unit 1. entrepreneur and entrepreneurship

DNYANSAGAR ARTS AND COMMERCE COLLEGE, BALEWADI, PUNE45

Subject – Entrepreneurship Development (502) Class : TYBBA (2013 Pattern)

PROF . SWATI BHALERAO www.dacc.edu.in

UNIT 1. ENTREPRENEUR AND ENTREPRENEURSHIP

1. Entrepreneurial behaviours includes:

a. Solving problems

b. Taking initiatives

c. Taking responsibility

d. All of above

2. Entrepreneurs attributes includes:

a. Preservence

b. Hard working

c. Determination

d. All of above

3. Entrepreneurs skills includes:

a. Creative problem solving

b. Persuading

c. Negotiation

d. All of above

4. The term “entrepreneurs” was applied to business initially by the French economist in

the 18th century:

a. Cantillon

b. Jan Tinbergen

c. J.S.Mill

d. None of above

5. Which business function do experts agree, you should focus on first when preparing to

start a business.

a. Financing

b. Marketing vision

c. Operation

d. None of above




6. Which of the following is not something that can be invested:

a. Energy

b. Experties

c. Money

d. Time

7. From the following which one is factor affecting entrepreneurial growth:

a. Social

b. Economic

c. Psychological

d. All of above

8. What is the need of entrepreneurship:

a. For new innovation

b. To fill gap in growth

c. For healthy competition

d. All of above

9. Which one of the following is the process of entrepreneur developing new products

that over time make current products obsolete?

a. New business model

b. Anatomization

c. Creative Destruction

d. None of above

10. The level at which an individual is viewed by society is called:

a. Financial status

b. Qualification

c. Social Status

d. Achievement

11. Which of the following shows the process of creating something new?

a. Business model

b. Modeling

c. Creative flexibility

d. Innovation




12. Which one of the following gives suggestions for new product and also help to market

new products?

a. Existing products and services

b. Federal government

c. Distribution Channels

d. Consumers

13. Which of the following is used by entrepreneurs to acquire experience in an

international market before making a major commitment?

a. Merger

b. Minority Interest

c. Joint venture

d. Majority interest

14. GATT is established in 1947, under:

a. German leadership

b. U.S. leadership

c. French leadership

d. U.K. leadership

15. The entrepreneur was distinguished from capital provider in:

a. Middle ages

b. 17th century

c. 18th century

d. 19th and 20th century

16. What is the process by which individuals pursue opportunities without regard to

resources they currently control?

a. Startup management

b. Entrepreneurship

c. Financial analysis

d. Feasibility planning




17. Having less than 50 percent of equity share in an international venture is called:

a. Joint Venture

b. Majority interest

c. Minority interest

d. Exporting

18. Having more than 50% ownership position that provides the entrepreneur with

managerial control is called:

a. Joint venture

b. Majority interest

c. Horizontal merger

d. Diversified activity merger

19. Which one of the following is the process of entrepreneurs developing new products

that over time make current products obsolete?

a. New business model

b. Anatomization

c. None of the given options

d. Creative destruction

20. From the following which one is not classification of entrepreneurs according to the

types of business:

a. Wholesale trade

b. Retail trade

c. Exporter

d. Rural entrepreneur

21. From the following which one is the classification of entrepreneurs according to gender

and age.

a. Men entrepreneurs

b. Women entrepreneurs

c. Young entrepreneurs

d. All of above




22. Basic problems of women entrepreneurs in India:

a. Lack of education skill

b. Male dominating society

c. Absence of listen bearing capacity

d. All of the above

23. From the following, types of entrepreneur are:

a. Innovating entrepreneur

b. Initiative entrepreneur

c. Drone entrepreneur

d. All of above

24. Which one is not the barriers of Enterpreneurship:

a. Lack of technical skills

b. Political instability

c. Technical knowledge

d. Time pressure and distractions

25. The key factor influencing the mobility of entrepreneurs are:

a. Resources

b. Experience and Education

c. Language and culture

d. All of above

26. It’s an institution to set up a network of technical consultancy organizations in the

country.

