MSME
Authored by jaisen p joy
Business
11th Grade
Used 4+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
What does MSME stand for?
Micro, Small, and Medium Enterprises
Major, Small, and Medium Enterprises
Micro, Small, and Mega Enterprises
Medium, Small, and Mega Enterprises
2.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
What is the maximum turnover for a micro enterprise in India?
₹10 crore
₹5 crore
₹50 crore
₹1 crore
3.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Which Act governs MSMEs in India?
MSMED Act, 2006
Companies Act, 2013
Industrial Development Act, 1991
Entrepreneur Act, 2005
4.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Which of the following is a characteristic of cottage industries?
High capital investment
Use of sophisticated technology
Organized by individuals with private resources
Dependent on imported raw materials
5.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
What is the percentage share of micro enterprises among MSMEs?
50%
99.4%
0.52%
90%
6.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
What is one major problem faced by small businesses?
Abundant financial resources
Lack of managerial skills
Excess demand
High bargaining power
7.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Which of the following is NOT a role of MSMEs?
Balanced regional development
Dependence on imported technology
Employment generation
Low-cost production
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