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Business Studies

Challenges of Small Business

The investmen...

Question

The investment limit in fixed assets of plant and machinery excluding land and building for a small scale service and business (industry related) enterprise is ____.

A

1 lakh

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B

5 lakhs

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C

10 lakhs

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D

25 lakhs

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Solution

The correct option is C
10 lakhs

The investment limit in fixed assets of plant and machinery excluding land and building for a small scale service and business (industry related) enterprise is 10 lakhs rupees.

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