Current Affairs · Indian Economy and MSMEs
Consider the following statements regarding the classification of Micro, Small and Medium Enterprises (MSMEs) in India: 1. The classification of MSMEs is based on both investment in plant & machinery and annual turnover. 2. A medium enterprise can have an investment up to ₹50 crore and turnover up to ₹250 crore. 3. The revised MSME classification removed the distinction between manufacturing and service enterprises. 4. MSME classification is governed under the Industries (Development and Regulation) Act, 1951. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3 only✓
- 21 and 4 only
- 32 and 3 only
- 41, 2, 3 and 4
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1, 2 and 3 only
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