UPSC 2023 › Indian Economy › Infrastructure & Industry

1 question · 2023 · answers as per the UPSC key

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UPSC 2023 · Q71 · Indian Economy › Infrastructure & Industry · Save

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?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Show answer
Answer: (b) 2 only