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SSC GD 2023 PYQ — Question 38

SSC GD Constable (English) - 25 Jan 2023 - Shift 2 • General Awareness • Q38

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SME stands for small and ___________ enterprises.

Show answer & explanation

Correct answer: B

Explanation

The correct answer is option 2 i.e. medium-sized.

  • SME stands for Small and Medium-sized Enterprise. SME's are businesses whose personnel and revenue numbers fall below certain limits.
  • SMEs play an important role in an economy, employing vast numbers of people and helping to shape innovations.
  • Governments regularly offer incentives, including favorable tax treatment and better access to loans, to help keep SMEs in business.