BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Maximum
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Medium
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Mercantile
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Mutual
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Detailed explanation-1: -Small and medium sized enterprises (SMEs) face the greatest hurdles in accessing financing on affordable terms.
Detailed explanation-2: -Small and Medium Enterprises or Small and Medium-sized Enterprises (SMEs) are companies whose personnel numbers fall below certain limits. The abbreviation ‘SMEs’ is used in the European Union and by international organisations such as World Bank, the United Nations and the World Trade Organisation.
Detailed explanation-3: -SME stands for small to medium-sized enterprise and applies to businesses up to a certain size.
Detailed explanation-4: -Considering the nature of these businesses, there are many specialised financial provisions available. For instance, Loans for Small Medium Enterprises (SME) are business loans extended only to these enterprises.
Detailed explanation-5: -Small and mid-size enterprises (SMEs) are businesses that have revenues, assets, or a number of employees below a certain threshold. Each country has its own definition of what constitutes a small and medium-sized enterprise.