The definition of 'small-scale industry' in India is based on - (1) sales by the unit (2) Investment In machines and equipments (3) market coverage (4) export capacity

The definition of 'small-scale industry' in India is based on - (1) sales by the unit (2) Investment In machines and equipments (3) market coverage (4) export capacity
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(2) Investment In machines and equipments Explanation: Generally, small-scale sector is defined in terms of investment ceilings on the original value of the installed plant and machinery. As per the Ministry of Micro, Small & Medium Enterprises of India, a small scale industry is an industrial undertaking in which the investment in fixed assets in plant and machinery whether held on ownership terms on lease or on hire purchase does not exceed Rs 10 million. Fixed capital investment in a unit has been adopted as criteria to make a distinction between small-scale and large-scale industries. This limit is being continuously raised up wards by government.
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The definition of ‘small-scale industry’ in India is based on (1) sales by the unit (2) investment in machines and equipments (3) market coverage (4) export capacity

Description : The definition of ‘small-scale industry’ in India is based on (1) sales by the unit (2) investment in machines and equipments (3) market coverage (4) export capacity

Last Answer : investment in machines and equipments

Investment is equal to : (1) gross total of all types of physical capital assets (2) gross total of all capital assets minus wear and tear (3) stock of plants, machines and equipments (4) None of the above

Description : Investment is equal to : (1) gross total of all types of physical capital assets (2) gross total of all capital assets minus wear and tear (3) stock of plants, machines and equipments (4) None of the above

Last Answer : (2) gross total of all capital assets minus wear and tear Explanation: Capital formation is frequently thought of as a measure of total "investment", in the sense of that portion of ... concept that includes investment in all kinds of capital assets, whether physical property or financial assets.

Investment is equal to - (1) gross total of all types of physical capital assets (2) gross total of all capital assets minus wear and tear (3) stock of plants, machines and equipments (4) None of these

Description : Investment is equal to - (1) gross total of all types of physical capital assets (2) gross total of all capital assets minus wear and tear (3) stock of plants, machines and equipments (4) None of these

Last Answer : (2) gross total of all capital assets minus wear and tear Explanation: Investment" is a broader concept that includes investment in all kinds of capital assets, whether physical property or financial assets. In ... out the loss in capital value of assets used due to wear & tear, obsolescence, etc.

Investment is equal to : (1) gross total of all types of physical capital assets (2) gross total of all capital assets minus wear and tear (3) stock of plants, machines and equipments (4) None of the above

Description : Investment is equal to : (1) gross total of all types of physical capital assets (2) gross total of all capital assets minus wear and tear (3) stock of plants, machines and equipments (4) None of the above

Last Answer : gross total of all capital assets minus wear and tear 

Pick out the wrong statement. (A) The annual depreciation rate for machinery and equipments in a chemical process plant is about 10% of the fixed capital investment (B) Annual depreciation rate of buildings in a chemical plant is about 3% of its initial cost (C) Insurance rates on annual basis in a chemical plant may be about 1% of the fixed capital investment (D) In a chemical industry, research and development cost amounts to about 15% of net sales realisation (NSR)

Description : Pick out the wrong statement. (A) The annual depreciation rate for machinery and equipments in a chemical process plant is about 10% of the fixed capital investment (B) Annual depreciation rate ... chemical industry, research and development cost amounts to about 15% of net sales realisation (NSR)

Last Answer : (D) In a chemical industry, research and development cost amounts to about 15% of net sales realisation (NSR)

If an industry is characterized by economies of scale then - (1) barriers to entry are not very large (2) long run unit costs of production decreases as the quantity the firm produces increases (3) capital requirement are small due to the efficiency of the large scale operation (4) the costs of entry into the market are likely to be substantial

Description : If an industry is characterized by economies of scale then - (1) barriers to entry are not very large (2) long run unit costs of production decreases as the quantity the firm produces increases (3) ... of the large scale operation (4) the costs of entry into the market are likely to be substantial

Last Answer : (2) long run unit costs of production decreases as the quantity the firm produces increases Explanation: In microeconomics, economies of scale are the cost advantages that an enterprise obtains due to expansion ... in unit cost as the size of a facility and the usage levels of other inputs increase.

