MSME and Entrepreneurial Ecosystem Quiz

What does MSME stand for?

• Micro, Small and Medium Enterprises

• Major, Small and Medium Enterprises

• Micro, Standard and Medium Enterprises

• Medium, Small and Major Enterprises

Which sector forms 8% of India's GDP?

• Agricultural Sector

• Service Sector

• Manufacturing Sector

• MSME Sector

What is the maximum investment limit for a micro enterprise as per the revised MSME definition?

• Rs. 5 Crore

• Rs. 10 Crore

• Rs. 1 Crore

• Rs. 50 Crore

Which act provides definitions for enterprise, manufacturing, and service sector?

• Companies Act 2013

• Cooperative Act 1950

• Partnership Act 1932

• MSME Act 2006

What is the primary purpose of UdyogAadhar?

• To regulate large corporations

• To provide loans to large enterprises

• To promote foreign investments

• To certify small and medium businesses

Which of the following is NOT a type of business structure mentioned?

• Franchise Corporation

• Public Limited Company

• Limited Liability Partnership

• Sole Proprietorship

What is the limit for turnover for a small enterprise?

• Rs. 10 Crore

• Rs. 100 Crore

• Rs. 50 Crore

• Rs. 5 Crore

Which state ranked first in the Ease of Doing Business in 2018?

• Andhra Pradesh

• Maharashtra

• Telangana

• Gujarat

What is the main focus of the Ease of Doing Business index?

• To measure economic growth

• To analyze market competition

• To assess employment rates

• To evaluate business regulations

Which of the following is a characteristic of the service sector?

• Transfer of ownership

• Stockable goods

• Simultaneous production and consumption

• Tangible products