MCQ Questions for Class 11 Business Studies: Ch 5 Small Business

MCQ Questions for Class 11 Business Studies: Ch 9 Small Business and Entrepreneurship

1. The small scale industry can enjoy the status of ________ if it supplies not less than 50% of its production to another industry, referred to as the parent unit.
(a) Micro Business industry
(b) Export oriented unit
(c) Ancillary small industry
(d) Village industries
► (c) Ancillary small industry

2. Which of the following is part of small scale sector?
(a) Paper Products and Printing
(b) Food Products
(c) Cotton Textiles
(d) All of the above
► (d) All of the above

3. Exemption from paying taxes for 5 ot 10 years is known as _________
(a) Tax Deduction
(b) TDS
(c) Value Added Tax
(d) Tax Holiday
► (d) Tax Holiday

4. Small industries contribute _______ of gross industrial value
(a) 49 percent
(b) 45 percent
(c) 48 percent
(d) 40 percent
► (d) 40 percent

5. The small scale industry can enjoy the status of _______ unit if it exports more than 50% of its production.
(a) Import oriented units
(b) Export Oriented units
(c) Small scale unit
(d) Domestic unit
► (b) Export Oriented units

6. NSIC was setup in
(a) 1982
(b) 1975
(c) 1965
(d) 1955
► (d) 1955

7. ______ are also known as Rural industries or Traditional industries
(a) Agricultural industry
(b) Food industry
(c) Cottage Industries
(d) None of the above
► (c) Cottage Industries

8. ISO 9000 is concerned with
(a) Export
(b) Quantity
(c) Quality
(d) Import
► (c) Quality

9. Which of the following comes under the Modern Small Industries?
(a) Coir
(b) Powerlooms
(c) Handicrafts
(d) Khadi
► (b) Powerlooms

10. Small scale industries owned and managed by women entrepreneurs have share capital of not less than __________.
(a) 20 percent
(b) 51 percent
(c) 25 percent
(d) 50 percent
► (b) 51 percent

11. When did India globally become the 7th largest vehicle manufacturer?
(a) 2007
(b) 2008
(c) 2009
(d) 2010
► (c) 2009

12. Expand RSBDC
(a) Rural small bank development corporation
(b) Rashtriya Small bank development corporation
(c) Rural Small Business Development Centre
(d) None of the above
► (c) Rural Small Business Development Centre

13. _____ is defined as one in which the investment in fixed assets of plant and machinery does not exceed rupees one crore.
(a) Small Scale Industry
(b) Limited Companies
(c) Large Scale industry
(d) None of the above
► (a) Small Scale Industry

14. Any industry located in a rural area which produces any goods, renders any service with or without the use of power is known as ________
(a) City Industry
(b) Town Industry
(c) Village Industry
(d) District Industry
► (c) Village Industry

15. Limit of investment in small scale industry is _________
(a) One crore
(b) Ten crore
(c) Two crore
(d) Five crore
► (a) One crore

16. Expand KVIC
(a) Khadi and Village Industries Commission
(b) Khadi and Village industires core
(c) King of Village Industries Commission
(d) King of Village Investment culture
► (a) Khadi and Village Industries Commission

17. A tiny unit is defined as an industrial or business enterprise whose investment in plant and machinery is not more than ___________
(a) Rs.35 Lakhs
(b) Rs.50 Lakhs
(c) Rs.30 Lakhs
(d) Rs. 25 Lakhs
► (d) Rs. 25 Lakhs

18. Which of the following is a main problem for small business?
(a) Raw material
(b) Finance
(c) Managerial skill
(d) All of the above
► (d) All of the above

19. Expand SIDBI
(a) Society Industrial development bank of India
(b) Small industries development bank of India
(c) Super Industrial development bank of India
(d) Small Indian Development bank of India
► (b) Small industries development bank of India

20. Expand DIC
(a) Directorate of Industry corporation
(b) Directorate of Indian Corporation
(c) District Industries Centers
(d) None of the above
► (c) District Industries Centers

21. Which of the following is organised by individuals?
(a) Cottage Industries
(b) Chemical industry
(c) Railway industry
(d) None of the above
► (a) Cottage Industries

22. Expand EOUs
(a) Essential Operating units
(b) Export Oriented units
(c) Export Order Units
(d) Essential order units
► (b) Export Oriented units

23. The District Industries Centers Programme was launched on
(a) On 15 August 1978
(b) On May 1, 1978
(c) On September 1, 1978
(d) On July 1, 1978
► (b) On May 1, 1978

24. In India, the 'Village and Small Industries' Sector consists of both traditional and modern small industries. This sector has ___________subgroups.
(a) Eleven
(b) Ten
(c) Five
(d) Eight
► (d) Eight
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