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MSME

Total questions: 65

Worksheet time: 49mins

Name
Class
Date
1.

MSME stands for ......

a)

Medium Small and Micro Enterprises

b)

Modern Small and Medium Enterprises

c)

Micro Small and Modern Entreprises

d)

Mico Small and Medium Enterprises

2.

SSI Units means ......

a)

Social Science Industrial Units

b)

Small and Social Industrial Units

c)

Small and Service Industrial Units

d)

Small Scale Industrial Units

3.

MSME DI means......

a)

MSME Department Institute

b)

MSME Department Industries

c)

MSME Development Institute

d)

MSME Defece Institute

4.

MSME Development Act was passed in the year .....

a)

1956

b)

1977

c)

2010

d)

2006

5.

The new and composite definition of MSMEannounce recently would become effective from ......

a)

01-07-2017

b)

01-07-2020

c)

01-01-2020

d)

01-01-2017

6.

A Micro Enterprise means an enterprice with investment in plant and machinery is upto ........ and annual turn over is upto .......

a)

25 lakhs investment and 5 Crore turn over

b)

1crore investment and 50 crore turn over

c)

1 crore investment and 5 crore turn over

d)

10 crore investment and 50 crore turn over

7.

For a Small Industries, the investment limit and turn over limit are ........ and ....... respectively

a)

5 Crore and 50 Crore

b)

10 Crore and 50 Crore

c)

2 Crore and 20 Crore

d)

20 Crore and 100 Crore

8.

For Medium enterprises, the limit of investment in Plant and Machinery is up to ....... and annual turn over limit is up to ......

a)

20 Crore and 100 Crore but chnged to 50 Crore and 250 Crore

b)

20 Crore and 200 Crore

c)

50 Crore and 100 Crore

d)

5 Crore and 50 Crore

9.

which of the following are the features of new definition of MSME

a)

No bifurcation between manufacturing and service industries

b)

Composite definition with Investment limit and turn over limit

c)

Both of them

d)

None of them

10.

Units providing inputs and spares parts to large scale units are called as......

a)

Input Units

b)

Spare Parts Units

c)

Macor Units

d)

Ancillary Units

11.

To be called as an Ancillary Unit, it need to supply at least ......% of its annual production to other enterprises.

a)

30%

b)

50%

c)

75%

d)

100%

12.

Export Oriented units are required to export at least .....% of its annual production

a)

30%

b)

50%

c)

75%

d)

100%

13.

which of the following is NOT a feature of MSME Units

a)

mostly based on indigenous technology

b)

can be started without much legal formalities

c)

highly flexible

d)

long gestation period

14.

Identfy the ODD one based on the features of MSME

a)

largilly localised

b)

mostly run by individuals

c)

largilly capital intensive industries

d)

free from red tapism

15.

which of the following is NOT a limitation of MSME

a)

shortage of fund

b)

lack of technology

c)

faces high competion

d)

enjoys government patronage

16.

which of the following is NOT an advantage of MSME

a)

creates employment opportunities

b)

better control and supervision

c)

uses locally available resouces

d)

deponds on foreign investment

17.

which of the following satisfies the Objective of forming MSME units

a)

balanced regional development

b)

equitable distribution of national income and welath

c)

backward area development

d)

self employemnt

e)

All of the above

18.

"Sky is the limit for small industries". This famous quote was delivered by ........

a)

Rabindra Nath Tagore

b)

William Blacke

c)

Lord Mount Baton

d)

Jawahar Lal Nehru

19.

Gandhiji equated Khadhi industries to the .........

a)

Moon of the Village Solar System

b)

Earth of the Village Solar System

c)

Sun of the Village Solar System

d)

All of the above

20.

which of the following is NOT a point of importance of MSME

a)

Economical use of capital

b)

Helps to increase standard of living

c)

Promotion of Exports and increasing foreign exchange earnings

d)

higher depodancy of foreign capital and foreign technology

e)

facilitates for the development of large scale enterprises through ancillary units

21.

select the ODD one inrespect of the probelms of MSMEs

a)

Under utilisation of installed capacity

b)

Problems in the Marketing and Higher Production Cost

c)

Lack of modern technical know-how

d)

Lack of managerial efficiency and low productivity

e)

Enhanced support and assistance from the Government

22.

Salient feature of MSME Development Act does NOT include .......

a)

Classification of units into Micro,Small and Medium enterprises

b)

Clear definition to the Micro,Small and Medium enterprises

c)

Objective is for the pormotion and development of MSMEs with schemes, programmes , incentives and subsidies

d)

Provides for the establishment of National Board for MSME for advising the government in policy matters

e)

Provides for the creation of Insolvancy and Bankruptcy Courts

23.

