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Entrepreneurial Development MCQ Set 2
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1. Activities which can be accomplished simultaneously are termed as ___________.
Preceeding Activities.
Succeeding Activities
Concurrent Activities
Dummy Activities.
2. EST stands for ____________.
Earliest Start Time.
Event Start Time
Effective Start Time
Essential Start Time.
3. EST stands for ____________.
Earliest Start Time.
Event Start Time
Effective Start Time
Essential Start Time.
4. _____________ is an event-oriented approach .
CPM.
GERT
PERT
WASP
5. _____________ is an event-oriented approach .
CPM.
GERT
PERT
WASP
6. ______________ is an activity-oriented approach. http://172.16.1.50/printqp.php?heading=III B.COM [2017-2020],Semest…
. GERT
PERT
CPM
WASP
7. ______________ is an activity-oriented approach. http://172.16.1.50/printqp.php?heading=III B.COM [2017-2020],Semest…
. GERT
PERT
CPM
WASP
8. _______ 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.
Project evaluation
Project appraisal
Project Design.
9. _____ may be defined as the excess of the present value of project cash inflows over that of out flows.
Net present value technique.
Average rate of return
Benefit-Cost ratio.
Internal rate of return
10. Decisions taken by an entrepreneur on behalf of his enterprise are known as _________.
Organizational decisions.
Personal decisions
Routine decisions.
Strategic decisions
11. Decisions which are concerned with policy matters and exercise fundamental influence on the objectives of the organization are called as____________.
Organizational decisions.
Personal decisions
Routine decisions
Strategic decisions.
12. Decisions which are concerned with policy matters and exercise fundamental influence on the objectives of the organization are called as____________.
Organizational decisions.
Personal decisions
Routine decisions
Strategic decisions.
13. ____________ is a problem -solving technique designed to produce numerous ideas in a short period C. Brain storming. D. Nominal group technique.
Synectics.
Delphi technique.
Brain storming.
Nominal group technique.
14. _________________ is the systematic development of a project idea for the eventual purpose of arriving at an investment decision.
Project identification.
Project formulation
Project feasibility
Project evaluation.
15. The process of preparing an inventory of skills needed for effective implementation of the project is called as ____________.
Economic viability.
Financial feasibility
Technical feasibility.
Managerial competence.
16. _______________ implies the availability or otherwise of plant and machinery and technical know how to produce the product.
Economic viability
Financial feasibility
Technical feasibility.
Managerial competence
17. CPM stands for____________.
Continuous Path Method.
Clear Path Method
Critical Path Method
Critical Probabilistic Method.
18. ___________ is granted to small scale units under section 33B of the Income tax act, 1961.
Depreciation Allowance.
Development Debate
Investment Allowance
Rehabilitation Allowance.
19. DGTD stands for __________. .
Directorate General of Technical Development.
District General of Technical Development
District General of Taxation Deduction
Directorate General of Taxation Deduction
20. A provisional SSI registration certificate is valid for a period of __________.
four Years.
three Years.
. two Years
one year.
21. National Alliance of Young Entrepreneurs (NAYE) Sponsored an Entrepreneurial Development scheme with Bank of India in______________.
January 1920.
August 1920
January 1972
August 1972.
22. The ‘T’ in a PESTLE analysis refers to ___________.
A. Time. B. . C. . D. .
Technology
Training
Talent
23. A business arrangement where one party allows another party to use a business Name and sell its products or services is known as__________.
A cooperative.
A franchise
An owner-manager business
A limited company.
24. What is the role of a Business Angel?
To provide small business advice.
To set up a franchise business.
To provide capital for business development in exchange for a stake in the Business ownership.
To assist an entrepreneur to open a lifestyle business.
25. A key aspect of the financial section of the business plan is _________.
A. A statement of management skills.
A realistic sales forecast.
Production capacity.
A description of competitors.
26. Idea of new product is tested in potential consumers to determine consumer acceptance at _________ stage.
Concept.
Product development.
Test marketing
Commercialization
27. Strategic entrepreneurial marketing has been summarised as the 4Is: identification of target markets, interactive marketing methods, informal intelligence gathering and what is the fourth?
innovation.
instructiveness
independence
internet
28. An entrepreneur who owns more than one business at a time is called ________.
an intrapreneur.
a corporate entrepreneur
a portfolio entrepreneur
None of the above.
29. Industries producing complete articles for direct consumption & also processing industries is called as_______________.
Manufacturing industries.
Feeder Industries
Service Industries.
Mining or Quarrying.
30. LOB stands for____________.
Line of Business.
Line of Balance.
