2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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8
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7
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6
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5
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Detailed explanation-1: -Detailed Solution. The Reserve Bank of India had set up an eight member expert committee to review the current framework for the Micro, Small & Medium Enterprises (MSME sector) under the leadership of UK Sinha, former SEBI chairman.
Detailed explanation-2: -XI. 7 The Central Board is assisted by three Committees: the Committee of the Central Board (CCB); the Board for Financial Supervision (BFS); and the Board for Regulation and Supervision of Payment and Settlement Systems (BPSS).
Detailed explanation-3: -It is estimated that there are 633.9 lakh MSMEs in India.
Detailed explanation-4: -The Reserve Bank has taken several measures in the recent period to improve the flow of credit to the MSME sector. Banks form the predominant source of formal credit to MSMEs with all such loans by banks qualifying for Priority Sector Lending classification.
Detailed explanation-5: -2. As announced in the Monetary Policy Statement 2022-23 dated September 30, 2022, the Bank Rate is revised upwards by 50 basis points from 5.65 per cent to 6.15 per cent with immediate effect. 3.