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    Question

    Which of the following term in correct about Micro

    Enterprises in India?
    A Investment less than Rs. 1 crore or Turnover less than Rs. 2 crores Correct Answer Incorrect Answer
    B Investment less than Rs. 1 crore or Turnover up to Rs. 3 crores Correct Answer Incorrect Answer
    C Investment less than Rs. 1 crore or Turnover up to Rs. 4 crores Correct Answer Incorrect Answer
    D Investment less than Rs. 1 crore or Turnover up to Rs. 5 crores Correct Answer Incorrect Answer
    E All are correct Correct Answer Incorrect Answer

    Solution

    Micro, Small, Medium Enterprises (MSME’s) are entities that are involved in production, manufacturing and processing of goods and commodities. The concept of MSME was first introduced by the government of India through the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006. Micro - Investment less than Rs. 1 crore or Turnover less than Rs. 5 crores Small - Investment less than Rs. 10 crore or Turnover up to Rs. 50 crores Medium - Investment less than Rs. 20 crore or Turnover up to Rs. 100 crores

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