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      Question

      Statements: 1. Amendments to the MSME Act were

      proposed during International MSME Day 2024. 2. The TEAM Initiative facilitates onboarding micro and small enterprises to ONDC. 3. MSMEs contribute 50% to India's GDP.
      A 1 and 2 are true; 3 is false Correct Answer Incorrect Answer
      B 1 and 3 are true; 2 is false Correct Answer Incorrect Answer
      C 2 and 3 are true; 1 is false Correct Answer Incorrect Answer
      D 1 is true; 2 and 3 are false Correct Answer Incorrect Answer
      E All are true Correct Answer Incorrect Answer

      Solution

      Statements 1 and 2 are directly related to the recent information provided. Statement 3 is incorrect as MSMEs contribute 30% to India's GDP.

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