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

  • A) Multinational Unit
  • B) Partnership
  • C) Sole Proprietorship ✅
  • D) Private Limited

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

  • A) Partnership
  • B) Private Limited
  • C) Multinational Unit
  • D) Sole Proprietorship ✅

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

  • A) MSDE
  • B) MSME ✅
  • C) NIMI
  • D) DGT

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

  • A) PAN Card
  • B) Aadhar Card
  • C) Income Tax Return
  • D) Blood Certificate ✅

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

  • A) Birth Certificate
  • B) PAN Card
  • C) Aadhar Card
  • D) Income Tax Return ✅