Question

Q22. Consider the following statements about Zero Defect, Zero Effect Scheme:

1. The Scheme would boost exports of Indian goods.

2. The Scheme also aims to suppress bad effects of products on environment.

Which of the above statements are correct?

• A. a) 1 only
• B. b) 2 only
• C. c) Both 1 and 2
• D. d) Neither 1 nor 2

Answer 1

The correct option is C

c) Both 1 and 2

“Zero Defect, Zero Effect Scheme” or “ZED” is a new initiative launched by Prime minister Narendra Modi. The scheme is launched to increase the quality of products matching global standards for Micro Small and Medium Enterprises Sector i.e. MSME

Objectives of Pradhan Mantri Zero Deficit Zero:

• The main objective of this “Zero Effect, Zero Defect” scheme is to suppress the bad effect of products on environment. While MSME sector plays a vital role in the GDP of a country i.e. India, this scheme also helps to contribute to environment as well.
• The main purpose of this Scheme is to Match the Global quality control standards.
• This Scheme ensures that all the Micro Small and Medium Enterprises are delivering high quality product using clear technology.
• Under this ZED scheme, The Micro Small and Medium Enterprises companies which follows the guidelines set by ZED and meet the standards set by the ZED will be awarded ZED certification along with various benefits.
• All MSME plays a vital role in the economy and by creating good quality products the country will be able to lift up its infrastructure, etc. That means it’s a major steps taken by Narendra Modi Government towards the development of the country.
• Under this a few parameter was fixed that are specific for each MSME industries.