R4RIN – MCQs, Mock Tests | BANK Entrepreneurial Development MCQ Set 1

An individual who initiates, creates and manages a new business can be called _____________.

1. A leader
2. A manager
3. An entrepreneur
4. A professional

✅ Correct Answer: 3

Trademarks relate to _______.

1. Practice and knowledge acquired through experience
2. The protection of proprietary information of commercial value
3. The right to reproduce ones own original work
4. Brand identity

✅ Correct Answer: 4

Which industrial sector tends to naturally promote small-scale businesses and Entrepreneurship, and generally has lower barriers to market entry?

1. Service
2. Manufacturing
3. Distribution
4. Agriculture

✅ Correct Answer: 3

Why are small businesses important to a country’s economy?

1. They give an outlet for entrepreneurs.
2. They can provide specialist support to larger companies.
3. They can be innovators of new products.
4. All the above.

✅ Correct Answer: 4

Which of the following is the reason for business failure __________.

1. Lack of market research.
2. Poor financial control
3. Poor management
4. All the above

✅ Correct Answer: 4

The use of informal networks by entrepreneurs to gather information is known as _______.

1. Secondary research.
2. Entrepreneurial networking
3. Informal parameters.
4. Marketing

✅ Correct Answer: 2

Good sources of information for an entrepreneur about competitors can be obtained from_________.

1. Websites.
2. Product information leaflets.
3. Company reports and published accounts.
4. All the above

✅ Correct Answer: 4

A new venture’s business plan is important because ______.

1. It helps to persuade others to commit funding to the venture.
2. Can help demonstrate the viability of the venture.
3. Provides a guide for business activities by defining objectives.
4. All the above

✅ Correct Answer: 4

Primary data is________.

1. the most important data.
2. the data that is collected first.
3. new data specifically collected for a project
4. data that is collected second.

✅ Correct Answer: 3

The purpose of all good small business strategy is__________.

1. to increase turnover.
2. to increase profitability
3. to achieve competitive advantage.
4. to achieve stated objectives.

✅ Correct Answer: 4

Someone legally appointed to resolve the financial difficulties of an insolvent firm is called____________.

1. an administrator.
2. a predator.
3. an auditor
4. a turnaround consultant.

✅ Correct Answer: 4

Goods or services reach the market place through ________.

1. marketing channels.
2. multilevel pyramids.
3. monopolies
4. multiplication

✅ Correct Answer: 1

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

1. financial advisors.
2. financial intermediaries.
3. Industrial estates.
4. financial institutions.

✅ Correct Answer: 4

State Industrial corporations engage in the development of__________.

1. industrial estates.
2. institutional estates.
3. individual investors.
4. agricultural entrepreneurs.

✅ Correct Answer: 1

IFCI stands for____________.

1. Industrial finance corporation of India.
2. Institutional finance corporation of India.
3. Industrial funding corporation of India
4. Indian finance corporation and institution.

✅ Correct Answer: 4

IFCI has been converted into a________.

1. joint-stock company.
2. co-operative society.
3. partnership firm.
4. sole proprietorship.

✅ Correct Answer: 1

SIDBI was set up as a subsidiary of_________.

1. IDBI.
2. IFCI
3. ICICI
4. SFC.

✅ Correct Answer: 1

SFC is prohibited from granting financial assistance to any company whose aggregate paid-up capital exceed__________.

1. 1 crore.
2. 1.5 crores
3. 2 crores.
4. 2.5 crores.

✅ Correct Answer: 1

SIPCOT’s financial assistance is in the form of __________.

1. term loan.
2. seed capital scheme
3. underwriting the capital issues.
4. All the above

✅ Correct Answer: 4

The business development department of SIPCOT guides entrepreneurs in ______.

1. applying for licences.
2. approval on collaboration.
3. allocation of scarce raw materials.
4. All the above.

✅ Correct Answer: 1

TIIC is sponsored by the_________.

1. . Government of Karnataka.
2. Government of Andhra Pradesh
3. Government of Kerala
4. Government of Tamil Nadu.

✅ Correct Answer: 4

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

1. concessional terms.
2. differential terms.
3. standard terms
4. specific terms.

✅ Correct Answer: 1

A commercial banker would prefer a ____________ debt-equity ratio over the years as it indicates financial strength of a unit.

1. Declining.
2. Increasing
3. Stable
4. Fluctuating

✅ Correct Answer: 1

EDPs course contents contains ___________.

1. General introduction to entrepreneurs.
2. Motivation training
3. Managerial skills
4. All the above.

✅ Correct Answer: 4

Entrepreneurial Guidance Bureau(EGB) was set up by____________.

1. SISI.
2. SIPCOT
3. IIC
4. SIDCO

✅ Correct Answer: 3

_____ can be defined as a specifically evolved work plan to achieve a specific objective within a specific period of time

1. Idea generation.
2. Opportunity Scanning.
3. Project.
4. Strategy

✅ Correct Answer: 3

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

1. Capital Intensive.
2. Labour Intensive
3. Product Intensive
4. Market Intensive.

✅ Correct Answer: 1

PERT stands for __________.

1. A. Programme Evaluation and Research Techniques.
2. Project Evaluation and Review Techniques.
3. Programme Evaluation and Review Techniques
4. Project Evaluation and Research Techniques.

✅ Correct Answer: 3

___________ is a form of financing especially for funding high technology, high risk and perceived high reward projects

1. Fixed capital.
2. Current capital.
3. Seed capital.
4. Venture capital.

✅ Correct Answer: 4

In _________, machines and equipments are arranged in the order or sequence in which they are to be used for manufacturing the product

1. Factory Layout.
2. Product Layout.
3. Process Layout.
4. Combined Layout.

✅ Correct Answer: 2

The term ___________ denotes bonus or financial aid which is given by a government to an industry to help it compete with other units

1. Incentive.
2. Subsidy
3. Bounty
4. Concession

✅ Correct Answer: 3

The granting of cash subsidy on the capital investment is called __________.

1. Concessional finance.
2. Quantum of Subsidy
3. Interest Subsidy.
4. Central Investment Subsidy.

✅ Correct Answer: 4

_______ refers to some action which is a time consuming effort necessary to complete a specific event.

1. A Network.
2. An Activity.
3. An Event
4. A Node.

✅ Correct Answer: 2

Activities which must be finished before a given event can occur are termed as _________.

1. . Preceeding Activities.
2. Succeeding Activities
3. Concurrent Activities
4. Dummy Activities.

✅ Correct Answer: 2