New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    By how much did loans to Micro, Small, and Medium

    Enterprises (MSMEs) grow in the current fiscal year according to RBI data?
    A 5.6% Correct Answer Incorrect Answer
    B 10.1% Correct Answer Incorrect Answer
    C 13.3% Correct Answer Incorrect Answer
    D 20.2% Correct Answer Incorrect Answer
    E 25.3% Correct Answer Incorrect Answer

    Solution

    According to recent RBI data, loans to MSMEs have shown a slower growth in the current fiscal year, with advances to micro and small enterprises registering a year-on-year growth of 13.3% and medium enterprises at 17.2%, compared to a much higher growth rate in the previous fiscal year; indicating a slowdown in MSME loan growth in FY23-24 compared to the previous year.

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