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Directions: Read the following passage and answer the question.Micro, Small and Medium Enterprises (MSMEs) play a fundamental role in India's economic growth, contributing 30 per cent to its GDP and nearly 50 per cent to its exports. The sector encompasses over 63 million enterprises and provides a livelihood to over 111 million workers. With the manufacturing sector's contribution to GDP hovering around the 15 per cent mark over the past two decades, MSMEs are seen as a way of re-energising the sector that will push its contribution to 25 per cent of GDP. The potential of MSMEs is well-recognised by industry bodies, academics, and policymakers. In a recently concluded MSME conclave, BB Swain, Secretary, Ministry of MSME, highlighted MSMEs' potential in building a complete supply chain, enhancing their global competitiveness. Along similar lines, the Economic Survey also underlines the significant benefits that can be reaped by participation in GVCs (Global Value Chains) for Indian manufacturing by creating four million jobs by 2025 and contributing one-fourth in value-added terms towards the $5 trillion economy. A recent MSME digital readiness survey of 250 Indian MSMEs by PayPal highlights that 29 per cent of these firms witnessed an increase in online customers and 32 per cent experienced better payment solutions.[Source - The Hindu, May 1, 2022]Q. Which act classifies industries into micro, small and medium enterprises?a)Micro, Small and Medium Enterprise Development Act, 2006b)Micro, Small and Medium Enterprise Development Act, 2008c)Micro, Small and Medium Enterprise Development Act, 2010d)Micro, Small and Medium Enterprise Development Act, 2012Correct answer is option 'A'. Can you explain this answer? for CLAT 2024 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Directions: Read the following passage and answer the question.Micro, Small and Medium Enterprises (MSMEs) play a fundamental role in India's economic growth, contributing 30 per cent to its GDP and nearly 50 per cent to its exports. The sector encompasses over 63 million enterprises and provides a livelihood to over 111 million workers. With the manufacturing sector's contribution to GDP hovering around the 15 per cent mark over the past two decades, MSMEs are seen as a way of re-energising the sector that will push its contribution to 25 per cent of GDP. The potential of MSMEs is well-recognised by industry bodies, academics, and policymakers. In a recently concluded MSME conclave, BB Swain, Secretary, Ministry of MSME, highlighted MSMEs' potential in building a complete supply chain, enhancing their global competitiveness. Along similar lines, the Economic Survey also underlines the significant benefits that can be reaped by participation in GVCs (Global Value Chains) for Indian manufacturing by creating four million jobs by 2025 and contributing one-fourth in value-added terms towards the $5 trillion economy. A recent MSME digital readiness survey of 250 Indian MSMEs by PayPal highlights that 29 per cent of these firms witnessed an increase in online customers and 32 per cent experienced better payment solutions.[Source - The Hindu, May 1, 2022]Q. Which act classifies industries into micro, small and medium enterprises?a)Micro, Small and Medium Enterprise Development Act, 2006b)Micro, Small and Medium Enterprise Development Act, 2008c)Micro, Small and Medium Enterprise Development Act, 2010d)Micro, Small and Medium Enterprise Development Act, 2012Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CLAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: Read the following passage and answer the question.Micro, Small and Medium Enterprises (MSMEs) play a fundamental role in India's economic growth, contributing 30 per cent to its GDP and nearly 50 per cent to its exports. The sector encompasses over 63 million enterprises and provides a livelihood to over 111 million workers. With the manufacturing sector's contribution to GDP hovering around the 15 per cent mark over the past two decades, MSMEs are seen as a way of re-energising the sector that will push its contribution to 25 per cent of GDP. The potential of MSMEs is well-recognised by industry bodies, academics, and policymakers. In a recently concluded MSME conclave, BB Swain, Secretary, Ministry of MSME, highlighted MSMEs' potential in building a complete supply chain, enhancing their global competitiveness. Along similar lines, the Economic Survey also underlines the significant benefits that can be reaped by participation in GVCs (Global Value Chains) for Indian manufacturing by creating four million jobs by 2025 and contributing one-fourth in value-added terms towards the $5 trillion economy. A recent MSME digital readiness survey of 250 Indian MSMEs by PayPal highlights that 29 per cent of these firms witnessed an increase in online customers and 32 per cent experienced better payment solutions.[Source - The Hindu, May 1, 2022]Q. Which act classifies industries into micro, small and medium enterprises?a)Micro, Small and Medium Enterprise Development Act, 2006b)Micro, Small and Medium Enterprise Development Act, 2008c)Micro, Small and Medium Enterprise Development Act, 2010d)Micro, Small and Medium Enterprise Development Act, 2012Correct answer is option 'A'. Can you explain this answer?.

