360+ Entrepreneurship Development (ED) Solved MCQs

1.

………………………applied the word entrepreneur to business for the first time.

A. robert owen
B. joseph schumpeter
C. richard cantillon
D. max weber
Answer» C. richard cantillon
2.

………………………is the drive to achieve a goal.

A. motivation
B. need for achievement
C. competency
D. none of these
Answer» B. need for achievement
3.

………………………..entrepreneurs are extremely task oriented.

A. technical
B. fabian
C. induced
D. business
Answer» A. technical
4.

…………………………..entrepreneurs neither introduce new changes nor adopt new methods innovated by others.

A. technical
B. fabian
C. induced
D. business
Answer» B. fabian
5.

The term intrapreneur was coined by …………………………. .

A. robert owen
B. joseph schumpeter
C. richard cantillon
D. gifford pinchot
Answer» D. gifford pinchot
6.

According to Schumpeter, Is the most important function of a modern entrepreneur.

A. innovation,
B. invention,
C. skill,
D. creativity.
Answer» A. innovation,
7.

Knowledge + Skill + Traits = ………………………………..

A. innovation.
B. competency.
C. skill.
D. creativity.
Answer» B. competency.
8.

Social attitude is one of the important problems of a ………………………….. Entrepreneur.

A. drone.
B. business.
C. women.
D. adoptive.
Answer» C. women.
9.

The capacity to develop new ideas, concepts and processes is known as :

A. innovation,
B. invention,
C. skill,
D. creativity.
Answer» D. creativity.
10.

Which of the following risks is borne by the entrepreneur:

A. financial risks,
B. personal risks,
C. psychological risks,
D. all of these
Answer» D. all of these
11.

The entrepreneur who does not change the method of production already introduced is:

A. drone entrepreneur,
B. fabian entrepreneur,
C. classical entrepreneur,
D. none of these.
Answer» A. drone entrepreneur,
12.

Person who works within an organization and having entrepreneurial capabilities is:

A. entrepreneur,
B. intrapreneur,
C. manager,
D. chief executive.
Answer» B. intrapreneur,
13.

Who introduced the term intrapreneur:

A. schumpeter,
B. peter drucker,
C. david mcclelland,
D. gifford pinchot 111.
Answer» D. gifford pinchot 111.
14.

A micro enterprise is one in which the investment in plant and machinery does not exceed Rs. ……………………

A. 25 lakhs
B. 50 lakhs
C. 1 crore
D. 10 lakhs
Answer» A. 25 lakhs
15.

A small enterprise is one in which the investment in plant and machinery is more than Rs…………………. But does not exceed Rs………………….. .

A. 10 lakhs / 2 crores
B. 25 lakhs /5crores
C. 5 crores/ 10 crores
D. 2 crores/5 crores
Answer» B. 25 lakhs /5crores
16.

A medium enterprise is one in which the investment in plant and machinery is more than Rs ……………………. But does not exceed Rs ………………….. .

A. 10 lakhs / 2 crores
B. 25 lakhs /5crores
C. 5 crores/ 10 crores
D. 2 crores/5 crores
Answer» C. 5 crores/ 10 crores
17.

A micro enterprise is one in which the investment in plant and machinery does not exceed Rs…………………….. .

A. 25 lakhs
B. 50 lakhs
C. 1 crore
D. 10 lakhs
Answer» A. 25 lakhs
18.

A small enterprise is one in which the investment in plants and machinery is more than Rs ……………. But does not exceed Rs …………………… .

A. 10 lakhs / 2 crores
B. 25 lakhs /5crores
C. 5 crores/ 10 crores
D. 2 crores/5 crores
Answer» A. 10 lakhs / 2 crores
19.

A medium enterprise is one in which the investment in plant and machinery is more than Rs ……………… but does not exceed Rs……………………. ..

A. 10 lakhs / 2 crores
B. 25 lakhs /5crores
C. crores/ 10 crores
D. 2 crores/5 crores
Answer» D. 2 crores/5 crores
20.

……………………. Units provide inputs to other industries.

A. export
B. small
C. ancillary
D. none of these
Answer» C. ancillary
21.

…………………………….. Registration helps the entrepreneur to take necessary steps to bring industrial units into existence.

