Statement 1: Prior to the revised classification, the primary criterion to distinguish micro, small, and medium enterprises was investment in plant and machinery. Statement 2: The revision in MSME definition completely replaced the investment criterion solely with a production criterion. Choose the correct option based on the above statements:

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Economics · MSME Sector

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Statement 1 is correct, Statement 2 is wrong

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