Loss of Business.
Loss of Balance
31. Underestimation of project cost leads to ___________.
Time under run.
Cost under run
Time over run
Cost over run
32. New entrepreneurs entering the field of medium industry for the first time can have market studies with the subsidiary of ___________.
75% of the cost or Rs.15000 whichever is less.
75% of the cost or Rs.15000 whichever is high
50% of the cost or Rs.15000 whichever is less
50% of the cost or Rs.15000 whichever is high
33. Decisions which are concerned with policy matters and exercise fundamental influence on the objectives of the organization are called as____________.
Organizational decisions.
Personal decisions.
Routine decisions
Strategic decisions.
34. Section 80 HHB provides for a deduction of ____________________ of profits and gains earned by a resident Indian company.
. 65%.
50%
55%
60%.
35. Decisions which are non-repetitive and novel nature and required to solve unstructured problem is called as ___________.
Programmed decisions.
Non -programmed decisions
Routine decisions.
Strategic decisions.
36. The application for registration of a small scale unit should be submitted to the _______ .
General manager, DIC.
Director, DIC.
General manager. NSIC.
Director, NSIC.
37. The type of diversification in which the company adds complementary to the existing product or service line is _________.
conglomerate diversification.
horizontal integration.
vertical integration.
concentric integration.
38. 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?
Financial feasibility.
Technical feasibility.
Economic feasibility
Societal feasibility.
39. The type of diversification in which the company adds up same type of products at the same level of production is ____________.
conglomerate diversification.
horizontal integration
vertical integration
concentric integration.
40. 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 _____________.
conglomerate diversification.
horizontal integration.
vertical integration
concentric integration.
41. When a firm enters into business which is unrelated to its existing business both in terms of technology and marketing ______________.
. conglomerate diversification.
horizontal integration
vertical integration
concentric integration
42. District Industries Centres are located ____________.
. in each district.
. in each state.
only in selected districts
only in selected states.
43. The purpose of soft loan scheme is to encourage units to undertake ___________.
modernization of plant and machinery.
replacement of plant and machinery.
renovation of plant and machinery.
all the above
44. Seed capital assistance ___________.
a long-term assistance.
initial assistance
a help for the purchase of seeds.
a short-term assistance.
45. Seed capital assistance ___________.
a long-term assistance.
initial assistance
a help for the purchase of seeds.
a short-term assistance.
46. Seed capital assistance ___________.
a long-term assistance.
initial assistance
a help for the purchase of seeds.
a short-term assistance.
47. EXIM bank is a __________.
State-level institution.
Regional -level institution
All India institution
International institution.
48. DIC is headed by General Manager in the rank of ___________.
Joint Director of industries.
Assistant Director of industries.
Non-departmental officer.
Departmental officer.
49. Institutional agencies grant financial assistance to small scale industries for _________.
participation in equity capital only.
acquisition of fixed assets.
working capital assistance
all of the above.
50. Institutional agencies grant financial assistance to small scale industries for _________.
participation in equity capital only.
acquisition of fixed assets.
working capital assistance
all of the above.
51. Under section 80J of the income tax act, 1961, small-scale industries are exempted from the payment of income tax on their profits at ___________.
6% p.a.
6% p.m.
5% p.a.
5% p.a.
52. The policy which stressed the role of cottage and small-scale industries for balanced industrial development of the country is ___________.
IPR 1940.
IPR 1948
IPR 1956
IPR 1977.
53. The policy which emphasized the need of promoting small-scale industries through integrated industrial development is_____________.
IPR 1948.
IPR 1956
IPR 1977
IPR 1980.
54. The small scale unit wishing to export has to obtain exporters code number from _________.
The Reserve Bank of India.
The Central Bank of India
Any Regional Bank
Any International Bank.
55. The expenses incurred on the setting up of the enterprise are called as _________..
Cost of financing.
Cost of promotion.
Cost of fixed assets
Cost of current assets
56. Over – capitalization arises due to___________.
excess of assets over the liabilities.
excess of liabilities over the assetss.
actual earnings are lower than the expected earning
actual earnings are higher than the expected earnings.
57. Under-capitalization arises due to __________.
excess of assets over the liabilities.
excess of liabilities over the assets.
actual capitalization is higher than the proper capitalization
actual capitalization is lower than the proper capitalization.
58. Business means ________.
Commerce.
industry and commerce
trade and commerce.
selling and buying of goods.
59. A valid definition of a business purpose is to ______.
create a customer.
maximize profits
serve the society.
increase the wealth of the firm.
