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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 __________.

Q. The Government of India has defined micro, small and medium enterprises. Which of the following is correctly matched for an enterprise engaged in the manufacture or processing of goods as per the definition ?
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Q. Consider the following statements about the Micro, Small and Medium Enterprises Development Act, 2006( MSME ACT 2006):

Select the correct answer using the code given below:

1 only
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Q. __________ is the only International Non-Governmental Organisation of micro, small and medium enterprises based in India, which set up an International Committee for Rural Industrialization.

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