Question
What is the main goal of the Raising and Accelerating
MSME Performance (RAMP) Scheme? Please read passage and the answer the following questions ( Q no 27 to 30) based on the passage. Promoting Micro, Small, and Medium Enterprises (MSMEs) in India is vital for the country's economic growth, job creation, and social development. MSMEs play a significant role in the Indian economy, contributing approximately 30% to the Gross Domestic Product (GDP) and accounting for nearly 50% of total exports. They are essential in fostering innovation, entrepreneurship, and inclusive growth, making them a cornerstone of India's economic landscape. The importance of promoting MSMEs can be understood through various dimensions, including economic development, job creation, innovation, regional development, and social inclusion. MSMEs are crucial for driving economic development in India. By contributing significantly to GDP, they help stimulate overall economic growth. The diverse range of products and services offered by MSMEs not only caters to domestic demand but also enhances India’s export capabilities. Promoting these enterprises helps in diversifying the economy, reducing dependency on large corporations, and creating a more resilient economic structure. Additionally, a thriving MSME sector attracts investment and fosters competition, leading to improved efficiency and productivity across industries. MSMEs are one of the largest sources of employment in India, providing jobs to millions of people, especially in rural and semi-urban areas. They have the potential to create a significant number of jobs relative to their size, making them essential for addressing unemployment and underemployment in the country. By promoting MSMEs, the government can create sustainable job opportunities, enhancing livelihoods and contributing to poverty alleviation. The growth of this sector not only helps absorb the large workforce entering the job market but also provides alternative employment opportunities for those in the informal sector. ÂSolution
The RAMP Scheme focuses on improving the competitiveness and export potential of Micro, Small, and Medium Enterprises (MSMEs) in India.
If Rs. 35,000 amounts to Rs. 42350 in two years compounded annually, find the rate of interest per annum.Â
The simple interest received on a sum is 25/36 of the sum. The number of years is equal to the annual rate of interest. What is the annual rate of inte...
Rs. 6,600 is invested in scheme ‘A’ offering simple interest of 13% p.a. and Rs. 2500 in scheme ‘B’ offering simple interest of 4% p.a. What is ...
A and B started a business with initial investments of Rs. 28000 and Rs. 35000 respectively. After one year, a profit of Rs. 10000 is earned. A being a ...
Shivam invested 24000 at 12% p.a. simple interest for ‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.26400. What is t...
A certain sum of money becomes 2500 in 6 years and Rs. 3240 in 10 years at any certain rate of simple interest. Find the principal amount.
Rs. 2,250 is the interest earned in 5 years at 9% per annum simple interest. If this amount is invested at 6% per annum for 3 years, what will be the in...
A sum of money, invested for 8 years on 5% per annum simple interest, amounted to ₹287 on maturity.
What was the sun invested in?
A Motorbike can be purchased on cash payment of Rs. 30000. But the same Motorbike can also be purchased on the cash down payment of Rs 7000 and the rest...
'P' invests a certain amount at an annual compound interest rate of 15% for two years, earning Rs. 3870 in interest. He then reinvests the total sum she...
