Chapter msme-and-business-entrepreneurship: MSME and Business Entrepreneurship Assertion-Reason Questions | business studies Class 11 CBSE

Chapter msme-and-business-entrepreneurship: MSME and Business Entrepreneurship Assertion-Reason Questions | business studies Class 11 CBSE | ByteNotes.in

Assertion-Reason

Easy difficulty • Check the statement and reason

Easy

Question 1

Logic Check

Assertion (A): MSMEs are considered more suitable for a labour surplus country like India. Reason (R): MSMEs generate more employment per unit of capital invested compared to large industries.

Reasoning Options

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Assertion-Reason

Medium difficulty • Check the statement and reason

Medium

Question 2

Logic Check

Assertion (A): Copyright registration is mandatory in India for a work to be protected. Reason (R): Copyright protection arises automatically as soon as an original work comes into existence.

Reasoning Options

ByteNotes

Assertion-Reason

Easy difficulty • Check the statement and reason

Easy

Question 3

Logic Check

Assertion (A): MSMEs contribute to balanced regional development across India. Reason (R): MSMEs use simple technologies and locally available resources, and can be set up anywhere without locational constraints.

Reasoning Options

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Assertion-Reason

Medium difficulty • Check the statement and reason

Medium

Question 4

Logic Check

Assertion (A): Traditional knowledge-based formulations can be patented by any person who first files the patent application. Reason (R): Traditional knowledge is explicitly excluded from patentability under the Indian Patents Act, 1970.

Reasoning Options

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Assertion-Reason

Easy difficulty • Check the statement and reason

Easy

Question 5

Logic Check

Assertion (A): Entrepreneurship is a mysterious gift possessed only by naturally born entrepreneurs. Reason (R): Entrepreneurship is a systematic activity that can be acquired through education, training, and work experience.

Reasoning Options

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Assertion-Reason

Easy difficulty • Check the statement and reason

Easy

Question 6

Logic Check

Assertion (A): A patent creates a temporary monopoly for the inventor. Reason (R): Once the patent term expires, the invention enters the public domain and can be freely used by anyone.

Reasoning Options

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Assertion-Reason

Easy difficulty • Check the statement and reason

Easy

Question 7

Logic Check

Assertion (A): MSMEs face serious problems in obtaining finance from banks. Reason (R): MSMEs often lack adequate collateral security, which banks require as a precondition for lending.

Reasoning Options

ByteNotes

Assertion-Reason

Medium difficulty • Check the statement and reason

Medium

Question 8

Logic Check

Assertion (A): A Geographical Indication (GI) tag can be granted to products produced anywhere in the world. Reason (R): A GI tag identifies products originating from a specific geographical territory where quality or reputation is attributable to that origin.

Reasoning Options

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Assertion-Reason

Easy difficulty • Check the statement and reason

Easy

Question 9

Logic Check

Assertion (A): MSMEs are an important source of employment in rural India. Reason (R): MSMEs help prevent rural-urban migration by creating employment opportunities in non-agricultural activities in rural areas.

Reasoning Options

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Assertion-Reason

Medium difficulty • Check the statement and reason

Medium

Question 10

Logic Check

Assertion (A): A trademark must always be a single word or logo. Reason (R): Trademarks can be any word, name, symbol, or their combination that helps identify and distinguish goods of one company from another.

Reasoning Options

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Assertion-Reason

Easy difficulty • Check the statement and reason

Easy

Question 11

Logic Check

Assertion (A): MSMEs have a competitive advantage due to low cost of production. Reason (R): MSMEs use locally available resources which are less expensive, and have low overhead and establishment costs.

Reasoning Options

ByteNotes

Assertion-Reason

Easy difficulty • Check the statement and reason

Easy

Question 12

Logic Check

Assertion (A): India has one of the largest startup ecosystems in the world. Reason (R): With over 20,000 startups, India is said to have the third largest startup ecosystem globally.

Reasoning Options

ByteNotes

Assertion-Reason

Medium difficulty • Check the statement and reason

Medium

Question 13

Logic Check

Assertion (A): MSMEs are well equipped to handle global competition from multinational companies. Reason (R): MSMEs face significant competition from both large domestic industries and multinational giants that have far greater size and business volumes.

Reasoning Options

ByteNotes

Assertion-Reason

Medium difficulty • Check the statement and reason

Medium

Question 14

Logic Check

Assertion (A): Design protection under the Designs Act is permanent and does not expire. Reason (R): Design protection is initially valid for 10 years and can be renewed for a further period of 5 years.

Reasoning Options

ByteNotes

Assertion-Reason

Medium difficulty • Check the statement and reason

Medium

Question 15

Logic Check

Assertion (A): The MSMED Act, 2006 brought micro, small, and medium enterprises under a single legal framework. Reason (R): Earlier, there was no comprehensive law covering both SSI and service enterprises together, leading to gaps in policy support.

Reasoning Options

ByteNotes

Assertion-Reason

Medium difficulty • Check the statement and reason

Medium

Question 16

Logic Check

Assertion (A): Cottage industries are defined by capital investment criteria similar to other small scale industries. Reason (R): Cottage industries, also known as rural or traditional industries, are not defined by capital investment criteria.

