Question

___________ are those whose investment in plant and machinery does not exceed rupees one lakh.

• A. Tiny industrial units
• B. Small scale industry
• C. Micro enterprises
• D. None of the above

Answer 1

Answer: (C)

Micro enterprises

• A tiny unit is defined as an industrial or business enterprise whose investment in plant and machinery is not more than Rs. 25 lakhs.
  
• Within the tiny and small business sector, micro enterprises are those whose investment in plant and machinery does not exceed rupees one lakh