INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Investment in plant and machinery/ equipment (excluding land and building).w.r.t. Manufacturing sector in Small industry should be
|
|
Up to 25 Lacs
|
|
|
25 Lacs-5 Crores
|
|
|
5 Crores-10 Crores
|
|
|
None of the above
|
Explanation:
Detailed explanation-1: -A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh; A small enterprise is an enterprise where the investment in plant and machinery is more than Rs.
Detailed explanation-2: -The investment limit in fixed assets of plant and machinery excluding land and building for a small scale service and business (industry related) enterprise is 10 lakhs rupees.
Detailed explanation-3: -The investment on plant and machinery criteria for MSME is as follows: Micro enterprises should have an investment not exceeding 1 crore rupees. Small enterprises should have a turnover not exceeding 10 crore rupees.
There is 1 question to complete.