Indian Small Scale Industries Advisory Committee

Questions and Answers

What is the primary purpose of the Advisory Committee formed by the Central Government of India?

To provide expert advice on articles or classes for small scale industrial undertakings. (correct)

To oversee the financial transactions of small scale industries.

To regulate the prices of small scale industrial products.

To promote large-scale industries throughout India.

Which member holds the position of Chairman in the Advisory Committee?

Advisor, Village and Small Industries Division, Planning Commission

Secretary to the Government of India, Department of Commerce

Additional Secretary to the Government of India, Development Commission, Small Scale Industries

Secretary to the Government of India, Ministry of Small Scale Industries and Agro and Rural Industries (correct)

What factors does the committee consider when making recommendations?

Global trade agreements and export potential.

Technological advancements and innovation in manufacturing.

The profitability of large industries and foreign investments.

Economic production, employment levels, and entrepreneurship. (correct)

What may the Central Government issue based on the committee's recommendations?

<p>A directive to reserve specific articles for small scale production.</p> Signup and view all the answers

Which of the following is NOT a member of the Advisory Committee?

<p>Governor of the Reserve Bank of India</p> Signup and view all the answers

Study Notes

Advisory Committee Formation

Established by the Central Government of India to evaluate and recommend articles or classes for small-scale industrial production.
Aims to provide expert guidance on production reservations for ancillary and small scale industries.

Committee Composition

Includes key officials:
- Secretary, Ministry of Small Scale Industries and Agro and Rural Industries (Chairman)
- Secretary, Department of Industrial Policy and Promotion
- Advisor, Village and Small Industries Division, Planning Commission
- Secretary, Department of Commerce
- Additional Secretary, Development Commission, Small Scale Industries (Member Secretary)

Factors Influencing Recommendations

Economic viability of article production.
Capacity for job creation and employment opportunities.
Encouragement of entrepreneurship in small industries.
Strategies to prevent monopolization and concentration of economic power, aimed at protecting common interests.

Government Authority

The Central Government has the power to issue notified orders designating specific articles for exclusive production by small-scale and ancillary industrial units.

Description

This quiz explores the formation and role of the Advisory Committee established by the Central Government of India to support small scale industries. Learn about the composition of the committee, its objectives, and the significance of reserving articles for production by ancillary units. Test your knowledge and understand how these initiatives impact small scale industrial development.