A. provisional
B. permanent
C. both of these
D. none of these
Answer» A. provisional
22.

The MSME Development Act came into force in ………………….

A. 2005
B. 2006
C. 2010
D. 2001
Answer» B. 2006
23.

Capital investment subsidy was introduced in ………………………………….

A. 1973
B. 1971
C. 1972
D. 1970
Answer» B. 1971
24.

………………………………. Is the financial and promotional assistance provided by the Govt. to the industries for boosting up industrial development in all regions particularly in backward areas.

A. seed capital
B. incentive
C. subsidy
D. none of these
Answer» B. incentive
25.

………………………………….is the place where the required facilities and factory accommodation are provided by the government to the entrepreneurs to establish their industries there.

A. industry
B. industrial estate
C. company
D. none of these
Answer» B. industrial estate
26.

The initial capital that is required to obtain loans from the financial institutions is called ……………

A. seed capital
B. incentive
C. subsidy
D. none of these
Answer» A. seed capital
27.

Under the single roof of the ………………………all the services and support required by small and village entrepreneurs are provided.

A. ksidc
B. kitco
C. dic
D. kinfra
Answer» C. dic
28.

KITCO was set up in………………………

A. 1973
B. 1971
C. 1972
D. 1970
Answer» C. 1972
29.

……………………… offers comprehensive consultancy services to MSMEs in Kerala.

A. ksidc
B. kitco
C. dic
D. kinfra
Answer» B. kitco
30.

A micro manufacturing enterprise is one in which the investment in plant and machinery does not exceed…………………….

A. rs. 5 lakhs.
B. rs. 10 lakhs.
C. rs.20 lakhs.
D. none of these.
Answer» D. none of these.
31.

A micro service is one in which the investment in plant and machinery does not exceed………..

A. rs. 5 lakhs.
B. rs.10 lakhs.
C. rs 25 lakhs.
D. none of these.
Answer» B. rs.10 lakhs.
32.

A small service enterprise is one in which the investment in plant and machinery does not exceed…………………….

A. rs. 25 lakhs.
B. 1 crore.
C. 2 crores.
D. none of these.
Answer» C. 2 crores.
33.

The investment in plant and machinery in ancillary units should not exceed………

A. rs.25 lakhs.
B. 2 crores.
C. 5 crores.
D. 10 crores.
Answer» C. 5 crores.
34.

A single lump sum which is given by a govt. to an entrepreneur to cover the cost is known as…….

A. subsidy.
B. concession.
C. bounties.
D. none of these.
Answer» A. subsidy.
35.

A bonus or financial aid which is given by a govt. to an industry to help it compete with other units in home market or in a foreign market is known as……

A. subsidy.
B. concession.
C. bounties.
D. none of these.
Answer» C. bounties.
36.

Single window scheme is instituted through…………………………

A. idbi.
B. sidco.
C. kfc.
D. dic.
Answer» D. dic.
37.

The advance given to cover the finance requirement during the time lag between the sanctioning and disbursement of term loan by financial institutions is known as…………..

A. soft loan.
B. seed capital.
C. capital subsidy.
D. bridge loan.
Answer» D. bridge loan.
38.

The MSME Development Act came into force in the year……………………………….

A. 2005.
B. 2006.
C. 2007.
D. none of these.
Answer» B. 2006.
39.

Offering single window clearance facility is the most fascinating feature of ………

A. ksidc
B. kitco
C. dic
D. kinfra
Answer» C. dic
40.

KINFRA was setup in …………………….

A. 2000
B. 1993
C. 1996
D. 1999
Answer» B. 1993
41.

Techno crafts is assistance is provided by………………………..

A. kfc
B. kitco
C. ksidc
D. kinfra
Answer» A. kfc
42.

……………. Is a National level apex organization of young entrepreneurs

A. naye
B. tco
C. sido
D. nsic
Answer» A. naye
43.

…………………… provides consultancy services to small and medium enterprises at reasonable cost

A. naye
B. tco
C. sido
D. nsic
Answer» B. tco
44.

KITCO was established in ………………

A. 1970
B. 1973
C. 1972
D. 1975
Answer» C. 1972
45.

…………………… is an area where applied research on high tech projects is conducted

A. step
B. swot
C. epst
D. none of these
Answer» A. step
46.

Which of these is not a state level promotional institutions

A. kitco
B. ksidc
C. niesbud
D. sidco
Answer» C. niesbud
47.

The Head Office of KINFRA is located at………………………

A. thiruvananthapuram
B. kozhikode
C. ernakulum
D. kannur
Answer» A. thiruvananthapuram
48.

………………refers to any investment opportunity which is to be exploited for profit.

