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    Question

    According to the MSMED Act, the board constituted under

    Section 3 shall meet at least how many times in every three months?
    A Once a month Correct Answer Incorrect Answer
    B Once every six months Correct Answer Incorrect Answer
    C Once in every three months Correct Answer Incorrect Answer
    D Twice a year Correct Answer Incorrect Answer
    E As and when required Correct Answer Incorrect Answer

    Solution

    Under Section 3 of the MSMED Act, the advisory board established to review the functioning of the Act is required to meet at least once every three months. The objective is to ensure regular policy review and timely recommendations on matters related to the development and regulation of MSMEs. These meetings are crucial for assessing the implementation of schemes, evaluating sectoral challenges, and suggesting regulatory interventions as needed.

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