Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q182: Regarding the "Public Procurement Policy for Micro and Small Enterprises (MSEs)," which of the following is a mandatory provision for Central Public Sector Enterprises (CPSEs)?

A
To procure at least 10% of their annual value of goods/services from MSEs.
B
To procure at least 25% of their annual value of goods/services from MSEs.
C
To procure at least 50% of their annual value of goods/services from MSEs.
D
To procure at least 4% of their annual value from Medium Enterprises.
✅ Correct Answer: B
Correct Option: B. Concept: Public Procurement Policy.
The policy mandates that every Central Ministry/Department/PSU shall set an annual goal of procuring a minimum of 25% of the total annual purchases of products or services from Micro and Small Enterprises (MSEs). Note: This target does NOT apply to Medium Enterprises (Option D is wrong). Within the 25%, there are sub-targets: 4% for SC/ST owned MSEs and 3% for Women owned MSEs.