Subject: Economics
Book: Comprehensive Indian Economy
MSMEs form the backbone of India’s industrial output and job market, especially in rural areas. They face hurdles in credit accessibility, technology adoption, and marketing. Schemes like MUDRA loans aim to ease financing, while cluster development programs promote collaboration. The revised MSME definition (based on turnover) broadens coverage. Key exam themes: analyzing how MSMEs boost local incomes, the role of SIDBI, and reasons behind frequent sickness (lack of economies of scale, poor infrastructure). Reforms to address skill gaps and e-commerce integration can be crucial to uplift MSME competitiveness.
What does the term “elasticity of demand” measure?
View QuestionWhat is meant by “credit rating”?
View QuestionWhat does “balance of trade” refer to?
View QuestionWhich economic concept is described as “the next best alternative foregone”?
View QuestionWhich of the following causes demand-pull inflation?
View QuestionWhat is meant by “marginal propensity to consume”?
View QuestionWhich of the following is an example of a public sector undertaking (PSU) in India?
View QuestionWhat is the primary goal of a progressive tax system?
View QuestionWhat is the “law of diminishing marginal utility”?
View QuestionWhich of the following is a feature of a command economy?
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