MCQs For NCERT Class 11 Business Studies Chapter 9 Small Business and Entrepreneurship

Please refer to the MCQ Questions for Class 11 Business Studies Chapter 9 Small Business and Entrepreneurship with Answers. The following Small Business and Entrepreneurship Class 11 Business Studies MCQ Questions have been designed based on the latest syllabus and examination pattern for Class 11. Our experts have designed MCQ Questions for Class 11 Business Studies with Answers for all chapters in your NCERT Class 11 Business Studies book.

Small Business and Entrepreneurship Class 11 MCQ Questions with Answers

See below Small Business and Entrepreneurship Class 11 Business Studies MCQ Questions, solve the questions and compare your answers with the solutions provided below.

Question. Time management helps to reduce stress because it
(a)provides less time for rest and relaxation.
(b) increases feelings of pressure and tension.
(c) encourages procrastination in planning necessary activities.
(d) allows adequate time for personal and professional activities.

Question. Non Conventional trademarks include:
(a) Sound mark
(b) Dynamic mark
(c) Both of these
(d) None of these

Question. The distinction between an “entrepreneur” and “small business owner” , if made, revolves around:
(a) really nothing; they are truly one and the same
(b) the Small Business Administration definitions
(c) whether the business is an Internet based one or not
(d) the risk taking or re-invention of a business vs. someone who “simply” starts a business or buys an existing one

Question. The small scale industry can enjoy the status of ___________unit if it exports more than 50% of its production.
(a) Import oriented units
(b) Export Oriented units
(c) Small scale unit
(d) Domestic unit

Question. Small Enterprises should have annual turnover of at least Rs:
(a) 10 crores
(b) 25 crores
(c) 50 crores
(d) 100 crores

Question. Ali wants to negotiate with her boss to take on more job responsibilities. Before approaching her boss, Ali needs to determine her boss’s position and
(a) abilities.
(b) interests.
(c) standards.
(d) procedures.

Question. A plant patents are given for ______ years.
(a) 14
(b) 15
(c) 16
(d) 17

Question. Small industries contribute _ of gross industrial value.
(a) 49 percent
(b) 45 percent
(c) 48 percent
(d) 40 percent

Question. Which one of the following is the step involved in setting up a new enterprises?
(a) Creating a business plan
(b) Making a product choice
(c) Selecting the location
(d) Setting up infrastructure

Question. The ________ is focused by the successful growth minded entrepreneurs rather than on resources, structure and strategy.
(a) Opportunity
(b) Risk
(c) Achievement
(d) Profits

Question. The FPD Company keeps copies of its brochures, catalogs, and flyers on file for future reference. This is an example of a company that is maintaining __________ records.
(a) inventory
(b) legal
(c) promotional
(d) asset

Question. ______ helps in assessing the strengths and weaknesses of competing products and services.
(a) Technical analysis
(b) Competitive analysis
(c) Financial analysis
(d) Economic analysis

Question. The word entrepreneur is derived from the _______ verb known as entreprendre.
(a) Values
(b) Egypt
(c) German
(d) French

Question. “I really believe that entrepreneurship is about being able to face failure and succeed after failure”. Who said this?
(a) Kiran Mazumdar Shaw
(b) Ekta Kapoor
(c) Dr. Swati Piramal
(d) Aishwarya Nair

Question. Products that appeal to the majority of customers are often sold through __________ marketing efforts.
(a) segmented
(b) mass
(c) demographic
(d) psychographic

Question. Micro enterprises are those whose investment in plant and machinery does not exceed rupees___
(a) 5 Lakh
(b) 3 Lakh
(c) 1 Lakh
(d) 2 Lakh

Question. Which of these statements best describes the context for entrepreneurship?
(a) Entrepreneurship takes place in small businesses.
(b) Entrepreneurship takes place in large businesses.
(c) Entrepreneurship takes place in a wide variety of contexts.
(d) Entrepreneurship does not take place in social enterprises.

Question. All of the following are suitable questions to ascertain Product/Service Desirability EXCEPT:
(a) Does it make sense?
(b) Is the product or service financially feasible?
(c) Is this a good time to introduce the product or service in the market?
(d) Are there any fatal flaws in the product or service’s basic design or concept?

