When Rohit borrowed 2 lakhs from the bank and his friend joined him and contributed 3 lakhs. This helped the business start off on a _____.

Small scale

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Large scale

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Both A and B

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None of the above

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Solution

The correct option is B
Large scale

Minimum amount to start a large scale business is 10 lakhs. Rohit already had 5 lakhs and borrowed the other 5 lakhs from his friend and the bank.

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When Rohit borrowed 2 lakhs from the bank and his friend joined him and contributed 3 lakhs. This helped the business start off on a _____.

The correct option is B Large scale Minimum amount to start a large scale business is 10 lakhs. Rohit already had 5 lakhs and borrowed the other 5 lakhs from his friend and the bank.

The correct option is B
Large scale

Minimum amount to start a large scale business is 10 lakhs. Rohit already had 5 lakhs and borrowed the other 5 lakhs from his friend and the bank.