Small business and entrepreneurship development Quiz-1

Which of the following points highlight the role of small scale business in the development of the country?

• Promotes Balanced Regional Development

• Low Cost of Production

• Employment generation

• All of the above

Investment limit in equipments for micro service Enterprises is

• 100 crore

• 50 crore

• 500 crore

• 10crore

Answer explanation

10 crore, earlier it was 5 crores but now it has been changed by the government and this chart is applicable from 1st april 2025

Performance and credit rating is implemented by

• District Industries centres

• National Small Industries Corporation

• National bank for Agriculture and Rural Development

• Small industries Development Bank of India

out of the following, which incentive is not given by government to industries in rural, backward and hilly areas?

• Power at concessional rates

• Tax holiday

• Free raw materials

• Loans at concessional interest rates

............. was set up by world association for small and medium enterprises and sponsored by NABARD

• Rural and women entrepreneurship development

• the National Commission for enterprises in the unorganised sector

• Small industries Development Bank of India

• The rural small business development centre

Out of the following which one is not a feature of small business?

• Capital intensive

• Slow decisions

• Both capital intensive and slow decisions

• Low capital investment

In case of ..............investors are individuals with surplus cash who have keen interest to invest in upcoming startups

• Bootstrapping

• Crowd funding

• Angel investment

• Venture capital

As per the ministry of Commerce and industry startup means and entity in corporated or registered in India which is not older than.......... Years

• Two

• Three

• Four

• Five

As per MSMED, 2006, manufacturing Enterprises are defined in terms of investment in ......... mobile service Enterprises are defined in terms of their investment in..............

• Equipment, plant and machinery

• Plant and machinery, Equipment

• Current assets, Fixed assets

• Fixed assets, current assets

Which of the following point highlights the role of small scale business in India

• Contributes to industrialisation and Exports

• Promotes balance regional development

• Employment generation

• All of these