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Which Act of 2006 gave micro, small and medium enterprises a single legal framework?
AContract Act
BMSMED Act
CCompanies Act
DFactories Act
Answer & Solution
Correct answer: B. MSMED Act
1. It addresses definition, credit, marketing and technology.
2. That is the MSMED Act, 2006.
3. It came into force in October 2006.
_Source: NCERT Class 11 Business Studies, Chapter 9, Small Business and Entrepreneurship._
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