Question 11 of 75Indian Economy
Consider the following statements with reference to India: 1. According to the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, the ‘medium enterprises’ are those with investments in plant and machinery between 15 crore and 25 crore. 2. All bank loans to the Micro, Small and Medium Enterprises qualify under the priority sector. Which of the statements given above is/are correct?
A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
Correct Answer
The correct answer is hidden
Explanation
23 words hidden ... than the narrow investment range stated. - Statement 2 is also hidden because not all bank loans to MSMEs ... 20 words hidden