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

Check the below Online Education NCERT MCQ Questions for Class 11 Business Studies Chapter 9 Small Business with Answers Pdf free download. MCQ Questions for Class 11 Business Studies with Answers were prepared based on the latest exam pattern. We have provided Small Business Class 11 Business Studies MCQs Questions with Answers to help students understand the concept very well.

Online Education for Small Business Class 11 MCQs Questions with Answers

Small Business Class 11 MCQ Chapter 9  Question 1.
Expand EOUs
(a) Essential Operating units
(b) Export Order Units
(c) Export Oriented units
(d) Essential order units

Answer

Answer: (c) Export Oriented units


MCQ Questions For Class 11 Business Studies Chapter 9 Question 2.
Which of the following is organised by individuals?
(a) Cottage Industries
(b) Railway industry
(c) None of these
(d) Chemical industry

Answer

Answer: (a) Cottage Industries


MCQ On Small Scale Industries Chapter 9 Question 3.
Any industry located in a rural area which produces any goods, renders any service with or without the use of power is known as ________
(a) City Industry
(b) Town Industry
(c) Village Industry
(d) District Industry

Answer

Answer: (c) Village Industry


Small Scale Industries MCQ Chapter 9 Question 4.
A small scale serivce and business enterprise is one whose investment in fixed assets of plant and machinery excluding land and building does not exceed ______
(a) Rs.25 Lakhs
(b) Rs.30 Lakhs
(c) Rs.10 Lakhs
(d) Rs.15 Lakhs

Answer

Answer: (c) Rs.10 Lakhs


Small Business MCQ Chapter 9 Question 5.
The small scale industry can enjoy the status of _______ unit if it exports more than 50% of its production.
(a) Domestic unit
(b) Export Oriented units
(c) Small scale unit
(d) Import oriented units

Answer

Answer: (b) Export Oriented units


Question 6.
_____ is defined as one in which the investment in fixed assets of plant and machinery does not exceed rupees one crore.
(a) Limited Companies
(b) None of these
(c) Small Scale Industry
(d) Large Scale industry

Answer

Answer: (c) Small Scale Industry


Question 7.
Which of the following is part of ?Village and Small Industries Sector??
(a) Handicrafts
(b) Sericulture
(c) Handlooms
(d) All of these

Answer

Answer: (d) All of these


Question 8.
In India, the ?Village and Small Industries? Sector consists of both traditional and modern small industries. This sector has ___________subgroups.
(a) Eleven
(b) Five
(c) Ten
(d) Eight

Answer

Answer: (d) Eight


Question 9.
Limit of investment in small scale industry is _________
(a) one crore
(b) two crore
(c) five crore
(d) Ten crore

Answer

Answer: (a) one crore


Question 10.
________ are also known as Rural industries or Traditional industries
(a) Food industry
(b) Cottage Industries
(c) None of these
(d) Agricultural industry

Answer

Answer: (b) Cottage Industries


Question 11.
Micro enterprises are those whose investment in plant and machinery does not exceed rupees___
(a) 5 Lakh
(b) 3 Lakh
(c) 1 Lakh
(d) 2 Lakh

Answer

Answer: (c) 1 Lakh


Question 12.
Small scale industries owned and managed by women entrepreneurs have share capital of not less than __________
(a) 25 percent
(b) 50 percent
(c) 51 percent
(d) 20 percent

Answer

Answer: (c) 51 percent


Question 13.
The small scale industry can enjoy the status of ________ if it supplies not less than 50% of its production to another industry, referred to as the parent unit.
(a) Village industries
(b) Micro Business industry
(c) Export oriented unit
(d) Ancillary small industry

Answer

Answer: (d) Ancillary small industry


Question 14.
Which of the following comes under the Modern Small Industries?
(a) Coir
(b) Handicrafts
(c) Khadi
(d) Powerlooms

Answer

Answer: (d) Powerlooms


Question 15.
A tiny unit is defined as an industrial or business enterprise whose investment in plant and machinery is not more than ___________
(a) Rs. 25 Lakhs
(b) Rs.30 Lakhs
(c) Rs.35 Lakhs
(d) Rs.50 Lakhs

Answer

Answer: (a) Rs. 25 Lakhs


One Mark Questions

1. What do you mean by small business?

Answer

Answer: A business which operates on a small scale and required less capital, less labour and less machines is called small business.


2. Give full form of NSIC.

Answer

Answer: National small Industries Corporation (NSIC)


3. Give full form of DIC.

Answer

Answer: District Industries Centre (DIC)


4. What is mining?

Answer

Answer: The process or business of extracting ore or minerals from the ground.


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