SEBI - Investor Certification Examination
SEBI - Investor Certification Examination
Q 41. What is the objective of Stand Up India scheme?
To encourage saving money in banks
To provide loans to large corporations
To facilitate bank loans for SC/ST and/or Women Entrepreneurs
None of the above
Q 42. Which sectors can loans from Stand Up India scheme be utilized for?
Only for agricultural purposes
Only for technology startups
For setting up new enterprises in manufacturing, trading, or services sector
None of the above
Q 43. What is the minimum age requirement to avail loans under Stand Up India scheme?
16 years
21 years
18 years
There is no age requirement
Q 44. Which of the following entities are eligible for loans under PMMY?
Large multinational corporations
Government organizations
Only individuals with high income
None of the above
Q 45. How many loan categories are offered under PMMY?
One
Two
Three
Five
Q 46. Which demographic group is primarily targeted by Stand Up India scheme?
Elderly citizens
SC/ST and/or Women Entrepreneurs
High-income individuals
Retired professionals
Q 47. What is the primary focus of Pradhan Mantri Mudra Yojana (PMMY)?
Providing housing loans
Offering scholarships to students
Providing business loans to small and medium enterprises
None of the above
Q 48. Which of the following is not a sector where loans under Stand Up India can be utilized?
Manufacturing
Trading
Agriculture
None of the above
Q 49. What is the age requirement for entrepreneurs under the Stand Up India scheme?
16 years
21 years
18 years
No age requirement
Q 50. Which entities are primarily targeted by Pradhan Mantri Mudra Yojana (PMMY)?
Large corporations
Foreign investors
SC/ST and/or Women Entrepreneurs
None of the above
Q 51. What documents are required to avail loans under PMMY?
Passport, utility bills, credit card statements
Birth certificate, school transcripts, driver's license
Bank statements, income tax returns, utility bills
None of the above
Q 52. What is income tax?
A tax levied on government employees
A tax levied on the purchase of luxury goods
A tax levied on the income earned by individuals and entities
A tax levied on foreign investments
Q 53. Which law governs the provisions for income tax in India?
Goods and Services Tax Act
Property Tax Act
Income Tax Act (IT Act), 1961
Corporate Tax Act
Q 54. Who is liable to pay income tax?
Only individuals earning above a certain threshold
Only companies and corporate firms
Only government employees
Only foreign investors
Q 55. What is the difference between the "Previous Year" and the "Assessment Year"?
There is no difference, they are used interchangeably
Previous Year is when income is earned, Assessment Year is when tax is charged
Previous Year is when tax is paid, Assessment Year is when income is earned
There is no concept of Previous Year and Assessment Year in income tax