MCQs on Self employment and wage employment

Business Studies MCQ: In this blog post, we have written important MCQs on Employment (Self employment and wage employment) in business studies.

These multiple-choice questions are important for classes 11th, 12th, and other competitive exams.

MCQs on Self employment

1. Identify the category of self-employment from the following-

Mohan’s mother is a doctor who runs her own clinic.



 Individualized Service

 Professional Occupation

2. Mention the full form of SIDBI:

Small Industries Development Bank of India

 Special Industries Development Bank of India

 Small Infrastructure Development Bank of India

 Small Industries Departmental Bank of India

3. National Small Industries Corporation Ltd. (NSIC) was set up in the year.





4., Occupations that require special knowledge and training in a particular field and also provide opportunities for self-employment is:




 Individualized Services

5. What is the full form of NABARD?

 National Board for Administrative and Rural Development

 National Bank for Agriculture and Rural Development

 National Bank for Academic and Rural Development

 National Bank for Aeronautics and Rural Development

6. Which of the following is not a characteristic feature of Small businesses?

 Managed by one or a few persons

 Owners take active participation in day to day activities of the business

 It generally uses local resources for its operation

 The area of operation of a small business is large

7. Which of the following is self-employment?

 Mr. X running his stationery shop

 Mr. X working in a factory

 Mr. Z working in an MNC

 Mr. Y working in an insurance company

MCQs on wage employment

1. Electronic media does not include:





2. In …………… the employee has to work according to the terms and conditions of employment.

 Wage Employment



 Small Business

3. Print media includes:


 Employment News

 Journals and Magazines

 All of the above

4. Wage employment means:

 Serving another person for wages or salary

 Doing business

 Engaging in some economic activity on his own

 None of the above

5. Which of the following are the possible sources of information about job vacancies?

 Employment Exchanges

 Placement Agencies

 Newspapers and Magazines

 All a, b, c

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