Question 19 of 23
Q.Micro, Small and Medium Enterprises Development (MSMED) Act was enacted in the year :
(a) 2006
(b) 2004
(c) 2008
(d) 2007
Puducherry TnboardTamil Nadu HSC First Year (DGE) Commerce Board 2025MCQ· 1mImportance★★★★★
83% · 19/23 Questions
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Start your 14-day free trial to unlock the full solution →The Micro, Small and Medium Enterprises Development (MSMED) Act was passed in 2006; it is the statute that classifies enterprises as micro, small or medium.
The MSMED Act, 2006 is the central law that:
- Defines and classifies enterprises as micro, small or medium (based on investment and, later, turnover criteria).
- Provides a framework for their promotion, development and support. …
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