2025 · Q92
The classification of Micro, Small and Medium enterprises is based on which of the following factors?
- 1Annual turnover
- 2Number of workers
- 3Investment in plant and machinery or equipment Select the answer using the codes given below:
Indian EconomyMSME
- A1, 2 and 3
- B1 and 2 only
- C2 only
- D1 and 3 only
Explanation
Since the 2020 revision, MSME classification rests on two composite criteria: investment in plant and machinery or equipment, and annual turnover. The number of workers employed is not a criterion, so the answer is 1 and 3 only.