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Business Studies

Fixed Capital and Working Capital

The Governmen...

Question

The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act in ________.

A

2005

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B

2008

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C

2006

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D

2004

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Solution

The correct option is C 2006
Small and Medium Enterprise entails providing lower rate of interest for growing business units and offering them access to banking services at low rate of interest, quick processing and servicing. Micro, Small and Medium Enterprises Development (MSMED) Act, 2006.

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Q. The Act formed for the development of Micro, Small and Medium Enterprises is __________.

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Select the correct answer using the code given below:

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