Question

    According to the MSME policy, the startup status of a

    company ceases if its turnover exceeds ____ or it has completed ____ years from incorporation.
    A ₹50 crores, 7 years Correct Answer Incorrect Answer
    B ₹100 crores, 10 years Correct Answer Incorrect Answer
    C ₹75 crores, 8 years Correct Answer Incorrect Answer
    D ₹25 crores, 5 years Correct Answer Incorrect Answer
    E ₹150 crores, 12 years Correct Answer Incorrect Answer

    Solution

    As per the Startup India definition, an entity is recognized as a startup until: • Turnover exceeds ₹100 crore, or • It completes 10 years from the date of incorporation. This limit ensures that genuine early-stage businesses receive support while keeping mature businesses out of the startup benefits net.

    Practice Next
    More Accounts Questions

    Relevant for Exams:

    Hey, Don't leave. If you have any queries regarding any exam let us know here.

    ask-question