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1. What is a small business primarily characterized by?
Large capital investment · Small scale of operations · International operations · High employee count
2. Which of the following is a common feature of small businesses?
Limited market reach · Extensive research and development · High level of automation · Global supply chains
3. What is the maximum investment limit for a small business in India as per the MSME Act?
Rs. 1 crore · Rs. 5 crore · Rs. 10 crore · Rs. 20 crore
4. Which of the following is NOT a type of small business?
Sole proprietorship · Partnership · Public limited company · Cooperative society
5. What is the primary objective of a small business?
Maximizing profits · Providing employment · Serving the community · All of the above
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