Question

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

• A. Rs.25 lakhs
• B. Rs.20 lakhs
• C. Rs.50 lakhs
• D. Rs.10 lakhs

Answer 1

Answer: (D)

Rs.10 lakhs

For an service sector enterprise to come under the preview of micro enterprise the total investment in plant and machinery should not be more than Rs 10 lakhs. Service sector is usually known as the tertiary sector of the economy.