Small Business

Commerce ⇒ Business Studies

Small Business starts at 11 and continues till grade 12. QuestionsToday has an evolving set of questions to continuously challenge students so that their knowledge grows in Small Business. How you perform is determined by your score and the time you take. When you play a quiz, your answers are evaluated in concept instead of actual words and definitions used.

See sample questions for grade 11

Define small business as per the Indian context.

Describe any two problems faced by small businesses in India.

Describe the impact of globalization on small businesses in India.

Explain any two advantages of small businesses.

Explain the difference between 'micro' and 'small' enterprises as per MSMED Act, 2006.

Explain the importance of small businesses in export promotion.

Explain the role of District Industries Centres (DICs) in promoting small businesses.

Explain the role of small businesses in rural development.

Which government body is responsible for the promotion and development of small scale industries in India? (1) SIDBI, (2) RBI, (3) SEBI, (4) IRDAI

Which of the following is a benefit of registering as an MSME in India? (1) Tax exemption, (2) Access to government schemes, (3) Free land, (4) No need for licenses

Which of the following is a challenge for small businesses in India? (1) Easy access to global markets, (2) Lack of marketing skills, (3) Abundant skilled labour, (4) High capital investment

Which of the following is a feature of small businesses? (1) Large capital investment, (2) Direct supervision, (3) International operations, (4) High automation

Fill in the blank: Small businesses are generally labour-________.

Fill in the blank: Small businesses are generally located in ________ areas to utilize local resources.

Fill in the blank: Small businesses contribute about ________ percent to India’s GDP.

Fill in the blank: The full form of MSME is ________.

Is it true that small businesses are important for balanced regional development?

Is it true that small businesses are more flexible in adapting to market changes than large businesses?

State whether the following statement is true or false: Small businesses are less important for the Indian economy than large businesses.

State whether the following statement is true or false: Small businesses in India have a high rate of technology adoption.