CURRENT AFFAIRS

2019

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which of the following banks has partnered with M1Xchange TReDS platform for MSME bill discounting?

A	Bank of India
B	SBI
C	Bank of Baroda
D	Bank of Maharashtra

Explanation:

Detailed explanation-1: -Bank of Maharashtra (BoM) partnered with M1Xchange Trade Receivables Discounting System (TReDS) platform for MSME bill discounting.

Detailed explanation-2: -“The collaboration between MUFG Bank and M1xchange is another noteworthy step forward in the provision of financing to MSME and micro-category businesses.

Detailed explanation-3: -Ans:M1xchange (M-ONE) stands for Mynd Online National Exchange for Trade Receivables. M1’s Trade Receivables Discounting System “TReDS” is an online exchange being set up under the approval of Reserve Bank of India (RBI) to facilitate discounting of invoices on a PAN India basis.

Detailed explanation-4: -Only MSMEs can participate as sellers in TReDS.

There is 1 question to complete.