Rajasthan Police Constable 15 May 2022 Shift 1

Question : 91 of 150

Marks: +1, -0

Recently as part of the self-reliant India campaign, Finance Minister Nirmala Sitharaman announced amendments to the definition of Micro, Small, and Medium Enterprises (MSMEs). Which of the following statements is incorrect as per the revised definition?

If the investment is up to Rs 1 crore and the turnover is less than Rs 5 crore, the MSME will be called a micro-unit.
For an enterprise to be considered small, the investment should be between Rs 5 crore to Rs 10 crore
Enterprises with a turnover of less than Rs 100 crore and investments up to Rs 20 crore will now be called medium units.
The amended interpretations shall also include the business of the company.

Validate

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