Small Business Testing – 1 (Direct questions) What is small scale industry? (2) Define small scale industries with respect to manufacturing enterprises and service enterprises. (3) Explain the features of small business. (4) Classify the small scale industry on the basis of capital, location and technology. (5) Define cottage industries. Explain the features of cottage industry. (6) Define Rural industry. Explain various types of Rural industries. (7) What are the problems faced by small business in India? (8) Explain any four schemes introduced by for hilly and backward areas. (9) What are the policies introduced by Government for financial assistance to small business. (10) Discuss various agencies introduced by Ministry of Agro and Rural industries. (11) Write short note on Mahila Bachat Gat. (1)
Distinguish between Cottage and Small Scale Industry. State True or False with reasons: Small scale industries centralized the economy. (2) Cottage industries do not preserve cultural heritage. (3) Fisheries is well developed in rural India. (4) Sericulture business is mostly developed in Northern part of India. th (5) India is 5 largest poultry producer all over the world. (6) Konkan region is famous for fishing industry. (7) Cottage industries are established only in rural areas. (8) Small scale industries use outdated technology. (9) Very less quantity of small business product is exported. (10) Sickness is very common in small business. (11) Small business work on full utilization of their capacity. (12) Small business is the main source to create employment in rural India. (13) Small scale business is capital intensive industry. (1)
(14) Small
business is not suitable for developing countries. (15) Wood carving is considered as modem small scale industry. (16) Operating cost of small business is high. (17) Cottage industries use modem machines. (18) Horticulture is well developed in rural India. (19) Jute business brings maximum foreign exchange. (20) Small business industries get easy finance at low interest rate. (21) Maintenance cost of small business is high. (22) Small business is able to make huge advertisement and publicity. (23) Small business cannot face global competition. (24) SIDBI is the principal institution to promote small business. (25) Productivity of small business is low because of old equipments. (26) Agriculture is the heart of rural area. (27) Small scale business does not face any infrastructural problems. (28) Maintaining quality is very difficult for small business unit. (29) Small scale business still face export related problems. (30) Small scale business and cottage industries can be alternative for big industries and assuring wealth production. (31) Mahila Bachat Gat plays significant role to support large scale industries. (32) Main objective of Mahila Bachat Gat is only providing loan at low rate of interest. (33) There is remarkable contribution of Mahila Bachat Gat in Maharashtra. (34) Mahila Bachat Gat provides only long term loans. Testing – II Select the correct options from the options given below and rewrite the sentences: (1)
(2)
(3)
(4)
________ industry which produce goods with the help of machines, hired labour and power. (a) Small Scale (b) Cottage (c) Large Scale. The investment limit for tiny sectors will continue to be _________ . (a) Rs. 10 lakhs (b) Rs. 25 lakhs (c) Rs. 1 lakh ______ economy prevents concentration of economic power in few hands. (a) Centralized (b) Decentralised (c) Socialist Manual skills of elder generations can be utilized in _______ industry. (a) Small Scale (b) Large Scale (c) Cottage.
