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State PCS PYQPrelims 2022

BPSC – Combined Competitive Examination · Question 64

Which of the following partially defines a micro enterprise in India?

  1. Annual turnover not exceeding ₹15 crore
  2. Investment in plant and machinery not exceeding ₹1.5 crore
  3. Annual turnover above ₹5 crore
  4. Investment in plant and machinery or equipment not exceeding ₹1 crore
  5. None of the above / More than one of the above
Show answer & explanation

Answer: (D) Investment in plant and machinery or equipment not exceeding ₹1 crore

Explanation

From July 2020, micro = investment up to ₹1 crore and turnover up to ₹5 crore (revised upward in 2025).

  • (A) Incorrect

    Wrong: the micro limit is ₹5 crore.

  • (B) Incorrect

    Wrong: the limit was ₹1 crore (2020 definition).

  • (C) Incorrect

    Wrong: micro is up to ₹5 crore.

  • (D) Correct

    Correct: the 2020 definition: investment ≤ ₹1 crore and turnover ≤ ₹5 crore.

  • (E) Incorrect

    Wrong: only one of the options A–D is correct.