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Chapter - 9 SMALL BUSINESS

Total questions: 13

Worksheet time: 7mins

Name
Class
Date
1.

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

2.

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

3.

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

4.

IPR stands for

a)

a. intelligent person rights

b)

b. intellectual Property Rights

c)

c. internal Property rights

d)

d. International Property Rights

5.
The process of starting & operating one's own business.
a)
Entrepreneurship
b)
Entrepreneur
c)
Venture
6.
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
7.

Who is an entrepreneur?

a)
A person who is in charge of a specific location.
b)
A person who works for someone else in order to learn skills.
c)
A person who organizes and operates a business or businesses.
d)
None of these
8.

All entrepreneurs have a college degree.

a)
True
b)
False
9.
An individual who undertakes the risk associated with creating, organizing, and owning a business.
a)
Entrepreneurship
b)
Entrepreneur
c)
Venture
10.

To process imported raw materials,which institute help SSI:

a)

NSIC

b)

DIC

c)

BOTH

d)

NONE OF THE ABOVE

11.

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

12.

To protect a process,method or innovation one gets:

a)

Copy right

b)

Patent

c)

Trade mark

d)

None of the above

13.

Manufacturing enterprises are classified under:

a)

Micro small and medium

b)

Micro tiny and small

c)

Small and medium