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CHAPTER 9 : Small Business NCERT MCQ CLASS 11TH BUSINESS STUDIES | EDUGROWN

NCERT MCQ ON  Small Business:

Q.1 ISO 9000 is concerned with

(a) Export
(b) Quantity
(c) Quality
(d) Import

Answer

(c) Quality

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Q.2 Which of the following comes under the Modern Small Industries?

(a) Coir
(b) Powerlooms
(c) Handicrafts
(d) Khadi

Answer

(b) Powerlooms

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Q.3 Small industries contribute _ of gross industrial value.

(a) 49 percent
(b) 45 percent
(c) 48 percent
(d) 40 percent

Answer

(d) 40 percent

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Q.4 Expand EOUs

(a) Essential Operating units
(b) Export Order Units
(c) Export Oriented units
(d) Essential order units

Answer

(c) Export Oriented units

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Q.5 Which of the following is organised by individuals?

(a) Cottage Industries
(b) Railway industry
(c) None of these
(d) Chemical industry

Answer

(a) Cottage Industries

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Q.6 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

Answer

(c) Village Industry

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Q.7 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

Answer

(b) Export Oriented units

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Q.8 NSIC was setup in

(a) 1982
(b) 1975
(c) 1965
(d) 1955

Answer

(d) 1955

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Q.9 ___________are also known as Rural industries or Traditional industries

(a) Agricultural industry
(b) Food industry
(c) Cottage Industries
(d) None of the above

Answer

(c) Cottage Industries

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Q.10 Small scale industries owned and managed by women entrepreneurs have a share capital of not less than ____________

(a) 20 percent
(b) 51 percent
(c) 25 percent
(d) 50 percent

Answer

(b) 51 percent

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Q.11 Expand DIC

(a) Directorate of Industry corporation
(b) Directorate of Indian Corporation
(c) District Industries Centers
(d) None of the above

Answer

(c) District Industries Centers

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Q.12 Which of the following is part of the small-scale sector?

(a) Paper Products and Printing
(b) Food Products
(c) Cotton Textiles
(d) All of the above

Answer

(d) All of the above

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Q.13 Exemption from paying taxes for 5 ot 10 years is known as ____________

(a) Tax Deduction
(b) TDS
(c) Value Added Tax
(d) Tax Holiday

Answer

(d) Tax Holiday

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Q.14 Which of the following is part of Village and Small Industries Sector?

(a) Handicrafts
(b) Sericulture
(c) Handlooms
(d) All of these

Answer

(d) All of these

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Q.15 In India, the Village and Small Industries. Sector consists of both traditional and modern small industries. This sector has ___________sub groups.

(a) Eleven
(b) Five
(c) Ten
(d) Eight

Answer

(d) Eight

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Q.16 Limit of investment in small scale industry is ____________

(a) one crore
(b) two crore
(c) five crore
(d) Ten crore

Answer

(a) one crore

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Q.17 __________ 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

Answer

(a) Small Scale Industry

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Q.18 Micro enterprises are those whose investment in plant and machinery does not exceed rupees____________

(a) 5 Lakh
(b) 3 Lakh
(c) 1 Lakh
(d) 2 Lakh

Answer

(c) 1 Lakh

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Q.19 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) Village industries
(b) Micro Business industry
(c) Export oriented unit
(d) Ancillary small industry

Answer

(d) Ancillary small industry

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Q.20 Expand KVIC

(a) Khadi and Village Industries Commission
(b) Khadi and Village industries core
(c) King of Village Industries Commission
(d) King of Village Investment culture

Answer

(a) Khadi and Village Industries Commission

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Q.21 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

Answer

(b) Small Industries development bank of India