Consider the following statements regarding Micro, Small, and Medium Enterprises (MSMEs) in India: Statement 1: Prior to 2018, the criteria to distinguish MSMEs were based solely on investment in plant and machinery/equipment. Statement 2: The 2018 proposed revision completely replaced the investment criterion with a production volume criterion. Choose the correct option:

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Economics · Economy

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Statement 1 is correct, Statement 2 is incorrect

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Answer 1

Both Statement 1 and Statement 2 are incorrect

Answer 2

Both Statement 1 and Statement 2 are correct

Answer 3

Statement 1 is incorrect, Statement 2 is correct

Answer 4

Statement 1 is correct, Statement 2 is incorrect

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