a. TCO

b. ITC

c. EGB

d. None of above

27. An Entrepreneurs refers to :

a. Initiator

b. Motivator

c. Visualizer

d. All of above




28. Which of the following factor influence entrepreneurship:

a. Technical Knowledge

b. Entrepreneurial training

c. Local manpower

d. All of above

29. From the following which ones is the quality of Entrepreneur:

a. Initiator

b. Information Seeker

c. Motivator

d. All of above

30. Which of the following factors is the most important in forcing

U.S companies to focus on new product development and increased productivity?

a. Entrepreneurship

b. Hyper competition

c. Governmental laws

d. Organizational culture

31. Which of the following is alternatively called corporate venturing?

a. Entrepreneurship

b. Intrapreneurship

c. Act of stating a new venture

d. Offering new products by an existing company

32. Individuals influencing an entrepreneur’s career choice and style are known as which

of the following?

a. Moral-support network

b. Role model

c. Professional support network

d. Support system




33. The activity which occurs when the new venture is started is called:

a. Motivation

b. Business skills

c. Departure point

d. Goal orientation


a. Financial status

b. Qualification

c. Social status

d. Achievement

35. Which one of the following is an important source of idea generation due to their

familiarity with the needs of market?

a. Existing products and services

b. Distribution channels

c. Federal government

d. Consumers

36. Members of distribution channels are excellent sources for new ideas because:

a. They earn a handsome profit from new business

b. They are familiar with the needs of the market

c. They do not bother if entrepreneur bears a loss

d. They have well-developed sales force

37. Which one of the following is the most important characteristic of a successful

business website?

a. Innovation

b. Speed

c. Graphics

d. Products

38. Which one of the following is the next stage to the Concept Stage of Product

Planning and Development Process?

a. Idea Stage

b. Product Planning Stage

c. Product Development Stage

d. Test Marketing Stage




39. SBA stands for:

a. Small business accountants

b. Small business administration

c. Small business adequacy

d. Small business advisors

40. Why should an entrepreneur do a feasibility study for starting a new venture

a. To identify possible sources of funds

b. To see if there are possible barriers to success

c. To estimate the expected sales

d. To explore potential customers

41. Information regarding all of the following is related to operations, EXCEPT:

a. Location

b. Promotion

c. Raw materials

d. Labor skills

42. A performance and credit rating scheme has been launched by the MSME Ministry to

assess creditworthiness and capabilities of industries in the sector. What is it called?

a. Performance and Credit Rating Scheme

b. Zero Defect Zero Effect Certification

c. Performance and Economy Rating Scheme

d. None of the above

43. A Micro Enterprise is an enterprise where investment in plant and machinery does not

exceed (According to MSMED Act, 2006):

a. Rs. 15 Lakh

b. Rs. 20 Lakh

c. Rs. 25 Lakh

d. Rs. 30 Lakh

44. EDP (Entrepreneurship Development Programmes) is required to help:

a. Existing entrepreneurs

b. First generation entrepreneurs

c. Future generations entrepreneurs





45. A corporate managers who starts a new initiative for their company which entails

setting up a new distinct business unit and board of directors can be regarded as?

a. Ecopreneur

b. Technopreneur

c. Intrapreneur

d. Social Entrepreneur

46. .A women entrepreneur is supposed to have a minimum financial

interest in share capital of entrepreneur’s enterprise:

a. 35 per cent

b. 51 per cent

c. 25 per cent


47. Family businesses always interested to handover the change of his business to:

a. Indian Administration Officers

b. Professional Managers

c. Next generation


48. A corporate managers who starts a new initiative for their company which entails

setting up a new distinct business unit and board of directors can be regarded as?

a. Ecopreneur

b. Technopreneur

c. Intrapreneur

d. Social Entrepreneur

49. Venture capital is concerned with:

a. New project having potential for higher profit

b. New project of high technology

c. New project having high risk

d. All the above.




