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Which registration system's unit-wise data will be shared with MoSPI under the MoU?

  1. A.GST registration
  2. B.Udyam Registration
  3. C.Shram Suvidha registration
  4. D.Company registration with the Registrar of Companies

Correct answer

B. Udyam Registration

Explanation

The correct answer is Udyam Registration, the system under the Ministry of Micro, Small and Medium Enterprises on which enterprises record themselves as micro, small or medium units. Under the MoU its unit-wise data will be shared with the statistics ministry through application programming interfaces, and the two-way API will supply data for preparing the National Statistical Business Register. Option A is wrong because goods and services tax registration is administered by the tax authorities and is not the system named in this agreement. Option C is wrong because the labour ministry's compliance portal was not mentioned. Option D is wrong because company incorporation records sit with the corporate affairs machinery rather than the MSME ministry. The stated gain from the sharing is improved coverage, consistency and reliability of business information used for statistical purposes.

Read the full article: MSME Ministry and MoSPI Sign MoU on Statistical Business Register

Practice Questions

Q1.EconomyEasy

The MoU signed between the Ministry of MSME and MoSPI is meant to develop and strengthen which of the following?

  1. A.Statistical Business Register
  2. B.Annual Survey of Industries
  3. C.Index of Industrial Production
  4. D.Consumer Price Index
Show answer
Correct answer: A. Statistical Business Register

The memorandum institutionalises a mechanism for sharing relevant data so that this register can be developed and strengthened, with unit-wise Udyam Registration data flowing to the statistics ministry through a two-way application programming interface to feed the National Statistical Business Register.

Q2.EconomyHard

Which of the following is NOT a stated function of the Statistical Business Register?

  1. A.Identifying the target population for economic surveys
  2. B.Supporting the selection of survey samples
  3. C.Sanctioning credit guarantees to small enterprises
  4. D.Enabling the production of business demography statistics
Show answer
Correct answer: C. Sanctioning credit guarantees to small enterprises

The register is a central and regularly updated database of registered statistical units engaged in economic activity within a defined geographical territory, capturing businesses, enterprises and establishments, their key characteristics and the relationships between units.

Q4.EconomyMedium

Which scheme of the MSME Ministry handholds SC/ST micro and small enterprises for public procurement?

  1. A.National SC-ST Hub Scheme
  2. B.Prime Minister's Employment Generation Programme
  3. C.Credit Guarantee Fund Trust for Micro and Small Enterprises
  4. D.Udyam Registration
Show answer
Correct answer: A. National SC-ST Hub Scheme

The Joint Secretary told the round table that the promotion and handholding done under this scheme has steadily raised the share of SC/ST micro and small enterprises in public procurement, and the scheme's field offices are the ones being asked to coordinate more closely with the Government e-Marketplace and with…

Q5.EconomyMedium

Under the Government's Public Procurement Policy, what share of procurement is mandated from SC/ST micro and small enterprises?

  1. A.3 per cent
  2. B.4 per cent
  3. C.20 per cent
  4. D.25 per cent
Show answer
Correct answer: B. 4 per cent

The round table with Central Public Sector Enterprises was convened precisely to monitor how far they have met the mandated four per cent sourcing from micro and small enterprises owned by Scheduled Caste and Scheduled Tribe entrepreneurs.