Class 11 Business Studies MCQ Chapter 9 MSME and Business Entrepreneurship Solutions to each chapter is provided in the list so that you can easily browse through different chapters Class 11 Business Studies MCQ Chapter 9 MSME and Business Entrepreneurship Question Answer and select need one. NCERT Class 11 Business Studies MCQ Chapter 9 MSME and Business Entrepreneurship Solutions Download PDF. AHSEC Class 11 Business Studies Multiple Choice Solutions.
Class 11 Business Studies MCQ Chapter 9 MSME and Business Entrepreneurship
Also, you can read the NCERT book online in these sections Solutions by Expert Teachers as per Central Board of Secondary Education (CBSE) Book guidelines. NCERT Class 11 Business Studies Objective Type Solutions are part of All Subject Solutions. Here we have given AHSEC Class 11 Business Studies Multiple Choice Question and Answer, HS First Year Business Studies MCQ Solutions for All Chapters, You can practice these here.
MSME and Business Entrepreneurship
Chapter: 9
| MCQ |
1. MSME gives full form.
(i) Micro, Small Medium Enterprises.
(ii) Micro, Small Medium Entrepreneurship.
(iii) Macro Small Medium Enterprises.
(iv) Macro, Small Medium Entrepreneurship.
Ans: (i) Micro, Small Medium Enterprises.
2. What is the maximum investment allowed in plants and machinery for Micro Enterprises?
(i) Rs. 1 crore
(ii) Rs. 50 lakh
(iii) Rs. 20 lakh
(iv) Rs. 5 crore
Ans: (i) Rs. 1 crore
3. MSMEs play a significant role in the economic growth and contribute approximately ________ of GDP.
(i) 28.7 percent.
(ii) 27.7 percent.
(iii) 29.7 percent.
(iv) 26.7 percent.
Ans: (iii) 29.7 percent.
4. In which year did the MSMED Act come into force?
(i) 2004
(ii) 2015
(iii) 2006
(iv) 2015
Ans: (iii) 2006
5. MSMEs play a significant role in economic growth and contribute approximately _________ of exports.
(i) 49.66 percent.
(ii) 47.66 percent.
(iii) 45.66 percent.
(iv) 48.66 percent.
Ans: (i) 49.66 percent.
6. What percentage of industrial units in India are MSMEs?
(i) 60%
(ii) 80%
(iii) 95%
(iv) 99%
Ans: (iii) 95%
7. The sector offers employment to nearly ________ million people through enterprises, after the agriculture sector.
(i) 20 million
(ii) 30 million
(iii) 50 million
(iv) 60 million
Ans: (iv) 60 million
8. Which of the following is the role of MSMEs in India’s socio-economic development?
(i) Reducing income inequality.
(ii) Urban industrialisation.
(iii) Import substitution.
(iv) All of the above.
Ans: (i) Reducing income inequality.
9. The sector offers employment to nearly millions of people through ________ million enterprises.
(i) 27.5
(ii) 28.5
(iii) 29.5
(iv) 30.5
Ans: (ii) 28.5
10. From the following which problem was not associated with MSME:
(i) Managerial skills.
(ii) Capacity utilisation.
(iii) Global competition.
(iv) Innovation.
Ans: (iv) Innovation.
11. Which act addresses the definition, credit, marketing, and technology upgradation for MSMEs?
(i) MSME Act, 2004
(ii) MSMED Act, 2006
(iii) Small Industries Act, 2001
(iv) Industrial Policy Act, 1991
Ans: (ii) MSMED Act, 2006
12. Intellectual Property, one can apply to the authority concerned under the Government of India for protection. Legal rights conferred on such products are called?
(i) Intellectual Property Rights.
(ii) Hence Intellectual property.
(iii) Entrepreneurs.
(iv) Traditional Knowledge.
Ans: (i) Intellectual Property Rights.
13. It is not a problem for small Business:
(i) Enterprise.
(ii) Entrepreneurs.
(iii) Sickness.
(iv) Regional balance.
Ans: (iv) Regional balance.
14. What is the contribution of SSIs to India’s total exports?
(i) 30%
(ii) 45%
(iii) 50%
(iv) 55%
Ans: (ii) 45%
15. From the following which is the example of Geographical Indication?
(i) Mizo Chilli.
(ii) Shaphee Lanphee.
(iii) Moirangphee and Chakhesang Shawl.
(iv) All of the above.
Ans: (iv) All of the above.