60. Reserve bank of India is a/an _______.
statutory corporation.
company limited by guarantee
company limited by shares
unlimited company.
61. A public corporation means _____.
public company.
government company.
statutory corporation
department of union government
62. Promoter is a person who ________.
takes part in the incorporation of a company.
is a director.
is a relative of the managing director.
works to publicity to the company
63. The term Capitalization is used in relation to ______.
sole-proprietorship.
Partnership
. joint-stock companies
co-operative societies
64. Which of the following sources is not use for medium-term financing?
Issue of equity shares.
Issue of debentures
Term loans from banks.
Sale of current asset.
65. Which of the following securities proves a burden on the finances of the company, when the company is not earning profits?
Equity shares.
Preference shares
Redeemable preference shares
Debentures.
66. A project, which may not add to the existing profits, should be financed by _________
debentures.
preference share capital
equity capital.
public deposits
67. . Business risks can be ______.
reduced.
avoided
ignored
erased
68. O & M refers to ____________
overall efficiency of business.
efficiency of office and administrative work.
office work measurement
office and management study.
69. The oldest form of business organization is ______.
Partnership.
sole proprietorship
joint-stock company
co-operative undertaking.
70. Memorandum of association of a firm contains _______.
rules regarding the internal management of the company.
rules regarding the constitution and activities of the company.
rules regarding the external management
rules regarding the constitution.
71. A Company is called an artificial person because ____.
it does not have the shape of a natural person.
it cannot be used in the court of law.
it is invisible and intangible
it exists only in contemplation of law.
72. The charter of a company is its ______.
prospectus.
statement lieu of prospectus
memorandum of association.
articles of association.
73. A person owning and running a small firm, is known as________.
manager-owner.
An owner-manager
A professional adapter
An enterprise worker.
74. Which of the following is a characteristic typical of _________?Most entrepreneurs
Choose high-risk ventures.
Choose low-risk ventures.
Choose moderate (or calculated) risk ventures.
Choose no risk ventures.
75. The UK government has implemented a number of policies to encourage Entrepreneurship in schools. One such initiative is _________.
Young Enterprise.
Youth venture.
Young Business
Young Initiative.
76. One of the disadvantages of a franchise business for a franchisee is ________.
Lack of independence.
Franchise businesses typically have a high failure rate
Lack of brand identity
Training is not normally provided by the franchisor.
77. The Markets and Competitors section of a business plan should contain ____________.
. A statement of the target market.
The size of each market segment
The key characteristics of buyers in each business segment.
All the above
78. As a new company grows, the entrepreneur will need to _________.
. be responsive to changes in the market.
ensure financial controls are maintained.
build a management team.
All the above
79. Entrepreneurship can best be described as _________.
a process that requires setting up a business.
taking a significant risk in a business context.
having a strong vision.
a process involving innovation, new products or services, and value creation.
80. ____________, which is included in the project cost, is estimated on the basis of the year when the enterprise breaks even.
working capital
cost of capital
cost of production
cost of equity
81. 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.
. bank loans
promotors contribution
fixed capital
working capital
82. Project management is ideally suited for a business environment requiring all of the following except _________.
Flexibility
Innovation
speed
Repetability
83. Integration of project management with the organization takes place with the _______________.
master budjet
strategic plan
Process of managing actual projects
both b and c
84. Integration of project management with the organization takes place with the _______________.
master budjet
strategic plan
Process of managing actual projects
both b and c
85. The content of the final report typically includes the following topics __________.
Executive summary
review and analysis
recommendations
If all the above are correct.
86. Project mission and objectives, procedures and systems used, and organization resources used typically appear in the _____ section of the final project report.
Analysis
Recommendation
lessons learned
financial feasibility
87. what are the components of the project report ________.
requirement of funds
location
manpower
All the above
88. market potential of the project report includes ________.
demand and supply conditions
market strategy
after-sales service
All the above
89. Every entrepreneur should draw an _______ for his project to ensure the timely completion of all activities involved in setting up an enterprise.
cost structure
implementation plan
market structure
production structure
90. _____________ 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.
project report
technical analysis
market analysis
financial analysis
91. Today, many companies are using managerial techniques that are designed to encourage _________.
increasing profits
legal compliances
Ethical behaviour
shareholders value
92. Entrepreneurial development is the key to achieve all-round __________ through acceleration of industrial and entrepreneurial activities.
increase in profits
economic development
shareholders value
business development
93. SWOT Analysis is a _____________ tool
Conceptual
Modern
Scientific
Traditional
94. NABARD is a Bank for _____________ development
Urban
Agricultural and Rural
Scientific
Agriculture and research
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