Class 11 Small Business CBSE Questions & Answers

Class 11 · Small Business

This is Business Studies class 11 Small Business CBSE Questions & Answers. There are 15 questions in this test with each question having around four answer choices.

Questions & Answers

1
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
    Correct
2
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
    Correct
  • B
    Rs.30 Lakhs
  • C
    Rs.35 Lakhs
  • D
    Rs.50 Lakhs
3
Which of the following is part of ?Village and Small Industries Sector??
  • A
    Handicrafts
  • B
    Sericulture
  • C
    Handlooms
  • D
    All of these
    Correct
4
Which of the following comes under the Modern Small Industries?
  • A
    Coir
  • B
    Handicrafts
  • C
    Khadi
  • D
    Powerlooms
    Correct
5
_____ 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
    Correct
  • D
    Large Scale industry
6
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
    Correct
7
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
    Correct
  • C
    Small scale unit
  • D
    Import oriented units
8
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
    Correct
  • D
    20 percent
9
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
    Correct
  • D
    Rs.15 Lakhs
10
Micro enterprises are those whose investment in plant and machinery does not exceed rupees___
  • A
    5 Lakh
  • B
    3 Lakh
  • C
    1 Lakh
    Correct
  • D
    2 Lakh
11
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
    Correct
  • D
    District Industry
12
________ are also known as Rural industries or Traditional industries
  • A
    Food industry
  • B
    Cottage Industries
    Correct
  • C
    None of these
  • D
    Agricultural industry
13
Which of the following is organised by individuals?
  • A
    Cottage Industries
    Correct
  • B
    Railway industry
  • C
    None of these
  • D
    Chemical industry
14
Limit of investment in small scale industry is _________
  • A
    one crore
    Correct
  • B
    two crore
  • C
    five crore
  • D
    Ten crore
15
Expand EOUs
  • A
    Essential Operating units
  • B
    Export Order Units
  • C
    Export Oriented units
    Correct
  • D
    Essential order units