Question
Which of the following is true regarding Micro, Small and Medium Enterprises? 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 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 The calculation of investment in plant and machinery or equipment will be linked to the Income Tax Return (IT
- R of the previous years filed under the Income Tax Act, 1961 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 (GS
- T , on self-disclosure basis, if the enterprise is a new one without any ITR.
More Financial Management Questions
- Under IRAC norms, an account is classified as Non-Performing Asset (NPA) if interest or principal remains overdue for:
- The Credit Risk Grading (CRG) system used in banks mainly applies to:
- According to Union Budget 2023-24, consider the following statements regarding Metal Industry: 1. Exemption from Basic Customs Duty on raw materials for S...
- Which of the following statements regarding the classification of financial markets is/are correct? 1. Debt markets are primarily concerned with long-term ...
- A company runs paid Google search ads targeting the keyword 'best running shoes,' then tracks Click-Through-Rate (CTR) and cost-per-click to measure perfor...
- How do preference shares distinctively differ from regular equity shares regarding company management and financial distress?
- How much stake did State Bank of India acquire in CCIL IFSC Limited?
- What happens if a bank is called upon to honor its obligations under a guarantee or L/C on behalf of directors?
- Which of the following features clearly distinguishes bonds from equity shares?
- What is the name of the short-term advance given by the RBI to the government if it shows the negative balance?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)