Question
Small scale industries in 1950 were defined as all those industries in which the maximum investment was ________ lakh rupees.
The correct answer is
five
In 1950, the definition of small-scale industries in India was based on the maximum investment limit. Initially, it was set at five lakh rupees to promote small entrepreneurs and encourage industrial development in rural and semi-urban areas.
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Important Questions from Industrial Sector
- Payment of subsistence allowance is dealt in which section of the Industrial Employment (Standing Orders) Act, 1946?
- The Second Schedule of the Industrial Dispute Act, 1947 deals with which of the following disputes within the jurisdiction of Labour Court?
- Which of the following is a method for fixing minimum rates of wages as per the Minimum Wages Act, 1948?
- The Payment of Wages Act came into force on
- With reference to labour market governance, India has ratified the labour inspection convention in ________.
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