Multiple Choice Questions and answers
1)
Most of the small-scale enterprises
depend upon outdated technology. True
2)
Investment is plant and machinery in small-scale
units has not been limited by the Government Policy on Small-scale Sector,
1991. False, limited
upto 1 crore
3)
SIDO is the apex body in the country
for promotion of small-scale industries. True [Small Industries Development
Organisation (SIDO)]
4)
Directorate of Industries in the
State level apex body for promotion of small-scale industries. False
5)
Small-scale industries are
labour-intensive. True
6)
Small-scale units use local
resources. True
7)
Small-scale industries spend heavy
amount in advertising. False
8)
Small-scale units lack of resources
and knowledge for effective sales promotion. True
9)
Small
enterprises are privately owned and operated small business. True
10) The full form of SISIs is small
Industries Service Institutes. True
11) Small-scale enterprises are managed
by the Central Government. False
12) Working capital means the current
asset. False, Net
current assets i.e., CA – CL
13) Small-scale industries are suited for
creation of employment. True
14) Small-scale industries are
capital-intensive. False
15) Service enterprises are engaged in
the production of goods. False
16) Finance is the lifeblood of business. True
17) Small- scale industries are suited
for creation of employment. True
18) Political instability is an important
internal cause of industrial sickness. False
19) Market promotion is an external
problem of small business enterprises. True
20) The small business are financed by
the state government. False
21) The first step for the product
planning is idea formulation. True
22) The life of product is increased by
product modification. False,
It increases sales
23) Management and control of small-scale
firm is in the hand of owner. True
24) Good branding serves as a silent
promoter. True
25) Small-scale enterprises are privately owned and operated
business. (Small-scale/Large-scale)
26) The Small Industries Service
Institutes (SISIs) are set up to provide consultancy and training.
27) Small-scale industries are suited for
creation of employment. (employment/career)
28) Purchasing branded products give psychological
satisfaction to the buyers. (physical/psychological).
29) Labour-intensive industrial unit
require more working capital. (less/more)
30) Life of a product is increased
by product modification. (increased/decreased).
31) Production
is meant for consumption of goods. (marketing / consumption)
32) Good
branding services as a silent promoter. (salesman / promoter)
33) Management
and control of small scale firm is with the owner. (owner / government)
34) Reasons
behind existence of idle capacity in small-scale enterprise is shortage of
working capital
35) Innovation is important in modern
time because of stiff competition.
36) The first step for product planning
is Idea formulation. [Idea
formulation/commercialization]
37) The Micro, Small and Medium
Enterprises Act were passed in the year 2006. [2006/1986]
38) EDP
– Entrepreneurship Development Programme
39) SIDC
– State Industrial Development Corporation
40) BEP
– Break Even Point
41) NIDC
– National Industrial Development Corporation
42) SSIB
– Small Scale Industries Board (Founded in 1954)
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