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1

Choice field maximum value : 255 & size of column: 30 bytes Choice (multiple selection) field maximum value: 350 & size of column: 22 bytes Reference: Software boundaries and limits for SharePoint 2013


2

It is for all items combined in list and library. If you exceed this limit, basic file operations—such as file open or save, delete, and viewing the version history— may not succeed. Please follow this link to get more idea how it effects your sharepoint https://technet.microsoft.com/en-us/library/Cc262813.aspx



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