{"id":1188,"date":"2024-03-05T15:13:19","date_gmt":"2024-03-05T15:13:19","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=1188"},"modified":"2024-03-05T15:13:19","modified_gmt":"2024-03-05T15:13:19","slug":"micro-small-and-medium-enterprises-development-act-was-implemented-in-india-in-the-year","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/micro-small-and-medium-enterprises-development-act-was-implemented-in-india-in-the-year\/","title":{"rendered":"Micro, Small and Medium Enterprises Development Act was implemented in India in the year:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;2000&#8243; option2=&#8221;2002&#8243; option3=&#8221;2006&#8243; option4=&#8221;2010&#8243; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is (a). The Micro, Small and Medium Enterprises Development Act was implemented in India in the year 2000. The Act was enacted to provide a comprehensive framework for the promotion, development and regulation of micro, small and medium enterprises (MSMEs) in India. The Act defines MSMEs as enterprises with investment in plant and machinery up to Rs. 10 crore for manufacturing enterprises and Rs. 5 crore for service enterprises. The Act provides for a number of measures to promote and develop MSMEs, including financial assistance, marketing assistance, technology upgradation assistance and training assistance. The Act also provides for a number of measures to regulate MSMEs, including registration, inspection and enforcement.<\/p>\n<p>Option (b) is incorrect because the Micro, Small and Medium Enterprises Development Act was not implemented in India in the year 2002.<\/p>\n<p>Option (c) is incorrect because the Micro, Small and Medium Enterprises Development Act was not implemented in India in the year 2006.<\/p>\n<p>Option (d) is incorrect because the Micro, Small and Medium Enterprises Development Act was not implemented in India in the year 2010.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;2000&#8243; option2=&#8221;2002&#8243; option3=&#8221;2006&#8243; option4=&#8221;2010&#8243; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-1188","post","type-post","status-publish","format-standard","hentry","category-business","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Micro, Small and Medium Enterprises Development Act was implemented in India in the year:<\/title>\n<meta name=\"description\" content=\"Option (b) is incorrect because the Micro, Small and Medium Enterprises Development Act was not implemented in India in the year 2002.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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