state gov APPSC (ఆంధ్రప్రదేశ్) Group 2 (Pre + Mains) Mock Test 2023 Andhra Predesh GK Economy and Development
Consider the following statements regarding the classification of Micro, Small, and Medium Enterprises (MSMEs):
1. A Micro Enterprise is defined as having an investment in plant and machinery or equipment not exceeding Rs.1 crore and an annual turnover not exceeding Rs.5 crore.
2. A Small Enterprise is defined as having an investment in plant and machinery or equipment not exceeding Rs.20 crore and an annual turnover not exceeding Rs.100 crore.
3. A Medium Enterprise is defined as having an investment in plant and machinery or equipment not exceeding Rs.50 crore and an annual turnover not exceeding Rs.250 crore.
Which of the statements given above is/are correct?
1
1, 2, and 3
2
1 only
3
2 and 3 only
4
1 and 3 only