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.
Which of the following is a characteristic of “perfect competition”?
View QuestionWhat does “balance of trade” refer to?
View QuestionWhich organization is responsible for estimating India’s Gross Domestic Product (GDP)?
View QuestionWhat is the main function of the Reserve Bank of India (RBI)?
View QuestionWhich is the largest source of tax revenue for the Government of India?
View QuestionWhich term refers to an economy that has elements of both capitalism and socialism?
View QuestionWhat does the term “capital account” refer to in the balance of payments?
View QuestionWhich term refers to the decrease in the value of a currency relative to foreign currencies?
View QuestionWhat is meant by “monetary policy”?
View QuestionWhat is “inflation targeting”?
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