Economics · Economy
Consider the following statements regarding Micro, Small and Medium Enterprises (MSMEs) in India: 1. They comprise a dynamic sector of the Indian economy providing extensive employment opportunities. 2. They require relatively low capital cost compared to large industries and help in the industrialization of backward regions. 3. They contribute significantly to the socio-economic development of the country. How many of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1All three statements✓
- 2Only two statements
- 3Only one statement
- 4None of the statements
Correct answer
All three statements
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Economy MCQs →Want more practice questions on Economy?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Economy