MCQs on Setting up MSMEs and Related Topics
25 MCQs on Setting up MSME | Practice Questions 📝 25 MCQs on Setting up MSMEs and Related Topics Which act defines MSMEs in India? A) Companies Act B) MSMED Act, 2006 C) Banking Regulation Act D) Industrial Act, 1951 Answer: B) MSMED Act, 2006 Which organization is primarily responsible for MSME development in India? A) NABARD B) SIDBI C) RBI D) SEBI Answer: B) SIDBI What is the maximum turnover limit for a Micro enterprise? A) ₹10 crore B) ₹5 crore C) ₹1 crore D) ₹50 lakh Answer: B) ₹5 crore Flexibility and adaptability are key characteristics of: A) Large corporations B) MSMEs C) Public sector units D) Multinational companies Answer: B) MSMEs ...