Role of Small Business

Q.

___ industries are also known as rural industries or traditional industries.

Q.

Name the institute which provides an integrated administrative framework for small-scale industries at district level.

1. DIC

2. NCEUS

3. NSIC

4. NABARD

Q.

A farmer produces wheat for his own consumption. Will it be a business activity ?

Q.

Which of the following are the objectives of DICs?

1. Identify and help new entrepreneurs

2. Grant financial and other facilities to small units

3. Develop close links with development blocks and specialized institutions providing help to set up industries in rural areas

4. All of the above

Q. Write a short note on World Association for Small and Medium Enterprises (WASME).

Q.

Name the organisation which registers local small-scale industries and maintains their records. Explain any three roles.

Q.

The management of a company has decided to set up its new plant in a rural area to provide employment to local people there and also contribute to the development of that area from the commercial point of view. But its consultants have advised not to set this plant in the rural area. Identify the values ignored in this case by the consultant.

Q. Write short answers of the followings.

What are the basic features of cottage industry?

Q.

Kishan was a sugarcane juice seller in his village. He realizes that, suddenly, his customers were complaining about the taste and some of them even fell sick after having it. Identify the issue Kishan is facing here.

1. Low quality sugarcane

2. Labour

3. Marketing

4. Pricing

Q.

Which of the following highlight the benefit(s) of clusters?

1. Procuring raw material for free of cost

2. Sharing common amenities like internet, training centers

3. Fetching optimum price by collectively selling the output

4. Depends on the numbers of enterprises

Q. The definition of Micro, Small and Medium Enterprises (MSMEs) in India is based on ____________.

1. total sales of the unit
2. investment in machines and equipment
3. market coverage
4. export turnover

Q.

Which of the following are the reasons for financial exclusion of small businesses in India?

1. Lack of credit history

2. Expensive credit

3. Inadequate education

4. All of the above

Q.

___ are groups of enterprises gathered and located in close proximity to produce same or similar products and services.

Q. Which of the following is true in relation to role of small business in rural areas?

1. Cottage and rural industries play an important role in providing employment opportunities in the rural areas
2. All of the above
3. Development of rural and village industries can also prevent migration of rural population to urban areas in search of employment
4. These industries contribute amply to other socio-economic aspects, such as reduction in income inequalities, dispersed development of industries and linkage with other sectors of the economy

Q. By providing employment, small business indirectly aids in poverty alleviation and women empowerment.

1. False
2. True

Q. Select the proper option from the options given below and rewrite the sentence.

Raw material is converted into finished product by ________ industry.

(a) genetic
(b) extractive
(c) manufacturing

Q. Small industries cannot make customised products based on the individual’s preferences and tastes.

1. True
2. False

Q. Small businesses are providers or suppliers of a small variety of products.

1. False
2. True

Q. Long answer type questions.

“Cottage industries must be necessarily rural industries.” Discuss the authenticity of statement.

Q. State with reasons whether the following statements are true or False.

Cottage industries are established only in rural areas.

Q. Select the correct option from the options given below and rewrite the sentences.

We find agro based industry mainly in ________ area.

(a) Rural
(b) Urban
(c) semi Urban

Q. Write a word or phrase or term which can substitute each one of the following statements.

An industry in which mostly operations by hands are involved.

Q. Write a word or phrase or term which can substitute each one of the following statements.

Industry which preserves cultural heritage in form of skillful production.