Cost of maintaining cottage industries is very _______. (a) Low (b) high (c) moderate (6) We find agro based industry mainly in ________ areas. (a) Rural (b) urban (c) semi-urban. (7) Sericulture is mostly developed in_____ part of India. (a) Northern part (b) Southern Part (c) West Bengal (8) Forest based industries are mainly found in ______ area. (a) Rural (b) urban (c) semi-urban. (9) ______ is a prime product in rural India. (a) Tea (b) Wool (c) Jute (10) SIDBI is ________ source of finance for small business. (a) Traditional (b) institutional (c) non-institutional (11) Provision of loan from SIDBI for IID Scheme is upto Rs. _______ . (a) 2 crores (b) 3 crores (c) 1 crore (12) 125 block development programme was launched on _______ (a) July, 1982 (b) 2nd October, 1994 (c) April 1957. (13) NPRI provides assistance upto _________ for interventions in cluster. (a) 10 lakh (b) Rs. 20 lakhs (c) Rs. 5 lakhs. (14) District Special employment programme was launched in ________ (a) 1989-90 (b) 1992-93 (c) 1995-96. (15) Cottage industries are specialized in ___________. (a) Luxury goods (b) imported goods (c) consumer goods. (16) Shivaraman committee has suggested establishment of _________ (a) SWS (b) KVIC (c) NABARD. (17) Prime Minister‟s Employment generation programme was introduced under _____ (a) SIDBI (b) NFE (c) KVIC (18) Omaments of bidri work was famous from ________. (a) Nagpur (b) Ratnagiri (c) Aurangabad (19) _______ provides refinance to lending institutions in rural area. (a) NABARD (b) KVIC (c) SIDBI (20) ________ introduced scheme for assistance to ex-service men including widows of ex-servicemen. (a) KVIC (b) NABARD (c) SIDBI (5)
(21) _________
is a statutory body established by an Act of Parliament in April, 1957. (a) SIDBI (b) NABARD (c) KVIC (22) Main objective of _______ Policy Package is to meet global competition. (a) comprehensive (b) 125 block development (c) IID (23) Rate of loan interest for Mahila Bachat Gat is ______ (a) 3% (b) 2% (c) 5% (24) Dr. Mohammad Yunus, Professor of Economics in Chitagaon University had initiated project „Grammen Bank‟ in ______. (a) 1976 (b) 1967 (c) 1987 (25) All clients are rural women with daily incomes of less than Rs. ______/-. (a) 70 (b) 60 (c) 80 (26) Saraswati Mahila Swayam Sahayata Samooh borrowed loan of Rs. ______ and purchase silk reeling machine. (a) 80,000 (b) 60,000 (c) 50,000 Match the following pairs: 1. (1) (2) (3) (4) (5) (6)
2 (1) (2) (3) (4) (5) (6)
Group – A Tea business Rubber business Agro based industry Highly skillful production Turmeric production Hembai Didi
Group - B (a) (b) (c) (d) (e) (f) (g) (h) (i) (j)
Dress Fabric Delta of Ganges Ratnagiri Assam Saraswati Mahila Swayam Sahayata Samooh. Poultry Wood products Sangli Leather goods Southern part of India.
(a) (b) (c) (d) (e) (f)
Group - B Aromatic and medicinal plants. Delta of Ganges Kirloskarwadi Cotton production Poultry Solapur
Group – A Textile Engineering Horticulture Sericulture Jute Dr. Mohammad Yunus
(g) (h) (i) (j)
Grammen Bank Delta of Yamuna Assam Silk production
(a) (b) (c) (d) (e) (f) (g) (h) (i) (j)
Group - B Decrease in operating cost Stable demand Labour shortage No branding Demand fluctuation Mann Deshi Mahila Bachat Gat Increase in operating cost Cottage industries Power shortage Large industries
3 (1) (2) (3) (4) (5) (6)
Group – A Infrastructure problem Marketing problem Export related problem Underutilization of capacity Consumer goods Mrs. Chetana Gala Sinha
4 (1) (2) (3) (4) (5)
Group – A Group - B Financial problem (a) Low productivity Outdated Technology (b) Proper planning and management Quality problem (c) Commercial and Co-operative Bank Sickness (d) Saving bank Institutional Source of (e) High rate of interest financing (f) Money lenders, Agents etc. Non-institutional source of (g) High productivity financing. (h) Land development bank (i) Faulty planning, delayed payment etc (j) Cost cutting concept (k) Agricultural bank (l) Low rate of interest
(6)
5 (1) (2) (3)
Group – A Mineral based industries Traditional small scale industries Modem small scale industries
(a) (b) (c) (d) (e)
Group - B Cycle parts, sewing machine etc. Cottage industries Lijat Papad Cars producing industries Honey collection
(4) (5) (6)
Common consumer goods Agro based industries Forest industry
(f) (g) (h) (i) (j) (k)
Dress Fabric Cement Industries Footwear, garments, toys etc. Textile industry Ivory, good carving, carpet, etc. Power industry
