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Questions and Answers
What is the main responsibility of the Small Industries Development Bank of India (SIDBI)?
What is the main responsibility of the Small Industries Development Bank of India (SIDBI)?
- Implementing various schemes to provide financial support to small entrepreneurs (correct)
- Correcting regional imbalances through incentives
- Generating more employment and removing unemployment
- Providing credit to micro, medium and small-scale sectors
Which of the following is NOT a reason for the need of incentives and subsidies?
Which of the following is NOT a reason for the need of incentives and subsidies?
- To improve the efficiency of large-scale industries (correct)
- To provide competitive strength, survival and growth
- To remove regional disparities in development
- To generate more employment and remove unemployment
How do incentives help in correcting regional imbalances?
How do incentives help in correcting regional imbalances?
- They create more employment opportunities in developed regions
- They increase the competitive strength of industries in backward areas
- They provide financial support to industries in developed regions
- They encourage entrepreneurs to start new ventures in backward areas (correct)
Which of the following is an example of incentives provided for the survival and growth of industries?
Which of the following is an example of incentives provided for the survival and growth of industries?
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How do subsidies help in the economic development of a country?
How do subsidies help in the economic development of a country?
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