MSME

MSME

11th Grade

20 Qs

quiz-placeholder

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MSME

MSME

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

jaisen p joy

Used 2+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What does MSME stand for?

Micro, Small, and Medium Enterprises

Major, Small, and Medium Enterprises

Micro, Small, and Mega Enterprises

Medium, Small, and Mega Enterprises

2.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What is the maximum turnover for a micro enterprise in India?

₹10 crore

₹5 crore

₹50 crore

₹1 crore

3.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Which Act governs MSMEs in India?

MSMED Act, 2006

Companies Act, 2013

Industrial Development Act, 1991

Entrepreneur Act, 2005

4.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Which of the following is a characteristic of cottage industries?

High capital investment

Use of sophisticated technology

Organized by individuals with private resources

Dependent on imported raw materials

5.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What is the percentage share of micro enterprises among MSMEs?

50%

99.4%

0.52%

90%

6.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What is one major problem faced by small businesses?

Abundant financial resources

Lack of managerial skills

Excess demand

High bargaining power

7.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Which of the following is NOT a role of MSMEs?

Balanced regional development

Dependence on imported technology

Employment generation

Low-cost production

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