50. In real life, entrepreneurs are those that…

a. Robbers that exploit their workers

b. Generate business success

c. Generate business success through hard and long hours of work

d. Robbers that exploit their workers and generate business success

51. The definition of entrepreneurship holds the promise of….

a. Financial difficulties and hardship

b. Limited expansion

c. Growth, unlimited expansion and long-term financial gain

d. Growth, expansion and long term financial gain

52. The term Entrepreneur is derived from the word

a. English

b. Tamil

c. Hindi

d. French

53. _____Identified innovation as a characteristic of entrepreneur for the first time in

1934.

a. William Diamond

b. B.A.H.Cole

c. W.B.Gartner

d. D.J.A.Schuumpeter

54. Individuals influencing an entrepreneur’s career choice and style are

known as which of the following?

a. Role model

b. Moral-support network

c. Professional support network

d. Support system


a. Financial status

b. Qualification

c. Social status

d. Achievement




Unit 2. Business opportunity Identification and Preliminary Project

Report(PPR):

56. To manage these projects successfully the country will need thousands of

_____________.

a. Research and development personnels.

b. Financial investors.

c. Efficient project Managers.

d. Skilled workers.

57. Which are not the main Components of project management?

a. Adequate control is exercised.

b. Concept and pre-feasibility study

c. A clear defined project objective

d. Evaluation and financing arrangements.

58. Project overrun is a frightening _________________facing India.

a. Financial problem

b. Resource problem

c. Economic problem

d. Research problem

59. _____________ can be defined as a specifically evolved work plan densed to achieve

a specific objective within a specific period of time

a. Idea generation.

b. Opportunity Scanning.

c. Project.

d. Strategy.

60. Large investment is made in fixed assets, the project will be termed as __________.

a. Capital Intensive.

b. Labour Intensive.

c. Product Intensive.

d. Market Intensive.




61. PERT stands for __________.

a. Programme Evaluation and Research Techniques.

b. Project Evaluation and Review Techniques.

c. Programme Evaluation and Review Techniques.

d. Project Evaluation and Research Techniques.

62. _____________ is used to accomplish the project economically in the minimum

available time with limited resources

a. Project Scheduling.

b. Network Analysis.

c. Budget Analysis.

d. Critical Planning.

63. ______________ is a form of financing especially for funding high technology, high

risk and perceived high reward projects

a. Fixed capital.

b. Current capital.

c. Seed capital.

d. Venture capital.

64. In _________, machines and equipments are arranged in the order or sequence in

which they are to be used for manufacturing the product

a. Factory Layout.

b. Product Layout.

c. Process Layout.

d. Combined Layout.

65. The term ___________ denotes bonus or financial aid which is given by a

government to an industry to help it compete with other units

a. Incentive.

b. Subsidy.

c. Bounty.

d. Concession.

66. ____________ is primarily concerned with the identification of the project demand

potential and the selection of the optimal technology.

a. Techno-economic analysis.

b. Feasibility analysis.

c. Input analysis.

d. Financial analysis.




67. _____________ is a graphical representation of the various activity and event relating

to a project.

a. Network analysis.

b. Scheduling technique.

c. Logical Model.

d. Network Diagram

68. _______________ is the analysis of costs and benefits of a proposed project with the

goal of assuming a rational allocation of limited funds.

a. Project formulation.

b. Project evaluation.

c. Project appraisal .

d. Project Design.

69. . __________________ is the systematic development of a project idea for the

eventual purpose of arriving at an investment decision.

a. Project identification.

b. Project formulation.

c. Project feasibility.

d. Project evaluation.

70. The process of preparing an inventory of skills needed for effective implementation

of the project is called as ____________.

a. Economic viability.

b. Financial feasibility.

c. Technical feasibility.

d. Managerial competence.

71. . _____________ is primarily concerned with the identification, qualification and

evaluation of the project resources.

a. Techno-economic analysis.

b. Feasibility analysis.

c. Input analysis.

d. Financial analysis.




