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Small business

Total questions: 25

Worksheet time: 17mins

Name
Class
Date
1.

Which of the followings comes under the modern small industries.

a)

(a) coir

b)

(b) power looms

c)

(c ) handicrafts

d)

(d) khadi

2.

------- is defined as one in which the investment in plant and machinery

does not exceed Rs. 1 crore.

a)

(a) MICRO ENTERPRISES

b)

(b) SMALL ENTERPRISES

c)

(c ) MEDIUM ENTERPRISES

d)

(d) none of these.

3.

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

4.

The investment in fixed asset of this type of business do not exceed than Rs.10 Crore.

a)

Small Enterprises

b)

Medium Enterprises

c)

Micro Business

d)

Village Industries

5.

IPR stands for

a)

a. intelligent person rights

b)

b. intellectual Property Rights

c)

c. internal Property rights

d)

d. International Property Rights

6.

The Startup India campaign was announced on

a)

a. 15th August 2017

b)

b. 15th August 2015

c)

c. 15th August 2016

d)

d. 15th August 2014

7.

Which of the followings comes under the modern small industries.

a)

coir

b)

power looms

c)

handicrafts

d)

khadi

8.
This is a proposal that describes a new business.
a)
Business Plan
b)
Blueprint
c)
Venture
d)
Opportunity
9.
An individual who undertakes the risk associated with creating, organizing, and owning a business.
a)
Entrepreneurship
b)
Entrepreneur
c)
Venture
10.
The process of starting & operating one's own business.
a)
Entrepreneurship
b)
Entrepreneur
c)
Venture
11.
When you go into business for yourself, there's a chance of damage or loss.  This is known as....
a)
opportunity
b)
venture
c)
business
d)
risk
12.
A business undertaking involving risk.
a)
venture
b)
adventure
c)
opportunity
13.
Who can own a small business?
a)
Only a college graduate
b)
Anyone
c)
Only someone with a lot of money
d)
Only smart people
14.
What goods and/or services do small businesses provide? 
a)
Personal services
b)
Professional services
c)
Ready to eat food
d)
All of these and more
15.
Many small businesses have an advantage over larger businesses because they are better able to _____
a)
Provide unique services to customers
b)
Market their products
c)
Raise large amounts of financial capital
d)
Mass produce products
16.

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

17.
Entrepreneurship is the process of starting, organizing, managing, and assuming the responsibility for a business.
a)
True
b)
False
18.

Which of the following would be an example of revenue for a business?

a)

Paying rent

b)

Selling a product

c)

Paying for utilities

d)

Buying supplies to make your product

19.

Which of the following would be an example of an expense for a business?

a)

Paying staff wages

b)

Selling a product

c)

Renting an apartment to your tenant

d)

Collecting interest on an investment

20.

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

21.

To protect a process,method or innovation one gets:

a)

Copy right

b)

Patent

c)

Trade mark

d)

None of the above

22.
Which of the following is not a common reason for the failure of small businesses?
a)
A lack of sufficient start-up money
b)
Lack of management experience
c)
Shortage of skilled workers
d)
failure to manage credit offered to customers
23.
ALL entrepreneurs have a college degree.
a)
True
b)
False
24.
A symbol or other design adopted by an organization to identify its products, uniform, vehicles, etc.
a)
Logo
b)
Copyright
c)
Trademark
d)
Slogan
25.

Which is a key trait of an entrepreneur?

a)

Flexibility

b)

Risk Taking

c)

Creative Thinking

d)

All of the above

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