Indian Industrial Position After Independence
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Questions and Answers

What is the current ratio of total units mentioned in the content?

  • 2.00
  • 2.10
  • 1.72
  • 1.82 (correct)

The current ratio for hosiery goods is greater than 2.

True (A)

What is the objective of every business unit as mentioned in the content?

to earn profitability

The average gross turnover for valves and nuts from 2006-07 to 2010-11 is ______.

<p>41.27</p> Signup and view all the answers

Match the following products with their average gross turnover:

<p>Valves and nuts = 41.27 Hosiery goods = 2.54 Sports goods = 6.90 Packing material = 79.77</p> Signup and view all the answers

Which product category had the highest average per unit turnover?

<p>Packing material (C)</p> Signup and view all the answers

The average gross turnover decreased from 2007-08 to 2008-09 for packing material.

<p>False (B)</p> Signup and view all the answers

What strategy do businesses follow to increase sales as mentioned in the content?

<p>create time, place and form utility</p> Signup and view all the answers

What is the debt-equity ratio of valves and nuts?

<p>109.03% (B)</p> Signup and view all the answers

The equity capital for hosiery goods is greater than the borrowed capital.

<p>True (A)</p> Signup and view all the answers

What is the total borrowed capital for auto parts?

<p>6293.16 Lakhs</p> Signup and view all the answers

The total equity capital across all products is ________ Lakhs.

<p>55690.26</p> Signup and view all the answers

Match the following products with their respective debt-equity ratios:

<p>Valves and nuts = 109.03% Hosiery goods = 101.97% Auto parts = 110.01% Sports goods = 116.21%</p> Signup and view all the answers

Which of the following products has the highest equity capital per unit?

<p>Valves and nuts (A)</p> Signup and view all the answers

Packing material has a higher borrowed capital per unit compared to agricultural products.

<p>True (A)</p> Signup and view all the answers

What percentage of total equity capital does pipe fitting, hand tools, and metal products represent?

<p>9.70%</p> Signup and view all the answers

What is the primary means of product identification mentioned in the content?

<p>Labelling (A)</p> Signup and view all the answers

More than two-thirds of the units established post-liberalization use grade labelling.

<p>False (B)</p> Signup and view all the answers

What percentage of units established before 1991 used brand labelling?

<p>72.72%</p> Signup and view all the answers

The percentage of units using descriptive labelling established post-liberalization is ____%.

<p>10.46</p> Signup and view all the answers

Match the following types of product labelling with their corresponding percentages (pre and post-liberalization):

<p>Grade label = 4.54% (pre), 15.11% (post) Brand label = 72.72% (pre), 63.95% (post) Descriptive label = 15.90% (pre), 10.46% (post) Any other = 6.81% (pre), 2.32% (post)</p> Signup and view all the answers

What type of label shows the value of contents and price of the product?

<p>Product label (A)</p> Signup and view all the answers

The total number of units established and using brand labelling decreased after liberalization.

<p>False (B)</p> Signup and view all the answers

Which type of labelling was introduced after liberalization that combines brand and grade?

<p>Brand &amp; Grade label</p> Signup and view all the answers

The total percentage of all types of product labelling before liberalization was ____%.

<p>33.84</p> Signup and view all the answers

Flashcards

Current Ratio

The ratio of current assets to current liabilities, used to measure a company's ability to meet its short-term obligations.

Gross Turnover

The total amount of revenue generated by a business unit over a specific period.

Short-term Solvency

The average current ratio for 390 business units is 1.82, which indicates that these units are not in a satisfactory short-term solvency position.

Utility Creation

The creation of value for customers through the combination of product, price, place, and promotion.

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Promotional Strategies

A strategy that aims to increase the visibility, awareness, and demand for products and services.

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Competitive Advantage

In a perfectly competitive market, businesses try to capture market share by creating time, place, and form utility for their products, and by embracing various promotional strategies.

