ObjectiveMcq
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Which of the following statements about M1xchange's role in MSME financing is/are correct?
Select the answer using the code given below:
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.