Download App

Secondary Sector : Industry — Economics STD 9 — Question

ICSE BoardEnglish MediumSTD 9EconomicsSecondary Sector : Industry4 Marks
Question
Define small scale industry. Give three reasons why small scale industries should be encouraged in India?
✓

Answer

(a) A small scale industry is one in which fixed investment is upto ₹ 5 crore.
(b) Three Reasons : SSIs need to be promoted because of the following reasons :
(i) Small industries are labour intensive. Hence, they are capable of absorbing surplus labour in productive employment.
(ii) They help in reducing the regional disparities as these can be started anywhere (in villages or towns) all over the country.
(iii) These industries can be started even by middle income groups.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "[4 marks Question-Answer]" from Secondary Sector : Industry→Secondary Sector : Industry — all question types→Economics STD 9 question papers→ICSE Board STD 9 question papers→ICSE Board question paper generator→

Similar questions

Describe the importance of banks.
→
State meaning and importance of large scale industries.
→
Discuss the role of service sector in India in terms of the following :
(a) Gross Domestic Product
(b) Employment
→
Explain the steps taken by the government in the with regards to the following :
(a) Use of HYV seeds
(b) Rural credit facility
→
Explain the importance of agriculture in the Indian economy.
→
Explain the relationship between wealth and welfare?
→
Explain Samuelson's definition of economics. ### Explain the growth-oriented definition of economics.
→
Define a mixed economy. State its main features.###"Mixed economies are a golden path of economic development." Give reasons in support of the statement.
→
Define utility. How is utility created?
→
What are economic activities? Point out their salient features.
→