2022 · Q10
Consider the following statements about the Micro, Small and Medium Enterprises (MSMEs):
- 1The MSMEs comprise a dynamic sector of the Indian economy providing large employment opportunities.
- 2MSMEs require low capital cost and help industrialization of backward regions.
- 3MSMEs contribute enormously to socio-economic development.
How many of the above statements is/are correct?
General KnowledgeIndian Economy
- ANone
- B1
- C2
- D3
Explanation
MSMEs are described as a dynamic sector generating large-scale employment in the Indian economy. They typically require low capital investment and aid the industrialisation of backward and rural regions. Their contribution to manufacturing output, exports and socio-economic development is widely recognised. All three statements are correct.