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UPSC Civil ServicesPrelims2026General Studies Paper I
Question
QQ93. Which of the following statements about M1xchange’s role in Micro, Small & Medium Enterprises (MSMEs) financing is/are correct ? 1. M1xchange provides collateral based loans to MSMEs. 2. M1xchange facilitates discounting of invoices and Bills of Exchange for MSMEs. 3. M1xchange functions as a credit rating agency for MSMEs. Select the answer using the code given below :
Options
- A 1, 2 and 3
- B 2 only
- C 2 and 3 only
- D 1 only
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Correct Answer
B 2 only
Model Answer
Answer: option B, as per UPSC's provisional answer key of 27 May 2026 (Series A). UPSC publishes the final key after the exam's final result.