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What is the function of MUDRA bank which was recently set up by Government of India?

2782Easy DSSSB TGT Computer Science 0 replies 1 views

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What is the function of MUDRA bank which was recently set up by Government of India?

ATo print currency
BTo allow deposits of untaxed income
CTo provide insurance cover to the poor
DTo provide refinance to Micro enterprises

Correct answer: D

Explanation

MUDRA (Micro Units Development and Refinance Agency) provides refinance to institutions lending to micro enterprises.

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