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Advantages and Opportunities of Small Scale Industries (SSIs)

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Advantages and Opportunities of Small Scale Industries (SSIs)

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Questions and Answers

What is one of the advantages of Small Scale Industries (SSIs) mentioned in the text?

Slow setup process

High capital investment requirements

Ability to cater to local needs (correct)

Limited flexibility and innovation

How do SSIs compare to large-scale industries in terms of setup time and capital investment requirements?

SSIs require less time to set up and less capital investment (correct)

SSIs require more time to set up and more capital investment

SSIs require more time to set up and less capital investment

SSIs require less time to set up and more capital investment

What is one of the challenges faced by SSIs according to the text?

Access to unlimited finance

Availability of skilled manpower (correct)

Decreasing growth opportunities

Lack of competition from large-scale industries

How can SSIs overcome their challenges as mentioned in the text?

Through skill development and technology use Signup and view all the answers

What sector is mentioned as having opportunities for SSIs in the text?

Food processing Signup and view all the answers

Which of the following has the Indian government introduced to support the growth of SSIs according to the text?

Easy access to credit Signup and view all the answers

What role do SSIs play in employment generation according to the text?

Primary role in employment generation Signup and view all the answers

What has contributed significantly to the growth of SSIs in India as stated in the text?

Policy developments by the Indian government Signup and view all the answers

Which industry sector is not mentioned as having growth opportunities for SSIs in India?

Automobiles Signup and view all the answers

What is one of the main factors that sets SSIs apart from large-scale industries?

Flexibility and innovation Signup and view all the answers