Question

A service enterprise with an investment of Rs. 3 crore is called a :
a) Micro Enterprise b) Small Enterprise
c) Medium Enterprise d) None of the above

Answer 1

Answer:none of the above

Explanation:

Answer 2

Answer:

A service enterprise with an investment of Rs. 3 crores is known as (b)Small Enterprise.

Explanation:

A service enterprise with an investment of  ₹3 crores is called a  Small Enterprise.

SSI are those industries in which manufacturing, production, and rendering of services are done on a small or micro level.

• Small-scale enterprises occupy a special place in developing nations as there is

1. scarcity of capital
2. abundance of labor

According to MSMED Act, 2006 ( micro, small, medium enterprise act)

• If investment in equipment is more than₹ 10 Lakhs but does not exceed  ₹2 crores is called a Small enterprise or small-scale industry.

According to MSMED Act, 2020

• SSI are those industries in which the manufacturing, production, and rendering of services do not exceed ₹ 10 crore and annual turnover does not exceed ₹ 50 crores.

Thus, A service enterprise with an investment of Rs. 3 crores is called a Small Enterprise.

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