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Chemical Engineering Basics - Engineering

Q1:

Pick out the wrong statement.

A Partnership is suitable for medium size business.

B A certain minimum of subscription of capital is required for legally starting a business in a Public Limited Joint Stock Company.

C Public Limited Joint Stock Company is legally bound to issue prospectus after registration.

D A small scale industry is the one, which has a minimum capital investment of Rs. 50 lakhs and maximum 100 lakhs.

ANS:D - A small scale industry is the one, which has a minimum capital investment of Rs. 50 lakhs and maximum 100 lakhs.

The wrong statement is: "A small scale industry is the one, which has a minimum capital investment of Rs. 50 lakhs and maximum 100 lakhs." This statement is incorrect because a small scale industry typically involves much smaller capital investment, typically much less than Rs. 50 lakhs. The definition of a small scale industry varies from country to country, but generally, it's characterized by relatively low capital investment, limited workforce, and small-scale operations compared to larger enterprises.