At present, a small -scale industrial unit was one which invested a maximum of rupees __________________.
Answer & explanation
Correct answer: option 2
The correct answer is option 2: Rs 1 Crore
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 which invested a maximum of rupees five lakh; at present the maximum investment allowed is rupees one crore.