Small Business Class 12 MCQs Questions with Answers

1. A tiny unit is defined as an industrial or business enterprise whose investment in plant and machinery is not more than ___________

2. The small scale industry can enjoy the status of _______ unit if it exports more than 50% of its production.

3. The process or business of extracting ore or minerals from the ground is called- 

4. Micro enterprises are those whose investment in plant and machinery does not exceed rupees___

5. Full form of DIC –

6. ________ are also known as Rural industries or Traditional industries

7. Which of the following is organised by individuals?

8. full form of NSIC – 

9. Rural industries are also known as

10. Which of the following is part of village and Small Industries Sector?

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

12. _____ is defined as one in which the investment in fixed assets of plant and machinery does not exceed rupees one crore.

13. In India, the village and Small Industries Sector consists of both traditional and modern small industries. This sector has ___________subgroups.

14. Small scale industries owned and managed by women entrepreneurs have share capital of not less than __________

15. Limit of investment in small scale industry is _________

16. A small scale service and business enterprise is one whose investment in fixed assets of plant and machinery excluding land and building does not exceed ______

17. A business which operates on a small scale and required less capital, less labour and less machines is called –

18. The small scale industry can enjoy the status of ________ if it supplies not less than 50% of its production to another industry, referred to as the parent unit.

19. Which of the following comes under the Modern Small Industries?

20. Expand EOUs