Small Business and Entrepreneurship Development Class 11 MCQ Questions for Business Studies
Small Business and Entrepreneurship Development Class 11 MCQ Questions for Business Studies are covered in this Article. Small Business and Entrepreneurship Development Class 11 MCQ Test contains 30 questions. Answers to MCQs on Small Business and Entrepreneurship Development Class 11 chapter 9 Business Studies are available after clicking on the answer.
| Subject | Business Studies |
| Topic | Small Business and Entrepreneurship Development Class 11 MCQ |
| Category | Business Studies Class 11 MCQs |
These MCQs have been made for Class 11 students to help check the concept you have learnt from detailed classroom sessions and the application of your knowledge.
Small Business and Entrepreneurship Development Class 11 MCQ Business Studies
1. Full form of MSME:
(a) Micro, Small and Medium Enterprises
(b) Micro, Small and Manageable Enterprises
(c) Micro, Strong and Medium Enterprises
(d) Micro, Small and Medium Exchange
Answer
Answer: (a) Micro, Small and Medium Enterprises
2. MSMEs contribute to______percent of GDP:
(a) 25
(b) 50
(c) 29.7
(d) 75
Answer
Answer: (c) 29.7
3. The MSME sector in India consists of how many subgroups:
(a) 19
(b) 10
(c) 8
(d) 5
Answer
Answer: (c) 8
4. Which of the following can be used to measure the size of business units:
(a) Number of persons employed in business
(b) Capital invested in the business
(c) Turnover of business
(d) All of the above
Answer
Answer: (d) All of the above
5. If the investment in an MSME is Rs 1 crore and turnover is less than 5 crores then it is a:
(a) Microenterprise
(b) Small enterprise
(c) Medium enterprise
(d) Large enterprise
Answer
Answer: (a) Micro enterprise
6. Small Enterprises should have annual turnover of at least Rs:
(a) 10 crores
(b) 25 crores
(c) 50 crores
(d) 100 crores
Answer
Answer: (c) 50 crores
7. Full form of SSI:
(a) Small Scale Industries
(b) Small Settle Industries
(c) Small Scale Interchange
(d) Simple Scale Industries
Answer
Answer: (a) Small Scale Industries
8. What is the percentage share of medium enterprises in MSMEs:
(a) 10%
(b) 0.1%
(c) 95%
(d) 0.5%
Answer
Answer: (b) 0.1%
9. Entrepreneurship is a process of:
(a) Purchasing shares of a company
(b) Setting up one’s own business
(c) Working as an employee
(d) All of the above
Answer
Answer: (b) Setting up one’s own business
10. Which of the following is a characteristics entrepreneurship:
(a) Innovation
(b) Risk-taking
(c) Organisation of Production
(d) All of the above
Answer
Answer: (d) All of the above
Small Business and Entrepreneurship Development Class 11 MCQ Business Studies
11. Which of the following is a main problem for small business:
(a) Raw material
(b) Finance
(c) Managerial skill
(d) All of the above
Answer
Answer: (d) All of the above
12. Which of the following are known as rural or traditional industries:
(a) Agriculture industry
(b) Food industry
(c) Cottage industry
(d) None of the above
Answer
Answer: (c) Cottage industry
13. An industry located in a rural area which may/may not use power are known as:
(a) District industry
(b) Town industry
(c) City industry
(d) Village Industry
Answer
Answer: (d) Village Industry
14. _______ was setup in 1982 to promote integrated rural development:
(a) RSBDC
(b) NABARD
(c) RWED
(d) None of the above
Answer
Answer: (b) NABARD
15. Generally, entrepreneurship involves________risk:
(a) Low
(b) No
(c) High
(d) Zero
Answer
Answer: (c) High
16. What if the full form of IPR:
(a) Intellectual Property Rights
(b) Investment Property Rights
(c) Intellectual Propose Rights
(d) Intellectual Property Reserves
Answer
Answer: (a) Intellectual Property Rights
17. _________is a characteristic of entrepreneurship development:
(a) Systematic activity
(b) Less risk
(c) Constant returns
(d) All of the above
Answer
Answer: (a) Systematic activity
18. The owners of IP can______their property to other people:
(a) Rent
(b) Sell
(c) Give
(d) All of the above
Answer
Answer: (d) All of the above
19. Intellectual property is divided into_____broad categories:
(a) 3
(b) 2
(c) 1
(d) 7
Answer
Answer: (b) 2
20. Intellectual property is classified into:
(a) Industrial property
(b) Copyrights
(c) Both of the above
(d) None of the above
Answer
Answer: (c) Both of the above
Small Business and Entrepreneurship Development Class 11 MCQ Business Studies
21. Trademarks comes under_______type of IP:
(a) Industrial
(b) Copyright
(c) Intellectual
(d) None of the above
Answer
Answer: (a) Industrial
22. Industrial designs comes under_______type of IP:
(a) Industrial
(b) Copyright
(c) Intellectual
(d) None of the above
Answer
Answer: (a) Industrial
23. Geographical indications comes under_______type of IP:
(a) Industrial
(b) Copyright
(c) Intellectual
(d) None of the above
Answer
Answer: (a) Industrial
24. Trademarks help to:
(a) Determine the price of a product
(b) Differentiate the goods of one company from another
(c) Determine the manufacturing date of the product
(d) All of the above
Answer
Answer: (b) Differentiate the goods of one company from another
25. Trademarks can be categorised as:
(a) Tangible and Intangible
(b) Conventional and Non conventional
(c) Copyrighted and Non Copyrighted
(d) Outside and Inside
Answer
Answer: (b) Conventional and Non conventional
26. Conventional trademarks include:
(a) Words
(b) Label
(c) Logo
(d) All of these
Answer
Answer: (d) All of these
27. Non Conventional trademarks include:
(a) Sound mark
(b) Dynamic mark
(c) Both of these
(d) None of these
Answer
Answer: (c) Both of these
28. Registration of trademarks is mandatory under the:
(a) Trademark Act 1999
(b) RBI
(c) Fssai
(d) SEBI
Answer
Answer: (a) Trademark Act 1999
29. Full form of NSIC is:
(a) National Sector Industries Corporation
(b) National Small Industries Conversion
(c) National Small Industries Corporation
(d) Novel Small Industries Corporation
Answer
Answer: (c) National Small Industries Corporation
30. Full form of DIC is:
(a) District Industries Centre
(b) Distant Industries Centre
(c) District Inclined Centre
(d) District Industries Conversion
Answer
Answer: (a) District Industries Centre
Class 11 Business Studies MCQs
Term 1 – MCQ of Business Studies Class 11
Part A – Foundations of Business
- Evolution and Fundamentals of Business
- Forms of Business Organisations
- Public, Private and Global Enterprises
- Business Services
- Emerging Modes of Business
- Social Responsibility of Business and Business Ethics
Term 2 – NCERT Business Studies MCQ
Part B – Finance and Trade
- Sources of Business Finance
- Small Business and Entrepreneurship Development
- Internal Trade
- International Business