BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

ENTREPRENEURIAL DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The policy which stressed the role of cottage and small-scale industries for balanced industrial development of the country is ____
A
IPR 1940.
B
IPR 1948.
C
IPR 1956
D
IPR 1977
Explanation: 

Detailed explanation-1: -5. The Industrial Policy Statement of 1977 laid emphasis on decentralisation and on the role of small-scale, tiny and cottage industries.

Detailed explanation-2: -Industrial Policy Resolution (IPR) 1980: The Industrial Policy of 1980 marked a major breakthrough in the policy of development of small scale industries in India. The Government of India accepted a new Industrial Policy Resolution (IPR) on July 23, 1980.

Detailed explanation-3: -The first comprehensive industrial policy announced by the Government of India, after independence, was the Industrial Policy Resolutions (IPRs), 1948 which identified the critical role of the cottage and small-scale industries.

Detailed explanation-4: -The term overcapitalization refers to a situation wherein the value of a company’s capital is worth more than its total assets.

Detailed explanation-5: -7.10 KARNATAKA STATE FINANCIAL CORPORATION (KSFC) The KSFC was established by the government of Karnataka in 1956 under the state financial corporation act 1951 for extending financial assistance to set up tiny, small and medium scale industrial units in Karnataka.

There is 1 question to complete.