Multiple choice

Which of the following statements regarding small scale industries is/are correct?

  1. A small scale industry is defined with reference to the maximum investment allowed on the assets of a unit.

  2. The maximum investment allowed in a small scale industry is rupees fifty lacs.

  3. A small scale industry is defined as one which supplies its products to manufacture other goods.

  4. All of the above

  5. Both 1 and 2
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A Correct answer
Explanation

Correct Answer: A small scale industry is defined with reference to the maximum investment allowed on the assets of a unit.

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