If an industry is characterised by economies of scale then (1) barriers to entry are not very large (2) long run unit costs of production decreases as the quantity the firm produces increases (3) capital requirement are small due to the efficiency of the large scale operation (4) the costs of entry into the market are likely to be substantial

Description : If an industry is characterised by economies of scale then (1) barriers to entry are not very large (2) long run unit costs of production decreases as the quantity the firm produces increases (3) ... of the large scale operation (4) the costs of entry into the market are likely to be substantial 

Last Answer : long run unit costs of production decreases as the quantity the firm produces increases

’Infant industry argument’ in international trade is given in support of (a) Granting protection (b) Free trade © Encouragement to export oriented small and tiny industry (d) None of the above.

Description : ’Infant industry argument’ in international trade is given in support of (a) Granting protection (b) Free trade © Encouragement to export oriented small and tiny industry (d) None of the above.

Last Answer : (a) Granting protection

The small scale unit wishing to export has to obtain exporters code number from _________. A. The Reserve Bank of India. B. The Central Bank of India. C. Any Regional Bank. D. Any International Bank.

Description : The small scale unit wishing to export has to obtain exporters code number from _________. A. The Reserve Bank of India. B. The Central Bank of India. C. Any Regional Bank. D. Any International Bank.

Last Answer : A. The Reserve Bank of India.

The upper limit of investment in plant and machinery for small-scale industries has been fixed currently at - (1) Rs. 35 lakhs (2) Rs. 45 lakhs (3) Rs. 60 lakhs (4) Rs. 1 crore

Description : The upper limit of investment in plant and machinery for small-scale industries has been fixed currently at - (1) Rs. 35 lakhs (2) Rs. 45 lakhs (3) Rs. 60 lakhs (4) Rs. 1 crore

Last Answer : (4) Rs. 1 crore Explanation: The upper limit of investment in plant and machinery for small-scale industries has been fixed at Rs. one crore.

Which is the most common method of measuring economic development? a. Profit loss b. Income c. Sales d. Import-export

Description : Which is the most common method of measuring economic development? a. Profit loss b. Income c. Sales d. Import-export

Last Answer : b. Income

Which is the most common method of measuring economic development? a. Profit loss b. Income c. Sales d. Import-export

Description : Which is the most common method of measuring economic development? a. Profit loss b. Income c. Sales d. Import-export

Last Answer : b. Income

Which of the following is not an export (a) sales of domestic cars abroad (b) purchase of foreign components © students from abroad studying in your country (d) sales of financial services.

Description : Which of the following is not an export (a) sales of domestic cars abroad (b) purchase of foreign components © students from abroad studying in your country (d) sales of financial services.

Last Answer : (b) purchase of foreign components

GDP at market prices is the sum of Consumption, Investment, Government Spending and Net Exports. „Net‟ exports is (a) Gross exports minus depreciation ; (b) Exports minus imports ; (c) Gross exports earnings minus capital inflow ; (d) Export minus imports of merchandize

Description : GDP at market prices is the sum of Consumption, Investment, Government Spending and Net Exports. „Net‟ exports is (a) Gross exports minus depreciation ; (b) Exports minus imports ; (c) Gross exports earnings minus capital inflow ; (d) Export minus imports of merchandize 

Last Answer : (b) Exports minus imports ;

Agricultural and Processed Food Products Export Development Authority (APEDA), which is mandated with export promotion of scheduled products including fruits, vegetables, poultry, meat, dairy etc, functions under which ministry? a. Ministry of Consumer Affairs, Food and Public Distribution b. Ministry of Food Processing Industriesc. Ministry of Agriculture and Farmers Welfared. Ministry of Commerce and Industry

Description : Agricultural and Processed Food Products Export Development Authority (APEDA), which is mandated with export promotion of scheduled products including fruits, vegetables, poultry, meat, dairy etc, ... Industries c. Ministry of Agriculture and Farmers Welfare d. Ministry of Commerce and Industry

