Business Studies

Which of the following is /are included in 'traditional small industries'? 
(I) Khadi and handloom
(II) Village industries
Select the correct answer from the option given below.


ANSWER

Both(I) and (II)


SOLUTION
Traditional small industries include both Khadi and Handloom and Village Industries.
 Examples of traditional small industries are khadi and handloom, village industries, handicrafts, sericulture, etc.
The traditional industries of India include handloom, handicrafts, coir, cashew,beedi, tiles and bricks and other household industrial activities carried out in the rural parts of the country. They are labour intensive and rely on skills passed on from one generation to another generation. However, they are mostly non-viable as they have not modernized themselves to cater to the changing demand conditions and their marketing strategies are often not well planned or executed. As a result, many of these industries depend on subsidies for survival and lack a commercial orientation.
View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 218
Enroll Now For FREE

Realted Questions

Q1 Single Correct Hard
The __________ entrepreneur likes the concept that the business gives them a chance to handle everything themselves. They are usually people with lots of energy and exist on the pressure of meeting deadlines, paying bills and of course making payroll.  
  • A. hero
  • B. healer
  • C. superstar
  • D. juggler

Asked in: Business Studies - Small Business and Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
An entrepreneur should not be _________.
  • A. committed
  • B. motivator
  • C. idealistic
  • D. idle

Asked in: Business Studies - Small Business and Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
The industries which are organized on a small scale and produce goods with the help of small machines, hired labour and power are called as ___________.
  • A. Large scale industries
  • B. Small scale industries
  • C. (A) or (B)
  • D. (A) and (B)

Asked in: Business Studies - Small Business and Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
Who suggests that the process of innovation is actually of spontaneous "undeliberate learning"?
  • A. David Ricardo
  • B. Kirzner
  • C. Adam Smith
  • D. John Stuart Mill

Asked in: Business Studies - Small Business and Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Hard
Which of the following characteristic(s) of an entrepreneur?
  • A. He must maintain good relations with his customers, employees etc
  • B. He should have good communication skills
  • C. He should guard his business secrets from his competitors
  • D. All of above

Asked in: Business Studies - Small Business and Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer