NCERT Solutions for Class 11 Business Studies Chapter 9

Small Business Class 11

Chapter 9 Small Business Exercise Solutions

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Short answers : Solutions of Questions on Page Number : 223

Q1 :  

What are the different parameters used to measure the size of the business?

 


Answer :

The following are the various parameters that are used to measure the size of a business.

(a) Number of people hired in the business

(b) Amount of capital invested in the business

(c) Volume or value or units of output produced by the business

(d) Power consumption by the business in carrying out its activities

 

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Q2 :  

What is the definition used by Government of India for small scale industries?

 


Answer :

The Government of India classifies an industry as a small scale industry on the basis of the level of investment made in it. Industries where the amount invested in the fixed assets (particularly plant and machinery) is less than Rs. 1 crore are regarded as small-scale industries. However, export-oriented units that use modern production techniques are considered as small-scale industries if their investment does not exceed Rs. 5 crore.

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<< Previous Chapter 8 : Sources of Business Finance Next Chapter 10 : Internal Trade >>

Short answerslong answers : Solutions of Questions on Page Number : 224

Q1 :  

How do small scale industries contribute to the socio-economic development of India?


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Q2 :  

Describe the role of small business in rural India.


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Q3 :  

How would you differentiate between an ancillary and a tiny unit?

 


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Q4 :  

Discuss the problems faced by small scale industries.


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Q5 :  

State the features of cottage industries.

 


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Q6 :  

What measures has the government taken to solve the problems of finance and marketing in the small scale sector?


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Q7 :  

What are the incentives provided by the government for industries in backward and hilly areas?


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<< Previous Chapter 8 : Sources of Business Finance Next Chapter 10 : Internal Trade >>

Business Studies : CBSE NCERT Exercise Solutions for Class 11th for Small Business will be available online in PDF book form soon. The solutions are absolutely Free. Soon you will be able to download the solutions.

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