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Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-4

  • question_answer
    The ministry of MSME government of India and SIDBI Bank set up a trust with a view to facilitate flow of credit to the MSE sector without the need for collaterals third party guarantees. This trust is known as

    A)  EXIM

    B)  DICGC

    C)  ECGC

    D)  CGF

    E)  CGTMSE

    Correct Answer: D

    Solution :

     The Ministry of MSME and SIDBI set up the Credit Guarantee Fund (CGF) Trust for Micro and Small Enterprises. The main objective of the scheme is that the lender should give importance to project viability and secure the credit facility purely on the primary security of the assets financed.


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