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Question Practice

Why are MSMEs important for boosting India's economy?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Business Studies
Business Studies
MSME and Business Entrepreneurship
Question Bank

Why are MSMEs important for bo...

Single Answer MCQ
Q-00064938

Why are MSMEs important for boosting India's economy?

1

They are heavily taxed

2

They require less labor

3

They contribute to GDP and employment

4

They focus only on luxury goods

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Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

Q1.

What does MSME stand for?

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Q2.

Which sector employs the largest number of people in India?

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Q3.

What percentage of India's GDP is contributed by the MSME sector?

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Q4.

Which of the following is NOT a characteristic of MSMEs?

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