TReDS is an online electronic institutional mechanism for facilitating the financing of trade receiv...........

Static GK (SBI -PO) Banking Awareness

TReDS is an online electronic institutional mechanism for facilitating the financing of trade receivables of micro, small and medium enterprises (MSME) through multiple financiers.It is a joint trade venture of NSE and _________

This questions was previously asked in

SBI PO Mains (20 Jul, 2019)

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RBI

SIDBI

NABARD

SBI

None of the above

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Explanation:

- TReDS is an online platform that helps MSMEs get their trade receivables financed through different financiers. It boosts liquidity and provides a transparent bidding process.

- Option 1: RBI is the central bank of India but not a direct joint venture partner in TReDS.

- Option 2: SIDBI or Small Industries Development Bank of India is involved in MSME financing but is not a partner in this specific instance.

- Option 3: NABARD focuses on rural development and does not partner in TReDS.

- Option 4: SBI or State Bank of India, a major bank, but not a joint venture partner.

- Option 5: None of the above. The correct partner in the joint venture with NSE for TReDS is actually the Small Industries Development Bank of India (SIDBI).

Correct Answer: Option 2 - SIDBI