Question : The limit has changed from Rs.50 lakhs in 1952 present limit of Rs.1 Cr. This industry is
Option 1: Small scale industry
Option 2: Medium scale industry
Option 3: Large scale industry
Option 4: None of the above.
Correct Answer: Small scale industry
Solution : Small-scale industry limit has changed from Rs.50 lakhs in 1952 present limit of Rs.1 Cr. Hence Option A is correct.
Question : The upper limit of investment in plant and machinery for small-scale industries has been fixed currently at:
Option 1: Rs. 35 lakhs
Option 2: Rs. 45 lakhs
Option 3: Rs. 60 lakhs
Option 4: 1 crore
Question : In _____, the village and small scale industry committee recognise the possibility of using small scale industries to promote rural development.
Option 1: 1953
Option 2: 1954
Option 3: 1955
Option 4: 1956
Question : A change from Rs.150=$1 to Rs.200=$1, US’s currency is
Option 1: Depreciating
Option 2: Appreciating
Option 3: None of the above
Option 4: Both of the above.
Question : A change from Rs.150=$1 to Rs.200=$1, India’s currency is
Question : Which of the following statement is incorrect for factors affecting requirement of fixed capital?
Option 1: The natural business determines the amount of fixed capital to a large extent.
Option 2: Firms which operate at small scale required large amount of fixed capital.
Option 3: Production techniques adopted by Business influence the requirement of fixed capital.
Option 4: None of the above
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