72. Project mission and objectives, procedures and systems used, and organization

resources used typically appear in the _____ section of the final project report.

a. Analysis

b. Recommendation

c. lessons learned

d. financial feasibility

73. what are the components of then project report ________.

a. requirement of funds

b. location

c. manpower

d. all the above

74. Every entrepreneur should draw an _______ for his project to ensure the timely

completion of all activities involved in setting up an enterprise.

a. cost structure

b. implementation plan

c. market structure

d. production structure

75. ______________ describes the direction, the enterprise is going in, what its goals are,

where it wants to be,and how it is going to get there.

a. project report

b. technical anlaysis

c. market analysis

d. financial analysis

76. The scope of a project report includes

a. Economic aspects

b. Technical aspects

c. Financial aspects

d. All of the above

77. The contents of a report includes

a. Objectives and scope

b. Marketing plan

c. Exit strategy

d. All of the above




78. Which of the following is a negative strategy of a project report?

a. Social plan

b. Conclusion

c. Exit strategy

d. Financial plan

79. Project is prepared by

a. Entrepreneurs

b. Managers

c. Employees

d. Managing directors

80. DPR is a

a. Action Plan

b. Working Plan

c. Financial Plan

d. Implementation Plan

81. Aspects of Project Evaluation is

a. Managerial Evaluation

b. Information to Managers

c. Report to top management

d. Technical evaluation

82. Money spent on evaluation of a project is

a. Investment

b. Expenditure

c. Cost benefit analysis

d. Wastage

83. Which of the following is not a Project Cost Estimation Stage?

a. Estimation Stage.

b. Feasibility stage

c. Procurement stage

d. Promotion stage




84. Which of the following is not a component of feasibility report?

a. Profit margin

b. works cost

c. overheads

d. Pre-commission expenses.

85. Which of these is an issue while designing an appraisal programme?

a. What methods of appraisal are to be used

b. quality

c. Quantity

d. Cost analysis




UNIT3. BUSINESS PLAN:

86. A new venture's business plan is important because ______.

a. It helps to persuade others to commit funding to the venture.

b. Can help demonstrate the viability of the venture.

c. Provides a guide for business activities by defining objectives.

d. All the above.

87. key aspect of the financial section of the business plan is _________.

a. A statement of management skills.

b. A realistic sales forecast.

c. Production capacity.

d. A description of competitors.

88. The Markets and Competitors section of a business plan should contain

____________.

a. A statement of the target market.

b. The size of each market segment.

c. The key characteristics of buyers in each business segment.

d. All the above.

89. . _________________ implies the availability or otherwise of plant and machinery

and technical know how to produce the product.

a. Economic viability.

b. Financial feasibility.

c. Technical feasibility.

d. Managerial competence

90. In _________, machines and equipment are arranged in the order or sequence in

which they are to be used for manufacturing the product

a. Factory Layout.

b. Product Layout.

c. Process Layout.

d. Combined Layout.




91. _____________ can be defined as a specifically evolved work plan densed to achieve

a specific objective within a specific period of time

a. Idea generation.

b. Opportunity Scanning.

c. Project.

d. Strategy.

92. Goods or services reach the market place through ________.

a. marketing channels.

b. multilevel pyramids.

c. monopolies.

d. multiplication.

93. To provide financial assistance to entrepreneurs the government has set up a

number of___________.

a. financial advisors.

b. financial intermediaries.

c. Industrial estates.

d. financial institutions

94. Which of the following is a recognized disadvantage of setting up as a start-up as

compared with other routes to market entry?

a. less satisfaction of the owners.

b. less help from various agencies.

c. there are more funds required.

d. there is a high failure rate.

95. The best definition of a sole trader form of business organisation is:

a. The business is owned by one person

b. The business employs only one person

c. The firm has a single customer

d. There is a single firm in the industry




96. One of the claimed advantages of a sole trader business is that:

a. Owner is independent in taking decisions

b. Trader cannot sell shares in open market

c. Trader capital is limited

d. Has a right to transfer his liability.

97. Which of the following types of business organisation is owned by its customers?

a. A Consumer’s cooperative Society

b. A partnership

c. A public limited company

d. A franchise

98. Limited Liability means?

a. Share holders cannot be asked to share company’s debts

b. Shareholder has to bear company losses

c. A firm is likely to go into bankrupt

d. Employees have no right on their salaries.

99. CGT is an abbreviation for?

a. capital gains tax

b. cash generated tax

c. capital group tax

d. capital generated tax

100. Before opening his own business, Tanay was writing a report that details the

specifics of his ideas and future business operations. This document is known as

a. a SWOT analysis.

b. a business portfolio.

c. a business plan.

d. a competitive analysis.




