Small Business and Entrepreneurship MCQ Class 11 Business Studies
Please refer to Chapter 9 Small Business and Entrepreneurship MCQ Class 11 Business Studies with answers below. These multiple-choice questions have been prepared based on the latest NCERT book for Class 11 Business Studies. Students should refer to MCQ Questions for Class 11 Business Studies with Answers to score more marks in Grade 11 Business Studies exams. Students should read the chapter Small Business and Entrepreneurship and then attempt the following objective questions.
MCQ Questions Class 11 Business Studies Chapter 9 Small Business and Entrepreneurship
The Small Business and Entrepreneurship MCQ Class 11 Business Studies provided below covers all important topics given in this chapter. These MCQs will help you to properly prepare for exams.
Question. Samples, premiums, and advertising specialties are examples of __________ used in sales promotion.
(a) communications channels
(b) publicity strategies
(c) marketing activities
(d) selling techniques
Answer
A
Question. In India, the ‘Village and Small Industries’ Sector consists of both traditional and modern small industries. This sector has ___________sub groups.
(a) Eleven
(b) Ten
(c) Five
(d) Eight
Answer
D
Question. Which of the following is a potential risk of implementing enterprise risk management (ERM) software:
(a) Standardization of reporting
(b) More emphasis on risk
(c) Loss of data during the transfer
(d) Less efficient use of resources
Answer
C
Question. _________is a characteristic of entrepreneurship development:
(a) Systematic activity
(b) Less risk
(c) Constant returns
(d) All of the above
Answer
A
Question. ________ protects the appearance of the article and not the article.
(a) Plant Patent
(b) Utility Patent
(c) Product Patent
(d) Design Patent
Answer
D
Question. A new venture’s business plan is important because ______.
(a) It helps to persuade others to commit funding to the venture.
(b) Can help demonstrate the viability of the venture.
(c) Provides a guide for business activities by defining objectives.
(d) All the above
Answer
C
Question. Who took the lead to extend financial assistance to small-scale industries
(a) SBI
(b) IFCI
(c) IRBI
(d) None of the above
Answer
A
Question. Most creative ideas can be traced to an individuals interest in or _______ about a specific problem or area of study.
(a) Curiosity
(b) Skill
(c) Knowledge
(d) Research
Answer
A
Question. Which of the following is a characteristics entrepreneurship:
(a) Innovation
(b) Risk-taking
(c) Organisation of Production
(d) All of the above
Answer
D
Question. ISO 9000 is concerned with
(a) Export
(b) Quantity
(c) Quality
(d) Import
Answer
C
Question. All of the following are popular demographic factors about entrepreneurs that have been studied EXCEPT:
(a) Self-confidence
(b) Gender
(c) Education
(d) Family birth order
Answer
A
Question. Entrepreneurship is useful to the organization because of __________
(a) Development of managerial capabilities
(b) Creation of organization
(c) Improving standard of living & economic development
(d) All of these
Answer
D
Question. _____ has listed three entrepreneurial functions : (1) Superintendence (2) Control & Direction.
(a) J. S. Mill
(b) J.B. Say
(c) Richard Cantilion
(d) Josheph Schumpeter
Answer
A
Question. An ___ in a tract of land which is subdivided and developed according to a comprehensive plan for the use of a community of industrial enterprises.
(a) Industrial plan
(b) Industrial Estate
(c) Industrial unit
(d) None of the above
Answer
B
Question. ________ are also known as Rural industries or Traditional industries
(a) Food industry
(b) Cottage Industries
(c) None of these
(d) Agricultural industry
Answer
B
Question. Trademarks comes under_______type of IP:
(a) Industrial
(b) Copyright
(c) Intellectual
(d) None of the above
Answer
A
Question. 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
D
Question. Large investment is made in fixed assets, the project will be termed as
(a) Capital Intensive.
(b) Labour Intensive.
(c) Product Intensive.
(d) Market Intensive.
