61. What types of labour is required in Services business?
(a) Unskilled
(b) Skilled Professionals
(c) Experts
(d) both (b) and (c)
62. What types of labour is required in Merchandising business?
(a) unskilled
(b) skilled
(c) sales person
(d) both (a) and (b)
63. In which business customer demand is forecasted and goods are produced accordingly?
(a) manufacturing business
(b) trading business
(c) service business
(d) merchandising business
63. In which business customer demand is forecasted and goods are produced accordingly?
(a) manufacturing business
(b) trading business
(c) service business
(d) merchandising business
64. In which business services provided as per needs and demands of the clients?
(a) manufacturing business
(b) trading business
(c) service business
(d) merchandising business
65. In which business procured goods are sold?
(a) manufacturing business
(b) trading business
(c) service business
(d) merchandising business
66. On what basis the types of businesses in our community can be categorised ?
(a) size
(b) legal form
(c) sector
(d) all of these
67. On the basis of size, businesses are categorised into which category?
(a) Micro Enterprise
(b) Small Enterprise
(c) Medium Enterprise
(d) All of these
68. On the basis of sector, businesses are categorised into which category?
(a) Primary Sector
(b) Secondary Sector
(c) Tertiary Sector
(d) All of these
69. On the basis of sector, businesses are categorised into which category?
(a) Micro Enterprise
(b) Small Enterprise
(c) Medium Enterprise
(d) All of these
70. On the basis of legal form, businesses are categorised into which category?
(a) Sole proprietorship
(b) One Person Company
(c) Partnership
(d) Limited Liability Partnership
(e) Company
(f) All of these
71. A __________ is a business enterprise where the investment in plant and machinery or equipment is not more than INR 1 crore and turnover does not exceed INR 5 crores.
(a) Micro Enterprise
(b) Small Enterprise
(c) Medium Enterprise
(d) All of these
72. A __________ is a business enterprise where the investment in plant and machinery or equipment is not more than INR 10 crore and turnover does not exceed INR 50 crores.
(a) Micro Enterprise
(b) Small Enterprise
(c) Medium Enterprise
(d) All of these
73. A __________ is a business enterprise where the investment in plant and machinery or equipment is not more than INR 50 crore and turnover does not exceed INR 250 crores.
(a) Micro Enterprise
(b) Small Enterprise
(c) Medium Enterprise
(d) All of these
74. Match the column A and Column B.
| Column – A | Column – B |
| (A) Micro Enterprises | (i) Investment <= 10 Crore & Turnover <= 50 Crore |
| (B) Small Enterprise | (iii) Investment <= 50 Crore & Turnover <= 250 Crore |
| (C) Medium Enterprise | (iii) Investment <= 1 Crore & Turnover <= 5 Crore |
(a) A – i, B – ii, C – iii
(b) A – ii, B – i, C – iii
(c) A – iii, B – i, C – ii
(d) A – iii, B – ii, C – i
75. In a _____________, the ownership and control of the business is with one single person, and the liability of the owner is not separate from the entity.
(a) Sole proprietorship
(b) One Person Company
(c) Company
(d) Limited Liability Partnership
76. A _____________, has only one person as a member, who acts in the capacity of both, a shareholder and a director, but an OPC is legally separate from its owners.
(a) Sole proprietorship
(b) One Person Company
(c) Company
(d) Limited Liability Partnership
77. In _________ legal form, where at least two people, or more start a business as co-founders or co-owners and divide the share as per agreement.
(a) Sole proprietorship
(b) One Person Company
(c) Company
(d) Partnership
78. The partners of partnership firm are personally liable for an __________ amount of liabilities.
(a) fixed
(b) limited
(c) unlimited
(d) None of these
79. In a _______________, there are two or more partners.
(a) One Person Company
(b) Partnership
(c) Limited Liability Partnership
(d) None of these
80. In ___________, no one single partner or owner is individually responsible for any other partner’s or member’s negligence or misconduct or liability.
(a) One Person Company
(b) Limited Liability Partnership
(c) Partnership
(d) None of these