Question. Which of the following might be termed a disadvantage faced by the small business?
(a) Greater flexibility
(b) Greater ability to serve specialized markets
(c) Extreme personal commitment of the owner
(d) More personal service

Question. Why do lending institutions carefully evaluate how well a business meets certain criteria before making a loan?
(a) To improve relations
(b) To provide service
(c) To prevent theft
(d) To reduce risk

Question. Why do interviewers usually focus on asking questions that are related to a job applicant’s performance?
(a) To understand complaints
(b) To take remedial action
(c) To determine qualifications
(d) To plan future training

Question. An employee is comparing income statements from the past three years to evaluate changes and trends in the business’s revenue. What type of business analysis is the employee conducting?
(a) Production
(b) Financial
(c) Information management
(d) Sales

Question. In case of service enterprise, where investment in equipment is more than 10 lakhs rupees but does not exceed 2 crore rupees is
(a) Micro enterprise
(b) small enterprise
(c) Medium enterprise
(d) cottage industries

Question. Entrepreneurship provides
(a) capital investment
(b) self employment
(c) administration
(d) marketing

Question. Issue related to credit, Marketing of medium, small , micro enterprises come under
[a ]NABARD
(b) DIC
(c) MSMED
(d) NSIC

Question. What is the main objective of small scale industries?
(a) To provide employment
(b) To reduce poverty
(c) To establish link between people and resources
(d) To make profit for the Government

Question.As per government of India size of small scale industry can be decided on the basis of
(a) Number of employees working
(b) Volume of output
(c) power consumed for business
(d) Investment in plant and machinery

Question. who can register Geographical indications
(a) individual
(b) company
(c) producers
(d) consumers

Fill in the blanks:

Question. The small industries is based on the investment in _________ and _________ . 

Question. NABARD was set up in the year _________ . 

Question. _________ is a concept in which job seekers become job provider. 

Question._________ allow creators and inventors to have control over their creations and inventions. 

Question._________ Enterprise the investment in plant and machinery does not exceed 5 crores rs. 

Question.Intellectual property rights related with creativity of mind is being given for _________. 

True / False: 

Question. Purpose of Entrepreneurship is Creation of value for Personal profit and Social gain.

Question. Is patent is the exclusive right.

Question. The district Industries centre was launched On 1 May 1978.

Question. Small enterprises are those whose investment in plant and machinery is less than twenty five lakh rupees.

Question. Copy rights is the right to not copy an original ideas .

Question. Entrepreneurship is not a mysterious Gift or Charm and something that happens by chance.

Match the following:

Question. Some rights protect the innovation and creation of entrepreneurs as per Intellectual Property Rights. Match these rights with their apllied area:

Column A	Column B
1. Copyright	(a) differentiation of one good of a co. from another
2. Trademark	(b) protection of eye catching feature of an Article
3. Patent	(c) not to copy the original idea
4. Designs	(d) protects the scientific inventions

Question. Various programmes are available for small enterprises by the government. Match the following programmes as per their launch year:

Column A	Column B
1. SFURTI	(a) 1978
2. NABARD	(b) 2005
3. NSIC	(c) 1982
4. DIC	(d) 1955

Question. Following key terms are associated with small business. Match the following as per their Correct meaning:

Column A	Column B
1. Entrepreneurship	(a) scheme for nurturing innovation and self employment
2. Startup	(b) investment does not exceed 25 lakh rupees
3. Cottage industries	(c) process of setting one‟s business
4. Micro industries	(d) rural industries uses family labour

Question. Ms. Anjali is a young budding entrepreneur who thought of opening a boutique. She is Seeking some guidance to start with her new business. So as a student of class 11th commerce help her by suggesting „‟ India Initiative Action Plan‟‟.Match the terminology of India Initiative Action Plan with its process:

Column A	Column B
1. Simplification	(a) winding up in case of failure and reallocation
2. Start Up India Hub	(b) facilitate protection of patents and trademark
3. Legal support	(c) objective to create exchange and access to Funding
4. Easy exit	(d) friendly and flexible method

Question. Anuj is the simple rural folk. He believed in power of hardwork and dedication. He dreams big and wants to engage in rendering services enterprises or manufacturing enterprises. Guide Anuj as per MSMED Act, the options available from government. Match the enterprises with capital investment limit in plant and machinery:

Column A	Column B
1. Micro Manufacturing enterprises	(a) investment between 25 lakh to 5 crore
2. Small service enterprises	(b) not more than 10 lakh
3. Micro service enterprises	(c) investment between 10 lakh to 2cr
4. Small manufacturing enterprises	(d) investment less than 25 lakh