Before the announcemnt of changed definition in the year 2020, MSME units were classified in to ....... and had different limits for investment

a)

Mining Enterprises and Extraction Enterprises

b)

Financing Enterprises and Production Enterprises

c)

Manufacturing Enterprises and Service Enterprices

d)

Service Enterprises and Financial Enterprises

24.

CGTMSE stands for......

a)

Credit Guarantee Fund for Technical support of Micro and Small Enterprises

b)

Credit Guarantee Fund Trust for Micro and Small Enterprises

c)

Credit Guarantee Fund Trust for Medium and Small Enterprises

d)

Credit Guarantee Fund Trust for Micro, Small and Medium Enterprises

25.

CGTMSE was launched in the year .....

a)

2020

b)

2010

c)

2000

d)

2006

26.

The objective of CGTMSE is to .........

a)

Grant long term credit to MSME units

b)

Grant long term credit to Micro and Small Enterprises

c)

Give credit guarantee to financial institions that provided loans to MSEs

d)

Give working capital fund to MSMEs

27.

which of the following is NOT an alternate name for Industrial Estates

a)

Industrial Zone

b)

Industrial City

c)

Industrial Park

d)

Industrial Room

e)

Industrial Area

28.

which of the following NOT applicable to Industrial Estates

a)

Planned clustering of industrial enterprises

b)

group of factories constructed on economical scale

c)

Site developed by adhering to the standards and formalities

d)

Site where utilities and power are not availble

29.

which of the following is NOT an objective of Industrial Estates

a)

Decentalised industrial development

b)

Provision of infrastructure and accomodation to entrepreneurs

c)

Encourage the development of MSME units

d)

Encourage ancillary and mutual supporting units

e)

Convert farm land into indutrial places

30.

The first industrial estate in India was established in 1955 at ........

a)

Bombay

b)

Calcutta

c)

Rajkot

d)

Delhi

31.

multi-storey buildings constructed in big cities to provide space to entrepreneurs are called as.....

a)

Metro Estates

b)

City Estates

c)

Flatted Factory Estates

d)

Blacked Factory Estates

32.

Which of the following is NOT an example for Functional Industrial Estates

a)

Techno Park

b)

Food Park

c)

KINFRA Park

d)

Electronic Park

33.

The general purpose industrial estates, where accomodation to all types of units can be started are also called as .....

a)

Composite Industrial Estates

b)

Conventional Industrial Estates

c)

Both of the above

d)

Noneof the above

34.

which of the following is NOT a benefit of industrial estates

a)

entrepreneurial development and mutal co-operation

b)

economies of scale and external economies

c)

low investment and less risk

d)

High cost for space and high degree of effort and time required

35.

which of the foloowing is NOT a feature of Single Window Clearence system

a)

Application submitted to DIC is sufficient

b)

Require to submit seperate application to all authorities seperately

c)

Representatives of all the departments will meet at DIC to decide on the aplication for license and permits

d)

entrepreneur will get the information of the license or permits through the DIC

36.

Green Channel System is ......

a)

the predecessor of Sigle Window Clearance

b)

the Successor of Single Window Clearance

c)

Both of them are correct

d)

None of them are correct

37.

In Kerala, the online facility for Single Window Clearance is called as.....

a)

K-SWCF

b)

K-SWCP

c)

K-SWIFT

d)

K-SWBF

38.

In Kerala, the Single Window Clearance Board is functionng at .......

a)

State Level

b)

District Level

c)

Industrial Park / Estate Level

d)

All of the above

39.

In Kerala, the Single Window Clearance was introduced in the year .......

a)

1956

b)

2000

c)

2020

d)

2010

40.

At District Level , the Single Window Clearance Board will be chaired by ......

a)

Member of Parliament

b)

District Collector

c)

MLA

d)

None of the above

41.

The finacial arrangent provided to entrepreneurs to cover up the financial requirement for the period between sanctioning of loan by the bank and its actual receipt , is called .........

a)

Gap Funding

b)

Bridge Finance

c)

Loan Capital

d)

Seed Capital

42.

A 'budding entrepreneur' means ......

a)

a business man who turned to agriculture activities

b)

a business man who buds the plants in his estate

c)

an existing busniess man with new expansion plan

d)

a first-time business aspirant with a profitable business idea

43.

The initial capital required to be contributed by the entrepreneur as promoters contribution for obtaining loans from banks and nurture their business is called ......

a)

Cash Capital

b)

Self Capital

c)

Seed Capital

d)

Beed Capital

44.

