Challenges Faced by Cottage and Small Scale Industries

Q. Which of the following statements are incorrect with respect to cottage and small-scale industries?

1. Small-scale industries have low demand.
2. Cottage industries have a very high cost of production.
3. Cottage industries lack raw material.
4. Small-scale industries face issues like lack of knowledge and skilled labour.

Q. Which of these is not a challenge faced by small-scale and cottage industries?

1. Lack of competition from large-scale industries
2. Lack of quality raw material
3. Scarcity of credit
4. Lack of knowledge

Q. Which of these is not a challenge faced by small-scale and cottage industries in India?

1. Marketing skills
2. Less demand
3. Credit facilities
4. Lack of quality raw materials

Q. The main problem faced by such industries is that the goods produced by the big industries are cheaper and of good quality.

Identify the type of industry being compared with big industries in the above sentence.

1. Private industry
2. Public industry
3. Small-scale industry
4. Foreign industry

Q.

What category of business is cottage industry?