GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mutual
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Market
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Medium
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Maximum
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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: -Small and medium-sized enterprises (SMEs) represent 99% of all businesses in the EU. The definition of an SME is important for access to finance and EU support programmes targeted specifically at these enterprises.
Detailed explanation-3: -SME stands for small to medium-sized enterprise and applies to businesses up to a certain size.
Detailed explanation-4: -The full form of SME is small and medium-sized enterprises. The SMEs have a limited number of workers and the investments in assets such as the cost of plant and equipment fall below a certain amount. SMEs play an extremely crucial part in the development and growth of the industrial economy of the country.