Economics · MSME Sector Classification
Consider the following statements regarding the criteria for Micro, Small & Medium Enterprises (MSMEs) in India: (i) The revised definition of MSMEs came into effect in July 2020. (ii) In the revised definition, the investment limit in plant and machinery for small enterprises is ₹ 10 crore (with turnover up to ₹ 50 crore). (iii) For medium enterprises, the upper turnover limit is ₹ 250 crore. (iv) The investment limit in plant and machinery for micro enterprises is ₹ 1 crore. Which of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1(i) and (iii) only✓
- 2(iii) and (iv) only
- 3(ii) and (iii) only
- 4(i) and (ii) only
Correct answer
(i) and (iii) only
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice MSME Sector Classification MCQs →Want more practice questions on MSME Sector Classification?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · MSME Sector Classification