MCQOPTIONS
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| 1. |
Which of the following is true about RBI's decision regarding sick micro and small enterprises? |
| A. | These guide lines made on recommendations of the working group chaired by Deputy Governor K. C. Chakrabarty |
| B. | RBI has suggested that an MSE is considered 'sick' when: any of the borrowed amount of the enterprise remains a non-performing asset (NPA) for three months or more |
| C. | RBI also suggested if there is erosion in the net worth due to accumulated losses to the extent of 50 percent of its net worth during the previous accounting year |
| D. | The stipulation that the unit should have been in commercial production for at least two years has been removed. |
| E. | All of the above |
| Answer» C. RBI also suggested if there is erosion in the net worth due to accumulated losses to the extent of 50 percent of its net worth during the previous accounting year | |