Economics · Indian Industry
In India, the statutory classification and definition of Micro, Small, and Medium Enterprises (MSMEs) is primarily based on which criterion?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Volume of final annual production
- 2Total number of daily wage workers employed
- 3Investment in plant and machinery/equipment along with annual turnover✓
- 4Net profit margin generated in a financial year
Correct answer
Investment in plant and machinery/equipment along with annual turnover
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 Indian Industry MCQs →Want more practice questions on Indian Industry?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Indian Industry