Q. Consider the following statements:

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

Which among the above statements is/ are correct?
Answer: Both 1 & 2 are correct
Notes: The correct answer is "Neither 1 nor 2 is correct." Explanation: 1. NTREES, or the Trade Receivables Engine for E-discounting, is indeed promoted by SIDBI (Small Industries Development Bank of India) and NSE (National Stock Exchange of India), making statement 1 correct. 2. However, NTREES is not limited to Micro, Small, and Medium Enterprises (MSMEs). it also benefits larger businesses by facilitating the discounting of trade receivables, making statement 2 incorrect. Thus, only statement 1 is correct, and the answer should be "Only 1 is correct."