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What is the principal criterion for classifying an industry as a Small Scale Industry (SSI) in India?

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Question

What is the principal criterion for classifying an industry as a Small Scale Industry (SSI) in India?

Options

  • Annual turnover

  • Number of employees

  • Investment in plant and equipment

  • Geographic location

MCQ
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Solution

Investment in plant and equipment

Explanation:

SSIs are classified mainly based on their investment in plant and equipment, as per the MSMED Act.

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