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
Consider the following rivers:
1. Vamsadhara
2. Indravati
3. Pranahita
4. Pennar
Which of the above are tributaries of Godavari?
Which of the following states does not share a boundary with Bangladesh?
Where is the ‘Gulf of Mannar Marine’ national park situated?
Consider the following statements about Malwa Plateau:
1. Vindhyan Hills lie at the southern edge of the plateau.
2. The plateau has drain...
Which of the following Indian states does not lie along the route of the Standard Meridian of India (82°30'E)?
Consider the following pairs:Â Â
Tribe                State
1. Limboo (Limbu)Â Â Â Â Sikkim
2. ...
Among the following cities, which one lies on a longitude closest to that of Delhi?
The World Population Prospects Report is released byÂ
Consider the following pairs:
Which of the pairs given...
Match the following stadiums with the sports they are primarily associated with:
