Unit 5: MSME’s and MNC’s — Online MCQ Test
COMMERCE & ACCOUNTANCY · CLASS 11 INTERMEDIATE 1 YEAR · Telangana State Board
Practice Unit 5: MSME’s and MNC’s with a free chapter-wise online MCQ test.
This chapter covers: Focusing on modern business environments this chapter covers Micro Small Medium Enterprises role features government assistance schemes and Multinational Corporations features grow....
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Unit 5: MSME’s and MNC’s — Important Questions & Answers
What does MSME stand for?
- A. Medium Scale Manufacturing and Exports
- B. Micro, Small and Medium Enterprises
- C. Modern Service and Marketing Enterprises
- D. Multi-State Manufacturing Enterprises
Answer: B. Micro, Small and Medium Enterprises
MSME is the abbreviation for Micro, Small and Medium Enterprises. It refers to enterprises classified by investment and turnover limits.
MSME is the abbreviation for Micro, Small and Medium Enterprises. It refers to enterprises classified by investment and turnover limits.
Which of the following is a key feature of a Multinational Corporation (MNC)?
- A. It operates only in one country
- B. It has branches or operations in more than one country
- C. It is owned only by the government
- D. It produces only agricultural goods
Answer: B. It has branches or operations in more than one country
An MNC carries out business operations in more than one country. It usually has a headquarters in one country and branches in others.
An MNC carries out business operations in more than one country. It usually has a headquarters in one country and branches in others.
A bakery in Telangana employs 12 workers and has limited investment. Which category does it most likely belong to?
- A. Large enterprise
- B. Micro enterprise
- C. Public sector unit
- D. Multinational corporation
Answer: B. Micro enterprise
A small bakery with low investment and few workers is generally classified as a micro enterprise. MSME classification depends on investment and turnover limits.
A small bakery with low investment and few workers is generally classified as a micro enterprise. MSME classification depends on investment and turnover limits.
Which of the following is a possible adverse impact of MNCs on domestic industries?
- A. Encouragement of local entrepreneurship
- B. Increased competition forcing inefficiency removal
- C. Crowding out of small local firms
- D. Improved technology diffusion
Answer: C. Crowding out of small local firms
MNCs may dominate markets because of their strong capital and technology. This can crowd out smaller local firms that cannot compete effectively.
MNCs may dominate markets because of their strong capital and technology. This can crowd out smaller local firms that cannot compete effectively.
Which of the following schemes/institutions is most directly linked with helping MSMEs obtain raw materials, marketing support, and buyer-seller interaction?
- A. NSIC
- B. IMF
- C. UNESCO
- D. SEBI
Answer: A. NSIC
NSIC provides several support services to MSMEs, including raw material assistance and marketing support. It helps them become competitive in the market.
NSIC provides several support services to MSMEs, including raw material assistance and marketing support. It helps them become competitive in the market.