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Model Paper 3 — Business Studies STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceBusiness StudiesModel Paper 31 Mark
MCQ
NSIC was set up in:
  • A
    1975
  • B
    1965
  • C
    1955
  • D
    1982
✓

Answer

(c) Licensing
Explanation:
Licensing refers to permitting another party in a foreign country to produce and sell goods under trademarks. patents or copyrights in lieu of some fee.(c) 1955
Explanation:
NSIC was set up in1955 with a view to promote, aid, and foster the growth of small business units in the country.

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