SSI policy aims at employment generation and equitable regional development. SSIs are labour- intensive. SSIs facilitate industrial growth in diverse locations. Export performance is typically better for large industries.
Consider the following statements: Small- scale industries are, in most cases, not as efficient and competitive as the large-scale ones. Yet the Government provides preferential treatment and reservations in a range of products to the small firms because small-scale industries I. provide higher employment on a per unit capital deployment basis. II. promote a regional dispersion of industries and economic activities. III. have performed better in export of manufactured products than the large- scale ones. IV. provide jobs to low skill workers, who otherwise may not find employment avenues elsewhere. Which of the above statements are correct?
Asked in UPPCS Prelims 1999 · Topic: Industrial Sector (Micro, Small and Medium Enterprises (MSMEs) Sector: Importance, Challenges, and Government Initiatives)
More Economic Development questions
- Which one of the following committees recommended the abolition of reservation of items for the small-scale sector in industry?
- The contribution of India’s small-scale sector to the gross turnover in the manufacturing sector since 1992 has been of the order of
- The limit of capital investment for small scale industries as per New insutrial policy 1991 is:
- 'Mudra' scheme is aimed at financing which of the following category of industries ?
- Which statement is not correct? Small scale industries in India are advantageous as
- MSMEs Development Act, 2006 defines Medium Service Sector
- The RBI has set up an expert committee to suggest long term solutions for the economic and financial sustainability of the MSME sector. The committee is headed by
- What is the main goal of the Udyam Kranti Yojna ?