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      Question

      What is the maximum loan amount that can be assessed

      under the Nayak Committee's Turnover Method?
      A β‚Ή2 crore Correct Answer Incorrect Answer
      B β‚Ή3 crore Correct Answer Incorrect Answer
      C β‚Ή4 crore Correct Answer Incorrect Answer
      D β‚Ή5 crore Correct Answer Incorrect Answer
      E β‚Ή6 crore Correct Answer Incorrect Answer

      Solution

      The Nayak Committee recommended the Turnover Method for working capital assessment for businesses with credit needs up to β‚Ή5 crore. Beyond this, more detailed appraisal methods are used.

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