Question
Which of the following is true regarding Micro, Small
and Medium Enterprises? 1. a micro enterprise, where the investment in plant and machinery or equipment does not exceed one crore rupees and turnover does not exceed five crore rupees 2. a small enterprise, where the investment in plant and machinery or equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees 3. a medium enterprise, where the investment in plant and machinery or equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees 4. The calculation of investment in plant and machinery or equipment will be linked to the Income Tax Return (ITR) of the previous years filed under the Income Tax Act, 1961 5. The purchase (invoice) value of a plant and machinery or equipment, whether purchased first hand or second hand, shall be taken into account excluding Goods and Services Tax (GST), on self-disclosure basis, if the enterprise is a new one without any ITR.Solution
As per RBI guidelines, there is a new criteria for classifying the enterprises as Micro, Small and Medium enterprises. The new criteria came into effect from July 1, 2020. An enterprise shall be classified as a Micro, Small or Medium enterprise on the basis of the following criteria, namely: · a micro-enterprise, where the investment in plant and machinery or equipment does not exceed one crore rupees and turnover does not exceed five crore rupees; · a small enterprise, where the investment in plant and machinery or equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees; and · a medium enterprise, where the investment in plant and machinery or equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees Other statements are also correct
Select the most appropriate meaning of the bold idiom.
We've been running around in circles trying to get the information we need, but no one wil...
I thought the illness was going to take him, but now he is ______________.
to let your freak flag fly
Although Nisha’s first two books were a huge success, she still shouldn’t rest on her laurels and keep going with the research.
I. Satisfied ...
Select the most appropriate meaning of the given idiom.
To cut a long story shortÂ
Fill in the blank with appropriate idioms.
The department of science wants a little more …………………… at work.
...Choose the correct option showing the meaning of the Idiom highlighted in the given sentence
The company's new product was a game-changer.
...Select the most appropriate option to substitute the bold segment in the given sentence. If there is no need to substitute it, select "no substitution ...
Select the most appropriate meaning of the bold idiom in the given sentence. Pradeep was so tired that he hit the sack as soon as possible.
...Select the most appropriate meaning of the given idiom.
Hard and fast
