R4RIN – MCQs, Mock Tests | BANK Entrepreneurial Development MCQ Set 2

Activities which can be accomplished simultaneously are termed as ___________.

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

✅ Correct Answer: 3

EST stands for ____________.

1. Earliest Start Time.
2. Event Start Time
3. Effective Start Time
4. Essential Start Time.

✅ Correct Answer: 1

EST stands for ____________.

1. Earliest Start Time.
2. Event Start Time
3. Effective Start Time
4. Essential Start Time.

✅ Correct Answer: 1

_____________ is an event-oriented approach .

1. CPM.
2. GERT
3. PERT
4. WASP

✅ Correct Answer: 3

_____________ is an event-oriented approach .

1. CPM.
2. GERT
3. PERT
4. WASP

✅ Correct Answer: 3

______________ is an activity-oriented approach. http://172.16.1.50/printqp.php?heading=III B.COM [2017-2020],Semest…

1. . GERT
2. PERT
3. CPM
4. WASP

✅ Correct Answer: 3

______________ is an activity-oriented approach. http://172.16.1.50/printqp.php?heading=III B.COM [2017-2020],Semest…

1. . GERT
2. PERT
3. CPM
4. WASP

✅ Correct Answer: 3

_______ is the analysis of costs and benefits of a proposed project with the goal of assuming a rational allocation of limited funds.

1. A. Project formulation.
2. Project evaluation
3. Project appraisal
4. Project Design.

✅ Correct Answer: 3

_____ may be defined as the excess of the present value of project cash inflows over that of out flows.

1. Net present value technique.
2. Average rate of return
3. Benefit-Cost ratio.
4. Internal rate of return

✅ Correct Answer: 1

Decisions taken by an entrepreneur on behalf of his enterprise are known as _________.

1. Organizational decisions.
2. Personal decisions
3. Routine decisions.
4. Strategic decisions

✅ Correct Answer: 1

Decisions which are concerned with policy matters and exercise fundamental influence on the objectives of the organization are called as____________.

1. Organizational decisions.
2. Personal decisions
3. Routine decisions
4. Strategic decisions.

✅ Correct Answer: 4

Decisions which are concerned with policy matters and exercise fundamental influence on the objectives of the organization are called as____________.

1. Organizational decisions.
2. Personal decisions
3. Routine decisions
4. Strategic decisions.

✅ Correct Answer: 4

____________ is a problem -solving technique designed to produce numerous ideas in a short period C. Brain storming. D. Nominal group technique.

1. Synectics.
2. Delphi technique.
3. Brain storming.
4. Nominal group technique.

✅ Correct Answer: 3

_________________ is the systematic development of a project idea for the eventual purpose of arriving at an investment decision.

1. Project identification.
2. Project formulation
3. Project feasibility
4. Project evaluation.

✅ Correct Answer: 2

The process of preparing an inventory of skills needed for effective implementation of the project is called as ____________.

1. Economic viability.
2. Financial feasibility
3. Technical feasibility.
4. Managerial competence.

✅ Correct Answer: 4

_______________ implies the availability or otherwise of plant and machinery and technical know how to produce the product.

1. Economic viability
2. Financial feasibility
3. Technical feasibility.
4. Managerial competence

✅ Correct Answer: 3

CPM stands for____________.

1. Continuous Path Method.
2. Clear Path Method
3. Critical Path Method
4. Critical Probabilistic Method.

✅ Correct Answer: 3

___________ is granted to small scale units under section 33B of the Income tax act, 1961.

1. Depreciation Allowance.
2. Development Debate
3. Investment Allowance
4. Rehabilitation Allowance.

✅ Correct Answer: 4

DGTD stands for __________. .

1. Directorate General of Technical Development.
2. District General of Technical Development
3. District General of Taxation Deduction
4. Directorate General of Taxation Deduction

✅ Correct Answer: 1

A provisional SSI registration certificate is valid for a period of __________.

1. four Years.
2. three Years.
3. . two Years
4. one year.

✅ Correct Answer: 4

National Alliance of Young Entrepreneurs (NAYE) Sponsored an Entrepreneurial Development scheme with Bank of India in______________.

1. January 1920.
2. August 1920
3. January 1972
4. August 1972.

✅ Correct Answer: 4

The ‘T’ in a PESTLE analysis refers to ___________.

1. A. Time. B. . C. . D. .
2. Technology
3. Training
4. Talent

✅ Correct Answer: 2

A business arrangement where one party allows another party to use a business Name and sell its products or services is known as__________.

1. A cooperative.
2. A franchise
3. An owner-manager business
4. A limited company.

✅ Correct Answer: 2

What is the role of a Business Angel?