Last Answer : d. Ministry of Commerce and Industry

Agricultural and Processed Food Products Export Development Authority (APEDA), which is mandated with export promotion of scheduled products including fruits, vegetables, poultry, meat, dairy etc, functions under which ministry? a. Ministry of Consumer Affairs, Food and Public Distribution b. Ministry of Food Processing Industries c. Ministry of Agriculture and Farmers Welfare d. Ministry of Commerce and Industry

Description : Agricultural and Processed Food Products Export Development Authority (APEDA), which is mandated with export promotion of scheduled products including fruits, vegetables, poultry, meat, dairy etc, functions under which ministry? a. Ministry of Consumer Affairs, Food and Public Distribution

Last Answer : d. Ministry of Commerce and Industry

Which sector contributes largest to India’s national income? (a) Agricultural sector (b) Manufacturing sector © Service sector (d) Small scale industry.

Description : Which sector contributes largest to India’s national income? (a) Agricultural sector (b) Manufacturing sector © Service sector (d) Small scale industry.

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Capital formation in underdeveloped countries is a major bottleneck. The reason can be a. Small size of market with no incentive for investment b. Low level of income c. Demonstration effect d. All the above

Description : Capital formation in underdeveloped countries is a major bottleneck. The reason can be a. Small size of market with no incentive for investment b. Low level of income c. Demonstration effect d. All the above

Last Answer : d. All the above Capital formation refers to investment in tools, machinery, buildings etc. inequalities in the economy is also a reason behind this.

The main reason for establishing sales territories to 1. secure optimum market coverage 2. reduce selling expenses 3. facilitate planning and control of selling operations 4. improve sales force performance and morale 5. none of these

Description : The main reason for establishing sales territories to 1. secure optimum market coverage 2. reduce selling expenses 3. facilitate planning and control of selling operations 4. improve sales force performance and morale 5. none of these

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The Chairman of Unilever states that the world is just one big market. He feels anyone not taking this stance is systematically passing up profitable business. His approach MOST closely resembles A)exporting. B)global marketing. C)export marketing. D)full-scale international marketing. E)export agenting

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Indian Farmers Fertiliser Cooperative Limited, also known as IFFCO, is a small-scale fertiliser cooperative federation based in India which is registered as a Multistate Cooperative Society. Where is its headquarters? a. Nagpur b. New Delhi c. Hissar d. Bathinda

Description : Indian Farmers Fertiliser Cooperative Limited, also known as IFFCO, is a small-scale fertiliser cooperative federation based in India which is registered as a Multistate Cooperative Society. Where is its headquarters? a. Nagpur b. New Delhi c. Hissar d. Bathinda

Last Answer : b. New Delhi

Indian Farmers Fertiliser Cooperative Limited, also known as IFFCO, is a small-scale fertiliser cooperative federation based in India which is registered as a Multistate Cooperative Society. Where is its headquarters? a. Nagpur b. New Delhi c. Hissar d. Bathinda

Description : Indian Farmers Fertiliser Cooperative Limited, also known as IFFCO, is a small-scale fertiliser cooperative federation based in India which is registered as a Multistate Cooperative Society. Where is its headquarters? a. Nagpur b. New Delhi c. Hissar d. Bathinda

Last Answer : b. New Delhi

Which of the following is necessary for a natural monopoly? a. economies of scale b. a high proportion of the total cost is the cost of capital goods c. the market is very small d. all of the above

Description : Which of the following is necessary for a natural monopoly? a. economies of scale b. a high proportion of the total cost is the cost of capital goods c. the market is very small d. all of the above

Last Answer : d. all of the above

Pick out the wrong statement. (A) More commonly used jaw crusher between Dodge jaw crusher and Blake jaw crusher is the later one(B) There are only four methods namely compression, impact, attrition andcutting, which the size reduction equipments employ(C) Cutting machines mainly employ 'attrition' for size reduction of solids(D) Operating principles of Dodge and Blake jaw crushers are combined inthe working of universal jaw crushers