Reasoning Options

ByteNotes

Assertion-Reason

Easy difficulty • Check the statement and reason

Easy

Question 17

Logic Check

Assertion (A): The Startup India scheme is designed to convert India into a nation of job-creators rather than job-seekers. Reason (R): The scheme aims to build an entrepreneurial ecosystem by nurturing innovation, supporting startups, and encouraging educated youth to pursue entrepreneurship.

Reasoning Options

ByteNotes

Assertion-Reason

Medium difficulty • Check the statement and reason

Medium

Question 18

Logic Check

Assertion (A): Newton's discovery of gravity can be patented as it was a path-breaking finding. Reason (R): Only inventions can be patented — discoveries that merely highlight already existing natural phenomena cannot be granted patent protection.

Reasoning Options

ByteNotes

Assertion-Reason

Easy difficulty • Check the statement and reason

Easy

Question 19

Logic Check

Assertion (A): MSMEs help reduce income inequalities and promote dispersed development of industries. Reason (R): MSMEs are widely spread across rural and semi-urban areas, utilising local resources and generating employment in backward regions.

Reasoning Options

ByteNotes

Assertion-Reason

Medium difficulty • Check the statement and reason

Medium

Question 20

Logic Check

Assertion (A): Quality maintenance is the strongest competitive aspect of MSMEs when competing in global markets. Reason (R): Many MSMEs lack adequate resources to invest in quality research, upgrade technology, and maintain international standards.

Reasoning Options

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Chapter msme-and-business-entrepreneurship: MSME and Business Entrepreneurship | Assertion-Reason

Assertion (A): MSMEs are considered more suitable for a labour surplus country like India. Reason (R): MSMEs generate more employment per unit of capital invested compared to large industries.

Assertion (A): Copyright registration is mandatory in India for a work to be protected. Reason (R): Copyright protection arises automatically as soon as an original work comes into existence.

Assertion (A): MSMEs contribute to balanced regional development across India. Reason (R): MSMEs use simple technologies and locally available resources, and can be set up anywhere without locational constraints.

Assertion (A): Traditional knowledge-based formulations can be patented by any person who first files the patent application. Reason (R): Traditional knowledge is explicitly excluded from patentability under the Indian Patents Act, 1970.

Assertion (A): Entrepreneurship is a mysterious gift possessed only by naturally born entrepreneurs. Reason (R): Entrepreneurship is a systematic activity that can be acquired through education, training, and work experience.

Assertion (A): A patent creates a temporary monopoly for the inventor. Reason (R): Once the patent term expires, the invention enters the public domain and can be freely used by anyone.

Assertion (A): MSMEs face serious problems in obtaining finance from banks. Reason (R): MSMEs often lack adequate collateral security, which banks require as a precondition for lending.

Assertion (A): A Geographical Indication (GI) tag can be granted to products produced anywhere in the world. Reason (R): A GI tag identifies products originating from a specific geographical territory where quality or reputation is attributable to that origin.

Assertion (A): MSMEs are an important source of employment in rural India. Reason (R): MSMEs help prevent rural-urban migration by creating employment opportunities in non-agricultural activities in rural areas.

Assertion (A): A trademark must always be a single word or logo. Reason (R): Trademarks can be any word, name, symbol, or their combination that helps identify and distinguish goods of one company from another.

Assertion (A): MSMEs have a competitive advantage due to low cost of production. Reason (R): MSMEs use locally available resources which are less expensive, and have low overhead and establishment costs.

Assertion (A): India has one of the largest startup ecosystems in the world. Reason (R): With over 20,000 startups, India is said to have the third largest startup ecosystem globally.

Assertion (A): MSMEs are well equipped to handle global competition from multinational companies. Reason (R): MSMEs face significant competition from both large domestic industries and multinational giants that have far greater size and business volumes.

Assertion (A): Design protection under the Designs Act is permanent and does not expire. Reason (R): Design protection is initially valid for 10 years and can be renewed for a further period of 5 years.

Assertion (A): The MSMED Act, 2006 brought micro, small, and medium enterprises under a single legal framework. Reason (R): Earlier, there was no comprehensive law covering both SSI and service enterprises together, leading to gaps in policy support.

Assertion (A): Cottage industries are defined by capital investment criteria similar to other small scale industries. Reason (R): Cottage industries, also known as rural or traditional industries, are not defined by capital investment criteria.

Assertion (A): The Startup India scheme is designed to convert India into a nation of job-creators rather than job-seekers. Reason (R): The scheme aims to build an entrepreneurial ecosystem by nurturing innovation, supporting startups, and encouraging educated youth to pursue entrepreneurship.

Assertion (A): Newton's discovery of gravity can be patented as it was a path-breaking finding. Reason (R): Only inventions can be patented — discoveries that merely highlight already existing natural phenomena cannot be granted patent protection.

Assertion (A): MSMEs help reduce income inequalities and promote dispersed development of industries. Reason (R): MSMEs are widely spread across rural and semi-urban areas, utilising local resources and generating employment in backward regions.

Assertion (A): Quality maintenance is the strongest competitive aspect of MSMEs when competing in global markets. Reason (R): Many MSMEs lack adequate resources to invest in quality research, upgrade technology, and maintain international standards.

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