On the Eve of Independence, small-scale Industry was one which invested a maximum amount of:
(
This question was previously asked in
Shift 05/06/2023 8:30 AM - 10:30 AM
A
10 lakh
B
1 crore
C
1 lakh
D
5 lakh
Correct Answer
5 lakh
Detailed Explanation
- A 'small-scale industry' is defined with reference to the maximum investment allowed on the assets of a unit.
- This limit has changed over a period of time.
- In 1950 a small-scale industrial unit was one that invested a maximum of rupees five lakh. Now it is 1 cr.
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