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 12

Define small business as per the MSMED Act, 2006.

Explain the concept of 'ancillary small business'.

Explain the difference between small scale and cottage industries.

Explain the impact of globalisation on small businesses in India.

Explain the importance of small businesses in the Indian economy.

Explain the role of small businesses in balanced regional development.

Explain the role of small businesses in reducing poverty in India.

Explain the term 'village industry'.

Which of the following is a benefit of small businesses to consumers? (1) Mass production, (2) Personalised services, (3) High prices, (4) Limited variety

Which of the following is a challenge faced by small businesses in India? (1) Easy access to finance, (2) Lack of skilled labour, (3) High technology adoption, (4) Large market share

Which of the following is a feature of cottage industries? (1) Use of modern machinery, (2) Large capital investment, (3) Family ownership, (4) Mass production

Which of the following is a government initiative for skill development in small businesses? (1) Skill India Mission, (2) Swachh Bharat Abhiyan, (3) Digital India, (4) Jan Dhan Yojana

Fill in the blank: The investment limit for a micro enterprise in the manufacturing sector is up to ________ crore.

Fill in the blank: The investment limit for a small enterprise in the service sector is up to ________ crore.

Fill in the blank: The Khadi and Village Industries Commission (KVIC) was established in the year ________.

Fill in the blank: The main objective of the Prime Minister’s Employment Generation Programme (PMEGP) is to generate ________ through self-employment.

Is it true that small businesses contribute significantly to employment generation in India?

Small businesses are exempted from certain labour laws to encourage their growth. (True/False)

Small businesses are generally labour-intensive. (True/False)

Small businesses are more flexible in adapting to market changes than large businesses. (True/False)