Small Business Class 12 MCQs Questions with Answers

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

2. full form of NSIC – 

3. Expand EOUs

4. 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.

5. Full form of DIC –

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

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

9. Limit of investment in small scale industry is _________

10. Rural industries are also known as

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

12. Which of the following is organised by individuals?

13. 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 ______

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

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

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

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

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

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

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