Institutional Support & Incentives for Entrepreneurs Quiz
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Questions and Answers

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?

  • 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?

  • 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?

    <p>Both (a) and (b)</p> Signup and view all the answers

    How do subsidies help in the economic development of a country?

    <p>They encourage entrepreneurs to move from developed areas to developing or backward areas</p> Signup and view all the answers

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