Small Scale Industry is defined as an enterprise where the investment in plant and machinery does not exceed ___ rupees.

One crore

True or False: A tiny industrial unit can have an investment in plant and machinery of up to Rs. 50 lakhs.

False. A tiny industrial unit has an investment limit of Rs. 25 lakhs.

What percentage of output must an ancillary industrial unit supply to another unit?

Not less than 50%

Fill in the blank: A micro business unit is defined as an enterprise with an investment in plant and machinery of not more than ___ rupees.

Five lakhs

Riddle: I am an industry in a rural area, producing goods or services with little power and a capital investment of no more than Rs. 50,000. What am I?

Village Industry

What is the defining feature of a cottage industry?

It is a traditional rural industry located in residential premises using manual techniques and simple tools.

An export-oriented unit is characterized by exporting more than ___ of its output.

50%

Fill in the blank: A small scale unit owned and managed by women entrepreneurs must have women holding a share capital of not less than ___%.

51

Small industries in India contribute nearly ___ of the gross industrial value added.

40%

What role do small businesses play in preventing rural-urban migration?

They provide employment opportunities in rural areas, reducing the need for individuals to move to urban areas in search of jobs.

True or False: Small scale industries are typically able to secure loans easily from banks.

False. Small scale industries find it difficult to get loans from banks and other financial institutions.

Fill in the blank: Small industries ensure equitable distribution of national income by reducing income inequalities between ___ and ___.

Rural and urban areas

What is a major challenge faced by small scale industries regarding their workforce?

They cannot pay higher salaries to employees, leading to high turnover and loss of skilled workers.

Riddle: I can create jobs and keep people in their villages, but I struggle with loans and modern tools. What am I?

A small scale industry

What is one reason why half of the capacity of small scale industries is often not utilized?

Lack of marketing skills and insufficient demand for their products.

Small scale industries in rural areas help in mobilization and utilization of ___ and ___.

Local resources and skills

What are the main benefits provided to industries set up in backward areas according to the government policy?

Industries in backward areas receive concessional rates for land, power, and priority supply of scarce raw materials, along with tax exemptions and loans at concessional rates.

Fill in the blank: The Small Industries Development Bank of India was established in ___ to promote and develop small businesses in India.

1989

True or False: SSI units are exempted from payment of tax for a period of 5 or 10 years.

True

What is the role of the National Small Industries Corporation in relation to SSI?

It supplies imported machines and raw materials on easy hire purchase schemes, exports SSI products, and provides technological assistance and awareness.

Riddle: I provide integrated support at the district level for entrepreneurs, helping them set up small and village industries. Who am I?

District Industrial Centers

How many items are reserved for exclusive production by Small Scale Industries?

800 items

Fill in the blank: The Small Industries Development Bank provides assistance for rehabilitation of potentially viable ___ in the SSI sector.

Sick units