MCQs: MSMEs - Policy, Regulatory and Legal Framework
25 MCQs: MSMEs - Policy, Regulatory and Legal Framework
- When was the SME Development Bill enacted in India?
- A) 2003
- B) 2005
- C) 2007
- D) 2010
- What is the maximum turnover limit for a Micro Enterprise under MSME classification?
- A) ₹5 crore
- B) ₹10 crore
- C) ₹2 crore
- D) ₹1 crore
- Which Act facilitates easy partnerships for SMEs?
- A) Companies Act
- B) LLP Act
- C) MSMED Act
- D) Banking Regulation Act
- Who prepares the MIRA report for SMEs?
- A) Banks
- B) SEBI
- C) MSME Ministry
- D) Self-Assessment
- Which organization maintains the CERSAI database?
- A) RBI
- B) SIDBI
- C) Central Government
- D) NABARD
- Which of the following is a global agency providing business credibility reports like D&B Reports?
- A) CIBIL
- B) D&B
- C) CRISIL
- D) CERSAI
- Which Ministry governs MSMEs in India?
- A) Ministry of Commerce
- B) Ministry of MSME
- C) Ministry of Finance
- D) Ministry of Industries
- Which Act defines the Limited Liability Partnership structure?
- A) LLP Act, 2008
- B) Companies Act, 2013
- C) Banking Regulation Act
- D) Industrial Disputes Act
- What type of information is available in a CIBIL report?
- A) Property Details
- B) Credit History
- C) Educational Qualifications
- D) Employment Record
- Which report is crucial for assessing the risk profile of SMEs?
- A) MIRA Report
- B) CERSAI Report
- C) Balance Sheet
- D) GST Return
- MSME registration portal is called:
- A) Udyam Registration Portal
- B) Startup India Portal
- C) GST Portal
- D) NITI Aayog Portal
- Which regulatory body oversees credit information companies like CIBIL?
- A) SEBI
- B) RBI
- C) IRDAI
- D) SIDBI
- When was the MSMED Act implemented?
- A) 2003
- B) 2004
- C) 2006
- D) 2008
- Which of the following helps secure creditor rights on movable property?
- A) CERSAI
- B) CIBIL
- C) MUDRA
- D) DICGC
- What does LLP stand for?
- A) Limited Legal Partnership
- B) Limited Liability Partnership
- C) Legal Liability Partnership
- D) Linked Liability Partnership
- Which government scheme supports MSMEs financially through small ticket loans?
- A) PMMY (Pradhan Mantri Mudra Yojana)
- B) PM Kisan
- C) Make in India
- D) Stand Up India
- Which financial institution specializes in SME development financing in India?
- A) NABARD
- B) SIDBI
- C) SBI
- D) HDFC
- Delayed payment to MSMEs beyond _______ days attracts interest penalties.
- A) 15 days
- B) 30 days
- C) 45 days
- D) 60 days
- Which type of business structure offers partners limited liability protection?
- A) Sole Proprietorship
- B) Partnership
- C) LLP
- D) Cooperative
- The Udyam Registration replaced which earlier registration system?
- A) EM-I & EM-II
- B) GST Registration
- C) PAN Registration
- D) Trade License
- Which of the following is NOT a criterion for MSME classification?
- A) Investment in Plant & Machinery
- B) Annual Turnover
- C) Number of Employees
- D) Both A and B
- In India, MSMEs contribute approximately what percentage to GDP?
- A) 10%
- B) 20%
- C) 30%
- D) 50%
- Which platform helps MSMEs resolve delayed payment disputes?
- A) Samadhaan Portal
- B) eCourts Portal
- C) MCA21 Portal
- D) SEBI SCORES
- SMEs with less than ₹1 crore investment and less than ₹5 crore turnover are classified as:
- A) Micro Enterprises
- B) Small Enterprises
- C) Medium Enterprises
- D) Large Enterprises
- Which agency is responsible for facilitating MSME cluster development in India?
- A) NSIC
- B) DIC
- C) SIDBI
- D) Ministry of MSME
1) A) MSMED Act, 2006
2) B) 2008
3) B) Udyam Registration
4) B) Credit Reports
5) C) Security Interest Registration
6) B) 2005
7) B) D&B
8) B) SME Risk & Management
9) C) Up to ₹50 crore
10) B) PAN and Aadhaar
11) B) Priority Sector Lending
12) C) 2006
13) A) Secured Asset Registration
14) B) 7 years
15) A) Udyam Registration
16) C) Single Window Scheme
17) B) MIRA Report
18) C) LLP Act
19) B) Digital MSME Scheme
20) B) 1991
21) B) Priority Sector Advances
22) B) SMEs and MSMEs
23) B) Collateral Free Loans
24) B) SIDBI
25) C) MUDRA
Comments
Post a Comment