Check the below NCERT MCQ Questions for Class 11 Business Studies Chapter 9 Small Business with Answers Pdf free download. MCQ Questions for Class 11 Business Studies with Answers were prepared based on the latest exam pattern. We have provided Small Business Class 11 Business Studies MCQs Questions with Answers to help students understand the concept very well.
Class 11 Business Studies Chapter 9 MCQ With Answers
Business Studies Class 11 Chapter 9 MCQs On Small Business
Question 1.
Expand EOUs
(a) Essential Operating units
(b) Export Order Units
(c) Export Oriented units
(d) Essential order units
Answer
Answer: (c) Export Oriented units
Question 2.
Which of the following is organised by individuals?
(a) Cottage Industries
(b) Railway industry
(c) None of these
(d) Chemical industry
Answer
Answer: (a) Cottage Industries
Question 3.
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
Answer: (c) Village Industry
Question 4.
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 ______
(a) Rs.25 Lakhs
(b) Rs.30 Lakhs
(c) Rs.10 Lakhs
(d) Rs.15 Lakhs
Answer
Answer: (c) Rs.10 Lakhs
Question 5.
The small scale industry can enjoy the status of _______ unit if it exports more than 50% of its production.
(a) Domestic unit
(b) Export Oriented units
(c) Small scale unit
(d) Import oriented units
Answer
Answer: (b) Export Oriented units
Question 6.
_____ is defined as one in which the investment in fixed assets of plant and machinery does not exceed rupees one crore.
(a) Limited Companies
(b) None of these
(c) Small Scale Industry
(d) Large Scale industry
Answer
Answer: (c) Small Scale Industry
Question 7.
Which of the following is part of ?Village and Small Industries Sector??
(a) Handicrafts
(b) Sericulture
(c) Handlooms
(d) All of these
Answer
Answer: (d) All of these
Question 8.
In India, the ?Village and Small Industries? Sector consists of both traditional and modern small industries. This sector has ___________subgroups.
(a) Eleven
(b) Five
(c) Ten
(d) Eight
Answer
Answer: (d) Eight
Question 9.
Limit of investment in small scale industry is _________
(a) one crore
(b) two crore
(c) five crore
(d) Ten crore
Answer
Answer: (a) one crore
Question 10.
________ are also known as Rural industries or Traditional industries
(a) Food industry
(b) Cottage Industries
(c) None of these
(d) Agricultural industry
Answer
Answer: (b) Cottage Industries
Question 11.
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
Answer: (c) 1 Lakh
Question 12.
Small scale industries owned and managed by women entrepreneurs have share capital of not less than __________
(a) 25 percent
(b) 50 percent
(c) 51 percent
(d) 20 percent
Answer
Answer: (c) 51 percent
Question 13.
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
Answer: (d) Ancillary small industry
Question 14.
Which of the following comes under the Modern Small Industries?
(a) Coir
(b) Handicrafts
(c) Khadi
(d) Powerlooms
Answer
Answer: (d) Powerlooms
Question 15.
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
(b) Rs.30 Lakhs
(c) Rs.35 Lakhs
(d) Rs.50 Lakhs
Answer
Answer: (a) Rs. 25 Lakhs
One Mark Questions
1. What do you mean by small business?
Answer
Answer: A business which operates on a small scale and required less capital, less labour and less machines is called small business.
2. Give full form of NSIC.
Answer
Answer: National small Industries Corporation (NSIC)
3. Give full form of DIC.
Answer
Answer: District Industries Centre (DIC)
4. What is mining?
Answer
Answer: The process or business of extracting ore or minerals from the ground.
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