1. To provide small business advice.
2. To set up a franchise business.
3. To provide capital for business development in exchange for a stake in the Business ownership.
4. To assist an entrepreneur to open a lifestyle business.

✅ Correct Answer: 3

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

1. A. A statement of management skills.
2. A realistic sales forecast.
3. Production capacity.
4. A description of competitors.

✅ Correct Answer: 2

Idea of new product is tested in potential consumers to determine consumer acceptance at _________ stage.

1. Concept.
2. Product development.
3. Test marketing
4. Commercialization

✅ Correct Answer: 3

Strategic entrepreneurial marketing has been summarised as the 4Is: identification of target markets, interactive marketing methods, informal intelligence gathering and what is the fourth?

1. innovation.
2. instructiveness
3. independence
4. internet

✅ Correct Answer: 1

An entrepreneur who owns more than one business at a time is called ________.

1. an intrapreneur.
2. a corporate entrepreneur
3. a portfolio entrepreneur
4. None of the above.

✅ Correct Answer: 3

Industries producing complete articles for direct consumption & also processing industries is called as_______________.

1. Manufacturing industries.
2. Feeder Industries
3. Service Industries.
4. Mining or Quarrying.

✅ Correct Answer: 1

LOB stands for____________.

1. Line of Business.
2. Line of Balance.
3. Loss of Business.
4. Loss of Balance

✅ Correct Answer: 2

Underestimation of project cost leads to ___________.

1. Time under run.
2. Cost under run
3. Time over run
4. Cost over run

✅ Correct Answer: 4

New entrepreneurs entering the field of medium industry for the first time can have market studies with the subsidiary of ___________.

1. 75% of the cost or Rs.15000 whichever is less.
2. 75% of the cost or Rs.15000 whichever is high
3. 50% of the cost or Rs.15000 whichever is less
4. 50% of the cost or Rs.15000 whichever is high

✅ Correct Answer: 1

Decisions which are concerned with policy matters and exercise fundamental influence on the objectives of the organization are called as____________.

1. Organizational decisions.
2. Personal decisions.
3. Routine decisions
4. Strategic decisions.

✅ Correct Answer: 4

Section 80 HHB provides for a deduction of ____________________ of profits and gains earned by a resident Indian company.

1. . 65%.
2. 50%
3. 55%
4. 60%.

✅ Correct Answer: 2

Decisions which are non-repetitive and novel nature and required to solve unstructured problem is called as ___________.

1. Programmed decisions.
2. Non -programmed decisions
3. Routine decisions.
4. Strategic decisions.

✅ Correct Answer: 2

The application for registration of a small scale unit should be submitted to the _______ .

1. General manager, DIC.
2. Director, DIC.
3. General manager. NSIC.
4. Director, NSIC.

✅ Correct Answer: 1

The type of diversification in which the company adds complementary to the existing product or service line is _________.

1. conglomerate diversification.
2. horizontal integration.
3. vertical integration.
4. concentric integration.

✅ Correct Answer: 3

Which of the following is not an aspect of appraisal of term loans by commercial banks? Which of the following is not an aspect of appraisal of term loans by commercial banks?

1. Financial feasibility.
2. Technical feasibility.
3. Economic feasibility
4. Societal feasibility.

✅ Correct Answer: 4

The type of diversification in which the company adds up same type of products at the same level of production is ____________.

1. conglomerate diversification.
2. horizontal integration
3. vertical integration
4. concentric integration.

✅ Correct Answer: 2

When a firm enters into some business which is related with its present business in terms of technology, marketing or both it is called as _____________.

1. conglomerate diversification.
2. horizontal integration.
3. vertical integration
4. concentric integration.

✅ Correct Answer: 4

When a firm enters into business which is unrelated to its existing business both in terms of technology and marketing ______________.

1. . conglomerate diversification.
2. horizontal integration
3. vertical integration
4. concentric integration

✅ Correct Answer: 1

District Industries Centres are located ____________.

1. . in each district.
2. . in each state.
3. only in selected districts
4. only in selected states.

✅ Correct Answer: 1

The purpose of soft loan scheme is to encourage units to undertake ___________.

1. modernization of plant and machinery.
2. replacement of plant and machinery.
3. renovation of plant and machinery.
4. all the above

✅ Correct Answer: 4

Seed capital assistance ___________.

1. a long-term assistance.
2. initial assistance
3. a help for the purchase of seeds.
4. a short-term assistance.

✅ Correct Answer: 2

Seed capital assistance ___________.

1. a long-term assistance.
2. initial assistance
3. a help for the purchase of seeds.
4. a short-term assistance.

