Question

The small scale industry can enjoy the status of an ancillary small industry if it supplies ________ of its production to another industry, referred to as the parent unit.

• A. not more than 50%
• B. atleast 50%
• C. not less than 51%
• D. not more than 51%

Answer 1

Answer: (B)

atleast 50%

The small scale industry can enjoy the status of an ancillary small industry if it supplies atleast 50% of its production to another industry, referred to as the parent unit.

Ancillary Industries:

These are industrial undertakings having fixed investment in plant and machinery not exceeding Rs. 1 crore engaged in or proposed to engage in,

(a) The manufacture of parts, components, sub-assemblies, tooling or intermediaries, or

(b) The rendering of services supplying 30 percent of their production or services as the case may be, to other units for production of other articles.