Small Business MCQ Questions for Class 11 Business Studies Chapter 9 with Answers

We have completed the NCERT/CBSE chapter-wise Multiple Choice Questions for Class 11 Business Studies book Chapter 9 Small Business with Answers by expert subject teacher for latest syllabus and examination. You can Prepare effectively for the exam, Taking the help of the Class 11 Business Studies Objective Questions PDF free of cost from here. Students can take a free test of the Multiple Choice Questions of Small Business. Each Questions has four options followed by the right answer. Download the Business Studies Quiz Questions with Answers for Class 11 free Pdf and prepare to exam and help students understand the concept very well.

MCQ Questions for Class 11 Business Studies with Answers

Q1. ISO 9000 is concerned with

(i) Export
(ii) Quantity
(iii) Quality
(iv) Import

(iii) Quality

Q2. Exemption from paying taxes for 5 ot 10 years is known as

(i) Tax Deduction
(ii) TDS
(iii) Value Added Tax
(iv) Tax Holiday

(iv) Tax Holiday

Q3. India has of small business undertakings:

(i) 95
(ii) 92
(iii) 90
(iv) 94.

(i) 95

Q4. Which of the following is organised by individuals?

(i) Cottage Industries
(ii) Railway industry
(iii) None of these
(iv) Chemical industry

(i) Cottage Industries

Q5. Large investment is made in fixed assets, the project will be termed as

(i) Capital Intensive.
(ii) Labour Intensive.
(iii) Product Intensive.
(iv) Market Intensive.

(i) Capital Intensive.

Q6. NSIC was setup in

(i) 1982
(ii) 1975
(iii) 1965
(iv) 1955

(iv) 1955

Q7. When did India globally become the 7th largest vehicle manufacturer?

(i) 2007
(ii) 2008
(iii) 2009
(iv) 2010

(iii) 2009

Q8. Investment limit in small business:

(i) 20 lakh
(ii) 25 lakh
(iii) 10 lakh
(iv) 2 lakh.

(ii) 25 lakh

Q9. Which of the following is part of ?Village and Small Industries Sector??

(i) Handicrafts
(ii) Sericulture
(iii) Handlooms
(iv) All of these

(iv) All of these

Q10. All of the following represent countries in which the highest level of entrepreneurial activity was found EXCEPT:

(i) Australia
(ii) Korea
(iii) Norway
(iv) Japan

(iv) Japan

Q11. Small scale industries owned and managed by women entrepreneurs have a share capital of not less than

(i) 20 percent
(ii) 51 percent
(iii) 25 percent
(iv) 50 percent

(ii) 51 percent

Q12. Any industry located in a rural area which produces any goods, renders any service with or without the use of power is known as

(i) City Industry
(ii) Town Industry
(iii) Village Industry
(iv) District Industry

(iii) Village Industry

Q13. Which is not the characteristics of small business:

(i) Unlimited work scope
(ii) Free management
(iii) Priority of workers
(iv) Limited investment.

(i) Unlimited work scope

Q14. Limit of investment in small scale industry is

(i) one crore
(ii) two crore
(iii) five crore
(iv) Ten crore

(i) one crore

Q15. All of the following are popular demographic factors about entrepreneurs that have been studied EXCEPT:

(i) Self-confidence
(ii) Gender
(iii) Education
(iv) Family birth order

(i) Self-confidence

Q16. Which of the following is part of the small-scale sector?

(i) Paper Products and Printing
(ii) Food Products
(iii) Cotton Textiles
(iv) All of the above

(iv) All of the above

Q17. Expand KVIC

(i) Khadi and Village Industries Commission
(ii) Khadi and Village industires core
(iii) King of Village Industries Commission
(iv) King of Village Investment culture

(i) Khadi and Village Industries Commission

Q18. In India which norm is not used for the measurement of business units :

(i) Number of person engaged in the business
(ii) Capital investment in the business
(iii) Quantity of production
(iv) Number of educated people in the business

(iv) Number of educated people in the business

Q19. Which of the following comes under the Modern Small Industries?

(i) Coir
(ii) Handicrafts
(iii) Khadi
(iv) Powerlooms

(iv) Powerlooms

Q20. Micro enterprises are those whose investment in plant and machinery does not exceed rupees

(i) 5 Lakh
(ii) 3 Lakh
(iii) 1 Lakh
(iv) 2 Lakh

(iii) 1 Lakh

Q21. Which of the following is the main problem for small businesses?

(i) Raw material
(ii) Finance
(iii) Managerial skill
(iv) All of the above

(iv) All of the above

Q22. Expand SIDBI

(i) Society Industrial development bank of India
(ii) Small industries development bank of India
(iii) Super Industrial development bank of India
(iv) Small Indian Development bank of India

(ii) Small industries development bank of India

Q23. NABARD was established in the year:

(i) 1982
(ii) 1985
(iii) 1984
(iv) 1986.

(i) 1982

Q24. External links may provide incentives to:

(i) Raise finance
(ii) Introduce new working practices
(iii) Introduce improvements to products
(iv) Attend business exhibitions

(iii) Introduce improvements to products

Q25. Which of the following is organised by individuals?

(i) Cottage Industries
(ii) Chemical industry
(iii) Railway industry
(iv) None of the above

(i) Cottage Industries

Q26. Expand EOUs

(i) Essential Operating units
(ii) Export Oriented units
(iii) Export Order Units
(iv) Essential order units

(ii) Export Oriented units

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MCQ Questions for Class 11 Business Studies with Answers

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