According to the Reserve Bank of India, what is the criteria for a unit to be considered sick?

Reporting cash loss for the year of its operation

Incurring cash loss for the current year and the following year

Falling debt-equity ratio and financial imbalance

Depending on external sources for long-term survival

What is a major symptom of sickness in an industrial unit?

Steady increase in debt-equity ratio

Imbalance in the financial position of the unit

Operation above the break-even point

Dependence on external sources for funds

What are some of the socio-economic problems caused by industrial sickness?

Shortage of basic inputs like power and coal

What are the five major causes of industrial sickness in India?

Promotional, managerial, technical, financial, and political

Market-related, technical issues, mismanagement, non-availability of resources, and natural disasters

Lack of experience, differences among promoters, mechanical defects, inability to purchase raw materials, and deteriorating labor-management relations

Delay in land acquisition, financial assistance, machinery supply, recruitment, and government sanctions

What is the primary cause of industrial sickness?

Lack of experience of the promoters

Differences among various persons associated with the promotion and management

Mechanical defects and breakdowns

Faulty financial planning and imbalance in the financial structure

What is the role of the Board for Industrial and Financial Reconstruction (BIFR) in dealing with industrial sickness?

Identifying and detecting sickness at the incipient stage

Providing rehabilitation packages for sick units

Regulating the procedure and conduct of business

Reviewing the accounts of small-scale industries borrowers

What is the importance of identifying sickness at the incipient stage?

It allows for timely detection and reduction of industrial sickness

It determines the eligibility for rehabilitation programs

It helps in merging weak units to prevent sickness

It ensures the availability of social security for displaced labor

What are the different viewpoints of unit-management, financial institutions, and labor regarding industrial sickness?

Unit-management seeks freedom to close the unit, financial institutions seek salvageable measures, and labor wants the unit to continue production

Unit-management seeks government intervention, financial institutions seek closure of the unit, and labor wants job security

Unit-management seeks financial assistance, financial institutions seek mergers and amalgamations, and labor wants compensation for job loss

Unit-management seeks mergers and takeovers, financial institutions seek revival and rehabilitation, and labor wants improved working conditions

Why is it important to implement rehabilitation programs for sick units quickly and in full?

Delayed implementation aggravates the sickness position

Partial implementation jeopardizes the efforts to rehabilitate the unit

It ensures the availability of need-based funds for the unit

It helps in identifying potential sick units for intervention

What is the purpose of periodic reviews of small-scale industries borrowers by banks and financial institutions?

To identify units becoming sick or prone to sickness

To determine the eligibility for rehabilitation programs

To provide information on sickness to implementing agencies

To assess the market demand for products

Problems of Growth - 3 Free MCQ Practice Test with Solutions

	Business Environment 51 videos\|54 docs\|19 tests

	Business Environment 51 videos\|54 docs\|19 tests

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