BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To generate Large Scale Employment Opportunities
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To Eradicate Unemployment Problem
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To promote balanced regional development
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Equitable distribution of National Wealth & Income.
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All of the above
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Detailed explanation-1: -To create more employment opportunities. To help develop the rural and less developed regions of the economy. To reduce regional imbalances. To ensure optimum utilisation of unexploited resources of the country.
Detailed explanation-2: -Less Capital Requirement: Small scale industries are less capital intensive than the large scale industries. Capital is scarce in developing countries like India and therefore, small scale industries are most suitable for maintaining the balance.
Detailed explanation-3: -Small scale industries are referred to as those industries in which the process of manufacturing, production and servicing are done on a small scale. The investment on such industries is one time and these investments are mostly done on plant and machinery, the total investment on such industries do not exceed 1 crore.