11th Grade > Business Studies
SMALL BUSINESS AND ENTREPRENEURSHIP MCQs
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D
All the given options come under villages and small business sector.
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B
As a part of incentives provided by the Government to the small businesses, power is supplied at a concessional rate of 50%. In some states, no charges are made for the initial years.
:
A
District Industries Center (DIC) is the institute which provides an integrated administrative framework for small-scale industries at district level.
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B
Cottage industry uses family labour and local available talent while running the business.
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A
The issue Kishan faces here is the low quality raw materials i.e., the low quality sugarcanes he procures for his business. This mostly is due to the lack of finance to obtain the good quality sugarcanes. This lead to customer complaints and some of them falling ill as well.
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A
A small business selling sarees is running successfully earning more customers because of its ability to cater to an individual's preferences with a huge variety of sarees. Pricing and discounts are not the reason since small businesses mostly cannot afford to give discounts and offers.
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A
Tax is a major contributor of the cost structure of the small businesses, hence tax holidays are significant incentives for these businesses.
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B
Cottage industries are not defined by the capital investment criteria. They are characterized by various features such as using simple equipment, produce simple products, and organized by individuals.
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B and C
By providing employment, small businesses indirectly aid in poverty alleviation and women empowerment.
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Cottage industries are also known as rural industries or traditional industries.