Solutions for Directions: Read the following passage and answer the question.Micro, Small and Medium Enterprises (MSMEs) play a fundamental role in India's economic growth, contributing 30 per cent to its GDP and nearly 50 per cent to its exports. The sector encompasses over 63 million enterprises and provides a livelihood to over 111 million workers. With the manufacturing sector's contribution to GDP hovering around the 15 per cent mark over the past two decades, MSMEs are seen as a way of re-energising the sector that will push its contribution to 25 per cent of GDP. The potential of MSMEs is well-recognised by industry bodies, academics, and policymakers. In a recently concluded MSME conclave, BB Swain, Secretary, Ministry of MSME, highlighted MSMEs' potential in building a complete supply chain, enhancing their global competitiveness. Along similar lines, the Economic Survey also underlines the significant benefits that can be reaped by participation in GVCs (Global Value Chains) for Indian manufacturing by creating four million jobs by 2025 and contributing one-fourth in value-added terms towards the $5 trillion economy. A recent MSME digital readiness survey of 250 Indian MSMEs by PayPal highlights that 29 per cent of these firms witnessed an increase in online customers and 32 per cent experienced better payment solutions.[Source - The Hindu, May 1, 2022]Q. Which act classifies industries into micro, small and medium enterprises?a)Micro, Small and Medium Enterprise Development Act, 2006b)Micro, Small and Medium Enterprise Development Act, 2008c)Micro, Small and Medium Enterprise Development Act, 2010d)Micro, Small and Medium Enterprise Development Act, 2012Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.

Here you can find the meaning of Directions: Read the following passage and answer the question.Micro, Small and Medium Enterprises (MSMEs) play a fundamental role in India's economic growth, contributing 30 per cent to its GDP and nearly 50 per cent to its exports. The sector encompasses over 63 million enterprises and provides a livelihood to over 111 million workers. With the manufacturing sector's contribution to GDP hovering around the 15 per cent mark over the past two decades, MSMEs are seen as a way of re-energising the sector that will push its contribution to 25 per cent of GDP. The potential of MSMEs is well-recognised by industry bodies, academics, and policymakers. In a recently concluded MSME conclave, BB Swain, Secretary, Ministry of MSME, highlighted MSMEs' potential in building a complete supply chain, enhancing their global competitiveness. Along similar lines, the Economic Survey also underlines the significant benefits that can be reaped by participation in GVCs (Global Value Chains) for Indian manufacturing by creating four million jobs by 2025 and contributing one-fourth in value-added terms towards the $5 trillion economy. A recent MSME digital readiness survey of 250 Indian MSMEs by PayPal highlights that 29 per cent of these firms witnessed an increase in online customers and 32 per cent experienced better payment solutions.[Source - The Hindu, May 1, 2022]Q. Which act classifies industries into micro, small and medium enterprises?a)Micro, Small and Medium Enterprise Development Act, 2006b)Micro, Small and Medium Enterprise Development Act, 2008c)Micro, Small and Medium Enterprise Development Act, 2010d)Micro, Small and Medium Enterprise Development Act, 2012Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: Read the following passage and answer the question.Micro, Small and Medium Enterprises (MSMEs) play a fundamental role in India's economic growth, contributing 30 per cent to its GDP and nearly 50 per cent to its exports. The sector encompasses over 63 million enterprises and provides a livelihood to over 111 million workers. With the manufacturing sector's contribution to GDP hovering around the 15 per cent mark over the past two decades, MSMEs are seen as a way of re-energising the sector that will push its contribution to 25 per cent of GDP. The potential of MSMEs is well-recognised by industry bodies, academics, and policymakers. In a recently concluded MSME conclave, BB Swain, Secretary, Ministry of MSME, highlighted MSMEs' potential in building a complete supply chain, enhancing their global competitiveness. Along similar lines, the Economic Survey also underlines the significant benefits that can be reaped by participation in GVCs (Global Value Chains) for Indian manufacturing by creating four million jobs by 2025 and contributing one-fourth in value-added terms towards the $5 trillion economy. A recent MSME digital readiness survey of 250 Indian MSMEs by PayPal highlights that 29 per cent of these firms witnessed an increase in online customers and 32 per cent experienced better payment solutions.