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PPSC PCS 2020 · Question 45 of 95

Which of the following statements is incorrect with respect to TReDS?

Economy

  1. AIt stands for Trade Related Discounting System.Correct
  2. BIt is an initiative of the Reserve Bank of India.
  3. CIts aim is to help cash-starved micro, small and medium enterprises (MSMEs) promptly encash receivables.
  4. DIt is an online bill discounting platform that enables discounting of invoices/bills of exchanges of MSME sellers against large corporate, including Government departments and PSEs through an auction mechanism at competitive market rates.

Answer: A. It stands for Trade Related Discounting System.

Explanation

Statement (a) is incorrect: TReDS stands for Trade Receivables Discounting System.

Source: https://cdn.mindspritesolutions.com/examrace/SPSC/Punjab-PSC/Punjab-PSC-Past-Papers/Punjab-Civil-Service-2020-Official-Paper-1-Part-1.pdf

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