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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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