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Explain the following term/concept. Small Scale Industry. - Organisation of Commerce and Management

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प्रश्न

Explain the following term/concept.

Small Scale Industry.

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उत्तर

A small-scale industry is an industrial unit in which the investment in plant and machinery is limited and production is done on a small scale. These industries are usually owned and managed by individuals or small groups. They use local resources, generate employment, and contribute to regional development. Earlier, such industries were defined by an investment limit of up to ₹1 crore in plant and machinery, but under the updated MSME norms (2020), a small enterprise is one with an investment up to ₹10 crore and a turnover up to ₹50 crore.

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अध्याय 3: Small Scale Industry and Business - EXERCISE [पृष्ठ ५७]

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बालभारती Organisation of Commerce and Management (OCM) [English] Standard 11 Maharashtra State Board
अध्याय 3 Small Scale Industry and Business
EXERCISE | Q 2 1) | पृष्ठ ५७

संबंधित प्रश्न

Select the correct option and rewrite the sentence.

India is __________ abundant country.


Select the correct option and rewrite the sentence.

_______ cost of power acquisition, frequent power cuts, irregular supply of power affect the productivity of SSI.


Select the correct option and rewrite the sentence.

Occurring obscured idea in mind of entrepreneur is _______ stage of establishing business.


State True or False:

Majority Small Scale industry uses advanced technology.


Complete the sentence.

SSI are ________ intensive.


Select the correct option.

A B
More than ₹ 5 crores but does not exceed ₹ 10 crores ____________

Answer in one sentence.

Give examples of Modern Small Scale Industry.


Correct the underined word and rewrite the following sentence.

The problem of employment has been becoming more serious in India.


Correct the underined word and rewrite the following sentence.

Small scale Industry uses advanced technology.


Correct the underined word and rewrite the following sentence.

SSI begins with large amount of capital.


Correct the underined word and rewrite the following sentence.

A business proposal is the first step in setting up a small scale business.


Explain the following term/concept.

Traditional Industrial Sector


Attempt the following.

Explain in brief the impact of capital on Small Scale industries.


Give one word/phrase/term. For the following sentence.

An industry using power with less than 50 employees.


Give one word/phrase/term for the following sentence.

An industry using power with less than 50 employees


Give one word/phrase/term for the following sentence.

An industry using power with less than 50 employees.


Give one word/phrase/term.

An industry using power with less than 50 employees.


Give one word/phrase/term for the following sentence.

An industry using power with less than 50 employees.


What is the principal criterion for classifying an industry as a Small Scale Industry (SSI) in India?


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