economics easy True/False

The 'Udyam Registration' portal, launched by the Ministry of MSME, requires enterprises to upload extensive physical documents and pay a nominal registration fee to obtain their MSME certificate.

  1. True
  2. False

Answer: False

Udyam Registration was specifically designed to eliminate bureaucratic friction. It is a completely free, paperless, and self-declaration-based platform. It integrates seamlessly with the Income Tax and GSTN databases to automatically verify investment and turnover details, providing MSMEs with a permanent, dynamic identity without requiring them to visit any government office or submit physical proofs.

Topic Indian Economy - Industry
Exam Relevance SSC, Railway, UPSC
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