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Symbiosis Entrance Test

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Question : MUDRA is a financial institution set up by the Government of India for the development and refinancing of micro-unit enterprises. The full form of MUDRA is:

Option 1: Micro Urban Development & Refinance Agency

Option 2: Micro Units Development & Refinance Agency

Option 3: Micro Finance Usage Development & Refinance Agent

Option 4: Medium Units Development & Refinance Agency

Team Careers360 24th Jan, 2024

Correct Answer: Micro Units Development & Refinance Agency


Solution : The correct answer is Micro Units Development & Refinance Agency.

MUDRA stands for "Micro Unit Development and Refinance Agency." It is a financial institution established by the Government of India to support the development and refinancing of microenterprises, particularly those

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Question : Arrange the following Development Financial Institutions (DFI) in the correct chronological order, according to the year they were set up.

(i) Industrial Credit and Investment Corporation of India (ICICI)

(ii) Industrial Development Bank of India (IDBI)

(iii) Industrial Finance Corporation of India (IFCI)

Option 1: (i)-(iii)-(ii)

Option 2: (iii)-(i)-(ii)

Option 3: (ii)-(i)-(iii)

Option 4: (i)-(ii)-(iii)

Team Careers360 17th Jan, 2024

Correct Answer: (iii)-(i)-(ii)


Solution : The correct answer is (iii)-(i)-(ii).

The correct chronological order of the Development Financial Institutions (DFIs) in India, according to the year they were set up, is as follows:

  1. Industrial Finance Corporation of India (IFCI): IFCI was established in 1948.
  2. Industrial Credit and Investment Corporation
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Question : Which of the following is not dealt under Section 3(3) of the Environment (Protection) Act,1986

Option 1: The Biodiversity Authority

Option 2: The Coastal Zone Management Authority 

Option 3: Authority set-up to monitor the State of Notified Ecologically Sensitive  Areas 

Option 4: Protection of plant Varieties and Farmers Right Authority 

Team Careers360 22nd Jan, 2024

Correct Answer: Protection of plant Varieties and Farmers Right Authority 


Solution : The correct option is Protection of plant Varieties and Farmers Right Authority.

Plant variety protection and farmer rights are not addressed under Section 3(3) of the Environment (Protection) Act of 1986. Instead, the Protection of Plant Varieties and

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