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UPSC Civil ServicesPrelims2023General Studies Paper I
Question
QQ71. 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?
Options
- A 1 only
- B 2 only
- C Both 1 and 2
- D Neither 1 nor 2
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Correct Answer
B 2 only
Model Answer
Answer: option B, as per UPSC's final answer key (Series A).