Q1. To boost the economy and ease State Government approvals, the Rajasthan Micro, Small and Medium Enterprises (Facilitation of Establishment and Enforcement) Amendment Act, 2023 increased the period of exemption for MSMEs from:
A 3 years to 4 years
B 2 years to 4 years
C 4 years to 5 years
D 3 years to 5 years Correct
Explanation
The 2023 amendment extended the exemption period for MSMEs from 3 years to 5 years, allowing new enterprises more time before specified approvals and inspections became applicable. The shift was not from 3 to 4 years, because the amended relief was longer than one extra year. It was not from 2 to 4 years, since the earlier exemption under this framework was 3 years. It was also not from 4 to 5 years; 4 years was not the earlier statutory period in the printed question's context.