Business Studies MCQ Class 11 Chapter 9 | Small Business | Business Studies Quiz for Class 11 and Other Competitive Exams
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Business Studies MCQ Class 11 Chapter 9
1. Which of the following comes under the Modern Small Industries? (d) Powerlooms
(a) Coir
(b) Handicrafts
(c) Khadi
(d) Powerlooms
2. 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. (d) Ancillary small industry
(a) Village industries
(b) Micro Business industry
(c) Export oriented unit
(d) Ancillary small industry
3. _____ is defined as one in which the investment in fixed assets of plant and machinery does not exceed rupees one crore. (c) Small Scale Industry
(a) Limited Companies
(b) Large Scale industry
(c) Small Scale Industry
(d) None of the above
4. Expand EOUs. (c) Export Oriented units
(a) Essential Operating units
(b) Export Order Units
(c) Export Oriented units
(d) Essential order units
5. A tiny unit is defined as an industrial or business enterprise whose investment in plant and machinery is not more than ______. (a) Rs.25 Lakhs
(a) Rs.25 Lakhs
(b) Rs.30 Lakhs
(c) Rs.35 Lakhs
(d) Rs.50 Lakhs
6. Which of the following is organised by individuals? (a) Cottage Industries
(a) Cottage Industries
(b) Railway industry
(c) Chemical industry
(d) None of these
7. The small scale industry can enjoy the status of _______ unit if it exports more than 50% of its production. (b) Export Oriented units
(a) Domestic unit
(b) Export Oriented units
(c) Small scale unit
(d) Import oriented units
8. A small scale serivce and business enterprise is one whose investment in fixed assets of plant and machinery excluding land and building does not exceed ______. (c) Rs.10 Lakhs
(a) Rs.25 Lakhs
(b) Rs.30 Lakhs
(c) Rs.10 Lakhs
(d) Rs.15 Lakhs
9. Any industry located in a rural area which produces any goods, renders any service with or without the use of power is known as ______. (c) Village Industry
(a) City Industry
(b) Town Industry
(c) Village Industry
(d) District Industry
10. Limit of investment in small scale industry is ______. (a) one crore
(a) one crore
(b) two crore
(c) five crore
(d) Ten crore
11. _____ is defined as one in which the investment in fixed assets of plant and machinery does not exceed rupees one crore. (c) Small Scale Industry
(a) Limited Companies
(b) None of these
(c) Small Scale Industry
(d) Large Scale industry
12. ______ are also known as Rural industries or Traditional industries. (b) Cottage Industries
(a) Food industry
(b) Cottage Industries
(c) None of these
(d) Agricultural industry
13. Which of the following is part of Village and Small Industries Sector? (d) All of these
(a) Handicrafts
(b) Sericulture
(c) Handlooms
(d) All of these
14. Small scale industries owned and managed by women entrepreneurs have share capital of not less than ______. (c) 51 percent
(a) 25 percent
(b) 50 percent
(c) 51 percent
(d) 20 percent
15. Micro enterprises are those whose investment in plant and machinery does not exceed rupees ______. (c) 1 Lakh
(a) 5 Lakh
(b) 3 Lakh
(c) 1 Lakh
(d) 2 Lakh