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Industry & Trade, 1950–90 · Question 24 of 53

Question 24

MediumOriginal question

Read the two statements and choose the correct option.

I. Small-scale industries cannot easily compete with big firms on their own.

II. Small-scale units got bank loans at lower rates of interest.

Options for question 24

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. Big firms gain from scale, so small units need help: I is true.

  2. Cheaper credit was one of the concessions: II is true.

Concept
Protection of SSI
Typical time
70 s
Your time
—
The rule this testsSmall-scale industry
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Ten questions from Industry & Trade, 1950–90, at your own pace.

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Ten questions from Industry & Trade, 1950–90, at your own pace.

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