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Question
______ is defined as one in which the investment in fixed assets of plant and machinery does not exceed ₹ 5 crore.
Options
Small scale industry
Limited companies
Large scale industry
None of these
MCQ
Fill in the Blanks
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Solution
Small scale industry is defined as one in which the investment in fixed assets of plant and machinery does not exceed ₹ 5 crore.
Explanation:
A Small Scale Industry (SSI) is defined as one in which the investment in fixed assets of plant and machinery does not exceed ₹ 5 crore. This is in accordance with the Industrial Policy Statement of the Government of India.
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