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Question

If the investment in a business is between one crore and ten crores, the business is considered a .

A
tiny industry
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B
micro industry
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C
small industry
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D
large industry
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Solution

The correct option is C small industry
The government classifies firms based on the scale of investment. If the investment is between one crore and ten crores, it is considered a small industry. If an enterprise falls under micro, small-scale, or medium-scale industries, they are eligible to get financial support from the government.

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