Answer
A
Question. Which of the following attitudes Is not generally associated with successful entrepreneurship :
(a) Competition and co-operation
(b) Desire to influence others
(c) Innovation and product improvement
(d) Status quo in business
Answer
D
Question. Copyright protection is not available for
(a) Literary work
(b) Music work
(c) Artistic work
(d) Assembling
Answer
D
Question. as per MSMED act which of the following issue is not addressed by it
(a) credit
(b) Technology up gradation
(c) Marketing products
(d) Global competition
Answer
D
Question. The limit for investment in plant and machinery in manufacturing unit Which does not exceed Rs.5 lakh? Company falls under which category
(a) micro enterprise
(b) small enterprise
(c) medium enterprise
(d) large enterprise
Answer
A
Question. Type if IPR helps in distinguishing similar products in the market from its compititors
(a) copyright
(b) trademarks
(c) patent
(d) Design
Answer
B
Question.The contribution in Gross value added of small scale industries
(a) 40%
(b) 45%
(c) 47%
(d) 49%
Answer
B
Question. Mr.X is individual with surplus cash and interested to invest in upcoming start ups. Which method is suitable him
(a) Crowd funding
(b) Venture capital
(c) boot strapping
(d) Angel investment
Answer
D
Question. Literary work is protected under
(a) copy right
(b) Patent
(c) trade mark
(d) crowd funding
Answer
A
Question. Start up India aims at
(a) Innovation and creation
(b) manufacturing
(c) Providing credit
(d) Servicing
Answer
A
Fill in the blanks:
Question. The person who set up his business is called an _________ .
Answer
entrepreneur
Question. In service sector , medium enter prise is one where the investment in equipments is more than rs _________ but does not exceeed rs five crores.
Answer
2 crore
Question. A _________ is an exclusive right granted by govt. which provides the exclusive right to exclude all others and prevent them from using or offering from sale.
Answer
patent
Question. The DIC?s was launched in year _________ .
Answer
1978
Question. The MSMED act 2006 came into force in _________
Answer
oct 06
Question. A registered word , name or symbol that lets us identify the goods made by an individual, or organization _________ .
Answer
trademark
True / False:
Question. Copy right is the right to copy original idea .
Answer
False
Question. Trademark is a part of Intellectual property right.
Answer
True
Question. Certification mark can be registered in certification Board.
Answer
False
Question. The purpose of geographical Indications is to encourage innovation in the scientific field.
Answer
False
Question. Trade Secrets in India are Protected under the intellectual property rights act.
Answer
True
Question. Entrepreneurship is creative because it includes various factors of production , produce goods and services that meet the needs and wants of the society.
Answer
True
Match the following:
Question. Rahul wanted to know the full form of various abbreviations related to his business. Help him in identifying full forms.
| Category | Full form |
| 1. IPR | (a) Intellectual Property rights |
| 2. TKDL | (b) traditional knowledge digital Library |
| 3. RWED | (c) Rural small business development centre |
| 4. RSBDC | (d) Rural and women entrepreneurship development |
Answer
1-a, 2-b, 3-d, 4-c
Question. Mr Sohan wanted to know the product comes under various IPR.Help him in identification of IPR.
| Column A | Column B |
| 1. Copy rights | (a) Name and logo |
| 2. patents | (b) books |
| 3. TradeMark | (c) information |
| 4. Trade Sectors | (d) Mobiles |
Answer
1-b, 2-d, 3-a, 4-c
Question. Mr Rajesh started his business and wanted to know the acts and year related to various things applicable to his business. Help him in identification.
| Column A | Column B |
| 1. MSMED Act | (a) 2006 |
| 2. DIC | (b) 1978 |
| 3. Patent | (c) 2005 |
| 4. Trade mark | (d) 1991 |
Answer
1-a, 2-b, 3-c, 4-d
Question.
| Category | Objectives |
| 1. Design | (a) Its growing the plants into botanical characteristics |
| 2. Plant Varity | (b) It is a protection given to any aesthetic appearance or eye catching |
| 3. Patent | (c) Identify the goods made by an Individual company organization etc |
| 4. Trade mark | (d) It Protects the scientific Inventions |
Answer
1-b, 2-a, 3-d, 4-c
Question.
| Category | Manufacturing Investment |
| 1. large enterprise | (a) 25 lacs |
| 2. Small enterprises | (b) Between 5 lacs. And 10 cr |
| 3. Medium enterprise | (c) Between 25 lacs and 5 cr. |
| 4. Micro enterprises | (d) Between 30 las to 25 cr. |
Answer
1-d, 2-c, 3-b, 4-a
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