What is the primary objective of the Micro, Small, and Medium Enterprises Development (MSMED) Act of 2006 in India?

Question

Economics · Industrial Policy

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Share:

Correct answer

To promote and facilitate the development of MSMEs

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Industrial Policy?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Economics · Industrial Policy

The Dandi March, also known as the Salt Satyagraha, was led by which influential leader?

Which act formally granted independence to India, marking the end of British rule?

Who was the key figure in establishing the Indian National Congress?

Answer 1

To promote and facilitate the development of MSMEs

Answer 2

To increase import tariffs to protect MSMEs

Answer 3

To focus on large-scale industries only

Answer 4

To regulate foreign companies

Related Practice Questions