Challenges of Small Business

Q.

Discuss the problems faced by small scale industries.

Q.

What are the characteristics of small micro and medium enterprises?

Q.

What is a commercial paper ? What are its advantages and limitations ?

Q.

The objective of ISO 9000 family of Quality management is :

1. Skill enhancement

2. Customer satisfaction

3. Employee satisfaction

4. Environmental issues

Q.

Why is adequate finance necessary to start the business ?

Q.

The investment limit in fixed assets of plant and machinery excluding land and building for a small scale service and business (industry related) enterprise is ____.

1. 25 lakhs

2. 1 lakh

3. 5 lakhs

4. 10 lakhs

Q.

Formal source of credit does not include _____?

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List Of The Various Types Of Quality Audits. -

Q.

What is the difference between trade credit and bank credit?

Q.

Which of the following is NOT a problem faced by small businesses in India?

1. Lack of good quality raw materials

2. Lack of labour

3. Lack of finance

4. Lack of technology

Q.

Write any three problems of small business in India

Q.

Majority of the credit needs of the _________________households are met from informal sources.

Q.

Explain any three problems faced by small scale business in India.

Q. How will you treat the following in the calculation of Gross Domestic Product of India? Give reasons for your answer.
(i) Profits earned by a branch of foreign bank in India.
(ii) Salaries of Indian employees working in embassy of Japan in India.
(iii) Salary of residents of Japan working in Indian embassy in Japan.

Q.

India is an agricultural country and major part of the population lives in village. In context to it, what role does small business units play in rural India?

Q.

Explain the merits of Mail Order Houses

Q.

Small scale sector in India faces a lot of problems in its day- to - day functioning. Explain four such problems.

Q.

How does international business provide prospects for higher profits to forms?

Q.

Do you think small business units can survive in a competitive market? Explain any three factors which make way for the scope of small business enterprises.

Q.

Expain in detail the problems faced by the small business?

Q. Long answer type questions.

Explain problems faced by small business.

Q.

Shankar food Industries set up beverages processing plant in the rural area of Haryana and opted for labour intensive technique due to easy availability of labour and to provide employment to local people. He decided to invest 50 lakhs to acquire plant & machinery, Rs. 1 crore to buy land, Rs. 20 Lakhs to buy raw material and Rs. 20 lakhs to maintain day to day expenses. To which category does this industry belong to? What is its investment limit?

1. Small scale industry, 5 crores

2. Small industry, 1 crore

3. Industry related enterprise, no limit

4. Tiny industry, 1 lakh

Q. Long Answer Type Questions
Explain the concept of normal residents.

Q.

Which of the problems does small businesses solve indirectly?

1. Unemployment

2. Poverty alleviation

3. Women empowerment

4. Financial inclusion

Q.

Which are the indirect challenges for small businesses that arise from global competition?

1. Outdated technology

2. Labour

3. Procuring good quality raw materials

4. Marketing

Q. Formal sources of credit does not include.

1. Employers
2. Banks
3. Cooperatives
4. Non of these

Q. Long answer type questions.

Explain any two schemes provided for upgradation of small business in backward and hilly areas.

Q. There is limited access to small industries as there are stringent requirements of quality certification like .

1. ISO 9000
2. ISO 4000
3. ISO 5000
4. ISO 8000

Q.

Access to credit is a challenge for small businesses from both formal and informal sources.

1. True

2. False

Q. What are the different types of loans provided by commercial banks?