A. product
B. project
C. share
D. none of these
Answer» B. project
49.

………………………………. the process of collection, compilation and analysis of economic data for the purpose of finding out possible opportunities for investment.

A. project screening
B. project appraisal
C. project identification
D. none
Answer» C. project identification
50.

The process of evaluating the project ideas with a view to select the best and promising idea after eliminating the unprofitable ideas is called……………………….. Of the project ideas.

A. screening
B. appraisal
C. identification
D. none
Answer» A. screening
51.

After screening the ideas, they are translated into project………………………………….

A. portfolio
B. profiles
C. proposal
D. none
Answer» B. profiles
52.

SWOT stands for strength, weakness, opportunity, and ………………………………..

A. treat
B. threat
C. tort
D. none
Answer» B. threat
53.

Project formulation means ……………………………….. Study.

A. profitability
B. liquidity
C. feasibility
D. viability
Answer» C. feasibility
54.

………………………………. Analysis is primarily concerned with the identification, quantification and evaluation of project resources.

A. network
B. financial
C. techno-economic
D. input
Answer» D. input
55.

………………………………analysis is done to ascertain financial viability of a project.

A. network
B. financial
C. techno-economic
D. input
Answer» B. financial
56.

……………………………… technology refers to that technology which is suitable to local, economic, social and cultural conditions.

A. indigenous
B. imported
C. advanced
D. appropriate
Answer» D. appropriate
57.

The term ……………………………… refers to the plan for a particular type of building, arrangement of machinery and equipment and provision of facilitation in the building.

A. factory building
B. factory design
C. factory layout
D. factory premises
Answer» B. factory design
58.

……………………….. Analysis is one of the most popular techniques used for planning, scheduling, monitoring and co-ordinating projects comprising a number of activities.

A. network
B. financial
C. techno-economic
D. input
Answer» A. network
59.

……………………….. is the difference between sales and variable cost.

A. margin of safety
B. fixed cost
C. contribution
D. profit
Answer» C. contribution
60.

………………………… is a network technique of scheduling and controlling the project where activity times cannot be precisely estimated.

A. pert
B. cpm
C. bep
D. swot
Answer» A. pert
61.

………………………analysis is a technique commonly used to assess expected product profitability.

A. pert
B. cpm
C. bep
D. swot
Answer» C. bep
62.

A series of related activities which result in some product or service is called……

A. event
B. task
C. network
D. slack
Answer» C. network
63.

……………………….represents the activities and events of a project in a logical sequence.

A. network diagram
B. project graph
C. arrow diagram
D. all of these
Answer» A. network diagram
64.

The element of job to be completed in a specific time is known as……………………….

A. event
B. activity
C. network
D. slack
Answer» B. activity
65.

…………………….represents the start and end of an activity.

A. event
B. activity
C. network
D. slack
Answer» A. event
66.

Node represents…………………………

A. slack
B. activity
C. network
D. event
Answer» D. event
67.

……is the unbroken chain of activities from start event to end event in the network diagram.

A. slack
B. activity
C. network
D. path
Answer» D. path
68.

Critical path is the longest ………………………….in the network

A. slack
B. activity
C. event
D. path
Answer» D. path
69.

Activities lying on the critical path are known as……………………..activities.

A. critical
B. preceding
C. succeeding
D. concurrent
Answer» A. critical
70.

……………are activities that must be completed immediately prior to the start of another activity.

A. critical
B. preceding
C. succeeding
D. concurrent
Answer» B. preceding
71.

Activities that cannot be started until one or more of other activities are completed but immediately follow are called…………………..

A. critical
B. preceding
C. succeeding
D. concurrent
Answer» C. succeeding
72.

Activities that can be accomplished simultaneously are called……………activities.

A. critical
B. preceding
C. succeeding
D. concurrent
Answer» D. concurrent
73.

…………………..is the earliest time an activity can begin

A. eft
B. lst
C. lft
D. est
Answer» D. est
74.

The sum of earliest start time and estimated time to perform the project is called……..

