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    Question

    According to the MSME Act, 2006, what is the maximum

    allowable investment and turnover for a micro enterprise in terms of plant and machinery or equipment?
    A Investment up to ₹1 crore; turnover up to ₹5 crore Correct Answer Incorrect Answer
    B Investment up to ₹5 crore; turnover up to ₹10 crore Correct Answer Incorrect Answer
    C Investment up to ₹10 crore; turnover up to ₹25 crore Correct Answer Incorrect Answer
    D Investment up to ₹50 crore; turnover up to ₹100 crore Correct Answer Incorrect Answer
    E Investment up to ₹50 crore; turnover up to ₹250 crore Correct Answer Incorrect Answer

    Solution

    A micro enterprise is classified based on investment in plant and machinery or equipment not exceeding ₹1 crore and turnover not exceeding ₹5 crore, as per the MSMED Act, 2006.  

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