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Question

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.

A
Rs.500.00 lakhs
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B
Rs.1000.00 lakhs
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C
Rs.200.00 lakhs
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D
Rs.800.00 lakhs
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Solution

The correct option is A Rs.500.00 lakhs
Investment in equipments excluding land and building for enterprises engaged in providing or rendering of services for a medium enterprise doesnt exceed 500 lakhs as per the MSME act.

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