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State PCS PYQPrelims 2024

BPSC – Combined Competitive Examination · Question 64

What is the full form of CGTMSE?

  1. Credit Guarantee Fund Trust for Macro and Small Enterprises
  2. Credit Guarantee Fund Trust for Medium and Small Enterprises
  3. Credit Guarantee Fund Trust for Micro and Medium Enterprises
  4. Credit Guarantee Fund Trust for Micro and Small Enterprises
Show answer & explanation

Answer: (D) Credit Guarantee Fund Trust for Micro and Small Enterprises

Explanation

CGTMSE provides collateral-free credit guarantees to micro and small enterprises.

  • (A) Incorrect

    Wrong: it is 'Micro', not 'Macro'.

  • (B) Incorrect

    Wrong: it is 'Micro and Small'.

  • (C) Incorrect

    Wrong: it is 'Micro and Small'.

  • (D) Correct

    Correct: this is the correct expansion (set up by MSME Ministry and SIDBI, 2000).