📝 Multiple Choice Question
Economics
What is the primary objective of the Micro, Small, and Medium Enterprises Development (MSMED) Act of 2006 in India?
A
To regulate foreign companies
B
To focus on large-scale industries only
C
To increase import tariffs to protect MSMEs
D
To promote and facilitate the development of MSMEs
Explanation
The MSMED Act was enacted to provide a legal framework to address the specific needs of micro, small, and medium enterprises and enhance their competitiveness.
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