MCQ on MSMED Act 2006

In this article, we are providing you MCQ on MSMED Act 2006 which will help you to understand The MSMED Act 2006 MCQ pdf with Answers to multiple choice questions. The Micro, Small and Medium Enterprises Development Act, 2006

1) When did The MSMED Act 2006, come into force?

A) 01 April 2006
B) 02 March 2007
C) 01 May 2006
D) 02 October 2006

Answer –D) 02 October 2006

2) Which section of The MSMED Act 2006 deals with the measures for promotion and development?

A. Section 12 of The MSMED Act 2006
B. Section 9 of The MSMED Act 2006
C. Section 14 of The MSMED Act 2006
D. Section 20 of The MSMED Act 2006

Answer B. Section 9 of The MSMED Act 2006

Which section of The MSMED Act 2006 deals with the Date from which and the rate at which interest is payable?

A. Section 16 of The MSMED Act 2006
B. Section 14 of The MSMED Act 2006
C. Section 13 of The MSMED Act 2006
D. Section 18 of The MSMED Act 2006

Answer – A. Section 16 of The MSMED Act 2006

Section 25 of The MSMED Act 2006 deals with_______?

A.Establishment of Micro and Small Enterprises Facilitation Council
B. Scheme for closure of business of micro, small and medium enterprises
C.Power to make rules by State Government
D. Appointment of Officers and other employees

Ans- B. Scheme for closure of business of micro, small and medium enterprises

Composition of Micro and Small Enterprises Facilitation Council, is provided in section____ of The MSMED Act 2006

A. Section 24 of The MSMED Act 2006
B. Section 22 of The MSMED Act 2006
C. Section 21 of The MSMED Act 2006
D. Section 23 of The MSMED Act 2006

Ans- C. Section 21 of The MSMED Act 2006

Section 16 of The MSMED Act 2006provides _?

A.Date from which and rate at which interest is payable
B. Classification of enterprises
C.Establishment of Board
D.Reference to Micro and Small Enterprises Facilitation Council

Ans – A.Date from which and the rate at which interest is payable

MCQ on The MSMED Act 2006 with answers pdf

Which section of The MSMED Act 2006 deals with the Requirement to specify unpaid amounts with interest in the annual statement of accounts?

A. Section 27 of The MSMED Act 2006
B. Section 24 of The MSMED Act 2006
C. Section 22 of The MSMED Act 2006
D. Section 29 of The MSMED Act 2006

Answer – C. Section 22 of The MSMED Act 2006

Section 14 of The MSMED Act 2006 deals with_______?

A. Administration and utilization of Fund of Funds
B.Measures for promotion and development
C.Liability of buyer to make payment
D. Recovery of amount due

Ans- A. Administration and utilization of Fund of Funds

9) Which section of The MSMED Act 2006 deals with the Measures for promotion and development?

A. Section 7 of The MSMED Act 2006
B. Section 9 of The MSMED Act 2006
C. Section 4 of The MSMED Act 2006
D. Section 5 of The MSMED Act 2006

Answer B. Section 9 of The MSMED Act 2006

10) Section 10 of The MSMED Act 2006deals with_______?

A. Grants by Central Government
B.Date from which and rate at which interest is payable
C. Credit facilities
D. Jurisdiction of courts

Answer- C. Credit facilities