Q. SIPCOT stands for _______________.
✅ Correct Answer: (C)
State Industries Promotion Corporation of Tamil Nadu Limited.
Entrepreneurship and Project Management MCQs and Notes
Q. The financial resources of SIDC consist of ___________.
✅ Correct Answer: (D)
all of the above.
Q. SIDC was set up under the_____________.
✅ Correct Answer: (B)
Companies Act.
Q. A concessional rate of interest is charged by SFC in case of_____________.
✅ Correct Answer: (D)
All the above.
Q. The loans given by SFCs are usually for a period upto ____________.
✅ Correct Answer: (B)
10 or 12 years.
Q. SFC is prohibited from granting financial assistance to any company whose aggregate paid up capital exceed_____________.
✅ Correct Answer: (A)
1 crore.
Q. SFCs assistance to technically qualified people without enough funds is known as _______________.
✅ Correct Answer: (A)
Seed capital scheme.
Q. Financial resources of SFCs consist of _____________.
✅ Correct Answer: (D)
aAl the above.
Q. SFC was set up under __________.
✅ Correct Answer: (A)
State financial corporation Act 1951.
Q. Which of the following is a function of SIDBI?
✅ Correct Answer: (D)
All of the above.