As per the latest figures available upto March 2024, which sector among the following, has the lowest number of active companies?

Correct option is B

The correct answer is (b) Insurance.
Explanation:
● Data from the Ministry of Corporate Affairs (MCA) as of March 2024 shows that the Insurance sector has the lowest density of active registered companies compared to broader sectors like Manufacturing or Trading.
● The Insurance sector is highly regulated and dominated by a few large public and private players.
● Manufacturing and Trading sectors traditionally host hundreds of thousands of active companies due to lower entry barriers and diverse operations.
Information Booster:
● MCA (Ministry of Corporate Affairs) – Regulates the corporate sector in India through the Companies Act.
● Active Company – A company that has filed its latest financial statements and annual returns.
● IRDAI (Insurance Regulatory and Development Authority of India) – The regulatory body for the insurance sector.
Additional Knowledge:
● Service Sector – The largest contributor to India's GDP.
● MSME (Micro, Small, and Medium Enterprises) – Forms the backbone of the manufacturing and trading sectors.