Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy:1950-1990

Question:

At present, a small -scale industrial unit was one which invested a maximum of rupees __________________.

Options:

Rs 50 Lakhs

Rs 1 Crore

Rs 5 Crores

Rs 2 Crores

Correct Answer:

Rs 1 Crore

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 which invested a maximum of rupees five lakh; at present the maximum investment allowed is rupees one crore.