Question 1.
Expand EOUs
(a) Essential Operating units
(b) Export Oriented units
(c) Export Order Units
(d) Essential order units

Answer

Answer: (b) Export Oriented units

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Question 2.
The District Industries Centers Programme was launched on
(a) On 15 August 1978
(b) On May 1, 1978
(c) On September 1, 1978
(d) On July 1, 1978

Answer

Answer: (b) On May 1, 1978

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Question 3.
The small scale industry can enjoy the status of ________ if it supplies not less than 50% of its production to another industry, referred to as the parent unit.
(a) Micro Business industry
(b) Export oriented unit
(c) Ancillary small industry
(d) Village industries

Answer

Answer: (c) Ancillary small industry

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Question 4.
ISO 9000 is concerned with
(a) Export
(b) Quantity
(c) Quality
(d) Import

Answer

Answer: (c) Quality

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Question 5.
Which of the following comes under the Modern Small Industries?
(a) Coir
(b) Powerlooms
(c) Handicrafts
(d) Khadi

Answer

Answer: (b) Powerlooms

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Question 6.
Small industries contribute _______ of gross industrial value.
(a) 49 percent
(b) 45 percent
(c) 48 percent
(d) 40 percent

Answer

Answer: (d) 40 percent

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Question 7.
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

Answer

Answer: (b) Export Oriented units

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Question 8.
NSIC was setup in
(a) 1982
(b) 1975
(c) 1965
(d) 1955

Answer

Answer: (d) 1955

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Question 9.
______ are also known as Rural industries or Traditional industries
(a) Agricultural industry
(b) Food industry
(c) Cottage Industries
(d) None of the above

Answer

Answer: (c) Cottage Industries

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Question 10.
Small scale industries owned and managed by women entrepreneurs have a share capital of not less than __________
(a) 20 percent
(b) 51 percent
(c) 25 percent
(d) 50 percent

Answer

Answer: (b) 51 percent

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Question 11.
Expand DIC
(a) Directorate of Industry corporation
(b) Directorate of Indian Corporation
(c) District Industries Centers
(d) None of the above

Answer

Answer: (c) District Industries Centers

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Question 12.
Which of the following is part of the small-scale sector?
(a) Paper Products and Printing
(b) Food Products
(c) Cotton Textiles
(d) All of the above

Answer

Answer: (d) All of the above

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Question 13.
Exemption from paying taxes for 5 ot 10 years is known as _________
(a) Tax Deduction
(b) TDS
(c) Value Added Tax
(d) Tax Holiday

Answer

Answer: (d) Tax Holiday

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Question 14.
_____ is defined as one in which the investment in fixed assets of plant and machinery does not exceed rupees one crore.
(a) Small Scale Industry
(b) Limited Companies
(c) Large Scale industry
(d) None of the above

Answer

Answer: (a) Small Scale Industry

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Question 15.
In India, the ‘Village and Small Industries’ Sector consists of both traditional and modern small industries. This sector has ___________subgroups.
(a) Eleven
(b) Ten
(c) Five
(d) Eight

Answer

Answer: (d) Eight

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Question 16.
Expand KVIC
(a) Khadi and Village Industries Commission
(b) Khadi and Village industries core
(c) King of Village Industries Commission
(d) King of Village Investment culture

Answer

Answer: (a) Khadi and Village Industries Commission

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Question 17.
A tiny unit is defined as an industrial or business enterprise whose investment in plant and machinery is not more than ___________
(a) Rs.35 Lakhs
(b) Rs.50 Lakhs
(c) Rs.30 Lakhs
(d) Rs. 25 Lakhs

Answer

Answer: (d) Rs. 25 Lakhs

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Question 18.
Which of the following is the main problem for small businesses?
(a) Raw material
(b) Finance
(c) Managerial skill
(d) All of the above

Answer

Answer: (d) All of the above

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Question 19.
Expand SIDBI
(a) Society Industrial development bank of India
(b) Small Industries development bank of India
(c) Super Industrial development bank of India
(d) Small Indian Development bank of India

Answer

Answer: (b) Small industries development bank of India

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Question 20.
Which of the following is organised by individuals?
(a) Cottage Industries
(b) Chemical industry
(c) Railway industry
(d) None of the above

Answer

Answer: (a) Cottage Industries

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Question 21.
Any industry located in a rural area which produces any goods renders any service with or without the use of power is known as ________
(a) City Industry
(b) Town Industry
(c) Village Industry
(d) District Industry

Answer

Answer: (c) Village Industry

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Question 22.
Limit of investment in small scale industry is _________
(a) One crore
(b) Ten crore
(c) Two crore
(d) Five crore

Answer

Answer: (a) One crore

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