Unit - 3

Which government body in India provides financial assistance and incentives to small scale industries?

• RBI (Reserve Bank of India)

• SIDBI (Small Industries Development Bank of India)

• SEBI (Securities and Exchange Board of India)

• SBI (State Bank of India)

What does MUDRA stand for?

• Monetary Unit Development and Regulatory Authority

• Microfinance Unit Development and Resource Allocation

• Micro Units Development and Refinance Agency

• Multifunctional Development and Reinvestment Agency

What is the maximum loan amount that can be availed under the Standup India scheme?

• ₹50 lakh

• ₹1 crore

• ₹10 lakh

• ₹25 lakh

Number of sector covered under Make in India 2.0 projects are

• 15

• 27

• 30

• 20

Which of the following is NOT a category of MUDRA loans?

• Kishore

• Vrishabh

• Shishu

• Tarun

What type of business entities are eligible to be recognized as startups under Startup India?

• Any business with less than 100 employees

• Any business registered as a partnership firm

• Only businesses operating in the technology sector

• Any business registered as a private limited company, LLP, or partnership firm

Apart from loans, what other support does the Standup India initiative provide to entrepreneurs?

• Free office space for the first year

• Training and skill development programs

• Marketing and advertising services

• Legal consultation for business registration

Which policy measures are part of the Atmanirbhar Bharat initiative to promote entrepreneurship?

• Privatization of all government-owned enterprises

• Tax incentives for multinational corporations

• Ease of doing business reforms and financial support for startups

• Increased tariffs on imported goods

Which of the following is NOT a characteristic of small scale industries in India?

• Limited investment in machinery

• Labor-intensive operations

• High capital requirement

• Flexibility in operations and management

One of the main reasons for promoting small scale industries is to limit job opportunities.

• True

• False