Q. With reference to the promotion of Small-Scale Industries (SSIs) in India after independence, consider the following statements:
1.Small-scale industries were promoted as they are more labour-intensive compared to large industries.
2.Certain products were reserved exclusively for manufacture by small-scale industries.
3.Small-scale industries were required to compete freely with large industries without any concessions.
Which of the statements given above is/are correct?
Quarterly-SFG-Jan-to-March
Red Book

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2, and 3

Answer: A
Notes:

Explanation:

  • SSIs were promoted because they are more labour-intensive.
  • Certain products were reserved for SSIs to protect them.
  • SSIs were given concessions (like lower excise duties, cheap bank loans) and were not left to compete freely.

Source- 12th NCERT: Economics: Macroeconomics

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