Question 1

Assistance from IFCI is available for____________.
A)Setting up of new industrial projects
B)Expansion of existing units.
C)Renovation and modernization.
D)All of the above.

Accepted Answer

IFCI provides financial assistance for setting up new industrial projects, expansion of existing units, and renovation and modernization of industrial facilities, covering all the options listed.

Question 2

SIDBI was set up in the year____________.
A)1987.
B)1988.
C)1989.
D)1990.

Accepted Answer

SIDBI (Small Industries Development Bank of India) was established in 1989 to provide financial assistance to small-scale industries and promote their growth in India.

Question 3

Which of the following is a function of SIDBI?
A)Extension of seed capital.
B)Discounting of bills.
C)Providing factoring services.
D)All of the above.

Accepted Answer

SIDBI (Small Industries Development Bank of India) performs all the mentioned functions: extending seed capital, discounting bills, and providing factoring services, among others, to support the growth of MSMEs in India.

Question 4

SFC was set up under __________.
A)State financial corporation Act 1951.
B)State financial corporation Act 1952.
C)State financial corporation Act 1953.
D)State financial corporation Act 1954.

Accepted Answer

State Financial Corporations (SFCs) were established under the State Financial Corporations Act of 1951 to provide financial assistance to small and medium-scale enterprises.

Question 5

Financial resources of SFCs consist of _____________.
A)Paid up capital.
B)Reserve funds.
C)Borrowings from RBI.
D)aAl the above.

Accepted Answer

Financial resources of State Financial Corporations (SFCs) consist of paid-up capital, reserve funds, and borrowings from the Reserve Bank of India (RBI), among other sources.

Question 6

SFCs assistance to technically qualified people without enough funds is known as _______________.
A)Seed capital scheme.
B)Capital assistance scheme.
C)Technical entrepreneurs scheme.
D)Investment scheme.

Accepted Answer

Seed capital scheme is designed to assist technically qualified, entrepreneurial individuals who lack sufficient funds to start their own businesses by providing them with the initial capital required.

Question 7

SFC is prohibited from granting financial assistance to any company whose aggregate paid up capital exceed_____________.
A)1 crore.
B)1.5 crores.
C)2 crores.
D)2.5 crores.

Accepted Answer

The answer of SFC is prohibited from granting financial assistance...

Question 8

The loans given by SFCs are usually for a period upto ____________.
A)8 or 10 years.
B)10 or 12 years.
C)12 or 14 years.
D)14 or 16 years.

Accepted Answer

The loans given by SFCs are usually for a period upto 10 or 12 years.

Question 9

A concessional rate of interest is charged by SFC in case of_____________.
A)small scale industries.
B)units in backward areas.
C)units set up by technical entrepreneurs.
D)All the above.

Accepted Answer

State Financial Corporations (SFCs) offer concessional rates of interest to support various sectors, including small scale industries, units in backward areas, and those set up by technical entrepreneurs, to promote economic development and employment.

Question 10

SIDC was set up under the_____________.
A)Co-operative societies Act.
B)Companies Act.
C)Industries Act.
D)Partnership Act.

Accepted Answer

SIDC stands for State Industrial Development Corporation, and it is typically set up under the Companies Act. These corporations are established to promote industrial development in the states by facilitating investment, providing financial assistance, and implementing industrial projects.

Question 11

The financial resources of SIDC consist of ___________.
A)paid-up capital.
B)loans from State govt.
C)refinance from RBI.
D)all of the above.

Accepted Answer

SIDC's financial resources typically include paid-up capital, loans from the state government, and refinance from the RBI, making all the options correct.

Question 12

SIPCOT stands for _______________.
A)Small Industries Promotion Corporation of Tamil Nadu Limited.
B)Small Institutes Promotion Corporation of Tamil Nadu Limited
C)State Industries Promotion Corporation of Tamil Nadu Limited.
D)Small Institutes Promotion Corporation of Tamil Nadu Limited.

Accepted Answer

SIPCOT stands for State Industries Promotion Corporation of Tamil Nadu Limited, which is an organization established to promote industrial growth in the state of Tamil Nadu, India.

Question 13

SIPCOT is a ____________.
A)Public limited company.
B)Private limited company.
C)Co-operative society.
D)Partnership firm.

Accepted Answer

SIPCOT, or the State Industries Promotion Corporation of Tamil Nadu, is a public limited company established by the government to promote industrial growth in the state of Tamil Nadu, India.

Question 14

Expand NSTC ____________.
A)National small Industries Corporation.
B)National stock industries corporation.
C)National stock incorporation.
D)National small industries committee.

Accepted Answer

NSTC stands for National Small Industries Corporation.

Question 15

_________has been recognized as the nodal agency to support the small scale industry export promotion.
A)SIDO.
B)TDC
C)NSIC
D)IFSC

Accepted Answer

SIDO (Small Industries Development Organization) is the nodal agency for supporting small-scale industry export promotion.

Question 16

The term ____________denotes bonus or financial aid which is given by a government to an industry to help it compete with another unit in a nation or in a foreign market.
A)Incentive.
B)Subsidy.
C)Concession.
D)Bounty.

Accepted Answer

The answer of The term ____________denotes bonus or financial aid...

Question 17

It becomes necessary to do ____________after a project idea has withstood the tests of feasibility analysis and network analysis.
A)Input analysis.
B)Financial analysis.
C)Project design.
D)Costs benefit analysis.

Accepted Answer

The answer of It becomes necessary to do ____________after a...

Question 18

________________ is designed to overcome this fundamental weakness in the relationship between lending agency and the project sponsoring body.
A)Proposal.
B)Project idea.
C)Project formulation.
D)Project appraisal.

Accepted Answer

The answer of ________________ is designed to overcome this fundamental...

Question 19

TIIC stands for _____________.
A)Tamil Nadu Industrial Investment Corporation Limited
B)Tamil Nadu Institutional Investment Corporation Limited
C)Tamil Nadu Industrial Investment Committee Limited.
D)Tamil Nadu Institutional Investment Committee Limited.

Accepted Answer

TIIC stands for Tamil Nadu Industrial Investment Corporation Limited, which is a state-run financial institution that provides financial assistance to industries for their expansion and modernization.

Question 20

TIIC is sponsored by the ____________.
A)Government of Karnataka.
B)Government of Andhra Pradesh.
C)Government of Kerala.
D)Government of Tamil Nadu.

Accepted Answer

TIIC, or The Tamilnadu Industrial Investment Corporation Limited, is sponsored by the Government of Tamil Nadu. It is a premier state financial institution established to foster industrial development in Tamil Nadu.

Quiz 4: Financial Institutions and Assistance Programs for Industries

Assistance from IFCI is available for____________.

SIDBI was set up in the year____________.

Which of the following is a function of SIDBI?

SFC was set up under __________.

Financial resources of SFCs consist of _____________.

SFCs assistance to technically qualified people without enough funds is known as _______________.

SFC is prohibited from granting financial assistance to any company whose aggregate paid up capital exceed_____________.

The loans given by SFCs are usually for a period upto ____________.

A concessional rate of interest is charged by SFC in case of_____________.

SIDC was set up under the_____________.

The financial resources of SIDC consist of ___________.

SIPCOT stands for _______________.

SIPCOT is a ____________.

Expand NSTC ____________.

_________has been recognized as the nodal agency to support the small scale industry export promotion.

The term ____________denotes bonus or financial aid which is given by a government to an industry to help it compete with another unit in a nation or in a foreign market.

It becomes necessary to do ____________after a project idea has withstood the tests of feasibility analysis and network analysis.

________________ is designed to overcome this fundamental weakness in the relationship between lending agency and the project sponsoring body.

TIIC stands for _____________.

TIIC is sponsored by the ____________.