Business Studies

Small Business

Question:

How do small scale industries contribute to the socio-economic development of India?

Answer:

Small-scale industries (SSIs) play an important role in ensuring the progress of
developing countries such as India. The following points highlight their contribution.

  • Market Share: SSIs make up 95 per cent of the industrial units in India. They contribute about 40 percent of the ‘gross industrial value added' and 45 per cent of India's total exports.
  • Regional Balance: SSIs produce simple products and use basic technology. In addition, these industries do not require heavy capital investment, and therefore, they can be set up by anyone anywhere across the country. Small units not only benefit the particular region where it is established but also help reduce the regional disparities in industrial development among different regions of a country.
  • Employment Generation: As SSIs use labour-intensive production techniques, they have a greater employment generation potential than large industries. Moreover, the skills required to perform jobs in SSIs are usually not very specific, which further increases their scope for generating employment.
  • Wide range of Products: Small scale units produce a large variety of consumer products, such as stationery items, safety matches, handicrafts, vegetables and processed food. Besides, SSIs also produce a few items by using technology, such as calculators, televisions and engineering goods.
  • Customized Goods: Small industrial units adapt perfectly to specific needs of consumers. As SSIs use simple and highly flexible production techniques, they can provide their customers with goods best suited to the customers tastes and preferences.
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Small Business

Q 1.

Give full from of SIDBI .

Q 2.

What is the investment limit for SSI?

Q 3.

Name the apex bank set up to provide direct and indirect financial assistance to small scale sector.

Q 4.

What are the measures taken by the Government to solve the problem of finance in the small scale sector?

Q 5.

What is the difference between small scale enterprise and cottage industry?

Q 6.

What is the parameter used by the government to identify service enterprise?

Q 7.

What forms of support is offered to small industries by the government?

Q 8.

State the features of cottage industries.

Q 9.

What are the different parameters used to measure the size of business?

Q 10.

Explain the role of SIDBI in promoting small scale enterprises.

Q 11.

What do you mean by small business? Describe the feature of small scale enterprise.

Q 12.

Explain the areas where small businesses feel threatened from global competition.

Q 13.

What is the role of District Industries Centre for the growth of small business in India?

Q 14.

Explain the meaning of small scale industry with its different categories.

Q 15.

Give one feature of Cottage Industries.

Q 16.

Write a short note on WASME.

Q 17.

What is the purpose of NABARD?

Q 18.

Discuss the problems faced by small scale industries.

Q 19.

Name the institution which was set up in 1982 to promote integrated rural development.

Q 20.

What is the role of National Small Industries Corporation for the growth of small business units in India?

Q 21.

How much do small industries in India account for the total industrial units?

Q 22.

How do small scale industries contribute to the socio-economic development of India?

Q 23.

Discuss any two characteristics of SSI.

Q 24.

Write a short note on village and small industries sector.

Q 25.

Name any two units included in SSI category.

Q 26.

Give full from of NABARD.

Q 27.

Highlight the role of the small business in promoting economic growth and solving other socio-economic problems.

Q 28.

What incentives have been taken by government to promote small scale industries?

Q 29.

Name any two institutions specially set up to promote small scale enterprises.

Q 30.

Give any two problems faced by SSI.

Q 31.

Write a short note on SIDO.

Q 32.

What are the incentives provided by the government for industries in backward and hilly areas?

Q 33.

Describe the scope of small business in India.

Q 34.

Give any two incentives offered by the Government to small scale industries.

Q 35.

Describe briefly the problems of small scale enterprises.

Q 36.

What are the causes of sickness in small industries?

Q 37.

State the objectives of small business in rural India.

Q 38.

What measures have the Government taken to solve the problem of finance and marketing in the small scale sector?

Q 39.

Describe the role of small business in rural India?

Q 40.

List out major industry groups in the small sector in India.

Q 41.

Small business is business at small scale. Do you agree? Explain.

Q 42.

How would you differentiate between an ancillary unit and a tiny unit?

Q 43.

What is the definition used by government of India for Small Scale Industries?