MSMEs - Current Affairs Questions and Answers

1)   Government has made the decision to relax norms for which category of MSMEs?

a. startups
b. 10 year old
c. 5 year old
d. 3 year old
Answer  Explanation 

ANSWER: startups

Explanation:
As per the decision, MSMEs can deliver goods and services as per prescribed technical and quality specifications and norms on prior experience and turnover will be relaxed for them. This will assist startup MSMEs to take part in 20% public procurement from MSMEs and relaxation has been made for creating a conducive start up environment in India.