Economics · Economy
Under the revised composite criteria for MSME classification in India, which of the following is NOT a true statement regarding the statutory definition of a micro-enterprise?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Investment in plant and machinery or equipment does not exceed Rs. 1 crore
- 2Net annual turnover does not exceed Rs. 5 crore
- 3The classification limits are identical for both manufacturing and service enterprises
- 4It operates on a larger economic scale and investment threshold than small and medium enterprises✓
Correct answer
It operates on a larger economic scale and investment threshold than small and medium enterprises
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