With reference to MSMEs in India consider following statements Nearly 99 5 percent of all MSMEs fall...........

Economic Affairs Small Scale Industries

Download Solution PDF

With reference to MSMEs in India, consider following statements

Nearly 99.5 percent of all MSMEs fall in the micro category.
While small and medium enterprises are equally distributed over rural and urban India where as micro enterprises are predominantly in urban India.

Select the correct statement.

1 only

2 only

Both

None

छोटे Courses बड़े Results

Master Small Scale Industries

Prepare through Micro-courses

Try Now

Explanation:

Nearly, 99.5 per cent of all MSMEs fall in the micro category. While micro enterprises are equally distributed over rural and urban India, small and medium ones are predominantly in urban India. In other words, micro enterprises essentially refer to a single man or a woman working on their own from their home. Hence only statement 1st is correct.