Description : Pick out the wrong statement. (A) More commonly used jaw crusher between Dodge jaw crusher and Blake jaw crusher is the later one (B) There are only four methods namely compression, impact ... Operating principles of Dodge and Blake jaw crushers are combined in the working of universal jaw crushers

Last Answer : (C) Cutting machines mainly employ 'attrition' for size reduction of solids

Which of the following is not a source of ozone emission in the atmosphere? (A) Refrigerators (B) Xerox machines (C) Dermatological photo-therapy equipments (D) High voltage electrical equipments

Description : Which of the following is not a source of ozone emission in the atmosphere? (A) Refrigerators (B) Xerox machines (C) Dermatological photo-therapy equipments (D) High voltage electrical equipments

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In _________, machines and equipments are arranged in the order or sequence in which they are to be used for manufacturing the product A. Factory Layout. B. Product Layout. C. Process Layout. D. Combined Layout.

Description : In _________, machines and equipments are arranged in the order or sequence in which they are to be used for manufacturing the product A. Factory Layout. B. Product Layout. C. Process Layout. D. Combined Layout.

Last Answer : B. Product Layout.

Which of the following is the classification of Industries on the basis of raw-materials? (1) Small Scale — Large scale (2) Primary and Secondary (3) Basic and Consumer (4) Agro-based and Mineral based

Description : Which of the following is the classification of Industries on the basis of raw-materials? (1) Small Scale — Large scale (2) Primary and Secondary (3) Basic and Consumer (4) Agro-based and Mineral based

Last Answer : (4) Agro-based and Mineral based Explanation: Industries are classified on the bases of source of raw material. There are two types of industries agro based and mineral based industries ... based industries are iron and steel, cement, aluminum, machine tools, and petrochemicals producing industries

Which of the following is the classification of Industries on the basis of raw-materials ? (1) Small Scale – Large scale (2) Primary and Secondary (3) Basic and Consumer (4) Agro-based and Mineral based

Description : Which of the following is the classification of Industries on the basis of raw-materials ? (1) Small Scale – Large scale (2) Primary and Secondary (3) Basic and Consumer (4) Agro-based and Mineral based

Last Answer : Agro-based and Mineral based

.A tariff that is levied as a fixed charge per unit of imports is known as a (a) Specific tariff (b) Ad- valorem tariff © Import tariff (d) Export tariff.

Description : .A tariff that is levied as a fixed charge per unit of imports is known as a (a) Specific tariff (b) Ad- valorem tariff © Import tariff (d) Export tariff.

Last Answer : a) Specific tariff

To maximize market share, a firm may use _____________ pricing, which is based on the theory that as sales volume increases, unit costs will decrease. A. Market-penetration B. Market-skimming C. Value pricing D. Demand pricing E. Price bands

Description : To maximize market share, a firm may use _____________ pricing, which is based on the theory that as sales volume increases, unit costs will decrease. A. Market-penetration B. Market-skimming C. Value pricing D. Demand pricing E. Price bands

Last Answer : A. Market-penetration

'Lang factor' is defined as the ratio of the capital investment to the delivered cost of major equipments. The value of 'Lang factor' for fixed capital investment, for a solid-fluid processing chemical plant ranges from (A) 1.2 to 1.4 (B) 2.5 to 2.7 (C) 4.2 to 4.4 (D) 6.2 to 6.4

Description : 'Lang factor' is defined as the ratio of the capital investment to the delivered cost of major equipments. The value of 'Lang factor' for fixed capital investment, for a solid-fluid processing chemical plant ranges from (A) 1.2 to 1.4 (B) 2.5 to 2.7 (C) 4.2 to 4.4 (D) 6.2 to 6.4

Last Answer : C) 4.2 to 4.4

Purchased cost of equipments for a chemical process plant ranges from __________ percent of the fixed capital investment. (A) 10 to 20 (B) 20 to 40 (C) 45 to 60 (D) 65 to 75

Description : Purchased cost of equipments for a chemical process plant ranges from __________ percent of the fixed capital investment. (A) 10 to 20 (B) 20 to 40 (C) 45 to 60 (D) 65 to 75

Last Answer : (B) 20 to 40

Compare Job and Batch production system with respect to: (1) Equipments (3) Investment (2) Labor (4) Examples of Products.

