Banking Exams General & Banking Awareness — Question 1474
Question
Under the MSME Development Act, a micro-enterprise has a turnover up to Rs 5 crore and investment in plant, machinery or equipment up to what limit?
- Rs 50 lakh
- Rs 1 crore
- Rs 5 crore
- Rs 10 crore
Correct answer
B — Rs 1 crore
Explanation (English)
A micro-enterprise has investment up to Rs 1 crore and turnover up to Rs 5 crore.
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