Question : The upper limit of investment in plant and machinery for small-scale industries has been fixed currently at:
Option 1: Rs. 35 lakhs
Option 2: Rs. 45 lakhs
Option 3: Rs. 60 lakhs
Option 4: 1 crore
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Correct Answer: 1 crore
Solution : The correct option is 1 crore.
The upper limit of investment in plant and machinery for small-scale industries has been fixed at Rs. 1 crore. It means that small-scale industries can make a one-time investment in machinery, plants and equipment, but it cannot exceed Rs. 1 crore, and their annual turnover cannot exceed Rs. 5 crore.
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Question : For commercial bank lending, the 'Priority Sector' denotes:
Option 1: self-employed
Option 2: agriculture and small-scale industries
Option 3: small industrialists
Option 4: small farmers
Question : While purchasing an item costing Rs. 600, Rashi had to pay sales tax at 5%. What amount did Rashi have to pay as sales tax?
Option 1: Rs. 30
Option 2: Rs. 60
Option 3: Rs. 45
Option 4: Rs. 15
Question : An article is sold at a loss of 10%. Had it been sold for Rs. 90 more, there would have been a gain of 5%. The original sale price of the article (in Rs.) is:
Option 1: Rs. 540
Option 2: Rs. 600
Option 3: Rs. 628
Option 4: Rs. 650
Question : Gandhiji was a staunch supporter of:
Option 1: Big industries
Option 2: Cottage industries
Option 3: Both big as well as small industries
Option 4: None of these
Question : In India, a microfinance loan is defined as a collateral-free loan given to a household having an annual income of up to Rs______ as of October 2022.
Option 1: Rs 1 lakh
Option 2: Rs 8 lakhs
Option 3: Rs 3 lakhs
Option 4: Rs 5 lakhs
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