2022
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
45%
|
|
|
75%
|
|
|
35%
|
|
|
55%
|
Detailed explanation-1: -MSMEs are the largest employer in India outside of agriculture, employing over 11.1 crore people, or 45% of all workers.
Detailed explanation-2: -The Indian MSME Sector The Micro sector includes 630.5 lakh enterprises, accounting for over 99% of the country’s total number of MSMEs. The Small sector includes 3.3 lakh enterprises (0.5% of total MSMEs), while the Medium sector includes 0.05 lakh enterprises (0.01% of total MSMEs).
Detailed explanation-3: -The Manufacturing enterprises dominate in terms of number of enterprises and employment, when compared with other two activities. Number of enterprises in manufacturing activity is 10.50 lakh accounting for 67.10 percent, employment with 80.83 lakh persons accounting for 86.83 percent from the total MSMEs sector.
Detailed explanation-4: -The Philippines employs two criteria in operationally defining MSMEs, namely employment and asset size. The PSA classifies an enterprise as a micro if it has less than 10 employees, small if it has 10-99 employees, medium with 100-199 employees, and large if it has 200 or more employees.