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Test: Small Business - 2


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20 Questions MCQ Test Business Studies (BST) Class 11 | Test: Small Business - 2

Test: Small Business - 2 for Commerce 2022 is part of Business Studies (BST) Class 11 preparation. The Test: Small Business - 2 questions and answers have been prepared according to the Commerce exam syllabus.The Test: Small Business - 2 MCQs are made for Commerce 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Small Business - 2 below.
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Test: Small Business - 2 - Question 1

Any industry located in a rural area which produces any goods, renders any service with or without the use of power is known as ________

Test: Small Business - 2 - Question 2

________ are also known as Rural industries or Traditional industries

Test: Small Business - 2 - Question 3

Which of the following is organised by individuals?

Test: Small Business - 2 - Question 4

Limit of investment in small scale industry is _________

Detailed Solution for Test: Small Business - 2 - Question 4

Small scale industries are those industries in which the manufacturing, production and rendering of services are done on a small or micro scale. These industries make a one-time investment in machinery, plants, and industries, but it does not exceed Rs 1 Crore.

Test: Small Business - 2 - Question 5

Expand EOUs

Detailed Solution for Test: Small Business - 2 - Question 5

The Export Oriented Units (EOUs) scheme, introduced in early 1981, is complementary to the SEZ scheme. It adopts the same production regime but offers a wide option in locations with reference to factors like source of raw materials, ports of export, hinterland facilities, availability of technological skills, existence of an industrial base and the need for a larger area of land for the project. As on 31st December 2005, 1924 units are in operation under the EOU scheme.

Test: Small Business - 2 - Question 6

The Small Industries Development Organisation (SIDO) is also known as ____

Detailed Solution for Test: Small Business - 2 - Question 6

The Small Industries Development Organisation (SIDO), also known as the Office of the Development Commissioner which is attached to this ministry is responsible for implementing and monitoring of various policies and programmes formulated.

Test: Small Business - 2 - Question 7

Expand DIC

Test: Small Business - 2 - Question 8

Expand KVIC

Test: Small Business - 2 - Question 9

Small industries contribute _______ of gross industrial value

Test: Small Business - 2 - Question 10

Which of the following is part of small scale sector?

Detailed Solution for Test: Small Business - 2 - Question 10

Small scale industries are those industries in which the manufacturing, production and rendering of services are done on a small or micro scale. These industries make a one-time investment in machinery, plants, and industries, but it does not exceed Rs 1 Crore. Paper Products and Printing, Food Products, Cotton Textiles all are part of small scale indudtries.

Test: Small Business - 2 - Question 11

Which of the following is a main problem for small business?

Test: Small Business - 2 - Question 12

ISO 9000 is concerned with

Test: Small Business - 2 - Question 13

Expand NABARD

Test: Small Business - 2 - Question 14

Expand RSBDC

Test: Small Business - 2 - Question 15

NABARD was setup in __________

Test: Small Business - 2 - Question 16

Expand NSIC

Test: Small Business - 2 - Question 17

NSIC was setup in

Test: Small Business - 2 - Question 18

Expand SIDBI

Test: Small Business - 2 - Question 19

The District Industries Centers Programme was launched on

Test: Small Business - 2 - Question 20

Exemption from paying taxes for 5 ot 10 years is known as _________

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