Small Business: Privately Owned Corporation, Partnership, or Sole Proprietorship

In this quiz, you will find questions related to the small businesses, their examples, related to the cost of setting up a small business, the role of small businesses in the growth of the country, etc.

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Limit of investment in small scale industry is _________

one crore two crore five crore Ten crore

________ are also known as Rural industries or Traditional industries

Food industry Cottage Industries None of these Agricultural industry

Which of the following is organised by individuals?

Cottage Industries Railway industry None of these Chemical industry

Any industry located in a rural area which produces any goods, renders any service with or without the use of power is known as ________

City Industry Town Industry Village Industry District Industry

A small scale serivce and business enterprise is one whose investment in fixed assets of plant and machinery excluding land and building does not exceed ______

Rs.25 Lakhs Rs.30 Lakhs Rs.10 Lakhs Rs.15 Lakhs

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

Domestic unit Export Oriented units Small scale unit Import oriented units

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

Limited Companies None of these Small Scale Industry Large Scale industry

Which of the following is part of the Village and Small Industries Sector?

Handicrafts

Sericulture

Handlooms

All of these

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

Eleven