Description : Compare Job and Batch production system with respect to: (1) Equipments (3) Investment (2) Labor (4) Examples of Products.

Last Answer : Difference between Job and Batch Production System with respect to following parameters:

Which of the following most closely approximates our definition of oligopoly? (1) The cigarette industry (2) The barber shops (3) The gasoline stations (4) Wheat farmers

Description : Which of the following most closely approximates our definition of oligopoly? (1) The cigarette industry (2) The barber shops (3) The gasoline stations (4) Wheat farmers

Last Answer : (1) The cigarette industry Explanation: An oligopoly is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). Because there are few ... amount of interdependence which encourages competition in non price-related areas, like advertising and packaging.

Which of the following most closely approximates our definition of oligopoly ? (1) The cigarette industry. (2) The barber shops (3) The gasoline stations (4) Wheat farmers

Description : Which of the following most closely approximates our definition of oligopoly ? (1) The cigarette industry. (2) The barber shops (3) The gasoline stations (4) Wheat farmers

Last Answer : The cigarette industry.

Mechanisation in india at various levels can be done in following ways… a) by introducing the improved agricultural implements on small scale holding to be operated by bullocks. b) by using small tractors, tractor drawn machines and power tillers on medium holdings to supplement source. c) by using large scale tractor and machines on remaining holding to supplement animal power source. d) All of the above

Description : Mechanisation in india at various levels can be done in following ways a) by introducing the improved agricultural implements on small scale holding to be operated by bullocks. b) by using small ... tractor and machines on remaining holding to supplement animal power source. d) All of the above

Last Answer : All of the above

In a specific strategic market plan, a profit centre that is self-supporting in terms of sales, markets, production, and other resources is known as: A)profit unit. B)strategic business unit. C)marketing unit. D)small business unit.

Description : In a specific strategic market plan, a profit centre that is self-supporting in terms of sales, markets, production, and other resources is known as: A)profit unit. B)strategic business unit. C)marketing unit. D)small business unit.

Last Answer : B)strategic business unit.

Two reasons for mergers and acquisitions are a. to increase managerial staff and to minimize economies of scale. b. to reduce tax obligations and increase managerial staff. c. to create seasonal trends in sales and to make better use of a new sales force. d. to provide improved capacity utilization and to gain new technology

Description : Two reasons for mergers and acquisitions are a. to increase managerial staff and to minimize economies of scale. b. to reduce tax obligations and increase managerial staff. c. to create seasonal trends ... of a new sales force. d. to provide improved capacity utilization and to gain new technology

Last Answer : to provide improved capacity utilization and to gain new technology

Which one of the following equipments is essentially required for growing microbes on a large scale, for industrial production of enzymes? (a) Bioreactor (b) BOD incubator (c) Sludge digester (d) Industrial oven

Description : Which one of the following equipments is essentially required for growing microbes on a large scale, for industrial production of enzymes? (a) Bioreactor (b) BOD incubator (c) Sludge digester (d) Industrial oven

Last Answer : (a) Bioreactor

In the Resource-based view (RBV) model, Physical resources does not include….A. Machines B. Buildings C. Production capacity D. Includes all of the above

Description : In the Resource-based view (RBV) model, Physical resources does not include…. A. Machines B. Buildings C. Production capacity D. Includes all of the above

Last Answer : Includes all of the above

In the Resource-based view (RBV) model, Physical resources does not include…. A. Machines B. Buildings C. Production capacity D. Includes all of the above

Description : In the Resource-based view (RBV) model, Physical resources does not include…. A. Machines B. Buildings C. Production capacity D. Includes all of the above

Last Answer : Includes all of the above

When a company adjusts price levels so that it can increase sales volume to levels that match the organisation's expenses, it is said to employ a ---- pricing objective. A)market share B)cash flow C)return on investment D)survival E)profit

