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Home Questions E2P4CXFRAY
Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy:1950-1990

Question:

How is a 'small-scale industry' defined in India?

Options:

Based on the annual revenue generated.

Based on the maximum investment allowed on assets.

Based on the number of employees.

All of the above

Correct Answer:

Based on the maximum investment allowed on assets.

Explanation:

The correct answer is Option 2: Based on the maximum investment allowed on assets.

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.

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