CBSE Class 11 (Commerce) MSME and Business Entrepreneurship — practice questions
45 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CBSE Class 11 (Commerce) MSME and Business Entrepreneurship in the app →Approximately what share of India's GDP do MSMEs contribute?MSMEs contribute about what percentage of India's exports?Which Act gave India a single legal framework for micro, small and medium enterprises?The government's definition of MSME rests on investment in plant and machinery and on what else?What is the turnover limit for a small enterprise under the MSME classification?What upper turnover limit applies to a medium enterprise?Up to what turnover does an enterprise remain in the micro category?Which category makes up about 99.4 per cent of all MSMEs?Which industry is located in a rural area and has fixed capital per worker set by the Centre?Cottage industries are also commonly known as which type of industries?Small industries account for what share of industrial units in India?Which sector employs more people than MSMEs in India?Why are MSMEs a boon for a labour surplus country like India?What is described as the main competitive strength of small industries?Why can a small firm seize new opportunities on time?Which problem arises as banks refuse loans without collateral security or margin money?Small units pay high prices for raw materials chiefly because of what?A small business run by a single owner often suffers from a lack of what?Weak marketing forces small firms to depend heavily on whom?In which area is a small firm's weakest point when competing in global markets?Operating below full capacity raises costs and can eventually lead to what?In the context of globalisation, MSMEs face competition from which kind of firms?Entrepreneurship is the process of doing what?The business unit that results from entrepreneurship is called what?Which myth does the systematic nature of entrepreneurship dispel?The purpose of entrepreneurship is the creation of value for personal profit and what else?Which characteristic says innovation must become a habit?Which country needs entrepreneurs to initiate the process of development?Legal rights over creations of the human mind are known as what?Intellectual property is divided into industrial property and which other category?What most distinguishes intellectual property from other forms of property?Confidential information giving a competitive edge, like a famous soft drink recipe, is called what?What does the Traditional Knowledge Digital Library help to prevent?Protection of a copyrighted work arises when?Is copyright registration mandatory in India?A word, name or symbol that identifies the goods of one firm is called what?Phonetic, structural or visual similarity between marks is termed what?Which Act governs trademark registration in India?Which of these is a Geographical Indication from India?For how many years does a patent grant exclusive rights to the inventor?Which feature must a patentable invention have, besides being new and non-obvious?Who is cited as having invented, rather than discovered, the telephone?Once a patent term expires, the invention enters what status?The process of seeking a patentee's rights for a fee is called what?A registered design is protected initially for how many years?