Students of class 11 Business Studies should refer to MCQ Questions Class 11 Business Studies Small Business and Entrepreneurship with answers provided here which is an important chapter in Class 11 Business Studies NCERT textbook. These MCQ for Class 11 Business Studies with Answers have been prepared based on the latest CBSE and NCERT syllabus and examination guidelines for Class 11 Business Studies. The following MCQs can help you to practice and get better marks in the upcoming class 11 Business Studies examination

Chapter 9 Small Business and Entrepreneurship MCQ with Answers Class 11 Business Studies

MCQ Questions Class 11 Business Studies Small Business and Entrepreneurship provided below have been prepared by expert teachers of grade 11. These objective questions with solutions are expected to come in the upcoming Standard 11 examinations. Learn the below provided MCQ questions to get better marks in examinations.

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

Question. Which of the nodal agency works for the Co ordination and development of village and Khadi Industries? 
(a) Ministry of agro and rural industries
(b) Khadi and village industries
(c) National small industries corporation
(d) NABARD 

Question. Khadi and village industries are identified as   
(a) Large scale industries
(b) Traditional small scale industries
(c) Modern small scale industry
(d) Medium scale industry 

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. 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. MSMED act came into existence   
(a) October2007
(b) October2006
(c) October1991
(d) October2013

Question. National small industries corporation was set up in the year   
(a) 1956
(b) 1955
(c) 1953
(d) 1954

Question. District industries centers was launched on     
(a) 5 May 1972
(d) 1 May 1978
(c) 13 May 1971
(d) 24 May 1975 

Question. Literary work is protected under   
(a) copy right
(b) Patent
(c) trade mark
(d) crowd funding 

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 

Question. How much is the service investment limit for small scale industries     
(a) 20 lakh to 2 crore
(b) 10 crore to 20 crore
(c) 4.5 crore to 505 crore
(d) 5 crore to 25 crore 

Question. A ——— includes shape, pattern and arrangement of lines or color combination that is applied to any article   
(a) Design
(b) copy right
(c) patent
(d) Trade mark 

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

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

Question. Start up India aims at   
(a) Innovation and creation
(b) manufacturing
(c) Providing credit
(d) Servicing 

Question. As per notification issued by the ministry of commerce and industry, a start up means, with reference to period   
(a) not older than 5 years
(b) not older than 10 years
(c) not older than 12 years
(d) not older than 13 years

Question. people who own, operate and take risk of a business venture   
(a) Aptitude
(b) employee
(c) Entrepreneur
(d) Entrepreneurship 

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

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

Question. Copyright protection is not available for   
(a) Literary work
(b) Music work
(c) Artistic work
(d) Assembling 

Question. The total contribution of raw material and machinery is Rs.10 lakh   
(a) Micro enterprise
(b) small enterprise
(c) medium enterprise
(d) large enterprise 

Question. The contribution in Gross value added of small scale industries   
(a) 40%
(b) 45%
(c) 47%
(d) 49% 

Question. Agency works for the benefit of socially and economically disadvantaged groups and individuals   
(a) RWE
(b) SFURTI
(c) RSBDC
(d) DIC 

Question. Type if IPR helps in distinguishing similar products in the market from its compititors   
(a) copyright
(b) trademarks
(c) patent
(d) Design 

Question. It is not a problem of small Business   
(a) Finance
(b) Technology
(c) Sickness
(a) Regional balance 

Question. Small scale industries owned and managed by women entrepreneurs have share capital of not less than   
(a) 0%
(b) 0%
(c) 5%
(d) 51%

Question. IPR stands for   
(a) Indian property rights
(b) Important property rights
(c) Intellectual property rights
(d) Institutional property rights

Question. What is the full form of IPR   
(a) Intellectual property right
(b) Indian protection rights
(c) Indian private remuneration
(d) Intellectual private rights 

Question. Modern small industries include   
(a) Handloom
(b) Power loom
(c) sericulture
(d) Handicrafts

Fill in the Blanks :

Question. The limit for investment in plant & machinery for micro enterprises in service sector is upto ………….rs.

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.

Question. Entrepreneurship is ………………… activity.

Question. The MSMED Act came into force on ……………….

Question. Change in attitude of rural entrepreneurs are the main objective of ……………. Institution.

Question. The full form of NABARD is ………………………..

Question. Full form of DIC is …………….

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

Question. In manufacturing, micro enterprises investment in ………………………… Should not exceeed rs 25 lakh

Question. A registered word , name or symbol that lets us identify the goods made by an individual, or organization……………………

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

Question. Promoting credit rating and maintaining good financial record is the objective of ………………. Institution.

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.

Question. Small scale enterprise as defined in ………………… act .

Question. The village and small industries consists of both…………………. and ……………… small industries

Question. A trademark helps in distinguishing similar products in the market from its ……………….

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 ………………..

Question. NSIC was set up in the year …………..

True or False :

Question. Trademark is a part of Intellectual property right

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

Question. Copy right is granted for scientific inventions

Question. Ministry of commerce and industry notification the start up On 17 February 2017

Question. There is no risk in entrepreneurship in comparison to business

Question. Entrepreneurship is creative because it includes various factors of production , produce goods and services that meet the needs and wants of the society

Question. Manufacturing Micro enterprise is one, where investment is Plant And machinery is rupees . Thirty lakhs

Question. START UP means is annual turnover does not exceed Rs.25 cr. In any preceding year

Question. the purpose of geographical Indications is to encourage innovation in the scientific field

Question. The SFURTI was set up by the state government as well as Central Government

We hope the above multiple choice questions for Class 11 Business Studies for Chapter 9 Small Business and Entrepreneurship provided above with answers based on the latest syllabus and examination guidelines issued by CBSE, NCERT and KVS are really useful for you. Small Business and Entrepreneurship is an important chapter in Class 11 as it provides very strong understanding about this topic. Students should go through the answers provided for the MCQs after they have themselves solved the questions. All MCQs have been provided with four options for the students to solve. These questions are really useful for benefit of class 11 students. Please go through these and let us know if you have any feedback in the comments section.