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Question

Consider the following pairs of size of enterprise and its classification as per Micro, Small and Medium Enterprises Development (Amendment) Bill, 2015:

Which of the above is/are correctly matched?

A

1 and 2 only

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B

2 and 3 only

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C

3 and 4 only

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D

2,3 and 4 only

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Solution

The correct option is C
3 and 4 only

The Micro, Small and Medium Enterprises (Amendment) Bill, 2015 amends the Micro, Small and Medium Enterprises Act, 2006. The Act classifies and regulates enterprises as micro, small and medium enterprises.

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Q. The Government of India has defined micro, small and medium enterprises. Which of the following is correctly matched for an enterprise engaged in the manufacture or processing of goods as per the definition ?
(A) Micro enterprise: Investment in plant in plant and machinery does not exceed 25 lakhs.
(B) Small enterprise: Investment in plant and machinery is more than 25 lakhs but does not exceed 5 cr.
(C) Medium enterprise: Investment in plant and machinery is more than 5 cr but does not exceed 20 cr.

Q. Investment in equipment excluding land and building for enterprises engaged in providing or rendering of services for a medium enterprise doesn't exceed ______ as per the MSME Act.

Q. For a manufacturing enterprise to come under the preview of micro enterprise the total investment should not be more than __________.

Q. Before amendment in the MSME Act, a micro enterprise engaged in providing service where the investment in equipment does not exceed Rs. _________.

Q. For an enterprise in service sector to come under the preview of micro enterprise the total investment in plant and machinery should not be more than __________.

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