Answer-In MUDRA Bank, what does MUDRA stands for -

Q: Answer-In MUDRA Bank, what does MUDRA stands for -

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.

Home
Questions
General Awareness
RBI
In MUDRA Bank, what does MUDRA stands for -

Question

In MUDRA Bank, what does MUDRA stands for -

A Market Unit Development Risk Association Correct Answer Incorrect Answer

B Multi-Sector Urban Development Refinance Authority Correct Answer Incorrect Answer

C Maximum Unit Department of Refinance and Allocation Correct Answer Incorrect Answer

D Money Under Development and Risk Authority Correct Answer Incorrect Answer

E Micro Units Development and Refinance Agency 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.

Practice Next

Relevant for Exams:

RBI Grade B

CLAT

RBI Grade B

Thank You for posting your query. Please check your email for further guidance

Please Register/Login to Download Question