Q7 · UPSC current affairs · 30 September 2026 · News · National Business Register MSME Data Integration MoSPI

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Consider the following statements regarding the MSME data integration initiative:1.The Ministry of MSME and the Ministry of Finance signed an MoU to share Udyam enterprise data for taxation purposes.2.MoSPI maintains the Statistical Business Register, which serves as a national economic baseline.Which of the statements given above is/are correct?

A Both 1 and 2
B 1 only
C Neither 1 nor 2
D 2 only

Correct answer: (d) 2 only

Explanation

Statement 1 is incorrect because the MoU was signed between the Ministry of MSME and the Ministry of Statistics and Programme Implementation (MoSPI), not the Ministry of Finance. Statement 2 is correct because MoSPI maintains the Statistical Business Register as a national economic baseline using Udyam registration data.

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