UNIT4. INSTITUTIONAL SUPPORT TO NEW VENTURE

101. Small scale industries (SSIs) also known as MSMEs are defined & categorized by

the Micro, Small & Medium Enterprises Development Act

a. 2006

b. 2007

c. 2008

d. 2009

102. Who is the present Minister of Micro, Small and Medium Enterprises ?

a. Karan Singh

b. Girirajsingh

c. Virbhadra Singh

d. Abhishek Singh

103. Name the institution which was set up in 1982 to promote integrated rural

development

a. NSIC

b. NABARD

c. SIDBI

d. NCEUS

104. Name the institution which is set up as an apex bank to provide direct or indirect

financial assistance under different scheme.

a. SIDBI

b. NSIC

c. RSBDC


105. Investment in equipments service sector in Micro scale industry should be

a. Up to 10 Lacs

b. 10Lacs – 2 Crores

c. 2 Crores – 5 Crores





106. Investment in equipments service sector in small scale industry should be

a. Up to 10 Lacs




107. Investment in equipments service sector in Medium scale industry should be

a. Up to 10 Lacs




108. Investment in plant and machinery/ equipment (excluding land and

building).w.r.t. Manufacturing sector in Micro industry should be

a. Up to 25 Lacs





building).w.r.t. Manufacturing sector in Small industry should be

a. Up to 25 Lacs





building).w.r.t. Manufacturing sector in Medium industry should be

a. Up to 25 Lacs







111. A__________ is a specialized firm that finances young, start up companies

a. Venture capital firm

b. Finance company

c. Small business finance co.

d. Capital creation co.

112. Venture capital firms are usually organized as

a. Corporation

b. Non-profit organisation

c. Closed- end mutual funds

d. Limited partnership

113. Which of the following is a characteristics of Venture capital firms

a. Developing portfolio of companies

b. Allowing firm to use the funds as they see fit

c. Having a short term investment horizon

d. Holding Debts in the firm that are funded

114. The source of venture capital funding has

a. shifted from wealthy individuals to pension funds and corporations.

b. shifted from pension funds and corporations to wealthy individuals.

c. decreased since 1990.

d. none of the above.

115. Which of the following is not a characteristic feature of venture capital firms?

a. Funding just one or a small number of firms.

b. Holding equity in the firms that are funded.

c. Having a long-term investment horizon.

d. Providing advice and assistance to the firms that are funded.

116. The largest industry group receiving venture capital funding is

a. computer software.

b. medical/health.

c. computer hardware.

d. none of the above.




117. Name the institution which is set up as an apex bank to provide direct/indirect

financial assistance under different schemes and also coordinates the functions of

other institutions in similar activities

a. SIDBI

b. NSIC

c. RSBDC

d. None

118. If the investment in fixed assets or plant and machinery does not exceed one crore

rupees, then that particular firm come s under the category of

a. Tiny industry

b. Small scale industry

c. Village industry

d. Cottage: industry

119. Name the institution which was set up in 1982 to promote integrated rural

development.

a. NSIC

b. NABARD

c. SIDBI

d. NCEUS

120. Finance companies

a. are money market intermediaries.

b. borrow in large amounts, but lend in small amounts.

c. are virtually unregulated.

d. all of the above.

121. State Industrial corporations engage in the development of__________.

a. industrial estates.

b. institutional estates.

c. individual investors.

d. agricultural entrepreneurs.

122. ________ is the first development bank of the country.

a. ICICI.

b. IDBI.

c. SFC.

d. IFCI.




123. IFCI stands for_____________.

a. Industrial finance corporation of India.

b. Institutional finance corporation of India.

c. Industrial funding corporation of India.

d. Indian finance corporation and institution.

124. IFCI has been converted into a________.

a. joint stock company.

b. co-operative society.

c. partnership firm.

d. sole proprietorship.

125. 28. SIDBI was set up as a subsidiary of_________.

a. IDBI.

b. IFCI.

c. ICICI.

d. SFC.

126. Which of the following is a function of SIDBI?

a. Extension of seed capital.

b. Discounting of bills.

c. Providing factoring services.

d. All of the above.

127. SFC is prohibited from granting financial assistance to any company whose

aggregate paid up capital exceed__________.

a. 1 crore.

b. 1.5 crores.

c. 2 crores.

d. 2.5 crores.

