Role of Small Business
Trending Questions
Name the institute which provides an integrated administrative framework for small-scale industries at district level.
DIC
NCEUS
NSIC
NABARD
A farmer produces wheat for his own consumption. Will it be a business activity ?
Which of the following are the objectives of DICs?
Identify and help new entrepreneurs
Grant financial and other facilities to small units
Develop close links with development blocks and specialized institutions providing help to set up industries in rural areas
All of the above
Name the organisation which registers local small-scale industries and maintains their records. Explain any three roles.
The management of a company has decided to set up its new plant in a rural area to provide employment to local people there and also contribute to the development of that area from the commercial point of view. But its consultants have advised not to set this plant in the rural area. Identify the values ignored in this case by the consultant.
What are the basic features of cottage industry?
Kishan was a sugarcane juice seller in his village. He realizes that, suddenly, his customers were complaining about the taste and some of them even fell sick after having it. Identify the issue Kishan is facing here.
Low quality sugarcane
Labour
Marketing
Pricing
Which of the following highlight the benefit(s) of clusters?
Procuring raw material for free of cost
Sharing common amenities like internet, training centers
Fetching optimum price by collectively selling the output
Depends on the numbers of enterprises
- total sales of the unit
- investment in machines and equipment
- market coverage
- export turnover
Which of the following are the reasons for financial exclusion of small businesses in India?
Lack of credit history
Expensive credit
Inadequate education
All of the above
- Cottage and rural industries play an important role in providing employment opportunities in the rural areas
- All of the above
- Development of rural and village industries can also prevent migration of rural population to urban areas in search of employment
- These industries contribute amply to other socio-economic aspects, such as reduction in income inequalities, dispersed development of industries and linkage with other sectors of the economy
- False
- True
Raw material is converted into finished product by ________ industry.
(a) genetic
(b) extractive
(c) manufacturing
- True
- False
- False
- True
“Cottage industries must be necessarily rural industries.” Discuss the authenticity of statement.
Cottage industries are established only in rural areas.
We find agro based industry mainly in ________ area.
(a) Rural
(b) Urban
(c) semi Urban
An industry in which mostly operations by hands are involved.
Industry which preserves cultural heritage in form of skillful production.