13 MCQs on MSME Day 2024

13 MCQs on MSME Day 2024

Test your knowledge of MSMEs with our 13 engaging MCQs on MSME Day 2024! Perfect for entrepreneurs, students, and anyone interested in small businesses.

MCQs on MSME Day

  1. When did the United Nations declare June 27 to be Micro, Small, and Medium-Sized Enterprises (MSME) Day?

    • A) 2015
    • B) 2016
    • C) 2017
    • D) 2018

    Answer: C) 2017

  2. What is the primary purpose of MSME Day as declared by the United Nations?

    • A) To reduce the number of MSMEs globally
    • B) To honor MSMEs' role in achieving the Sustainable Development Goals (SDGs)
    • C) To promote large corporations
    • D) To increase government control over MSMEs

    Answer: B) To honor MSMEs' role in achieving the Sustainable Development Goals (SDGs)

  3. According to UN data, MSMEs account for what percentage of businesses worldwide?

    • A) 50%
    • B) 60%
    • C) 70%
    • D) 90%

    Answer: D) 90%

  4. In India, how many people are employed by MSMEs?

    • A) 50 million
    • B) 80 million
    • C) 110 million
    • D) 150 million

    Answer: C) 110 million

  5. What percentage of India's GDP is contributed by MSMEs?

    • A) 20%
    • B) 25%
    • C) 30%
    • D) 33%

    Answer: D) 33%

  6. What was the theme for World MSME Day in India for the year 2023?

    • A) "Innovate to Lead"
    • B) "Future-ready MSMEs for India@100"
    • C) "Empowering Entrepreneurs"
    • D) "Sustainable Growth"

    Answer: B) "Future-ready MSMEs for India@100"

  7. Which of the following initiatives was launched by the Ministry of MSME on World MSME Day 2023 in India?

    • A) Digital India Initiative
    • B) CHAMPIONS 2.0 Portal and Mobile App
    • C) Swachh Bharat Abhiyan
    • D) Make in India

    Answer: B) CHAMPIONS 2.0 Portal and Mobile App

  8. What percentage of India's manufactured goods are produced by MSMEs?

    • A) 25%
    • B) 35%
    • C) 45%
    • D) 55%

    Answer: C) 45%

  9. How many products do MSMEs in India produce?

    • A) 5,000
    • B) 6,000
    • C) 7,000
    • D) 8,000

    Answer: D) 8,000

  10. Which government scheme aims to provide credit guarantees for micro and small enterprises in India?

    • A) PM Employment Generation Program (PMEGP)
    • B) Government e-Marketplace (GeM)
    • C) Credit Guarantee Scheme for Micro and Small Enterprises (CGTMSE)
    • D) Mudra Yojana

    Answer: C) Credit Guarantee Scheme for Micro and Small Enterprises (CGTMSE)

  11. What is the theme for World MSME Day 2024?

    • A) "Empowering Women Entrepreneurs"
    • B) "Building Sustainable Economies"
    • C) "Poverty Eradication by 2030"
    • D) "Innovative MSMEs for a Better Future"

    Answer: C) "Poverty Eradication by 2030"

  12. The theme for MSME Day 2024 is aligned with which Sustainable Development Goal (SDG)?

    • A) Quality Education
    • B) Gender Equality
    • C) No Poverty
    • D) Affordable and Clean Energy

    Answer: C) No Poverty

  13. What challenges are highlighted in the MSME Day 2024 theme?

    • A) Overpopulation and urbanization
    • B) Constrained fiscal space, cost-of-living crisis, obstacles to accessing new sources of development and climate financing, and conflicts
    • C) Technological advancements and innovation
    • D) Increasing global trade and market expansion

    Answer: B) Constrained fiscal space, cost-of-living crisis, obstacles to accessing new sources of development and climate financing, and conflicts

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