128. SIPCOT's financial assistance is in the form of __________.

a. term loan.

b. seed capital scheme.

c. underwriting the capital issues.

d. All of the above.




129. The business development department of SIPCOT guides entrepreneurs in

______.

a. applying for licences.

b. approval on collaboration.

c. allocation of scarce raw materials.

d. All the above.

130. TIIC is sponsored by the__________.

a. Government of Karnataka.

b. Government of Andhra Pradesh.

c. Government of Kerala.

d. Government of Tamil Nadu.

131. In backward areas, term loans for expansion or setting up a new unit are available

at __________ .

a. concessional terms.

b. differential terms.

c. standard terms.

d. specific terms.

132. A commercial banker would prefer a ____________ debt-equity ratio over the

years as it indicates financial strength of a unit.

a. Declining.

b. Increasing.

c. Stable.

d. Fluctuating.

133. EDPs course contents contains ___________.

a. General introduction to entrepreneurs.

b. Motivation training.

c. Managerial skills.

d. All the above.

134. Entrepreneurial Guidance Bureau(EGB) was set up by____________.

a. SISI.

b. SIPCOT.

c. IIC.

d. SIDCO.




135. Banks can avail refinance against loans made to industrial units from

a. IDBI

b. NABARD

c. DICGC

d. ECGC

136. NABARD ( National Agricultural Bank for Rural Development ) was established

in the year:

a. July12th,1982

b. June 20th 1976

c. May 28th 1956

d. October 12th ,1986.

137. Which is the apex institution to provide credit facility to agriculture and rural

development?

a. NABARD

b. State Bank of India

c. Reserve Bank of India

d. D.National cooperative bank of India.

138. What is the NABARD pilot project for digitization of SHGs called?

a. e-Shakti

b. e-Samriddhi

c. e-Shanti

d. e-Samraksha

139. Refinance schemes of NABARD

a. Short term and medium term loans

b. Long term and capital loans

c. Short and Long term loans

d. credit facilities

140. .SIDBI caters to the requirement of

a. Small scale sector

b. Large scale sector

c. Medium scale sector

d. Agricultural sector




141. Small Industries Development Bank of India (SIDBI) was established in :

a. 1989

b. 1988

c. 1987

d. 1986

142. SIDBI Main function is:

a. to provide assistance to small scale industries

b. to provide assistance to large industries

c. to provide assistance to medium industries

d. to provide assistance to capital good industries

143. SlDBI was set up in as a wholly owned subsidiary of

a. lDBI

b. IFCI

c. RRBI

d. ExlM

144. Which one among the following has not started commercial banking?

a. SIDBI

b. IDBI

c. ICICI

d. UTI

145. National Small Scale Indusries Enterprise comes under the ministry of

a. MSME

b. SME

c. SIDBI

d. NSIC

146. Name the scheme for promoting the products of the MSEs…..

a. Consortia and Tender Marketing Scheme.

b. Product Procurement scheme

c. Single Point Registration Scheme

d. Entrepreneurship development scheme.




147. Single Point Registration Scheme main objective is:

a. To avoid multiple registrations

b. To procure goods at cheaper rates

c. To increase the share of Government purchase

d. To strengthen MSME

148. Which of the following has been the Nodal Agency for Performance and Credit

Rating Scheme for small industries?

a. NSIC

b. SME

c. SBI

d. MSME

149. KVIC has launched an e-commerce portal. What other agreement has it entered

into?

a. Agreement with Raymond to promote Khadi as a fashion garment in India

and abroad

b. Agreement with Siyaram to promote Khadi as a fashion garment in India and

abroad

c. Agreement with Mafatlal to promote Khadi as a fashion garment in India and

abroad


150. Who was appointed as the Chief Executive Officer of Khadi and Village

a. Arun Kumar Jha

b. Prasada rao

c. Arup Roy Choudary

d. Satya Nadendlla

151. The Khadi and Village Industries Commission (KVIC) :

1. was established by an act of parliament

2. comes under ministry of rural development

3. Was established with basic objective to provide employment in rural areas

4. which among the above is / are correct?




