1.
Which of the following statements about M1xchange's role in MSME financing is/are correct?
- M1xchange provides collateral based loans to MSMEs.
- M1xchange facilitates discounting of invoices and Bills of Exchange for MSMEs.
- M1xchange functions as a credit rating agency for MSMEs.
Select the answer using the code given below:
A
1, 2 and 3
B
2 only
C
2 and 3 only
D
1 only
View Answer
Correct Answer: B — 2 only
Explanation:
M1xchange is a trade receivables discounting platform for MSMEs. So statement 2 is accepted because it facilitates invoice and bill discounting. It is not a collateral-loan provider or a credit-rating agency, so statements 1 and 3 are rejected.