Question

small industries are subject of (a)local government (b) state government (c) Central Government (d)none of these ​

Answer 1

Answer:

The correct answer is (a)local government

Explanation:

• Small Scale Industries (SSI) exist as those enterprises in which the manufacturing, production, and rendering of benefits are done on a small or micro scale. These industries construct a one-time acquisition in machinery, plant, and equipment, but it does not overextend Rs. 10 crores, and annual turnover does not overextend Rs. 50 crore.
• SSIs normally exist under single ownership. So it can either be a sole proprietorship or occasionally a partnership.
• SSI’s dependence on technology exists pretty limited. Therefore they tend to utilize labor and manpower for their production movements. small industries are subject to local government.
• Small scale industries have a specified zone of functions. Thus, they can complete their local and regional demand.
• SSIs are more flexible to their changing business environment. So in case of modifications or unanticipated developments, they are flexible enough to acclimate and carry on, unlike extensive industries.

Hence, small industries are subject to (a)local government.

Answer 2

1. Small Scale Industries, also called SSI, are businesses that manufacture, produce, and provide services on a small or micro scale.
2. These industries make a one-time investment in machinery, plant, and equipment, but it does not exceed Rs. 10 crores, and its annual turnover does not exceed Rs. 50 crore.
3. They are typically controlled by a single entity.
4. As a result, it can be either a sole proprietorship or a partnership.
5. It's reliance on technology is fairly limited.
6. As a result, they tend to rely on labour and manpower for their production movements.
7. Local governments govern small businesses.
8. Small-scale industries have a specific set of functions.
9. As a result, they can meet their local and regional demands.
10. Small-scale industries are more adaptable to changing business environments.
11. As a result, unlike large industries, they are adaptable enough to cope with changes or unexpected developments.

Hence, option A is correct.

#SPJ2