 |  Small Business 20 Flashcards |  Start |
 | What percentage of India's GDP is contributed by MSMEs? |  Card: 1 / 20 |
| MSMEs contribute approximately 29.7% of India's GDP. | Card: 2 / 20 |
| The term MSME stands for ______________. | Card: 3 / 20 |
| Micro, Small and Medium Enterprises. | Card: 4 / 20 |
| True or False: MSMEs only contribute to the manufacturing sector in India. | Card: 5 / 20 |
| False. MSMEs contribute to various sectors including services and trade. | Card: 6 / 20 |
| In which year was the MSMED Act enacted? | Card: 7 / 20 |
| The MSMED Act was enacted in 2006. | Card: 8 / 20 |
| Fill in the blank: MSMEs contribute approximately ________ percent of India's exports. | Card: 9 / 20 |
| 49.66 percent. | Card: 10 / 20 |
|  Unlock all Flashcards with EduRev Infinity Plan Starting from @ ₹99 only | |
| What are the three categories of MSMEs? | Card: 11 / 20 |
| Micro Enterprises, Small Enterprises, and Medium Enterprises. | Card: 12 / 20 |
| Riddle: I help create jobs and support local economies, but face challenges in funding and technology. What am I? | Card: 13 / 20 |
| MSMEs. | Card: 14 / 20 |
| What is the maximum turnover for a micro-enterprise as defined by the MSME Act? | Card: 15 / 20 |
| The maximum turnover for a micro-enterprise is 1 Crore. | Card: 16 / 20 |
| True or False: The Khadi and Village Industries are part of the MSME sector. | Card: 17 / 20 |
| True. | Card: 18 / 20 |
| What challenges do MSMEs face in India? | Card: 19 / 20 |
| MSMEs face challenges like lack of access to finance, inadequate infrastructure, and competition from larger firms. | Card: 20 / 20 |
| Completed! Keep practicing to master all of them. |  Restart |
