Multiple Choice Questions on Consider the following pairs Initiatives to Promote MSME Sector Specific Purpose........... for MPPCS Exam Preparation

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Indian Economic System(MPPCS)

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Indian Economy - Understanding the basics of Indian economic system

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    Consider the following pairs
    Initiatives to Promote MSME Sector        Specific Purpose
    1. Udyam Registration Portal                MSMEs can directly register their cases about delayed payments by Central/State Departments.
    2. MSME SAMBANDH                          Monitors the implementation of the Public Procurement from MSEs by Central Public Sector 
    3. ASPIRE Initiative                               Promotes innovation & rural entrepreneurship through rural Livelihood Business Incubator (LBI).
    Select the correct code.

    1&2 only

    Incorrect Answer

    2&3 only

    Correct Answer

    1&3 only

    Incorrect Answer

    All of the above

    Incorrect Answer
    Explanation:

    The MSMEs are the growth accelerators of the Indian economy, contributing about 30% of the country’s gross domestic product (GDP).

    Initiatives to Promote MSME Sector

    • A Scheme for Promoting Innovation, Rural Industry & Entrepreneurship (ASPIRE): The scheme promotes innovation & rural entrepreneurship through rural Livelihood Business Incubator (LBI), Technology Business Incubator (TBI) and Fund of Funds for start-up creation in the agro-based industry.
    • Udyam Registrations Portal: This new portal assists the government in aggregating the data on the number of MSMEs in the country.
    • MSME Samadhan: It enables them to directly register their cases about delayed payments by Central Ministries/Departments/CPSEs/State Governments. 
    • MSME SAMBANDH: It is a Public Procurement Portal. It was launched to monitor the implementation of the Public Procurement from MSEs by Central Public Sector Enterprises. 

    Hence option 2nd is correct


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