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Single Answer MCQ
Q-00001376

What is the criteria for defining a small scale industry in India?

1

Investment in plant and machinery does not exceed Rs. 1 crore

2

Investment in plant and machinery exceeds Rs. 10 crores

3

Employment of less than 50 workers

4

Annual turnover below Rs. 100 crores

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Sandeep Chaturvedi

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

M.A. HistoryM.A. Political ScienceB.Ed.

Answer and Solution

Answer

A. Investment in plant and machinery does not exceed Rs. 1 crore

Solution:

A small scale industry in India is typically defined based on the investment in plant and machinery, where the total investment does not exceed Rs. 1 crore, distinguishing it from medium and large scale industries. Therefore, the correct answer is 'Investment in plant and machinery does not exceed Rs. 1 crore'.

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