WORKSHEET 8 BUSINESS STUDIES (CLASS 11)CHAPTER 9 MSME

             MICRO SMALL MEDIUM ENTERPRISES.

1. The object of entrepreneurship is -------------------

a) Lawful business
b) Doing any business
c) Creating a new business
d) Profit maximisation.

2. In a country like India capital is scarce whereas labour is ------

a) Plenty
b) Huge
c) Lot
d) Abundant

3. The Akshaya project, which is a public-private partnership between the Kerala government and small entrepreneurs, has now spawned thousands of internet-based businesses that offer services ranging from VoIP telephony to computer-based English lessons to online astrology readings. The IT landscape of the Indian state of Kerala is being transformed as a result of access to the internet via thousands of internet kiosks (called Akshaya Centres) distributed throughout the state and through a state wide training drive by the IT authorities. This Akshaya project is a part of -----------------
a) Micro entrepreneurship
b) Macro entrepreneurship
c) Small sized entrepreneurship
d) Medium sized entrepreneurship4. Rural industries or traditional industries that are not defined by capital investment criteria as in the case of other small scale industries are called -------------
a) Village industries
b) Small industries
c) Micro industries
d) Medium industries

5. All inventions of creations begin with an ‘idea’. Once the idea becomes an actual product it is called. -----------------

a) Trade mark
b) Brand mark
c) Intellectual property
d) Patent
6. A ------------is basically any confidential information which provides a competitive edge.
a) Business secret
b) Trade secret
c) Technical secret
d) Contract secret

7. Patent protects --------------------which shows technical advancement over the already known products. a) Scientific inventions

b) Scientific discoveries

c) Scientific research

d) Science and developments

8. This process of seeking exclusive rights of the patentee for a fee is called ---------------.
a) Patenting
b) Labelling
c) Registering
d) Licensing.

9.  Investment in Plant and Machinery or Equipment for not more than Rs.10 crore and Annual Turnover not more than Rs. 50 crore is called -------------
a) Micro enterprise
b) Small enterprise
c) Medium enterprise
d) Large enterprise

10. Tiny Scale industry is one in which the investment in plant and machinery is less than---------------
a) Rs.25 lakhs irrespective of the location of the unit.
b) Rs.15 lakhs irrespective of the location of the unit.
c) Rs.20 lakhs irrespective of the location of the unit.
d) Rs.10 lakhs irrespective of the location of the unit.