Consider the following statements about the Micro, Small and Medium Enterprises (MSMEs):<br>1. The MSMEs comprise a dynamic sector of the Indian economy providing large employment opportunities.<br>2. MSMEs require low capital cost and help industrialization of backward regions.<br>3. MSMEs contribute enormously to socio-economic development.<br>How many of the above statements is/are correct?
- A. None
- B. 1
- C. 2
- D. 3 ✓
Correct Answer: D. 3
Explanation
All three statements are correct. The MSME sector is a highly dynamic part of the Indian economy, driving massive employment generation, requiring lower capital per job, and ensuring regional balance.
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