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

    Question

    Which of the following statements is true about the

    Credit Proposal Tracking System (CPTS) for MSME loan applications?
    A It is optional for banks Correct Answer Incorrect Answer
    B It does not provide any application status updates Correct Answer Incorrect Answer
    C It automatically generates a unique serial number for applications Correct Answer Incorrect Answer
    D It is available only for applications above ₹10 lakh Correct Answer Incorrect Answer
    E It is accessible only at the branch level Correct Answer Incorrect Answer

    Solution

    The CPTS generates a unique serial number for each MSME loan application, enabling centralized tracking and acknowledgment of applications.

    Practice Next

    Relevant for Exams: