BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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These are small and medium sized branches
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These are meant for units in industrial areas
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These hubs cater to specialized banking for micro, small and medium enterprises
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These outlets specially are for schools and educational institutions
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Detailed explanation-1: -Small industrial Development Bank of India is a development financial institution in India, headquartered at Lucknow and having its offices all over the country. SIDBI is the Primary Financial Institution for promoting, developing and financing MSME (Micro, Small and Medium Enterprise) sector.
Detailed explanation-2: -Owing to the massive reach and networks, banks can guide MSMEs through right collaboration, business protection and knowledge sharing. In India, around 63 million Micro, Small and Medium Enterprises (MSMEs) employ more than 100 million people.
Detailed explanation-3: -Small Industries Development Bank of India has been established under an Act of the Parliament in 1990.
Detailed explanation-4: -MSME stands for Micro, Small, and Medium Enterprises. It was introduced by the Government of India in agreement with the MSMED (Micro, Small, and Medium Enterprises Development) Act of 2006. As per this act, MSMEs are the enterprises involved in the processing, production, and preservation of goods and commodities.