Fill in the blanks: Industries in which mostly operations by hand are involved are called as _____ industries. (2) Small scale industries are directly related to _______. (3) Absorption of surplus amount of labour helps to control ______ and _____ in the economy. (4) Countries which are characterised by acute _____ problem should emphasis small scale industry model. (5) Small business can be set up within ________ period of time. (6) _______ method involves operations by hand and skill of labourer. (7) _______ method involves operations by machines. (8) Handicraft, embroidery, handloom, ivory product contributes ______ of total exports. (9) On the basis of capital invested small business is segregated as _____ and _____ sector. (10) On the basis of location small business is considered as _______ or ______ industry. (11) Cottage industries are based on________ production. (12) Cottage industry started its function especially in country where ______ and _____ prevail. (13) Cost of maintaining cottage industries is very _____ as compared to other industries. (14) Small scale industry is the ______ to economic growth. (15) Investment in plant and machinery of cottage industry should not exceed Rs.________. (16) Ministry of Agro rural industries (MOARI) in India established in _______. (1)
(17) _______
business creates largest employment opportunities for rural India next to agriculture. (18) Small industries in rural areas are ________ based. (19) Agriculture is the ______ of rural area. (20) Mahila Bachat Gat is organisation of co-operation and for _______. (21) Rate of loan interest for Mahila Bachat Gat is _____ %. (22) Mahila Bachat Gat was stated in _______. (23) Professor _____ of economics in Chitgaon University had initiated project “___________in 1976”. (24) Basic objective of Mahila Bachat Gat was to provide loans to landless poor women to promote _______. (25) __________ is a founder and head of Mann Deshi Mahila Bachat Gat. (26) Development of small business in rural India results in ______ industrial expansion. (27) Increase in number of ______ at rural part has encouraged competitiveness. (28) Lack of ______ is the most serious problem faced by small business. (29) For small scale industries their credit needs are met by _________ and _________ sources of finance. (30) Uses of _______ technical know-how and skills have resulted in low productivity in many industries. (31) Small business adopts ______ oriented method of pricing. (32) Industrial units unable to sustain themselves _____ are called as sick units. (33) Maintaining _______ is the weakest point when small business competes in global market. (34) 125 Block Development programme was launched on _______. (35) NABARD is established on the recommendations of _____ committee by an act of Parliament. (36) S.P. Gupta Committee recommended ________ policy package. (37) Micro industries are part of _____ industries. (38) Investment limit for small business unit should not exceed _______. (39) India is _______ largest poultry producer all over the world. (40) Industry which involves silk production is called ______. (41) Bank which is set up as an apex development bank in rural area is ______. (42) KVIC is established in the year ________. (43) SIDBI is established in the year ________.
(44) Collection
of enterprises producing same or similar products or services is called as ______. (45) UPTECH programme was launched in the year ______. (46) Priority was given to the tiny sector in government purchases under ______ policy. (47) Investment in plant and machinery for cottage and tiny sector does not exceed _______. (48) Third Census of small industry after a gap of 12 years was conducted under ________. (49) Comprehensive Policy Package 2000 was recommended by _______ committee. (50) Mahila Udyam Nidhi Scheme was recommended by ______. (51) Long term loans for fixed capital to new tiny and small business is provided by _______. (52) The programme which was launched on birth anniversary of Mahatma Gandhi is _______. (53) Provision of loan from SIDBI for 11 D Schemes is upto Rs. ______. Suggest one word or commercial phrase for the following:(1) (2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
A statutory body established by an Act of Parliament in April, 1957. A policy recommended by S.P. Gupta Committee was an aim to meet global competition. A bank established on the recommendations of Shivaraman Committee by an Act of Parliament in July, 1982. Equity type support for setting new projects in TINY Sectors and provides assistance for sick units. Refinance assistance for development, expansion, diversification and rehabilitation of small cottage, tiny and village industries. An industry in which investment in fixed asset is more than 25 lakh but does not exceed 5 crores. Sector of small scale unit where investment in plant and machinery is upto Rs. 25 lakhs irrespective of location of unit. An industry in which creation of product and services is home based rather than factor based. Business which requires low gestation period.
