State Commission has a jurisdiction to entertain complaints, where value of goods and services paid as consideration exceeds :

One Crore

The correct answer is option (1) : One Crore

The reason the State Commission has jurisdiction to entertain complaints when the value of goods and services paid as consideration exceeds ten crores is based on the regulations and provisions outlined in the Consumer Protection Act of India. According to the Act:

1. The District Forum has jurisdiction for complaints when the value of goods and services does not exceed one crore

2. The State Commission has jurisdiction when the value of goods and services exceeds one crore but does not exceed ten crore rupees.

3. The National Commission has jurisdiction when the value of goods and services exceeds ten crore rupees.

So, in the case of the State Commission, it is empowered to handle cases where the value of goods and services exceeds one crore rupees but does not exceed ten crores. This division of jurisdiction is defined to ensure that consumer complaints are appropriately handled at the respective levels of consumer dispute redressal forums.