2015 · Q54
Which one of the following is not correct in the context of industrial clusters development in India?
General KnowledgeIndian Economy
- AIndustrial clusters play an important role for the MSME participants in their inclusiveness, technology absorption and efficiency improvement
- BIndustrial clusters are visible in traditional handloom, handicrafts and modern SME
- CIndustrial cluster programmes in India are administered by various ministries
- DIndustrial clusters lead to promotion of monopoly in the market
Explanation
Industrial clusters genuinely help MSMEs through shared infrastructure, technology absorption, and efficiency gains (A true), span traditional handloom and handicrafts as well as modern SMEs (B true), and are administered through programmes of various ministries (C true). But clusters intensify competition and cooperation among firms — they do not promote monopoly — so D is the incorrect statement.