Apart from the investment (₹ 2.5 crore) in the plant and machinery, a micro enterprise is expected to…
Under the revised MSME classification notified by the Government of India (effective 1st July 2020), a Micro Enterprise is defined by a composite criterion of investment in…
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Apart from the investment (₹ 2.5 crore) in the plant and machinery, a micro enterprise is expected to have a turnover of ₹ ________.
Answer and explanation
Correct answer A
Under the revised MSME classification notified by the Government of India (effective 1st July 2020), a Micro Enterprise is defined by a composite criterion of investment in plant and machinery or equipment not exceeding Rs. 1 crore and annual turnover not exceeding Rs. 5 crore (up to 5 crore).
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