CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When is the Micro, Small and Medium-Sized Enterprises Day Observed Globally?
A
24 June
B
26 June
C
27 June
D
25 June
Explanation: 

Detailed explanation-1: -The United Nations General Assembly designated 27 June as “Micro-, Small, and Medium-sized Enterprises Day” (A/RES/71/279) to raise awareness of the tremendous contributions of micro-, small and medium-sized enterprises (MSMEs) to the achievement of the United Nations Sustainable Development Goals (SDGs).

Detailed explanation-2: -After 14 years since the MSME Development Act came into existence in 2006, a revision in MSME definition was announced in the Atmnirbhar Bharat package on 13th May, 2020.

Detailed explanation-3: -This year, the MSME Day is being observed under the theme of “Resilience and Rebuilding: MSMEs for Sustainable Development".

Detailed explanation-4: -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-5: -According to the World Bank, Micro, Small and Medium Enterprises (MSMEs) are defined as follows – micro enterprises: 1–9 employees; small: 10–49 employees; and medium: 50–249 employees.

There is 1 question to complete.