MCQ
upsc-p1-economy-industry-msme MCQ - Practice Questions with Answers
Solve 2 upsc-p1-economy-industry-msme questions for RAS/RPSC preparation.
Practice questions
Q1Consider the following statements regarding MSME formalisation in India: 1. Udyam registration automatically confers entitlement to every government scheme benefit available to MSMEs. 2. The Udyam Assist Platform was launched on 11.01.2023 to bring informal micro enterprises into the formal ambit and improve access to priority sector lending benefits. Which of the statements given above is/are correct? Select the correct answer using the code below.
Statement 2 alone is correct. Udyam registration is a free, paperless gateway that can improve eligibility and access, but each scheme retains its own conditions and documentation requirements. Udyam Assist specifically targets informal micro enterprises and their access to priority sector lending benefits.
Q2Arrange the following developments in chronological order, from the earliest to the latest: A. Revised MSME investment and turnover thresholds came into effect B. Udyam Assist Platform was launched for informal micro enterprises C. Udyam Registration Portal was launched D. PM GatiShakti National Master Plan was launched Select the correct answer using the code below.
Udyam Registration was launched on 01.07.2020 (C), PM GatiShakti on 13.10.2021 (D), Udyam Assist on 11.01.2023 (B), and the revised MSME thresholds took effect on 01.04.2025 (A). The correct order is C-D-B-A.
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