Question

MUDRA Bank has been inaugurated in 2015, what is the full form of MUDRA?

A Medium Units Development and Refinance Agency Bank Correct Answer Incorrect Answer
B Micro Units Development and Refinance Agency Bank Correct Answer Incorrect Answer
C Mega Units Development and Retail Agency Bank Correct Answer Incorrect Answer
D Regulate commodity futures markets in India Correct Answer Incorrect Answer
E All of the above Correct Answer Incorrect Answer

Solution

Micro Units Development and Refinance Agency Bank (or MUDRA Bank) is a public sector financial institution in India. It provides loans at low rates to micro-finance institutions and non-banking financial institutions which then provide credit to MSMEs. It was launched by Prime Minister Narendra Modi on 8 April 2015.

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