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MSMEs enterprises

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

Start up India Scheme was announed:

a)

26th Jan 2015

b)

15th Aug 2015

c)

8th Nov 2016

d)

None of the above

2.

What are the Reasons for Developing Small Enterprises in India ?

a)

To generate Large Scale Employment Opportunities

b)

To Eradicate Unemployment Problem

c)

To promote balanced regional development

d)

Equitable distribution of National Wealth & Income.

e)

All of the above

3.

Manufacturing enterprises having Rs 25 lakh Investment in Plant and Machinery is called:

a)

Small Enterprise

b)

Micro Enterprise

c)

Medium Enterprise

d)

None of the above

4.

Service enterprise having Rs 5 crore investment in Plant and Machinery:

a)

Micro Enterprise

b)

Small Enterprise

c)

Medium Enterprise

d)

None of the above

5.

To protect a process,method or innovation one gets:

a)

Copy right

b)

Patent

c)

Trade mark

d)

None of the above

6.

When your brand get legal protection and no one else is allowed to use it,this is called :

a)

Copy right

b)

Patent

c)

Trade Mark

d)

None of the above

7.

A manufacturing enterprise having capital investment in Plant and Machinery upto Rs 25 lakh is called:

a)

Micro Enterprise

b)

Small Enterprise

c)

Medium Enterprise

d)

Large Enterprise

8.

------- is defined as one in which the investment in fixed assets of plant and machinery dies not exceed rs. 1 crore.

a)

(a) small scale industry.

b)

(b) limited company

c)

(c ) large scale industry

d)

(d) none of these.

9.

Full form of MSME is

a)

a. Mini, small and Micro Enterprises

b)

b. Micro, Small and Medium Enterprises

c)

c. micro, Small and Macro enterprises

d)

d. Micro, small and Mini Enterprises

10.

A person who is associated with starting a business is know as

a)

Merchant

b)

Entrepreneur

c)

Salesman

d)

Businessman

11.

A ____ is an invention or creation that is brand new.

a)

Development

b)

Innovation

c)

Imporvement

d)

Advancement

12.

Which of these industries does NOT belong to Manufacturing Sector?

a)

Leather

b)

Food Processing

c)

Gems and Jewellery

d)

Tourism

13.

Which of these industries belongs to the Manufacturing Sector?

a)

eCommerce

b)

Chemicals

c)

Banking

d)

Hospitality

14.

MSME Act was passed in which year?

a)

2006

b)

2012

c)

2016

d)

2018

15.

According to MSME (Amendment) Bill 2018, what is the proposed limit of annual turnover to define Small Enterprise ?

a)

Upto Rs 5 crore

b)

Rs 5 crore to Rs 75 crore

c)

Rs 75 crore to Rs 250 crore

d)

More than Rs 250 crore

16.

A tiny unit is defined as an industrial or business

enterprise whose investment in plant

and machinery is not more than .

a)

(a) 35 lakhs

b)

(b) 50 lakhs

c)

(c ) 30 lakhs

d)

(d) 25 lakhs

17.

Which of the following find is odd with respect of Village and Small

Scale Industry

a)

(a) Handloom

b)

(b) KhadiIndurstries

c)

(c) Sericulture

d)

(d) Farming equipments

18.

Examples of primary activities include...(more than 1 correct answer)

a)

extracting crude oil

b)

manufacturing domestic white goods

c)

waste management

d)

growing crops to process into biofuels

19.

The acronym SME stands for...

a)

Small and Middle Employers

b)

Small and Medium sized Enterprises

c)

Small Micro Entities

d)

Small Middle Employees

20.

A micro sized business employs how many people?

a)

Two people

b)

No more than 50

c)

Less than 10

d)

One person