BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Permanent registration
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Registration by SME after making profit
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Registration at pre-investment stage
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None of the above
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Detailed explanation-1: -In the registration of SSI/MSME there are two types of certificates provided by the authorities, initially provisional registration certificate is given to the companies which is valid for five years. It is given for pre-operative period and after that a permanent registration certificate is given in perpetuity.
Detailed explanation-2: -MSME registration helps the Micro, Small and Medium (MSME) industries to obtain various benefits provided by the government for their growth. In a developing country like India, MSME industries are the backbone of the economy.
Detailed explanation-3: -What Does SME Mean? SME stands for small and medium-sized enterprises. As opposed to multinational conglomerates with locations around the world, SMEs are much smaller businesses that create a majority of jobs across the economy.