✅ Correct Answer: 2

Seed capital assistance ___________.

1. a long-term assistance.
2. initial assistance
3. a help for the purchase of seeds.
4. a short-term assistance.

✅ Correct Answer: 2

EXIM bank is a __________.

1. State-level institution.
2. Regional -level institution
3. All India institution
4. International institution.

✅ Correct Answer: 3

DIC is headed by General Manager in the rank of ___________.

1. Joint Director of industries.
2. Assistant Director of industries.
3. Non-departmental officer.
4. Departmental officer.

✅ Correct Answer: 1

Institutional agencies grant financial assistance to small scale industries for _________.

1. participation in equity capital only.
2. acquisition of fixed assets.
3. working capital assistance
4. all of the above.

✅ Correct Answer: 4

Institutional agencies grant financial assistance to small scale industries for _________.

1. participation in equity capital only.
2. acquisition of fixed assets.
3. working capital assistance
4. all of the above.

✅ Correct Answer: 4

Under section 80J of the income tax act, 1961, small-scale industries are exempted from the payment of income tax on their profits at ___________.

1. 6% p.a.
2. 6% p.m.
3. 5% p.a.
4. 5% p.a.

✅ Correct Answer: 1

The policy which stressed the role of cottage and small-scale industries for balanced industrial development of the country is ___________.

1. IPR 1940.
2. IPR 1948
3. IPR 1956
4. IPR 1977.

✅ Correct Answer: 2

The policy which emphasized the need of promoting small-scale industries through integrated industrial development is_____________.

1. IPR 1948.
2. IPR 1956
3. IPR 1977
4. IPR 1980.

✅ Correct Answer: 3

The small scale unit wishing to export has to obtain exporters code number from _________.

1. The Reserve Bank of India.
2. The Central Bank of India
3. Any Regional Bank
4. Any International Bank.

✅ Correct Answer: 1

The expenses incurred on the setting up of the enterprise are called as _________..

1. Cost of financing.
2. Cost of promotion.
3. Cost of fixed assets
4. Cost of current assets

✅ Correct Answer: 2

Over – capitalization arises due to___________.

1. excess of assets over the liabilities.
2. excess of liabilities over the assetss.
3. actual earnings are lower than the expected earning
4. actual earnings are higher than the expected earnings.

✅ Correct Answer: 3

Under-capitalization arises due to __________.

1. excess of assets over the liabilities.
2. excess of liabilities over the assets.
3. actual capitalization is higher than the proper capitalization
4. actual capitalization is lower than the proper capitalization.

✅ Correct Answer: 4

Business means ________.

1. Commerce.
2. industry and commerce
3. trade and commerce.
4. selling and buying of goods.

✅ Correct Answer: 2

A valid definition of a business purpose is to ______.

1. create a customer.
2. maximize profits
3. serve the society.
4. increase the wealth of the firm.

✅ Correct Answer: 2

Reserve bank of India is a/an _______.

1. statutory corporation.
2. company limited by guarantee
3. company limited by shares
4. unlimited company.

✅ Correct Answer: 1

A public corporation means _____.

1. public company.
2. government company.
3. statutory corporation
4. department of union government

✅ Correct Answer: 3

Promoter is a person who ________.

1. takes part in the incorporation of a company.
2. is a director.
3. is a relative of the managing director.
4. works to publicity to the company

✅ Correct Answer: 1

The term Capitalization is used in relation to ______.

1. sole-proprietorship.
2. Partnership
3. . joint-stock companies
4. co-operative societies

✅ Correct Answer: 3

Which of the following sources is not use for medium-term financing?

1. Issue of equity shares.
2. Issue of debentures
3. Term loans from banks.
4. Sale of current asset.

✅ Correct Answer: 1

Which of the following securities proves a burden on the finances of the company, when the company is not earning profits?

1. Equity shares.
2. Preference shares
3. Redeemable preference shares
4. Debentures.

✅ Correct Answer: 4

A project, which may not add to the existing profits, should be financed by _________

1. debentures.
2. preference share capital
3. equity capital.
4. public deposits

✅ Correct Answer: 1

. Business risks can be ______.

1. reduced.
2. avoided
3. ignored
4. erased

✅ Correct Answer: 1

O & M refers to ____________

1. overall efficiency of business.
2. efficiency of office and administrative work.
3. office work measurement
4. office and management study.

✅ Correct Answer: 4

The oldest form of business organization is ______.

1. Partnership.
2. sole proprietorship
3. joint-stock company
4. co-operative undertaking.

✅ Correct Answer: 2

Memorandum of association of a firm contains _______.