Description : When a company adjusts price levels so that it can increase sales volume to levels that match the organisation's expenses, it is said to employ a ---- pricing objective. A)market share B)cash flow C)return on investment D)survival E)profit

Last Answer : D)survival

What inhibits innovation at the bottom of the Pryamid? A. The assumptions of Multi-National Companies B. The buying habits of poor people C. The scale of investment required for success in the BoP market D. All of these options are valid

Description : What inhibits innovation at the bottom of the Pryamid? A. The assumptions of Multi-National Companies B. The buying habits of poor people C. The scale of investment required for success in the BoP market D. All of these options are valid

Last Answer : All of these options are valid

What inhibits innovation at the bottom of the Pryamid? A. The assumptions of Multi-National Companies B. The buying habits of poor people C. The scale of investment required for success in the BoP market D. All of these options are valid

Description : What inhibits innovation at the bottom of the Pryamid? A. The assumptions of Multi-National Companies B. The buying habits of poor people C. The scale of investment required for success in the BoP market D. All of these options are valid

Last Answer : All of these options are valid

Suppose the inventory manager at Hotpoint intends to lower stockout costs. Which of the following is considered a stockout cost that the manager at Hotpoint might address? A)Price of washing machines B)Sales lost due to short supply of dishwashers C)Order -processing expenses D)Expenses of backordering small appliances

Description : Suppose the inventory manager at Hotpoint intends to lower stockout costs. Which of the following is considered a stockout cost that the manager at Hotpoint might address? A)Price of washing ... to short supply of dishwashers C)Order -processing expenses D)Expenses of backordering small appliances

Last Answer : B)Sales lost due to short supply of dishwashers

If there are 50 firms in a industry, each selling 2% of the total sales, the concentration ratio is: a. 50% b. 2% € c. 100% d. 8%

Description : If there are 50 firms in a industry, each selling 2% of the total sales, the concentration ratio is: a. 50% b. 2% € c. 100% d. 8%

Last Answer : d. 8%

Water is normally used as a coolant in the heat exchange equipments mainly because of its (A) Abundance & high heat capacity (B) Low density (C) Low viscosity (D) High fluidity

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Last Answer : (A) Abundance & high heat capacity

Name different types of material handling equipments used in industry. Explain any one with neat sketch.

Description : Name different types of material handling equipments used in industry. Explain any one with neat sketch.

Last Answer : Types of material handling devices 1.Trucks : i) Power lift : a. Fork lift b. elevating platform ii) Hand Lift. iii) Porters trolley. 2.Tractors and trailers 3. Hoist and cranes: ... bands can also be used. 5. Speed of belt normally ranges from 1 m/s to 70 m/s.

The internal rate of return - (1) must be less than the interest rate if the firm is to in-vest. (2) makes the present value of profits equal to the present value of costs. (3) falls as the annual yield of an investment rises. (4) is equal to the market interest rate for all the firm's in-vestment.

Description : The internal rate of return - (1) must be less than the interest rate if the firm is to in-vest. (2) makes the present value of profits equal to the present value of costs. (3) falls as the annual yield of an investment rises. (4) is equal to the market interest rate for all the firm's in-vestment.

Last Answer : (3) falls as the annual yield of an investment rises. Explanation: The internal rate of return on an investment or project is the "annualized effective compounded re-turn rate" or discount rate ... the investment equals the net present value of the benefits (positive cash flows) of the investment.

7. Which of the following statements is/are true? a. Business Investment Spending occurs when individuals buy stock in the stock market b. Productivity is the United States grew very slowly between 1973 and 1996 c. Because of discouraged workers, the official unemployment rate is too high d. “Full employment” occurs when there is no frictional unemployment

Description : 7. Which of the following statements is/are true? a. Business Investment Spending occurs when individuals buy stock in the stock market b. Productivity is the United States grew very slowly ... unemployment rate is too high d. Full employment occurs when there is no frictional unemployment

Last Answer : b. Productivity is the United States grew very slowly between 1973 and 1996