Banking Awareness Quiz – Set 215

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Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.

1. As per MSMED Act 2006, In production/Manufacture, Micro Enterprise is an enterprise where investment in plant and machinery does not exceed _________
   A. 15 lakh
   B. 25 lakh
   C. 35 lakh
   D. 45 lakh
   E. None of these
   

   Answer & Explanation

   B. 25 lakh
   Explanation:
   As per MSMED Act 2006, In production/Manufacture, Micro Enterprise is an enterprise where investment in plant and machinery does not exceed 25 lakh.
   
   
2. As per MSMED Act 2006, In production/Manufacture, Small Enterprise is an enterprise where investment in plant and machinery is more than _________
   A. 15 lakh
   B. 25 lakh
   C. 35 lakh
   D. 45 lakh
   E. None of these
   

   Answer & Explanation

   B. 25 lakh
   Explanation:
   As per MSMED Act 2006, In production/Manufacture, Small Enterprise is an enterprise where investment in plant and machinery is more than Rs.25 lakh
   
   
3. As per MSMED Act 2006, In production/Manufacture, Small Enterprise is an enterprise where investment in plant and machinery does not exceed _____
   A. 8 crore
   B. 7 crore
   C. 6 crore
   D. 5 crore
   E. None of these
   

   Answer & Explanation

   D. 5 crore
   Explanation:
   As per MSMED Act 2006, In production/Manufacture, Small Enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 5 crore
   
   
4. As per MSMED Act 2006, In production/Manufacture, Medium Enterprise is an enterprise where investment in plant and machinery is more than _________
   A. 8 crore
   B. 7 crore
   C. 6 crore
   D. 5 crore
   E. None of these
   

   Answer & Explanation

   D. 5 crore
   Explanation:
   As per MSMED Act 2006, In production/Manufacture, Medium Enterprise is an enterprise where investment in plant and machinery is more than Rs. 5 crore
   
   
5. As per MSMED Act 2006, In production/Manufacture, Medium Enterprise is an enterprise where investment in plant and machinery does not exceed _____
   A. 18 crore
   B. 20 crore
   C. 10 crore
   D. 15 crore
   E. None of these
   

   Answer & Explanation

   C. 10 crore
   Explanation:
   As per MSMED Act 2006, In production/Manufacture, Small Enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 10 crore
   
   
6. As per MSMED Act 2006, In providing or rendering of services, Micro Enterprise is an enterprise where investment in plant and machinery does not exceed _________
   A. 15 lakh
   B. 10 lakh
   C. 35 lakh
   D. 45 lakh
   E. None of these
   

   Answer & Explanation

   B. 10 lakh
   Explanation:
   As per MSMED Act 2006, In providing or rendering of services, Micro Enterprise is an enterprise where investment in plant and machinery does not exceed 10 lakh
   
   
7. As per MSMED Act 2006, In providing or rendering of services, Small Enterprise is an enterprise where investment in plant and machinery is more than _________
   A. 10 lakh
   B. 25 lakh
   C. 35 lakh
   D. 45 lakh
   E. None of these
   

   Answer & Explanation

   A. 10 lakh
   Explanation:
   As per MSMED Act 2006, In providing or rendering of services, Small Enterprise is an enterprise where investment in plant and machinery is more than Rs.10 lakh
   
   
8. As per MSMED Act 2006, In providing or rendering of services, Small Enterprise is an enterprise where investment in plant and machinery does not exceed _____
   A. 8 crore
   B. 7 crore
   C. 6 crore
   D. 2 crore
   E. None of these
   

   Answer & Explanation

   D. 2 crore
   Explanation:
   As per MSMED Act 2006, In production/Manufacture, Small Enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 2 crore
   
   
9. As per MSMED Act 2006, In providing or rendering of services, Medium Enterprise is an enterprise where investment in plant and machinery is more than _________
   A. 8 crore
   B. 7 crore
   C. 6 crore
   D. 2 crore
   E. None of these
   

   Answer & Explanation

   D. 2 crore
   Explanation:
   As per MSMED Act 2006, In production/Manufacture, Medium Enterprise is an enterprise where investment in plant and machinery is more than Rs. 2 crore
   
   
10. As per MSMED Act 2006, In providing or rendering of services, Medium Enterprise is an enterprise where investment in plant and machinery does not exceed _____
    A. 8 crore
    B. 3 crore
    C. 7 crore
    D. 5 crore
    E. None of these
    

    Answer & Explanation

    D. 5 crore
    Explanation:
    As per MSMED Act 2006, In production/Manufacture, Small Enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 5 crore