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What is described as the backbone of India’s economy due to its role in providing jobs and encouraging entrepreneurship?

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Question

What is described as the backbone of India’s economy due to its role in providing jobs and encouraging entrepreneurship?

Options

  • Large corporations

  • Small-scale industries

  • Foreign multinationals

  • Government departments

MCQ
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Solution

Small-scale industries

Explanation:

The introduction defines small-scale industries (SSIs) as the backbone of India’s economy because they provide jobs, encourage local entrepreneurship, and support rural development.

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