CBSE Questions for Class 11 Commerce Business Studies Small Business And Entrepreneurship Quiz 6 - MCQExams.com

SIDBI stands for Small Industries Development Bank of India.
  • True
  • False
Invariably a drawback of traditional small scale industry is ___________.
  • They can not provide employment for whole year
  • They require high labour employment
  • They can earn only foreign exchange
  • None of the above.
Small-scale sector units is/are.
  • Less Capital Intensive
  • More Capital Intensive
  • Not Capital Intensive
  • All of the above
Which of the following is/are included in 'traditional small industries'?
$$1$$. Village industries
$$2$$. Natural gas
$$3$$. Handicrafts
$$4$$. Cement
$$5$$. Sericulture & coir
Select the correct answer from the options given.
  • $$2, 4, 3$$
  • $$1, 2, 3$$
  • $$1, 3, 4$$
  • $$3, 1, 5$$
In 1979-80 the ratio of total output is to total, share in employment for Traditional small scale industry is __________.
  • 135: 56%
  • 135: 74%
  • 135: 33%
  • 135: 36%
Small scale industrial undertaking is an industrial undertaking in which the investment in fixed assets in plant and machinery, whether held on ownership terms or on lease or on hire purchase, does not exceed _______.
  • Rs. $$4$$ crore
  • Rs. $$3$$ crore
  • Rs. $$2$$ crore
  • Rs. $$1$$ crore
The problem faced by small Business is/are ____________.
  • Lack of adequate finance
  • Outdated technology
  • Shortage of raw materials
  • All the Above.
Which of the following statement is incorrect?
(I) The small-scale industries sector plays a vital role in the growth of the country.
(II) SSI Sector in India creates very low employment opportunities for the Indian population.
(III) SSI Sector plays important role in India's present export performance.
Select the correct answer from the options given.
  • $$2$$ only
  • $$3$$ only
  • $$1$$ only
  • None of the above
Which of the following is/are included in 'traditional small industries'?
(I) Khadi and handloom
(II) Village industries
  • (I) only
  • (II) only
  • Both (I) and (II)
  • Neither (I) nor (II)
The industries which are organized on a small scale and produce goods with the help of small machines, hired labour and power are called as ___________.
  • Large scale industries
  • Small scale industries
  • (A) or (B)
  • (A) and (B)
40% of the Indian economy gross value is given by _________.
  • Small scale industry
  • Micro scale industry
  • Micro Industry
  • Public Enterprises
Which of the following is not the characteristic of entrepreneurship?
  • Innovation
  • Organizing skills
  • Indifference approach
  • Risk taking
A small scale industrial unit is one which has investment upto:
  • 2 crore
  • 50 lakh
  • 1 crore
  • 20 lakh
Which of the following describes the Entrepreneurship development?
  • It is the process of enhancing entrepreneurial skills and knowledge.
  • It aims to enlarge the base of entrepreneurs.
  • It focuses on individuals who wish to start or expand business.
  • All of the above
Identify the personality factor(s) that affect entrepreneurship.
  • Irrational monetary and fiscal policies
  • Lack of Persuasion
  • Unfair trade practices
  • Sophisticated technology
To _______, an entrepreneur is one who brings resources, labour, materials, and other assets together to make value greater than before.
  • a psychologist
  • an economist
  • a businessman
  • a customer
For the goods having artistic features __________ size of enterprise is preferred.
  • Small scale
  • Corporation
  • Very large
  • Large scale
Modern observation states that though they are born entrepreneurs, they can be made by education and training.
  • True
  • False
After the idea generation, the next process in entrepreneurship that follows is _____.
  • improving standards of living
  • development of managerial capabilities
  • feasibility study
  • creation of organisations
At what percent above the cost price must a shopkeeper mark his goods so that he gains 20% even after giving a discount of 10 % on the marked price ?
  • 25%
  • 30%
  • $$33\frac{1}{3}\% $$
  • $$37\frac{1}{2}\% $$
Entrepreneurship is the incubator of the innovation.
  • True
  • False
______________ provides an integrated administrative framework for small-scale industries at the district level.
  • District Industries Centre (DIC)
  • Chamber of Commerce
  • National Small Industries Corporation (NSIC)
  • None of the above
The Startup India scheme was announced on _________.
  • 26th Jan 2015
  • 15th Aug 2015
  • 8th Nov. 2016
  • None of the above
____________ institute helps SSI to process imported raw materials.
  • NSIC
  • DIC
  • Both
  • None of the above
How is maintaining quality the weakest point for small businesses?
  • They concentrate on cutting the cost and keeping the prices low
  • They do not have adequate resources to invest in quality research and maintain the standards of the industry
  • They do not have the expertise to upgrade technology
  • All of the above
Which of the following can be treated as trait of entrepreneur?
I. He is a moderate risk taker
II. He possesses divine powers. 
III. He is equivalent to supervisor.
IV. He is innovative
V. He is involved in charitable activities.
VI. He peruses the deviant pursuits.
Select the correct answer from the options given below-
  • I, II, III & VI
  • V, II, I, III & VI
  • IV, VI & I
  • All of the above
X send goods to Y to be sold by Y at his own risk and cost. This is a case of _____________.
  • partnership business
  • limited liability partnership
  • sales
  • joint venture
What is the logical for stages of development in entrepreneurial firm?
(i) Corporate
(ii) Start up
(iii) Established
(iv) Seed stage
(v) Early growth
Select the correct answer from the options given.
  • (i) (ii) (iii) (iv) (v)
  • (v) (iii) (iv) (ii) (i)
  • (iv) (ii) (v) (iii) (i)
  • (v) (iv) (iii) (ii) (i)
The __________ entrepreneur likes the concept that the business gives them a chance to handle everything themselves. They are usually people with lots of energy and exist on the pressure of meeting deadlines, paying bills and of course making payroll.  
  • Hero
  • Healer
  • Superstar
  • Juggler
Which of the following committees has pointed out the weakness in the working of RRBs?
  • The Dantwala Committee
  • Kelkar Committee
  • Khusro Committee
  • All the above
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