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Standard XI

Business Studies

Business Setup

On the basis ...

Question

On the basis of capital contribution, identify the type of SSI from the following:

a) Capital contribution on plant and machinery is Rs. 9 lakhs.

b) Capital contribution on plant and machinery is Rs. 7.5 crores.

c) Capital contribution on plant and machinery is Rs. 26,50,000.

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Solution

a) Capital contribution on plant and machinery is Rs. 9 lakhs: It is a Micro enterprise specified in the first schedule to the Industries (Development and Regulation) Act, 1951.

b) Capital contribution on plant and machinery is Rs. 7.5 crores: It is a Medium enterprise specified in the first schedule to the Industries (Development and Regulation) Act, 1951.

c) Capital contribution on plant and machinery is Rs. 26,50,000: It is a Small enterprise specified in the first schedule to the Industries (Development and Regulation) Act, 1951.

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On the basis of capital contribution, identify the type of SSI from the following: a) Capital contribution on plant and machinery is Rs. 9 lakhs. b) Capital contribution on plant and machinery is Rs. 7.5 crores. c) Capital contribution on plant and machinery is Rs. 26,50,000.

On the basis of capital contribution, identify the type of SSI from the following:

a) Capital contribution on plant and machinery is Rs. 9 lakhs.

b) Capital contribution on plant and machinery is Rs. 7.5 crores.

c) Capital contribution on plant and machinery is Rs. 26,50,000.