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Small scale industries could not compete with the large firms and hence were protected by the government. Which of the following statements is incorrect with regard to this :

Solution

Correct Option: 4

To protect small scale industries, the government reserved certain products for exclusive production by them, provided concessions like lower excise duty, and offered lower interest rates on bank loans. Small scale industries were not forced to work in partnership with large firms, hence option 4 is incorrect.

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