Seed Capital assistance means .....

a)

soft loans to the budding entrepreneurs

b)

soft loans to avail institutional credit

c)

soft loan to meet a portion of margin money required

d)

All of the above

45.

Sick Industrial Companies Act was passed in the year .....

a)

1956

b)

1985

c)

1975

d)

1965

46.

which of the following is NOT a feature of Sick Units as per the SICA (Sick Industrial Companies Act)

a)

accumulated losses equal to or exceeding its entire networth

b)

suffered cash loss in the preceeding financial year

c)

has unissued equity capital

d)

imbalanced finacial structure and default in debt repayments

47.

Internal causes of industrial sickness does NOT include ......

a)

Defective Capital structure and mismanagemnt of funds

b)

Wrong location and poor marketing efforts

c)

Poor management and Labour Problems

d)

Government regulations and heavy tax structure

e)

Under utilisation of capacity and labour problems

48.

which of the following is NOT an external cause of industrial sickness

a)

high competition and change in technology

b)

poor quality of products and services

c)

poor insfrastructure facilities and support systems

d)

incapacity to procure credit and delay in getting loans

49.

BIFR stands for .....

a)

Bank for Industrial Finance and Revival

b)

Board of Industrial and Financial Reconstruction

c)

Bank of Industtrial and Finacial Reconstruction

d)

Board of Industrial Finance and Revival

50.

what is IRCI

a)

Industrial Revival Company of India

b)

Industrial Reconstruction Company of India

c)

Industrial Reconstruction Corporation of India

d)

Investment Reconstruction Corporation of India

51.

which is the correct sequence in respect of IRCI's change of name

a)

IRCI then IIBI and then IRBI

b)

IRCI then IRBI and then IIBI

c)

IRBI then IIBI and then IRCI

d)

IIBI then IRBI and then IRCI

52.

what is the status of IRCI/IRBI/IIBI at present

a)

get dissolved and no more exists

b)

is active now as IIBI

c)

is changed its name to IBII

d)

None of the above

53.

What is the status of BIFR now

a)

dissolved and no more exist

b)

still active and performs

c)

changed its name to BIIR

d)

None of the above

54.

SFC stands for ....

a)

Small Financial Corporation

b)

Small Financial Capital

c)

State Financial Corporations

d)

None of the above

55.

TCO stands for ....

a)

Telecomminication Company Organsation

b)

Technology Capital Outsourcing

c)

Technical Capacity Organisation

d)

Technical Consultancy Organisation

56.

UAN stands for......

a)

Universal Account Number

b)

Udhayog Aadhar Nomination

c)

Universal Aadhar Number

d)

Udhyog Aadhar Number

57.

UAN consists of ...... digits

a)

10

b)

15

c)

12

d)

11

58.

UAM stands for ........

a)

Udhyog Aadhar Member

b)

Udhyog Aadhar Machine

c)

Udhyog Aadhar Mobile

d)

Udhyog Aadhar Memorandum

59.

Which is NOT true about UAN registration

a)

Entrepreneur should provide his Aadhar number for registration

b)

Entrepreneur can register many MSME units under his Aadhar

c)

It is an online facility based on self certification basis

d)

One person can register for ony one MSME unit

60.

The URL of official portal for MSMEregistration now is ......

a)

msmeregitration.gov.un

b)

udhyogregistration.gov.in

c)

udayamregistration.gov.in

d)

udyam.gov.in

61.

which of the following is NOT a benefit of Udhyog Aadhar registration

a)

require for getting incentives and subsidies

b)

requires for Registration under Direct and Indirect Tax laws

c)

requires for getting tax concessions and excemptions

d)

requires for obtaining power supply, space in the Industrial estates

e)

requires for earning maximum profit and maximum productivity

62.

which of the following is NOT a remedial measure for industrial sickness

a)

Announcement of Sick industries policy from time to time

b)

Sick Industrial Companies ( Special Provisions) Act

c)

Establisment of EXIM Bank

d)

Establishment of BIFR

63.

Udhyog Aadhaar Number is now called as .....

a)

Udyam Aadhar Number

b)

Universal Aadhar Number

c)

Underwriting Agents Number

d)

None of the above

64.

Seed Capital Assistance is also called as ......

a)

Plant Capital Assistance

b)

Tree Capital Assistance

c)

Beed Capital Assistance

d)

Margin Money Assistance

65.

CGTMSE scheme is not applicable to which of the following Service Sectors

a)

MSEs engaged in the service sector of Educational Institutions

b)

MSEs engaged in the service sector of SHG( Self HelpGroup)

c)

MSEs engaged in the service sector of Training Institutions

d)

All of the above