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The Small Industries Development Bank of India Act, 1989

Description: The Small Industries Development Bank of India Act, 1989
Number of Questions: 14
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Tags: indian economics black money and economic offenses
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What is the main objective of the Small Industries Development Bank of India (SIDBI)?

  1. To provide financial assistance to small-scale industries

  2. To promote the development of small-scale industries

  3. To regulate the activities of small-scale industries

  4. To provide training and technical assistance to small-scale industries

Show answer
Correct Option: B
Explanation:

The main objective of SIDBI is to promote the development of small-scale industries in India by providing financial assistance, promoting entrepreneurship, and providing training and technical assistance.

When was SIDBI established?

  1. 1989

  2. 1990

  3. 1991

  4. 1992

Show answer
Correct Option: B
Explanation:

SIDBI was established on April 2, 1990.

Who is the chairperson of SIDBI?

  1. The Minister of Finance

  2. The Governor of the Reserve Bank of India

  3. The Secretary of the Ministry of Micro, Small and Medium Enterprises

  4. The Managing Director of SIDBI

Show answer
Correct Option: C
Explanation:

The Secretary of the Ministry of Micro, Small and Medium Enterprises is the chairperson of SIDBI.

What is the authorized capital of SIDBI?

  1. Rs. 100 crore

  2. Rs. 500 crore

  3. Rs. 1,000 crore

  4. Rs. 2,000 crore

Show answer
Correct Option: D
Explanation:

The authorized capital of SIDBI is Rs. 2,000 crore.

What is the paid-up capital of SIDBI?

  1. Rs. 100 crore

  2. Rs. 500 crore

  3. Rs. 1,000 crore

  4. Rs. 1,500 crore

Show answer
Correct Option: D
Explanation:

The paid-up capital of SIDBI is Rs. 1,500 crore.

What are the main functions of SIDBI?

  1. To provide financial assistance to small-scale industries

  2. To promote the development of small-scale industries

  3. To regulate the activities of small-scale industries

  4. To provide training and technical assistance to small-scale industries

  5. All of the above

Show answer
Correct Option: E
Explanation:

The main functions of SIDBI are to provide financial assistance to small-scale industries, to promote the development of small-scale industries, to regulate the activities of small-scale industries, and to provide training and technical assistance to small-scale industries.

What are the different types of financial assistance provided by SIDBI?

  1. Term loans

  2. Working capital loans

  3. Equipment finance

  4. Venture capital

  5. All of the above

Show answer
Correct Option: E
Explanation:

SIDBI provides different types of financial assistance to small-scale industries, including term loans, working capital loans, equipment finance, and venture capital.

What are the different schemes of SIDBI for the promotion of small-scale industries?

  1. Credit Guarantee Scheme

  2. Micro and Small Enterprises Cluster Development Programme

  3. Entrepreneurship Development Programme

  4. Technology Development and Modernization Fund Scheme

  5. All of the above

Show answer
Correct Option: E
Explanation:

SIDBI has different schemes for the promotion of small-scale industries, including the Credit Guarantee Scheme, the Micro and Small Enterprises Cluster Development Programme, the Entrepreneurship Development Programme, and the Technology Development and Modernization Fund Scheme.

What are the different types of training and technical assistance provided by SIDBI?

  1. Management training

  2. Technical training

  3. Entrepreneurship development training

  4. Consultancy services

  5. All of the above

Show answer
Correct Option: E
Explanation:

SIDBI provides different types of training and technical assistance to small-scale industries, including management training, technical training, entrepreneurship development training, and consultancy services.

What is the role of SIDBI in the development of the small-scale industries sector in India?

  1. SIDBI provides financial assistance to small-scale industries

  2. SIDBI promotes the development of small-scale industries

  3. SIDBI regulates the activities of small-scale industries

  4. SIDBI provides training and technical assistance to small-scale industries

  5. All of the above

Show answer
Correct Option: E
Explanation:

SIDBI plays a crucial role in the development of the small-scale industries sector in India by providing financial assistance, promoting the development of small-scale industries, regulating the activities of small-scale industries, and providing training and technical assistance to small-scale industries.

What are the challenges faced by SIDBI in the development of the small-scale industries sector in India?

  1. Lack of awareness about SIDBI's schemes and services

  2. Inadequate infrastructure

  3. Lack of skilled manpower

  4. Competition from large-scale industries

  5. All of the above

Show answer
Correct Option: E
Explanation:

SIDBI faces several challenges in the development of the small-scale industries sector in India, including lack of awareness about SIDBI's schemes and services, inadequate infrastructure, lack of skilled manpower, and competition from large-scale industries.

What are the future plans of SIDBI for the development of the small-scale industries sector in India?

  1. To increase the outreach of SIDBI's schemes and services

  2. To improve the infrastructure for small-scale industries

  3. To develop skilled manpower for small-scale industries

  4. To promote entrepreneurship in small-scale industries

  5. All of the above

Show answer
Correct Option: E
Explanation:

SIDBI has several future plans for the development of the small-scale industries sector in India, including increasing the outreach of SIDBI's schemes and services, improving the infrastructure for small-scale industries, developing skilled manpower for small-scale industries, and promoting entrepreneurship in small-scale industries.

What is the website of SIDBI?

  1. www.sidbi.in

  2. www.sidbi.com

  3. www.sidbi.org

  4. www.sidbi.net

Show answer
Correct Option: A
Explanation:

The website of SIDBI is www.sidbi.in.

What is the contact number of SIDBI?

  1. 011-23700100

  2. 011-23700200

  3. 011-23700300

  4. 011-23700400

Show answer
Correct Option: A
Explanation:

The contact number of SIDBI is 011-23700100.

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