a. Only 1 & 3

b. [B] Only 2 & 3

c. [C] Only 3

d. [D] 1, 2 & 3

152. KVIC Head office is at

a. Mumbai

b. Chennai

c. Hyderabad

d. Noida

153. Indian Institute of Entrepreneurship (IIE) is at

a. Guwahati

b. Noida

c. Hyderabad

d. Chennai

154. IFCI was established on

a. 1948

b. 1956

c. 1967

d. 1959

155. NISIET, is a premier institution for the promotion, development and

modernization of

a. SME sector

b. MSME

c. Mme

d. SMCE

156. Industrial Reconstruction Bank of India (IRBI) main objective is

a. To revitalize sick industries

b. To promote small and medium enterprises

c. To provide financial assistance

d. To promote rural credit




157. EXIM Bank was set up in

a. January 1st 1982

b. June 7th 1990

c. December 18th 1995

d. February 9th 1997

158. State Financial Corporation has been established by

a. State govt.

b. Central govt.

c. Any pvt org

d. None of these

159. SFCs provide finances to

a. Small and medium scale industries

b. Large scale industries

c. Cottage industries

d. Village Industries.

160. SIDBI caters to the requirement of

a. Small scale sector

b. Large Scale sector

c. Medium scale sector

d. Agriculture sector

161. SFC is prohibited from granting financial assistance to any company whose

aggregate paid up capital exceed____

a. 1 crore.

b. 1.5 crores.

c. 2 crores.

d. 2.5 crores.

162. Industrial Policy of 1948 was the first industrial policy statement by the

Government which gave importance to (i). Small scale industry (ii). Private sector

a. (i) only

b. (ii) only

c. both (i) and (ii)

d. None




163. Which of the following was not an objective of the 1956 industrial policy?

a. Development of small scale sector

b. Expansion of public sector

c. Develop heavy and machine making industries


164. Which of the following industries are to be given compulsory licensing?

a. Alcohol

b. Tobacco

c. Drugs and pharmaceuticals

d. All the above

165. MUDRA means:

a. Micro Units Development and Refinance Agency Ltd

b. Macro units development and refinery Agency

c. Mudra loan online apply

d. a symbolic hand gesture used in Hindu ceremonies .

166. What is the MSME Public Procurement Portal called?

a. What is the MSME Public Procurement Portal called MSME Samjhauta

b. MSME Sandesh

c. MSME Sampark

167. A performance and credit rating scheme has been launched by the MSME

Ministry to asses credit worthiness and capabilities of industries in the sector. What is

it called?

a. Performance and Credit Rating Scheme

b. Zero Defect Zero Effect Certification

c. Performance and Economy Rating Scheme


168. Scheme for promoting Innovation, Rural Industry & Entrepreneurship objective is

a. To promote entrepreneurship culture in India

b. To promote rural development in India

c. To promote innovative nature among youth

d. To promote small scale sector in India.




169. The stand up scheme provides assistance to woman entrepreneurs of

a. S.C and S.T.

b. B.C

c. O.C

d. Others

170. The main objective of Mudra Yojana Scheme

a. Provide assistance to start small business enterprises

b. Provide assistance to medium enterprises

c. Provide assistance to long term enterprises

d. d Provides assistance to village industries.

171. SHG Means

a. Self Help Groups

b. Small Housing Groups

c. Short term housing grant

d. Shortage of Housing grant

172. Support to Training and Employment Programme (STEP) scheme is a

a. Central Sector Scheme

b. State Sector Scheme

c. Both central and State Sector Scheme

d. International scheme

173. Annapurna scheme is offered by

a. State Bank of Mysore

b. State Bank of India

c. State Bank of Travancore

d. State Bank of Hyderabad

174. A group of companies or individuals that invests money in new or expanding

businesses for ownership and potential profits is known as

a. an equity financing firm.

b. franchising.

c. a venture capital firm.

d. a corporation.




