Q11. The MSMED Act has provisions to safeguard the interests of SMEs by
1)
Inserting penalty clause on delayed payments
2)
Prohibiting delayed payments
3)
Asking SMEs to classify good and bad customers
4)
Persuading customers of SMEs to make prompt payments
Q12.
Which of the following is not an intermediary to an issue in the Primary
Market?
1)
Merchant bankers
2)
Underwriters
3)
Registrars to the issue
4)
Investors
Q13.
Control over outputs is which type of control mechanism?
1)
Physical controls
2)
Internal controls
3)
Operational controls
4)
Non-critical controls
Q14.
What is ‘Back to back’ LC?
1) LC
backed by import finance facilities
2) LC
in favor of local supplier backed by original export LC
3) LC
of the same amount and period as another LC
4) LC
having confirmation of another bank other than issuing bank
Q15.
What does MTSS represent?
1)
Inward remittance scheme
2)
Outward remittance scheme
3)
Inland bills discounting scheme
4)
Liberal finance scheme
11 The MSMED Act has
provisions to safeguard the interests of SMEs by Inserting penalty clause
on delayed
payments
13 Control over outputs
is which type of control mechanism? Physical controls
15 What does MTSS
represent? Inward remittance scheme
