Question
With reference to the ‘dwarf firms’,
consider the following statement: I. Firms employing less than 100 workers. II. It account for more than half of all the firms in the organized manufacturing sector. III. These are the biggest contributor to the economy in terms of employment and productivity. Which of the statements given above is/are NOT correct?Solution
Statement 1 is correct - Firms that are both small (less than 100 workers) and older than ten years are categorized as dwarfs firms. Statement 2 is correct - The dwarf firms account for half of all the firms in organized manufacturing by number. Hence, Despite the dominance of dwarf firms in economy their share in Net Value Added (NVA) or productivity and employment is very small (i.e 7.6%). In contrast, young, large firms (firms that have more than 100 employees and are not more than 10 years old) account for only 5.5% of firms by number but their contribution to the economy is higher than dwarf firms i.e (21.2% of the employment and 37.2% of the NVA). Firms that are able to grow over time to become large are the biggest contributors to employment and productivity in the economy. Statement III is not correct - Dwarfs that remain small despite becoming older remain the lowest contributors to employment and productivity in the economy.
In a group of 50 students, the average monthly tuition is Rs. 7,200. Following a fee adjustment, the new average monthly tuition per student is Rs. (720...
A writer wrote a certain number of pages daily for the first 20 days. In the next 10 days, he wrote at an average of 54 pages per day. This increased hi...
Of the four numbers, whose average is 75, the first is one-fourth of the sum of the last three. The first number is
A batsman had an average of 82 runs per match in the first 25 matches. In his next 15 matches, he scored runs with an average of ‘x’ runs per match ...
The average of 25 numbers is 22.The average of first 12 numbers is 14 and that of the last 12 numbers is 17. What will be the 25th number?
The average of two numbers ‘X’ and ‘Y’ is 400 such that they are in the ratio 3:5 respectively. Another number ‘Z’ is 80 more than ‘Y’ a...
The average score of 'x' boys is (x + 5), and the average score of 30 girls is (3x - 10). If the combined average score of all students is 60, then find...
The average of two numbers ‘P’ and ‘Q’ is 480 such that they are in the ratio 5:7 respectively. Another number ‘R’ is 60 more than ‘Q’ a...
An intern was paid a stipend of Rs. 1,792 for a period of 30 days calculated on daily basis. During this period, he was absent for 4 days and was fined ...
A number is such that when it is multiplied by 5, it gives another number which is as much above from 210 as the original number (itself) is below 210. ...
Relevant for Exams:
