BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Small and Medium Enterprises
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Selling and Marketing Establishment
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Selling and Managing Employee
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Sales and Marketing entity
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Detailed explanation-1: -Small and Medium Enterprises (SMEs) play a major role in most economies, particularly in developing countries. SMEs account for the majority of businesses worldwide and are important contributors to job creation and global economic development.
Detailed explanation-2: -SME stands for small and medium-sized enterprises. These are businesses with investment, turnover, and workforce below a certain threshold. In India, SMEs comprise both manufacturing and service enterprises.
Detailed explanation-3: -An SME is any organisation that has fewer than 250 employees and a turnover of less than €50 million or a balance sheet total less than €43 million.
Detailed explanation-4: -MSME (Micro, Small, and Medium Enterprise) term was introduced by the Government of India in agreement with the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006.
Detailed explanation-5: -SMEs are further subdivided into micro enterprises (fewer than 10 employees), small enterprises (10 to 49 employees), medium-sized enterprises (50 to 249 employees). Large enterprises employ 250 or more people.