What is the primary purpose of the Pradhan Mantri Mudra Yojana? A. To provide affordable housing loans B. To offer microfinance to non-corporate, non-farm small/micro enterprises C. To support large industries with subsidies D. To fund educational initiatives Answer: B 2. What does 'MUDRA' stand for in Pradhan Mantri Mudra Yojana? A. Micro Units Development and Refinance Agency B. Money Utilization for Development of Rural Areas C. Micro User Development and Refinancing Arrangement D. Money Units Development and Regulatory Agency Answer: A 3. Which organization is responsible for implementing the Pradhan Mantri Mudra Yojana? A. Reserve Bank of India B. Small Industries Development Bank of India (SIDBI) C. National Bank for Agriculture and Rural Development (NABARD) D. Ministry of Finance, India Answer: B 4. Under PMMY, loans are categorized into how many types based on the loan amount? A. Two B. Three C. Four D. Five Answer: B 5. What is the maximum loan amount available under the 'Shishu' category of PMMY? A. INR 50,000 B. INR 5,00,000 C. INR 10,00,000 D. INR 50,00,000 Answer: A 6. What is the maximum loan amount under the 'Kishor' category in PMMY? A. INR 50,000 B. INR 5,00,000 C. INR 10,00,000 D. INR 50,00,000 Answer: B 7. Which category in PMMY provides the highest loan amount, up to INR 10,00,000? A. Shishu B. Kishor C. Tarun D. Mahila Answer: C 8. What type of collateral is required for loans under PMMY? A. Residential property only B. Collateral is mandatory for all loans C. No collateral required D. Only for loans above INR 10,00,000 Answer: C 9. Who is eligible to apply for a loan under PMMY? A. Only women entrepreneurs B. Any Indian citizen who runs a small business C. Farmers only D. Government employees starting a side business Answer: B 10. What sector does PMMY primarily target to extend its loans? A. Agriculture B. Corporate C. Small and micro enterprises D. Education Answer: C 11. Since its inception, how many beneficiaries have been estimated to receive loans under PMMY? A. More than 1 million B. More than 5 million C. More than 20 million D. More than 30 million Answer: D 12. Which year was the Pradhan Mantri Mudra Yojana launched? A. 2012 B. 2015 C. 2017 D. 2019 Answer: B 13. What was the original funding source for PMMY when it was launched? A. World Bank B. Government of India C. Private sector contributions D. Crowdsourcing Answer: B 14. Which ministry oversees the Pradhan Mantri Mudra Yojana? A. Ministry of Corporate Affairs B. Ministry of Small and Medium Enterprises C. Ministry of Finance D. Ministry of Commerce and Industry Answer: C 15. How can one apply for a loan under PMMY? A. Through an online government portal only B. By visiting designated public sector banks, private banks, and microfinance institutions C. Direct application at the Ministry of Finance D. Through local government offices Answer: B 16. Which financial institutions are NOT involved in disbursing Mudra loans? A. Commercial banks B. Regional Rural Banks C. Cooperative Banks D. Insurance Companies Answer: D 17. What was a key achievement of PMMY reported in recent fiscal years? A. Reduction in non-performing assets (NPAs) B. Increase in loan disbursements by 200% C. Over 90% of beneficiaries being women D. Expansion to include large industries Answer: C 18. Which new feature was recently added to enhance the accessibility of PMMY? A. Mobile application for real-time tracking of loan status B. Introduction of loans in foreign currency C. Increase in the maximum loan amount D. Reduction of interest rates for all loan categories Answer: A 19. What is a significant impact of PMMY on the Indian economy? A. Increased foreign direct investment B. Boost in the number of small and micro enterprises C. Growth in the agricultural sector D. Rise in exports of manufactured goods Answer: B 20. What challenge does PMMY face in achieving its goals? A. Lack of awareness among potential beneficiaries B. Insufficient funding C. High interest rates D. Political interference in loan approval Answer: A