Q. Consider the following statements:

1. NTREES (Trade Receivables Engine for E-discounting) has been promoted by SIDBI and NSE.
2. NTREES has been launched for the benefit of only Micro, Small & Medium Enterprises.

Which of the above statements is / are correct?
Answer: Only 1 is correct
Notes: NTREES, or the Trade Receivables Engine for E-discounting, is promoted by SIDBI and the National Stock Exchange, making statement 1 correct. However, NTREES is not limited to Micro, Small & Medium Enterprises; it also benefits larger businesses by facilitating discounting of trade receivables. Therefore, only statement 1 is correct.