BANK SIDBI Grade A (General) Phase I Mock Test 2024 General Knowledge Economy Industrial Sector

As per the MSMED Act, 2006, and Gazette Notification dated June 26, 2020, what are the classification criteria for a medium enterprise?

1
Investment in plant and machinery not exceeding ₹1 crore, and turnover not exceeding ₹5 crore.
2
Investment in plant and machinery not exceeding ₹10 crore, and turnover not exceeding ₹50 crore.
3
Investment in plant and machinery not exceeding ₹50 crore, and turnover not exceeding ₹250 crore.
4
Investment in plant and machinery not exceeding ₹75 crore, and turnover not exceeding ₹500 crore.
5
Investment in plant and machinery not exceeding ₹100 crore, and turnover not exceeding ₹1000 crore.
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