Question

2. A production unit having investments of less than Rs. 25 lakhs is
(A) a large scale industry
(B) a small scale industry
(C) an ancillary industry
(D) a ting industry

Answer 1

Small scale industries are those industries in which the manufacturing, production and rendering of services are done on a small or micro scale. These industries make a one-time investment in machinery, plants, and industries, but it does not exceed Rs 1 Crore.