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Small Business Test - 18

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Small Business Test - 18
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Weekly Quiz Competition
  • Question 1
    1 / -0
    Scheme of fund for regeneration of traditional industries was set up in ________.
    Solution
    Scheme of fund for regeneration of traditional industries was set up in the year 2005 with the view to promote Cluster development.
    SFURTI is Scheme of Fund for Regeneration of Traditional Industries.

  • Question 2
    1 / -0
    __________ is the only International Non-Governmental Organisation of micro, small and medium enterprises based in India, which set up an International Committee for Rural Industrialization.
    Solution
    • World Association for Small and Medium Enterprises (WASME) is the only International Non-Governmental Organisation of micro, small and medium enterprises based in India, which set up an International Committee for Rural Industrialization.
    • Its aim is to develop an action plan model for sustained growth of rural enterprises.
  • Question 3
    1 / -0
    ________ programme aims at promoting a conducive business environment and at building institutional and human capacities that will encourage and support the entrepreneurial initiatives of rural people and women.
    Solution
    RWED programme aims at promoting a conducive business environment and at building institutional and human capacities that will encourage and support the entrepreneurial initiatives of rural people and women.The main objective of this study provides a strategy for women's empowerment for rural development. Empowerment can enable women to participate, as equal citizens, in the economic, political and social sustainable development of the rural communities. 


  • Question 4
    1 / -0
    SFURTI stands for _____________.
    Solution
    SFURTI stands for Scheme of Fund for Regeneration of Traditional Industries
    SFURTI is Scheme of Fund for Regeneration of Traditional Industries. Ministry of Micro Small and Medium Enterprises (MSME), Govt. of India has launched this scheme in the year 2005 with the view to promote Cluster development.
  • Question 5
    1 / -0
    RWED stands for ____________________.
    Solution
    RWED stands for Rural and Women Entrepreneurship Development.
    RWED aims to promote female entrepreneurship in rural areas and  improve women's professional qualifications in rural areas by organising a development program i.e. through training on business matters, confidence and self-awareness of oneself and techniques related to the care of dependent elderly people.
  • Question 6
    1 / -0
    __________ was set up as an apex bank to provide direct/indirect financial assistance under different schemes, to meet credit needs of small business organisations and to coordinate the functions of other institutions in similar activities.
    Solution
    • Small Industries Development Bank of India (SIDBI):
    • Set up as an apex bank to provide direct/indirect financial assistance under different schemes, to meet credit needs of small business organisations.
    • To coordinate the functions of other institutions in similar activities.

    Small Industries Development Bank of India (SIDBI) was set up on 2nd April 1990 under an Act of Indian Parliament. It acts as the Principal Financial Institution for Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector. It also co-ordinates functions of institutions engaged in similar activities.
  • Question 7
    1 / -0
    NCEUS was constituted in __________.
    Solution
    NCEUS was constituted in September,2004.
    The National Commission for Enterprises in the Unorganised Sector (NCEUS) is a national body commissioned by the Indian government to address the issues faced by enterprises in relation to the unorganised sector.
  • Question 8
    1 / -0
    NCEUS stands for ____________________________.
    Solution
    NCEUS stands for The National Commission for Enterprises in the Unorganised Sector.
    The National Commission for Enterprises in the Unorganised Sector (NCEUS) is a national body commissioned by the Indian government to address the issues faced by enterprises in relation to the unorganised sector.
  • Question 9
    1 / -0
    WASME stands for ___________________.
    Solution
    WASME stands for World Association for Small and Medium Enterprises.World Association for Small and Medium Enterprises (WASME) is a global non-profit organization, headquartered at Noida, India, that has been spearheading the cause and development of Small and Medium Enterprises (SMEs) world over since its inception in 1980.
  • Question 10
    1 / -0
    Which of the following are the characteristics of a person with weak sense of self-efficacy?
    X. Recovering quickly from setbacks and disappointments
    Y. Focusing on personal failing and negative outcomes
    Z. Avoiding challenging tasks  
    The correct option is __________.
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