📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    Under the simplified procedure for working capital

    finance to Micro and Small Enterprises (MSEs) with working capital limits of up to Rupees five crore, the working capital limit is computed based on:
    A 10 percent of the projected annual turnover. Correct Answer Incorrect Answer
    B 15 percent of the projected annual turnover. Correct Answer Incorrect Answer
    C 20 percent of the projected annual turnover. Correct Answer Incorrect Answer
    D 25 percent of the projected annual turnover. Correct Answer Incorrect Answer
    E 30 percent of the projected annual turnover. Correct Answer Incorrect Answer

    Solution

    According to the provided information, MSE units with working capital limits of up to Rupees five crore are provided working capital finance computed on the basis of 20 percent of their projected annual turnover.

    Practice Next
    More Accounts Questions

    Relevant for Exams:

    ask-question