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MCQs on Business Studies Class 11 Chapter 8 - Small Business

By Mohit Yadav Last updated : April 29, 2023

MCQs on Business Studies (CBSE) Class 11 (Chapter 8) Small Business. Practice these multiple-choice questions and answers with explanations to learn, revise, and enhance your skills in Class 11 (Chapter 8) Small Business. All these questions are prepared by experts based on the current NEP exam pattern.

List of Business Studies Class 11 Chapter 8 (Small Business) MCQs

1. Full form of EOUs?

1. Export-oriented unit
2. Export order unit
3. Export order under
4. None of them

Answer: A) Export-oriented unit

Explanation:

Export-oriented unit is the Full form of EOUs.

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2. Which option is organized individuals?

1. Cotton industries
2. Cottage industries
3. Railway industries
4. None of them

Answer: B) Cottage industries

Explanation:

Cottage industries are organized individuals.

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3. Which one is part of a village and a small-scale business?

1. Handlooms
2. Handicrafts
3. Sericulture
4. All of these

Answer: D) All of these

Explanation:

Handloom, handicraft & sericulture is part of a village and a small-scale business.

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4. What is the limit of investment in a small-scale business?

1. One crore
2. Two crores
3. Three crores
4. Four crores

Answer: B) One crore

Explanation:

One crore is the limit of investment in a small-scale business.

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5. Which industry is also known as the rural industry and Traditional industry?

1. Cotton industries
2. Cottage industries
3. Railway industries
4. None of them

Answer: B) Cotton industries

Explanation:

The cottage industries industry is also known as the rural industry and Traditional industry.

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6. Which option comes under Modern small industries?

1. Powerlooms
2. Khadi
3. Handcrafted
4. None of these

Answer: A) Powerlooms

Explanation:

Powerlooms come under Modern small industries.

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7. What is the full form of MSME?

1. Micro, small, and medium enterprises
2. Medium, small medium electronic
3. Medium, strong, and medium enterprises
4. None of these

Answer: A) Micro, small, and medium enterprises

Explanation:

Micro, small, and medium enterprises is the full form of MSME.

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8. How much percentage of GDP do MSMEs contribute?

1. 29.5
2. 29.6
3. 29.7
4. 29.8

Answer: C) 29.7

Explanation:

29.7 percent of GDP do MSMEs contribute.

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9. How many subgroups does the MSME sector in India consist of?

1. 5
2. 6
3. 7
4. 8

Answer: D) 8

Explanation:

subgroups do the MSME sector in India consist of 8.

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10. Small Enterprises should have at least Rs ____ turnover annually.

1. 50 crores
2. 100 crores
3. 1.5 crores
4. 10 lakh

Answer: A) 50 crores

Explanation:

Small Enterprises should have at least Rs 50 crores turnover annually.

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11. What is the full form of SSI?

1. Small-scale industries
2. Small saloon industries
3. Scalable small industries
4. None of these

Answer: A) Small-scale industries

Explanation:

Small-scale industries are the full form of SSI.

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12. What are the major issues faced by small-scale businesses?

1. Raw material
2. Finance
3. Managerial skills
4. All of the above

Answer: D) All of the above

Explanation:

Raw material, Finance & Managerial skills are the major issues faced by small-scale businesses.

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