What does NSIC stand for?

National Small Industries Corporation

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National Small Industries Centre

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Nominal Small Industries Corporation

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None of the above

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Solution

The correct option is A National Small Industries Corporation
NSIC stand for National Small Industries Corporation.National Small Industries Corporation Limited (NSIC) is a Mini Ratna PSU established by the Government of India in 1955 It falls under Ministry of Micro, Small & Medium Enterprises of India.

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What is meant by small scale industries? Explain the three typical characteristics of small scale industries.

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