Module: General Practice
Q70: Which authority was established under the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 as the apex body to examine factors affecting the promotion of MSMEs and review Central Government policies?
✅ Correct Answer: C
Correct Option: C Concept: National Board for Micro, Small and Medium Enterprises (NB-MSME). Structure: Constituted under Section 3 of the MSMED Act, 2006, this is the statutory apex advisory body.
Leadership: It is chaired by the Union Minister for MSME.
Function: It does not implement schemes directly.
Its sole role is to review policies, examine sector development factors, and advise the Central Government on fund utilization.
Leadership: It is chaired by the Union Minister for MSME.
Function: It does not implement schemes directly.
Its sole role is to review policies, examine sector development factors, and advise the Central Government on fund utilization.