New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    RXIL (Receivables Exchange of India Ltd.) is a joint

    venture of which two institutions?
    A RBI and BSE Correct Answer Incorrect Answer
    B SIDBI and NSE Correct Answer Incorrect Answer
    C NABARD and SEBI Correct Answer Incorrect Answer
    D NSE and Ministry of MSME Correct Answer Incorrect Answer
    E SIDBI and RBI Correct Answer Incorrect Answer

    Solution

    RXIL is a TReDS platform for invoice discounting, jointly promoted by SIDBI and NSE. It helps MSMEs get faster access to working capital by enabling the sale of receivables to financiers online.

    Practice Next

    Relevant for Exams: