2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Medium, Small and Micro Enterprise
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Mini, Small and Medium Enterprise
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Macro, Simple and Medium Enterprise
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Micro, Small and Medium Enterprise
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Detailed explanation-1: -What’s MSME | Ministry of Micro, Small & Medium Enterprises. Ministry of Micro, small & Medium Enterprises.
Detailed explanation-2: -MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth.
Detailed explanation-3: -Micro, Small, Medium Enterprises (MSME’s) are entities that are involved in production, manufacturing and processing of goods and commodities. The concept of MSME was first introduced by the government of India through the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006.
Detailed explanation-4: -MSME stands for Micro, Small, and Medium Enterprises. It was introduced by the Government of India in agreement with the MSMED (Micro, Small, and Medium Enterprises Development) Act of 2006. As per this act, MSMEs are the enterprises involved in the processing, production, and preservation of goods and commodities.