MSME and Business Entrepreneurship

1. Laxmi had invested ₹ 1 crore in an MSME and its turnover is less than 5 crore then it is a

• a) Micro Enterprise

• b) Small Enterprise

• c) Medium Enterprise

• d) Large Enterprise

The creation of new firms is important because these new firms contribute to the economic development through benefits that include all of the following EXCEPT:

• a) Increased tax revenues

• b) Product-process innovation

• c) Unemployment

• d) Social betterment

Among which of these statements best describes the context for entrepreneurship?

• a) Entrepreneurship takes place in small businesses.

• b) Entrepreneurship does not takes place in social enterprises.

• c) Entrepreneurship takes place in a wide variety of contexts.

• d) Entrepreneurship takes place in large businesses.

Sadiya set up a unit in Nagpur to manufacture various types of home decorative items.She invested ₹15 crore in plant and machinery.Select which type of enterprise she set up it:-

• a) Medium Enterprise

• b) Small Enterprise

• c) Micro Enterprise

• d) None of these

Startup India is an initiative of Government of India. The campaign was launched on

• a) 8 th November 2016

• b) 16th August 2016

• c) 26th January 2015

• d) 15th June 2017

Many Small scale industries are initiated in Karnataka.To processimported Raw materials, which institute is going to help those SSI :-

• a) NSIC

• b) DIC

• c) Both

• d) None of the above

Which one of the following does not describes the importance of entrepreneurship:

• a) Innovation

• b) Number of new start-ups

• c) Job creation and employment

• d) Bureaucracy

Which of the following is likely to be offered by government of India under Start up Scheme :-

• a) Tax Exemption

• b) Easy registration

• c) No Inspection

• d) All of the above

When your brand NBC gets legal protection and no one else is allowed to use it, then this is called

• a) Copyright

• b) Trademark

• c) Copyright

• d) GI

An Entrepreneur wants to start his business in backward areas. Which values are being shown here?

• a) Services towards backward people.

• b) Helping government in employment generation.

• c) Violating social ethics

• d) Both a and b