Economics · Economy
Consider the following statements regarding the Trade Receivables Discounting System (TReDS): Statement I: TReDS is an electronic platform that facilitates financing of MSME trade receivables without requiring collateral. Statement II: Only MSMEs can participate as both buyers and sellers on the TReDS platform. Statement III: Financiers discount invoices based on the creditworthiness of buyers, enabling faster payments to MSMEs. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Neither Statement II nor Statement III is correct.
- 2Only Statement III is correct, and it explains Statement I.✓
- 3Both Statement II and Statement III are correct, but only one of them explains Statement I.
- 4Both Statement II and Statement III are correct, and both of them explain Statement I.
Correct answer
Only Statement III is correct, and it explains Statement I.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Economy MCQs →Want more practice questions on Economy?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Economy