A. eft
B. lst
C. lft
D. est
Answer» A. eft
75.

The latest possible time an activity can finish without delaying the project is called…….

A. eft
B. lst
C. lft
D. est
Answer» C. lft
76.

Difference between latest finish time and estimated time to perform the project is called………..

A. eft
B. lst
C. lft
D. est
Answer» B. lst
77.

………………………… is the difference between the actual sales and break even sales.

A. margin of safety
B. fixed cost
C. contribution
D. profit
Answer» A. margin of safety
78.

……………………… study is a systematic method adopted to find out the possibility and practicability of starting a project.

A. profitability
B. liquidity
C. feasibility
D. viability
Answer» C. feasibility
79.

Which of the following is not a phase in the project life cycle:

A. pre- investment phase.
B. construction phase.
C. normalization phase.
D. growth phase.
Answer» D. growth phase.
80.

Which of the following is a technique of project identification:

A. desk research.
B. sensitivity analysis.
C. cvp analysis.
D. none of these.
Answer» A. desk research.
81.

Decision regarding factory design is part of :

A. network analysis.
B. financial analysis.
C. technical analysis.
D. social cost benefit analysis.
Answer» C. technical analysis.
82.

Which of the following is not a network technique :

A. cpm.
B. pert.
C. swot.
D. lob.
Answer» C. swot.
83.

Shortest possible time to complete an activity is ………………………

A. pessimistic time
B. optimistic time
C. most likely time
D. none of these
Answer» B. optimistic time
84.

Maximum possible time to complete an activity is ………………………

A. pessimistic time
B. optimistic time
C. most likely time
D. none of these
Answer» A. pessimistic time
85.

Estimated time required in normal conditions complete an activity is ………………

A. pessimistic time
B. optimistic time
C. most likely time
D. none of these
Answer» C. most likely time
86.

…………shows the changes in assets, liabilities and net worth between two balance sheet dates.

A. cash flow
B. fund flow
C. ratio
D. breakeven
Answer» B. fund flow
87.

……….shows movement of cash into and out of the firm and its net effect on balance sheet.

A. cash flow
B. fund flow
C. ratio
D. breakeven
Answer» A. cash flow
88.

Which of the following is not a technique of financial analysis:

A. ratio analysis.
B. risk analysis.
C. cash flow analysis.
D. fund flow analysis.
Answer» B. risk analysis.
89.

Mathematical relationship between two figures taken from financial statements is called……….

A. cash flow
B. fund flow
C. ratio
D. breakeven
Answer» C. ratio
90.

…………………… is an equilibrium point.

A. cash flow
B. fund flow
C. ratio
D. breakeven
Answer» D. breakeven
91.

……………………… is described as bread earning point.

A. cash flow
B. fund flow
C. ratio
D. breakeven
Answer» D. breakeven
92.

…………………..ratio establishes relationship between contribution margin and total sales.

A. p/v
B. current
C. profitability
D. none
Answer» A. p/v
93.

Contribution margin ratio is better known as……………..

A. p/v
B. current
C. profitability
D. none
Answer» A. p/v
94.

………………. Is also known as marginal profit ratio

A. p/v
B. current
C. profitability
D. none
Answer» A. p/v
95.

Raising capital from multiple sources is known as…………………….

A. venture capital
B. layered financing
C. deferred credit
D. lease financing
Answer» B. layered financing
96.

Giving capital to enterprise that has risk and adventure is called………………………

A. venture capital
B. layered financing
C. deferred credit
D. lease financing
Answer» A. venture capital
97.

Arrangement where payments to suppliers are made in agreed installments over a specified period of time at some agreed rate of interest on the outstanding balance.

A. venture capital
B. layered financing
C. deferred credit
D. lease financing
Answer» C. deferred credit
98.

..……is a contract between the owner and user of the asset to use the asset for a consideration.

A. venture capital
B. layered financing
C. deferred credit
D. lease financing
Answer» D. lease financing
99.

Project appraisal is the process of estimating the costs and benefits of a project to arrive at the ………………………decision.

A. investment
B. profitability
C. liquidity
D. none of these
Answer» A. investment
100.

Project appraisal is usually done by a ………………………….. Institution.

A. marketing
B. financial
C. production
D. none of these
Answer» B. financial
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