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Micro, Small and Medium Enterprises (MSEMs)

NIOS · Class 10 · Entrepreneurship

Flashcards for Micro, Small and Medium Enterprises (MSEMs) — NIOS Class 10 Entrepreneurship. Quick Q&A cards covering key concepts, definitions, and formulas.

78 questions32 flashcards5 concepts

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32 Flashcards
Card 1Enterprise definition

What is an enterprise under the MSME Act 2006?

Answer

An enterprise means an industrial undertaking, a business concern, or any other establishment engaged in manufacturing or production of goods, or in providing or rendering services. It includes both m

Card 2Importance of MSMEs

Why are MSMEs called the engine of growth for India?

Answer

MSMEs are called the engine of growth because they create employment, support manufacturing, reduce regional imbalance, and contribute to GDP. MSME sector forms 8% of India’s GDP.

Card 3Economic Census

How many Economic Censuses have been conducted in India so far?

Answer

Six Economic Censuses have been conducted in India so far.

Card 4Economic Census

What did the Sixth Economic Census find in 2013?

Answer

The Sixth Economic Census found 58.5 million establishments in operation.

Card 5MSME statistics

What does the NSS 73rd Round report about MSMEs in India?

Answer

According to the NSS 73rd Round, there are 633.92 lakh MSMEs in India, and only 4000 of them were large industries.

Card 6Factory definition

What is a factory under the Factories Act 1948?

Answer

A factory means any premises where a manufacturing process is carried on or is ordinarily carried on. It is linked with worker thresholds and the use of power.

Card 7Factory conditions

What are the worker limits for a factory using power and a factory without power?

Answer

A factory using power requires 50 or more workers on any day of the preceding twelve months. A factory without power requires 100 or more workers on any day of the preceding 12 months.

Card 8Manufacturing vs service

What is the main difference between manufacturing and service sectors?

Answer

The manufacturing sector produces tangible goods, while the service sector provides services instead of tangible goods. Manufacturing products can be stored, but services are usually consumed as they

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Frequently Asked Questions

What are the important topics in Micro, Small and Medium Enterprises (MSEMs) for NIOS Class 10 Entrepreneurship?
Micro, Small and Medium Enterprises (MSEMs) covers several key topics that are frequently asked in NIOS Class 10 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Micro, Small and Medium Enterprises (MSEMs) — NIOS Class 10 Entrepreneurship?
Understand the core concepts first, then work through the 78 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.
How many flashcards are available for Micro, Small and Medium Enterprises (MSEMs)?
There are 32 flashcards for Micro, Small and Medium Enterprises (MSEMs) covering key definitions, formulas, and concepts. Use them daily for 10–15 minutes for best results.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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