MSME stands for:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → Micro, Small and Medium Enterprises **
MSME stands for Micro, Small and Medium Enterprises.
These enterprises are the backbone of many economies, including India's, as they contribute significantly to industrial output, exports, and employment. In India, they are defined under the MSME Development (MSMED) Act of 2006.