Business Setup

Q.

Agriculture and commerce are state subjects. But still, we have ministers of agriculture and commerce in the Union Cabinet, because ______.

Q.

State the limitations of departmental stores.

Q.

What are the types of rural development?

Q.

A tiny enterprise is defined as a business enterprise whose investment in plant and machinery does not exceed ____.

1. 1 lakh

2. 25 lakhs

3. 35 lakhs

4. 5 lakhs

Q.

What is the maximum limit of investment for small business enterprises?

Q.

Discuss the problems faced by small scale industries.

Q.

Which Is the Main Production Activity in Villages Across India?

1. Fishing

2. Farming

3. Transporation

4. None of these

Q.

The capital investment in a small scale industry is :

1. 10 lakhs

2. One crore

3. Rs 50, 000

4. 25 lakhs

Q.

On the basis of capital contribution, identify the type of SSI from the following:

a) Capital contribution on plant and machinery is Rs. 9 lakhs.

b) Capital contribution on plant and machinery is Rs. 7.5 crores.

c) Capital contribution on plant and machinery is Rs. 26, 50, 000.

Q.

What different parameters are used to measure the size of manufacturing business?

Q. A small scale industrial unit is one which has investment upto:

1. 2 crore
2. 50 lakh
3. 20 lakh
4. 1 crore

Q.

Highlight the benefits of a saree shop running successfully as a small business and earning more customers.

1. Huge variety of sarees

2. Customisation

3. Discounts and offers

4. Pay back later option

Q.

In the case of Chandra, we saw she incurred very high production costs using handloom as compared to the mechanized powerloom. Apart from the costs, which of the following factor(s) are impacted due to outdated technology?

1. Productivity

2. Managerial skill

3. Competency

4. None of the above

Q. Long answer type questions.

Define sales promotion. Explain role of sales promotion.

Q.

Women enterprises are defined as business enterprises whose investment in plant and machinery does not exceed ____.

1. 1 crore

2. Any of the above

3. 25 lakhs

4. 20 lakhs

Q.

Chandra, the handloom textile outlet owner, incurs Rs. 800 per meter for handloom fabric. Her competitors, however, on an average incur only Rs. 50 per meter. Which is the major factor contributing to the high cost incurred by Chandra?

1. Marketing

2. Procurement of yarn

3. Labour

4. Technology

Q. Write short notes of the following.

Infrastructure problems of small business.

Q.

The _____ provides central assistance for the promotion and development of small scale industries in India.

1. Ministry of Current Affairs

2. Ministry of Traditional Industries

3. Ministry of Agricultural Industries

4. Ministry of MSME

Q.

Setup of a small business in India involves a simple procedure which saves a lot of time.

1. True

2. False

Q.

Lack of ___ leads to a loop of other problems such as using outdated technology, hiring unskilled labour, and procuring low quality raw materials.

1. Marketing

2. Finance

3. Global competition

4. Credit history

Q.

What are the different types of service providing enterprises?

Q.

Which of the following is a part of villages and small business sector?

1. Sericulture

2. Handloom

3. Handicraft

4. All of the above

Q. __________ is the only International Non-Governmental Organisation of micro, small and medium enterprises based in India, which set up an International Committee for Rural Industrialization.

1. SFURTI
2. WASME
3. NCEUS
4. RWED

Q.

Requirement of skilled and ___ workers and managerial staff is also needed to carry on the work.

Q. What is the role of small-scale business in rural India?

Q. Micro, Small and Medium Enterprises play an important role in a country's economic and industrial development that is ____________.
(1)they have the capacity to absorb skilled and unskilled labour available in the country.
(2)such institutions provide lots of employment and allow income to get concentrated in few hands or in few areas.
(3)they help in eradication of poverty by providing self-employment opportunities.
Select the most appropriate:

1. Only (1)
2. Only (2)
3. Only (3)
4. Only (1) and (3)

Q. Selling expenses in monopolistic include ______________.

1. advertisement
2. discounts
3. input Cost
4. Both a & b

Q. The MSME provides central assistance for the promotion and development of small scale industries in India.

1. False
2. True

Q. According to Section 7 of Micro, Small and Medium Enterprises Development Act, 2006, in the case of industry specified in the First Schedule to the Industries (Development and Regulation) Act, 1951 where investment in plant & machinery does not exceed Rs 25 lakh are classified as _________.

1. large industry
2. medium enterprise
3. micro enterprise
4. small enterprise

Q.

Chandra's textile company, after a few months of operating, started to face a lot of attrition. What can be the reason(s) for this?

1. Labour

2. Finance

3. Technology

4. Quality of output