Entrepreneurship, Module-1 - Practice Mode

1) A small business run by a single person is called as _______.

Multinational Unit Partnership Sole Proprietorship Private Limited

Correct Answer: Sole Proprietorship

2) Bindu has started a small auto repair shop. She is the only person managing the business. Which kind of business it is?

Partnership Private Limited Multinational Unit Sole Proprietorship

Correct Answer: Sole Proprietorship

3) _____?is the ministry in the Govt. of India that forms and implements the rules and regulations for enterprises in India.

MSDE MSME NIMI DGT

Correct Answer: MSME

4) Which document is not required to complete UDYAM/MSME registration?

PAN Card Aadhar Card Income Tax Return Blood Certificate

Correct Answer: Blood Certificate

5) Rahim is filing tax for the first time for his business. Which of these elements are NOT needed for filing tax?

Birth Certificate PAN Card Aadhar Card Income Tax Return

Correct Answer: Income Tax Return

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