MSMEs: The Backbone of India's Economy: Checkpoint 1

Quick checkpoint - five questions on msmes: the backbone of india's economy.

Quick checkpoint - five questions on msmes: the backbone of india’s economy.

Question 1 of 5 How are MSMEs classified since 2020?

By colour of logo By location only By number of children of the owner By investment and turnover

Micro, small or medium.

Question 2 of 5 Within how many days must buyers pay MSME suppliers?

45 days 365 days 5 days No limit

The MSMED Act sets it, with interest for delays.

Question 3 of 5 What is TReDS?

A cluster A platform to sell invoices for quick cash A tax A bank

It speeds up receivables.

Question 4 of 5 What is the 'missing middle'?

A missing bank Few mid-sized firms compared with tiny ones A road A shortage of paper

Many firms stay small.

Question 5 of 5 Which town is famed for knitwear clusters?

Kota Jamnagar Tiruppur Aligarh

It is in Tamil Nadu.

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