[Source - The Hindu, May 1, 2022]Q. Which act classifies industries into micro, small and medium enterprises?a)Micro, Small and Medium Enterprise Development Act, 2006b)Micro, Small and Medium Enterprise Development Act, 2008c)Micro, Small and Medium Enterprise Development Act, 2010d)Micro, Small and Medium Enterprise Development Act, 2012Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Directions: Read the following passage and answer the question.Micro, Small and Medium Enterprises (MSMEs) play a fundamental role in India's economic growth, contributing 30 per cent to its GDP and nearly 50 per cent to its exports. The sector encompasses over 63 million enterprises and provides a livelihood to over 111 million workers. With the manufacturing sector's contribution to GDP hovering around the 15 per cent mark over the past two decades, MSMEs are seen as a way of re-energising the sector that will push its contribution to 25 per cent of GDP. The potential of MSMEs is well-recognised by industry bodies, academics, and policymakers. In a recently concluded MSME conclave, BB Swain, Secretary, Ministry of MSME, highlighted MSMEs' potential in building a complete supply chain, enhancing their global competitiveness. Along similar lines, the Economic Survey also underlines the significant benefits that can be reaped by participation in GVCs (Global Value Chains) for Indian manufacturing by creating four million jobs by 2025 and contributing one-fourth in value-added terms towards the $5 trillion economy. A recent MSME digital readiness survey of 250 Indian MSMEs by PayPal highlights that 29 per cent of these firms witnessed an increase in online customers and 32 per cent experienced better payment solutions.[Source - The Hindu, May 1, 2022]Q. Which act classifies industries into micro, small and medium enterprises?a)Micro, Small and Medium Enterprise Development Act, 2006b)Micro, Small and Medium Enterprise Development Act, 2008c)Micro, Small and Medium Enterprise Development Act, 2010d)Micro, Small and Medium Enterprise Development Act, 2012Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Directions: Read the following passage and answer the question.Micro, Small and Medium Enterprises (MSMEs) play a fundamental role in India's economic growth, contributing 30 per cent to its GDP and nearly 50 per cent to its exports. The sector encompasses over 63 million enterprises and provides a livelihood to over 111 million workers. With the manufacturing sector's contribution to GDP hovering around the 15 per cent mark over the past two decades, MSMEs are seen as a way of re-energising the sector that will push its contribution to 25 per cent of GDP. The potential of MSMEs is well-recognised by industry bodies, academics, and policymakers. In a recently concluded MSME conclave, BB Swain, Secretary, Ministry of MSME, highlighted MSMEs' potential in building a complete supply chain, enhancing their global competitiveness. Along similar lines, the Economic Survey also underlines the significant benefits that can be reaped by participation in GVCs (Global Value Chains) for Indian manufacturing by creating four million jobs by 2025 and contributing one-fourth in value-added terms towards the $5 trillion economy. A recent MSME digital readiness survey of 250 Indian MSMEs by PayPal highlights that 29 per cent of these firms witnessed an increase in online customers and 32 per cent experienced better payment solutions.[Source - The Hindu, May 1, 2022]Q. Which act classifies industries into micro, small and medium enterprises?a)Micro, Small and Medium Enterprise Development Act, 2006b)Micro, Small and Medium Enterprise Development Act, 2008c)Micro, Small and Medium Enterprise Development Act, 2010d)Micro, Small and Medium Enterprise Development Act, 2012Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: Read the following passage and answer the question.Micro, Small and Medium Enterprises (MSMEs) play a fundamental role in India's economic growth, contributing 30 per cent to its GDP and nearly 50 per cent to its exports. The sector encompasses over 63 million enterprises and provides a livelihood to over 111 million workers. With the manufacturing sector's contribution to GDP hovering around the 15 per cent mark over the past two decades, MSMEs are seen as a way of re-energising the sector that will push its contribution to 25 per cent of GDP. The potential of MSMEs is well-recognised by industry bodies, academics, and policymakers. In a recently concluded MSME conclave, BB Swain, Secretary, Ministry of MSME, highlighted MSMEs' potential in building a complete supply chain, enhancing their global competitiveness. Along similar lines, the Economic Survey also underlines the significant benefits that can be reaped by participation in GVCs (Global Value Chains) for Indian manufacturing by creating four million jobs by 2025 and contributing one-fourth in value-added terms towards the $5 trillion economy. A recent MSME digital readiness survey of 250 Indian MSMEs by PayPal highlights that 29 per cent of these firms witnessed an increase in online customers and 32 per cent experienced better payment solutions.[Source - The Hindu, May 1, 2022]Q. Which act classifies industries into micro, small and medium enterprises?a)Micro, Small and Medium Enterprise Development Act, 2006b)Micro, Small and Medium Enterprise Development Act, 2008c)Micro, Small and Medium Enterprise Development Act, 2010d)Micro, Small and Medium Enterprise Development Act, 2012Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CLAT tests.