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

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

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

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

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

7. Which of the following is organised by individuals?

8. Rural industries are also known as

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

10. 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 ______

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

12. 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.

13. Full form of DIC –

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

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

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

17. Expand EOUs

18. full form of NSIC – 

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

20. Limit of investment in small scale industry is _________