Question

What role do Micro, Small and Medium Enterprises (MSMEs) play in country's economic growth and Industrial Development?

1. Such institutions help in distribution of income in a wide spectrum and do not allow it to get concentrated in few hands or in few areas.
2. They have the capacity to absorb skilled and unskilled labor available in the country.
3. They help in the eradication of poverty by providing self-employment opportunities.

• A. 2 only
• B. None of these
• C. 2, 3
• D. 3 only

Answer 1

Answer:

C. 2, 3

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