Question
Under the simplified procedure for working capital
finance to Micro and Small Enterprises (MSEs) with working capital limits of up to ₹5 crore, the working capital limit is computed based on:Solution
As per RBI guidelines, for MSE units requiring working capital limits up to ₹5 crore, banks follow a simplified method of assessment. • The working capital limit is fixed at 20% of the projected annual turnover of the enterprise. • This streamlined approach reduces compliance burden for small units and ensures faster access to credit. • For larger enterprises (above ₹5 crore), working capital is generally assessed using the traditional methods such as the Nayak Committee norms or detailed cash flow-based analysis. Thus, the correct working capital computation is 20% of projected annual turnover.
Nothing is an offence which is done by a child under ……. Of age
No company limited by shares shall, after the commencement of the Companies Act, 2013 issue any preference shares which are __________________
The title of Section 6 of the Central Vigilance Commission Act, 2003 is:
As per Section 8A(1)(b), one of the actions the Commission may take is:
What does the writ of Certiorari mean?
According to Section 6 of the BNSS, 2023, which of the following is not a class of Criminal Court in every State?
A cyber criminal used an intermediate server located outside India to access and modify data in an Indian government agency's computer system. The modi...
According to the Code on Social Security, 2020 Employees’ State Insurance Corporation shall consist of ___________________
Section 8 of the Banking Regulation Act, 1949 prohibits a banking company from doing which of the following?
Facts, not otherwise relevant, are relevant if they________________ opinions of experts, when such opinions are relevant.
Relevant for Exams:
