CA Foundation Exam  >  CA Foundation Questions  >  Which of the following is the correct definit... Start Learning for Free
 Which of the following is the correct definition of a micro enterprise according to Micro, Small and Medium Enterprise Development (MSMED) Act, 2006?
  • a)
    Upto Rs. 20 Lakh investment
  • b)
    Upto Rs. 25 Lakh investment 
  • c)
    Upto Rs. 30 Lakh investment
  • d)
    Upto Rs. 35 Lakh investment
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Which of the following is the correct definition of a micro enterprise...
The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is as under:
Enterprises engaged in the manufacture or production, processing or preservation of goods as specified below:
A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh;
A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore;
A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore.

View all questions of this test
Explore Courses for CA Foundation exam
Which of the following is the correct definition of a micro enterprise according to Micro, Small and Medium Enterprise Development (MSMED) Act, 2006?a)Upto Rs. 20 Lakh investmentb)Upto Rs. 25 Lakh investmentc)Upto Rs. 30 Lakh investmentd)Upto Rs. 35 Lakh investmentCorrect answer is option 'B'. Can you explain this answer?
Question Description
Which of the following is the correct definition of a micro enterprise according to Micro, Small and Medium Enterprise Development (MSMED) Act, 2006?a)Upto Rs. 20 Lakh investmentb)Upto Rs. 25 Lakh investmentc)Upto Rs. 30 Lakh investmentd)Upto Rs. 35 Lakh investmentCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following is the correct definition of a micro enterprise according to Micro, Small and Medium Enterprise Development (MSMED) Act, 2006?a)Upto Rs. 20 Lakh investmentb)Upto Rs. 25 Lakh investmentc)Upto Rs. 30 Lakh investmentd)Upto Rs. 35 Lakh investmentCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is the correct definition of a micro enterprise according to Micro, Small and Medium Enterprise Development (MSMED) Act, 2006?a)Upto Rs. 20 Lakh investmentb)Upto Rs. 25 Lakh investmentc)Upto Rs. 30 Lakh investmentd)Upto Rs. 35 Lakh investmentCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Which of the following is the correct definition of a micro enterprise according to Micro, Small and Medium Enterprise Development (MSMED) Act, 2006?a)Upto Rs. 20 Lakh investmentb)Upto Rs. 25 Lakh investmentc)Upto Rs. 30 Lakh investmentd)Upto Rs. 35 Lakh investmentCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Which of the following is the correct definition of a micro enterprise according to Micro, Small and Medium Enterprise Development (MSMED) Act, 2006?a)Upto Rs. 20 Lakh investmentb)Upto Rs. 25 Lakh investmentc)Upto Rs. 30 Lakh investmentd)Upto Rs. 35 Lakh investmentCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Which of the following is the correct definition of a micro enterprise according to Micro, Small and Medium Enterprise Development (MSMED) Act, 2006?a)Upto Rs. 20 Lakh investmentb)Upto Rs. 25 Lakh investmentc)Upto Rs. 30 Lakh investmentd)Upto Rs. 35 Lakh investmentCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Which of the following is the correct definition of a micro enterprise according to Micro, Small and Medium Enterprise Development (MSMED) Act, 2006?a)Upto Rs. 20 Lakh investmentb)Upto Rs. 25 Lakh investmentc)Upto Rs. 30 Lakh investmentd)Upto Rs. 35 Lakh investmentCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Which of the following is the correct definition of a micro enterprise according to Micro, Small and Medium Enterprise Development (MSMED) Act, 2006?a)Upto Rs. 20 Lakh investmentb)Upto Rs. 25 Lakh investmentc)Upto Rs. 30 Lakh investmentd)Upto Rs. 35 Lakh investmentCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Which of the following is the correct definition of a micro enterprise according to Micro, Small and Medium Enterprise Development (MSMED) Act, 2006?a)Upto Rs. 20 Lakh investmentb)Upto Rs. 25 Lakh investmentc)Upto Rs. 30 Lakh investmentd)Upto Rs. 35 Lakh investmentCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev