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    Question

    In which fiscal year's Union Budget was the establishment

    of MUDRA Bank announced?
    A FY 2012-13 Correct Answer Incorrect Answer
    B FY 2013-14 Correct Answer Incorrect Answer
    C FY 2015-16 Correct Answer Incorrect Answer
    D FY 2017-18 Correct Answer Incorrect Answer

    Solution

    The formation of the Micro Units Development and Refinance Agency (MUDRBank was formally announced during the presentation of the Union Budget for the fiscal year 2015-16, with the objective of supporting small and medium enterprises in India.

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