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    Question

    For an enterprise to be classified as small enterprise

    under MSME Act, the annual turnover should not be more than _______  
    A Rs.10 crore Correct Answer Incorrect Answer
    B Rs.25 crore Correct Answer Incorrect Answer
    C Rs.50 crore Correct Answer Incorrect Answer
    D Rs.100 crore Correct Answer Incorrect Answer
    E Rs.200 crore Correct Answer Incorrect Answer

    Solution

    The definition of micro, small and medium enterprises is as under as per MSMED Act 2006 (amendment 2020):  

    • A micro enterprise is an enterprise where the investment in plant and machinery or equipment does not exceed ₹1 crore and turnover does not exceed ₹5 crore;   
    • A small enterprise is an enterprise where the investment in plant and machinery or equipment does not exceed ₹10 crore and turnover does not exceed ₹50 crore ; and   
    • A medium enterprise is an enterprise where the investment in plant and machinery or equipment do

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