175. An advantage of which of these tactics is that there is a shorter start-up time and

an existing track record?

a. Participate in a business incubator

b. Start a new business

c. Buy a franchise

d. Buy an existing business

176. Which of these refer to an arrangement by which the owner of a product or

service allows others to purchase the right to distribute the product or service with

help from the owner?

a. Franchising

b. Business incubation

c. Spinning-off

d. Globalization

177. Which of these offers the advantage that the entrepreneur has the ability to

develop and design the business in the entrepreneur's own way?

a. Participate in a business incubator

b. Start a new business

c. Buy a franchise

d. Buy an existing business

178. For Internet start-ups, one typical source of first funds is through

a. stock financing.

b. government funds.

c. angel financing.

d. community development financing.

179. The final step in the start-up process is often the

a. development of partnerships.

b. launching the company.

c. obtaining venture capital.

d. securing government funding.

e. IPO.




180. Felix is an entrepreneur. At this stage of his company , his main concerns are do

we have enough customers and money. What stage of growth is Felix’s company in?

a. Start-up

b. Survival

c. Takeoff

d. Resource maturity

e. Success

181. Entrepreneurs take the risk of starting a business for all of the following reasons

except:

a. they want independence.

b. they like the challenge and the risk.

c. they want to make money for themselves.

d. they want to work less.

182. As a ________ Ronnie searches for firms in need of additional funding to achieve

their goals. In return for his investment, Ronnie becomes a part owner in the business.

Ronnie operates as

a. investment analyst.

b. venture capitalist.

c. corporate raider.

d. securities trader.

183. The resistance of employees in an organization against flexibility, growth, and

diversification can be overcome by developing:

a. Entrepreneurship

b. Intrapreneurship

c. Managerial domain

d. Administrative domain

184. Which one of the following is a barrier to new product creation and development?

a. Trial and error

b. Opportunity parameter

c. Opportunity cost

d. Intrapreneurship culture




185. Factors contribute to the creation of new venture EXCEPT:

a. Government

b. Finance

c. High interest rates

d. Role models

186. Which of the following enterprises was found by Akio Morita?

a. Samsung

b. Apple

c. Panasonic

d. Sony

187. ________________ can be defined as psychological features that enable an

individual to take action toward a desired goal?

a. Motive

b. Trait

c. Attitude

d. Ego

188. ___________ implies that women entrepreneurs are now economically

independent and take decisions independently.

a. Better utilization of resources

b. Improved quality life

c. Economic development

d. Employment generation

189. If someone starts a new business that is a service station, this is an example of:

a. new concept/new business.

b. new concept/existing business

c. existing concept/new business.

d. existing concept/existing business.

190. If an entrepreneur has an internal locus of control, this means that he/she:

a. has a high need for achievement

b. believes that success or failure depends on his/her own actions.

c. feels comfortable in an unstructured situation

d. believes fate is a powerful force




191. The process of gathering information about trends is called:

a. need for achievement.

b. tenacity.

c. Trend

d. Neuroticism

192. The opposite of "opportunity thinking" is:

a. obstacle thinking

b. thought self-leadership.

c. self-efficacy.

d. adaptive response behavior.

193. The startups which rarely go public are called:

a. Life style

b. Foundation company

c. Small company

d. High potential venture

194. Which of the following factor can create the managerial difficulties in the joint

ventures between foreign companies?

a. Cultural differences

b. Economic policies

c. Public ignorance

d. Government taxes

195. Which of the following is the key factor for choosing the type of financing?

a. Availability of funds

b. Assets of the venture

c. Prevailing interest rates

d. All of the given options

196. Entrepreneur actually starts setting up of an enterprise by

a. Planning

b. Organizing

c. Staffing

d. Directing




197. Which of the following is least likely to influence the timing of new business

births?

a. Government policies

b. Profitability

c. Interest rates

d. Consumer expenditure

198. Which of the following is usually not a barrier to market entry for a small firm?

a. economy of scale

b. good ideas

c. switching costs

d. access to distribution

199. Which of the following statements is false? Electronic commerce:

a. can allow new ventures to compete on more or less equal terms with large firms

b. offers a relatively inexpensive means of advertising and conducting market and

competitor research

c. can lead to small businesses having reduced contact with its customers

d. is rarely used in small businesses

200. Generally speaking the risk involved in launching as a franchise is greater than

that as a start up.

a. True

b. False

unit 1. entrepreneur and entrepreneurship

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