GENERAL KNOWLEDGE

GK

INDIAN ECONOMY

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

What is the maximum investment allowed in Small Scale Industries now?

A	Rs. 25 lakhs
B	Rs. 1 Crore
C	Rs.5 Crore
D	Rs. 10 Crore

Explanation:

Detailed explanation-1: -As per this announcement, the definition of Micro manufacturing and services units was increased to Rs. 1 Crore of investment and Rs. 5 Crore of turnover. The limit of small unit was increased to Rs. 10 Crore of investment and Rs 50 Crore of turnover.

Detailed explanation-2: -A ‘small-scale industry’ is defined with reference to the maximum investment allowed on the assets of a unit. This limit has changed over a period of time. In 1950 a small-scale industrial unit was one that invested a maximum of rupees five lakh.

Detailed explanation-3: -The capital investment in a small scale industry is 25 lakhs.

There is 1 question to complete.