1. rules regarding the internal management of the company.
2. rules regarding the constitution and activities of the company.
3. rules regarding the external management
4. rules regarding the constitution.

✅ Correct Answer: 2

A Company is called an artificial person because ____.

1. it does not have the shape of a natural person.
2. it cannot be used in the court of law.
3. it is invisible and intangible
4. it exists only in contemplation of law.

✅ Correct Answer: 3

The charter of a company is its ______.

1. prospectus.
2. statement lieu of prospectus
3. memorandum of association.
4. articles of association.

✅ Correct Answer: 1

A person owning and running a small firm, is known as________.

1. manager-owner.
2. An owner-manager
3. A professional adapter
4. An enterprise worker.

✅ Correct Answer: 2

Which of the following is a characteristic typical of _________?Most entrepreneurs

1. Choose high-risk ventures.
2. Choose low-risk ventures.
3. Choose moderate (or calculated) risk ventures.
4. Choose no risk ventures.

✅ Correct Answer: 3

The UK government has implemented a number of policies to encourage Entrepreneurship in schools. One such initiative is _________.

1. Young Enterprise.
2. Youth venture.
3. Young Business
4. Young Initiative.

✅ Correct Answer: 1

One of the disadvantages of a franchise business for a franchisee is ________.

1. Lack of independence.
2. Franchise businesses typically have a high failure rate
3. Lack of brand identity
4. Training is not normally provided by the franchisor.

✅ Correct Answer: 1

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

1. . A statement of the target market.
2. The size of each market segment
3. The key characteristics of buyers in each business segment.
4. All the above

✅ Correct Answer: 4

As a new company grows, the entrepreneur will need to _________.

1. . be responsive to changes in the market.
2. ensure financial controls are maintained.
3. build a management team.
4. All the above

✅ Correct Answer: 4

Entrepreneurship can best be described as _________.

1. a process that requires setting up a business.
2. taking a significant risk in a business context.
3. having a strong vision.
4. a process involving innovation, new products or services, and value creation.

✅ Correct Answer: 4

____________, which is included in the project cost, is estimated on the basis of the year when the enterprise breaks even.

1. working capital
2. cost of capital
3. cost of production
4. cost of equity

✅ Correct Answer: 1

The minimum amount of——————, irrespective of such private participation, could be specified at a minimum 17.5 per cent of project costs by lending institutions.

1. . bank loans
2. promotors contribution
3. fixed capital
4. working capital

✅ Correct Answer: 2

Project management is ideally suited for a business environment requiring all of the following except _________.

1. Flexibility
2. Innovation
3. speed
4. Repetability

✅ Correct Answer: 4

Integration of project management with the organization takes place with the _______________.

1. master budjet
2. strategic plan
3. Process of managing actual projects
4. both b and c

✅ Correct Answer: 4

Integration of project management with the organization takes place with the _______________.

1. master budjet
2. strategic plan
3. Process of managing actual projects
4. both b and c

✅ Correct Answer: 4

The content of the final report typically includes the following topics __________.

1. Executive summary
2. review and analysis
3. recommendations
4. If all the above are correct.

✅ Correct Answer: 4

Project mission and objectives, procedures and systems used, and organization resources used typically appear in the _____ section of the final project report.

1. Analysis
2. Recommendation
3. lessons learned
4. financial feasibility

✅ Correct Answer: 1

what are the components of the project report ________.

1. requirement of funds
2. location
3. manpower
4. All the above

✅ Correct Answer: 4

market potential of the project report includes ________.

1. demand and supply conditions
2. market strategy
3. after-sales service
4. All the above

✅ Correct Answer: 4

Every entrepreneur should draw an _______ for his project to ensure the timely completion of all activities involved in setting up an enterprise.

1. cost structure
2. implementation plan
3. market structure
4. production structure

✅ Correct Answer: 2

_____________ 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.

1. project report
2. technical analysis
3. market analysis
4. financial analysis

✅ Correct Answer: 1

Today, many companies are using managerial techniques that are designed to encourage _________.

1. increasing profits
2. legal compliances
3. Ethical behaviour
4. shareholders value

✅ Correct Answer: 3

Entrepreneurial development is the key to achieve all-round __________ through acceleration of industrial and entrepreneurial activities.

1. increase in profits
2. economic development
3. shareholders value
4. business development

✅ Correct Answer: 2

SWOT Analysis is a _____________ tool

1. Conceptual
2. Modern
3. Scientific
4. Traditional

✅ Correct Answer: 1

NABARD is a Bank for _____________ development

1. Urban
2. Agricultural and Rural
3. Scientific
4. Agriculture and research

✅ Correct Answer: 2