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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. Mark the incorrect pair. (Industries-Turnover)
  • a)
    Micro - Rs. 5 Crore
  • b)
    Small - Rs. 25 Crore
  • c)
    Medium - Rs. 250 Crore
  • d)
    All are correct.
Correct answer is option 'B'. Can you explain this answer?
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Directions: Read the following passage and answer the question.Micro,...
The limit of micro manufacturing and services units was increased to Rs. 1 Crore of investment and Rs. 5 Crore of turnover. The limit of small unit was increased to Rs. 10 Crore of investment and Rs 50 Crore of turnover. The Government of India on June 1, 2020 decided for further upward revision of the MSME definition. For medium enterprises, now it will be Rs. 50 Crore of investment and Rs. 250 Crore of turnover.
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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?

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. As of 2022, who is the Minister of Micro, Small and Medium Enterprises?

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 of the following launched a 75-day-long MSME Yatra programme, from Mumbai, to support MSMEs in scaling-up and capacity building?

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. Name the apex regulatory body for the overall regulation and licensing of micro, small and medium enterprise finance companies in India.

Imagine you and your colleague do exactly the same work but you get paid lesser than him, just because you happen to be a woman. Gender pay gap is the difference between men’s and women’s average wages. Being in the informal sector not only pays less but also makes women extremely vulnerable, with inadequate pay and no social security benefits. A report brought out by McKinsey Global Institute (MGI) in 2016 has estimated that Indian women’s contribution of 17% towards the GDP is the lowest amongst all regions in the world, as compared to the global average of 37%. However, their real contribution is very substantial in the areas of agriculture, traditional occupations and household work. Unfortunately, there is no way to account for it. As a woman advances in her career, the gender pay gap increases too. In a society like ours, we believe that higher education and experience are a guaranteed way to get a bigger salary. That’s far from reality though. It is also true that the wage disparity exists in the topmost jobs. What’s even more disturbing is that the gender pay gap is even wider at the bottom and it affects poor women the most. Article 39 of the Indian constitution states that men and women are entitled to equal pay for equal work. However, the reality in the Indian formal sector is quite the contrary. The Monster Salary Index (MSI) released in 2016 by the employment website Monster India showed that the gender pay gap in India is 27%. Till India’s social stigma against women in the workforce and the general environment of social injustice against women is not tackled, the gender pay gap may not show any sign of closing.Q. Which of the following could best weaken the conclusion reached in MGI 2016 report, that women’s contribution in India GDP is below the global average?

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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. Mark the incorrect pair. (Industries-Turnover)a)Micro - Rs. 5 Croreb)Small - Rs. 25 Crorec)Medium - Rs. 250 Crored)All are correct.Correct answer is option 'B'. Can you explain this answer?
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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. Mark the incorrect pair. (Industries-Turnover)a)Micro - Rs. 5 Croreb)Small - Rs. 25 Crorec)Medium - Rs. 250 Crored)All are correct.Correct answer is option 'B'. 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. Mark the incorrect pair. (Industries-Turnover)a)Micro - Rs. 5 Croreb)Small - Rs. 25 Crorec)Medium - Rs. 250 Crored)All are correct.Correct answer is option 'B'. 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. Mark the incorrect pair. (Industries-Turnover)a)Micro - Rs. 5 Croreb)Small - Rs. 25 Crorec)Medium - Rs. 250 Crored)All are correct.Correct answer is option 'B'. 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. Mark the incorrect pair. (Industries-Turnover)a)Micro - Rs. 5 Croreb)Small - Rs. 25 Crorec)Medium - Rs. 250 Crored)All are correct.Correct answer is option 'B'. 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. Mark the incorrect pair. (Industries-Turnover)a)Micro - Rs. 5 Croreb)Small - Rs. 25 Crorec)Medium - Rs. 250 Crored)All are correct.Correct answer is option 'B'. 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. Mark the incorrect pair. (Industries-Turnover)a)Micro - Rs. 5 Croreb)Small - Rs. 25 Crorec)Medium - Rs. 250 Crored)All are correct.Correct answer is option 'B'. 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. Mark the incorrect pair. (Industries-Turnover)a)Micro - Rs. 5 Croreb)Small - Rs. 25 Crorec)Medium - Rs. 250 Crored)All are correct.Correct answer is option 'B'. 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. Mark the incorrect pair. (Industries-Turnover)a)Micro - Rs. 5 Croreb)Small - Rs. 25 Crorec)Medium - Rs. 250 Crored)All are correct.Correct answer is option 'B'. 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. Mark the incorrect pair. (Industries-Turnover)a)Micro - Rs. 5 Croreb)Small - Rs. 25 Crorec)Medium - Rs. 250 Crored)All are correct.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CLAT tests.
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