Challenger App

No.1 PSC Learning App

1M+ Downloads
Which of the following is an example of the “Either Investment or Turnover” rule?

AInvestment ₹2 Cr, Turnover ₹15 Cr → Micro Enterprise

BInvestment ₹2.5 Cr, Turnover ₹8 Cr → Micro Enterprise

CInvestment ₹12 Cr, Turnover ₹80 Cr → Small Enterprise

DInvestment ₹130 Cr, Turnover ₹400 Cr → Medium Enterprise

Answer:

C. Investment ₹12 Cr, Turnover ₹80 Cr → Small Enterprise

Read Explanation:

Investment = ₹12 Cr, Turnover = ₹80 Cr Small Enterprise limits: Investment ≤ ₹25 Cr, Turnover ≤ ₹100 Cr Both values < Small limit → classified as Small Enterprise Demonstrates either investment or turnover rule.


Related Questions:

The RBI Governor is also called:
Low-risk customers should be asked to update KYC details once in
Collateral security means
A “Holder in Due Course” of a negotiable instrument
Which of the following is not a money market security?