Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy on the Eve of Independence

Question:

On the Eve of Independence, small-scale industry was one which invested a maximum amount of ____.

Options:

10 lakh

1 crore

1 lakh

5 lakh

Correct Answer:

5 lakh

Explanation:

The correct answer is option (4) : 5 Lakh

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.