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Profitability & Sales

The increase in sales or turnover of a product is directly linked to its profitability.

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Business Objective

The primary objective of every business unit is to achieve profitability.

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Product Labelling

The act of attaching or tagging labels to a product, providing information about its contents, producer, and relevant features.

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Grade Label

A label that identifies the product's quality or standard, often using categories like 'premium' or 'standard'.

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Brand Label

A label that highlights a specific brand name, often used to build brand recognition and loyalty.

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Descriptive Label

A label that provides detailed descriptions about the product's features, ingredients, or uses.

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Labelling

The practice of attaching a label to a product to enhance its value or convey specific information.

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Units Established Post Liberalization

Companies that are relatively new and have been established after a specific period.

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Units Established Pre Liberalization

Companies that were already established before a particular event.

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Importance of Brand Labelling

The significance of brand labelling in influencing customer preferences and purchase decisions.

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Debt to Equity Ratio

The ratio of borrowed capital to equity capital, indicating how much debt is used to finance a company's assets.

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Borrowed Capital

The proportion of capital that is raised by borrowing from external sources, such as banks or other lenders.

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Equity Capital

The proportion of capital raised by issuing shares or through retained earnings, representing the ownership stake in a company.

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Total Borrowed Capital

The total amount of borrowed funds that a company has borrowed from external sources.

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Total Equity Capital

The total amount that a company has raised from issuing shares and retaining earnings.

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Product Wise

This refers to the specific industry categories within which the companies were studied, such as valves and nuts, hosiery goods, etc.

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Equity and Borrowed Capital Mix

This refers to the analysis of the company's capital structure by breaking down the sources of capital (equity vs borrowed capital) and calculating their respective proportions.

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Data Compiled from Questionnaire

This refers to the method of obtaining information directly from the companies being studied. It could involve sending out questionnaires or conducting interviews.

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Study Notes

Indian Industrial Position After Independence

  • Two independent countries, India and Pakistan, emerged after independence, disrupting the former unified economic system.
  • Pre-independence India's industrial output constituted approximately 91% of total establishments and 93% of total workers.
  • Diverse industries existed, including cement, matches, glass, chemicals, hides, skins, cotton, jute manufacturing, engineering, and railway workshops.
  • Post-partition, industrial production faced challenges due to political pronouncements, machinery/equipment shortages, raw material scarcity, transport limitations, and industrial disputes.
  • Industrial growth rate varied, experiencing fluctuations and 8% growth between 1951-1965, 5.5% from 1980-85, and lower rates in other periods (4% in the 1970s).
  • The rise of industrialization marked a significant aspect of India's economic growth.
  • Heavy investment in various industries, as per the Industrial Policy Resolution of 1951 and five-year plans, aimed to increase capacity and production.
  • A significant portion of the global poor resides in India, according to World Bank estimates.

Small and Medium Enterprises in India

  • Prior to independence, small-scale industries (cottage industries) played a minor role in the national economy.
  • Post-independence, small-scale industries gained importance.
  • The National Congress held an industries conference in 1947, dividing small-scale industries into categories (ancillary to large-scale, repair services, and finished goods).
  • Various classifications (Tiny, Small Scale, Ancillary) for small-scale industries were introduced, addressing diverse industrial needs.
  • The definition of small-scale industries has been updated over time, adjusting to economic and industrial changes (number of employees, capital assets).

Research and Methodology

  • The current study examines the challenges faced by small-scale industries established pre or post-1991.
  • The study uses a specific methodology.
  • Small-scale industries are crucial for economic development, employment, and exports.
  • The growth of small-scale industries has been reviewed since independence, identifying problems and opportunities.

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Indian Industrial Position After Independence PDF

Description

This quiz explores the industrial landscape of India post-independence, focusing on the challenges and growth rates faced by various industries. It covers the impact of partition, government policies, and major sectors involved in India’s economic development. Test your knowledge on how historical events shaped the industrial framework of India.

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