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1. What is the primary characteristic of a small business?
Large capital investment · Limited size and scale · High employee count · Global market reach
2. Which of the following is NOT a type of small business?
Sole proprietorship · Partnership · Corporation · Cooperative
3. What is the maximum investment limit for a small-scale industry as per the Government of India?
Rs. 1 crore · Rs. 5 crore · Rs. 10 crore · Rs. 50 lakh
4. Which of the following is a common advantage of small businesses?
High operational costs · Flexibility in operations · Limited market competition · Large workforce
5. What is a significant disadvantage faced by small businesses?
Access to finance · High brand recognition · Economies of scale · Diverse product range
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