(10) Type
of goods produced in cottage industry. (11) Technique of production used in cottage industry. (12) Industry which preserves culture heritage in the form of skillful production. (13) Place in Maharashtra famous for wooden toys. (14) An industry in which mostly operations by hands are involved. (15) Part of rural industry based on agricultural products. (16) Agro-industry which involves silk production. (17) Rural industry sector which brings maximum foreign exchange. (18) The delta of river Ganges is rich in this production. (19) Malabar coast in Kerala is famous for this business. (20) Fishing industry is considered as prime industry in this region. (21) Sector which is backbone of rural India. (22) Sector which is active in agro-based industry especially in Western Maharashtra. (23) Quality certification which is required in markets of developed countries. th (24) Scheme for backward area which is formulated since 8 five year plan period. (25) Programme which emphasizes employment generation of 10,000 persons per district over a period of time. (26) Finance institution which is wholly owned subsidiary of IDBI. (27) Scheme announced by SIDBI for purchasing mobile sales van. (28) Scheme announced by SIDBI for acquisition of electro medical and other equipments. (29) An apex development bank which facilitates credit flow in rural area. (30) Committee which has recommended Comprehensive Policy Package 2000. (31) Provides guidelines to members to start cottage industry. (32) Elevates economic status of women in family. (33) Professor of economics in Chitgaon University who initiated project „Grammen Bank‟. (34) Founder and head of Self Help Group. Write short notes on the following: (1) (2) (3)
Meaning and definition of small business. List the features of small business. Classification of small scale industries.
Benefits of Cottage Industries. (5) Types of Rural Industries. (6) Raw Material problems of small business. (7) Infrastructure Problems of small business. (8) Technological problems of small business. (9) Marketing problems of small business. (10) Sickness problem of small business. (11) Integrated Infrastructural Development Centres. (12) District Special Employment Programme (13) 125 Block Development programme (14) Package for tiny sectors. (15) Cluster based approach. (16) New small Enterprise Policy 1991 (17) Financial Assistance for small business. (18) Comprehensive Policy Package 2000. (19) Schemes by SIDBI. (20) SIDBI (21) NABARD (22) Functions of NABARD (23) KVIC (24) Functions of KVIC. (4)
Write short answers for the following: (1) (2) (3) (4) (5) (6) (7) (8)
What is small business? Explain its features in detail. What are the major sectors in rural economy? Discuss the role of Small Business in Rural India. What is Mahila Bachat Gat? What are the objectives of Mahila Bachat Gat? List some Mahila Bachat Gats in Maharashtra. List different types of loans offered by Mahila Bachat Gat. Write a note on Mahila Bachat Gat.
Answer the following questions in detail:
Problems in marketing field have resulted in under utilization of small business. Explain. (2) Small business in India can face global competition. Do you agree with this statement? Explain. (3) Cottage industries must be necessarily rural industries. Discuss the authenticity of the statement. (4) Explain how employment generation created by small business solves other problems in rural economy. (5) Explain how marketing problems lead to industrial sickness in case of small business. (6) Non-availability of funds and raw material is the root cause of sickness in small business. Explain validity of this statement. (7) Explain the schemes provided for upgradation of small business in backward and hilly areas. (8) What is SIDBI? Explain its objectives and major activities. (9) Discuss various schemes introduced by SIDBI. (10) What is NABARD? Explain the role and functions of NABARD. (11) What is KVIC? Explain its functions in detail. (12) What is the contribution of Mahila Bachat Gat in Maharashtra? (13) Describe the scope of Mahila Bachat Gat in Maharashtra. (14) Explain the impact of Mahila Bachat Gat in the life of rural women of India. (15) Enumerate various Mahila Bachat Gat in Maharashtra. (16) Explain the contribution of Mahila Bachat Gat in Maharashtra. (1)
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