McqMate
201. |
A spontaneous entrepreneur is one |
A. | who is motivated by others to start an enterprise |
B. | who is induced by governmental policy |
C. | who is motivated by psychological rewards |
D. | who has strong conviction and confidence in his in-born ability |
Answer» D. who has strong conviction and confidence in his in-born ability |
202. |
According to Druckers, how many conditions have to be fulfilled for systematic innovation |
A. | Three |
B. | Four |
C. | Five |
D. | Six |
Answer» A. Three |
203. |
“Entrepreneurs reacted to economic change, thereby becoming the economic agents who transformed demand into supply.” This statement is given by: |
A. | Adam Smith |
B. | Cantillon |
C. | Evans |
D. | Peter F Drucker |
Answer» A. Adam Smith |
204. |
John Stuart Mill observed the necessity of entrepreneurship in business for economic development in |
A. | 1945 |
B. | 1946 |
C. | 1947 |
D. | 1948 |
Answer» D. 1948 |
205. |
According to Clarence Danhof, types of entrepreneurs are |
A. | Two |
B. | Three |
C. | Four |
D. | Five |
Answer» C. Four |
206. |
An entrepreneur is: |
A. | Risk-bearer |
B. | Organizer |
C. | Innovator |
D. | All of the above |
Answer» D. All of the above |
207. |
Which of the following is not a Managerial function of entrepreneur? |
A. | Accounting |
B. | Organizing |
C. | Staffing |
D. | Planning |
Answer» A. Accounting |
208. |
Innovation is considered as hallmark for an entrepreneur is the view held by; |
A. | Richard Cantillon |
B. | Peter Drucker |
C. | Joseph A Schumpter |
D. | David C.McClelland |
Answer» C. Joseph A Schumpter |
209. |
The most suitable type of entrepreneur for a developing economy like India is: |
A. | Innovaive |
B. | Imitative |
C. | Fabian |
D. | Drone |
Answer» B. Imitative |
210. |
Which of the following is not a personal characteristic often found in an entrepreneur? |
A. | self-confident |
B. | Independent |
C. | perceptive |
D. | follower |
Answer» D. follower |
211. |
An individual who starts, creates and manages a new business can be called: |
A. | Leader |
B. | Manager |
C. | Entrepreneur |
D. | Professional |
Answer» C. Entrepreneur |
212. |
Role of entrepreneus includes: |
A. | Employment generation |
B. | Wealth creation & Poverty reduction |
C. | Rural Development |
D. | All of the above |
Answer» D. All of the above |
213. |
Balanced regional development includes: |
A. | Economin and non-economic considerations |
B. | Economin consideration only |
C. | Non-economin consideration only |
D. | All of the above |
Answer» A. Economin and non-economic considerations |
214. |
An entrepreneurs plays an important role in: |
A. | Economic development |
B. | Political development |
C. | Religious development |
D. | None of the above |
Answer» A. Economic development |
215. |
“Entrepreneurship is an innovative function. It is leadership rather than ownership,” was given by: |
A. | H N Pathak |
B. | Joseph A. Schumpeter |
C. | Peter F Drucker |
D. | H W Johnson |
Answer» C. Peter F Drucker |
216. |
Many entrepreneurs fail due to |
A. | Lack of motivation |
B. | Lack of technical skills |
C. | Lack of business knowledge |
D. | All of the above |
Answer» D. All of the above |
217. |
_________defines an entrepreneur as one, who always searches for change, responds to it and exploits it as an opportunity |
A. | Richard Canilton |
B. | Peter F Drucker |
C. | Joseph Schumpeter |
D. | Henry Fayol |
Answer» B. Peter F Drucker |
218. |
The term concept of entrepreneurship originated in |
A. | 18th century |
B. | 17th century |
C. | 16th century |
D. | 15th century |
Answer» C. 16th century |
219. |
In relation to Indian Industries, entrepreneurship is |
A. | Necessary |
B. | Unnecessary |
C. | Burden |
D. | Wastage of time & money |
Answer» A. Necessary |
220. |
___________shows the process of creating something new. |
A. | Innovation |
B. | Business model |
C. | Modeling |
D. | Creative flexibility |
Answer» A. Innovation |
221. |
The goals should be ______for the success of business plan |
A. | Generalized |
B. | Specific |
C. | Limitless |
D. | Imaginary |
Answer» B. Specific |
222. |
The term concept of entrepreneurship originated in |
A. | 18th century |
B. | 16th century |
C. | 17th century |
D. | 15th century |
Answer» A. 18th century |
223. |
In relation to Indian industries entrepreneurship is: |
A. | Necessary |
B. | Burden |
C. | Unnecessary |
D. | Wastage of time & money |
Answer» A. Necessary |
224. |
Entrepreneur is: |
A. | Innovator |
B. | Problem solver |
C. | Risk taker |
D. | All of these |
Answer» D. All of these |
225. |
An entrepreneur plays an important role in: |
A. | Economic development |
B. | Religious development |
C. | Political development |
D. | None of these |
Answer» A. Economic development |
226. |
An entrepreneur is: |
A. | Born |
B. | Born & made both |
C. | Made |
D. | None of these |
Answer» B. Born & made both |
227. |
Entrepreneurs are helpful in bringing about: |
A. | Balanced industrial development |
B. | Unbalanced industrial development |
C. | Scattered industrial development |
D. | None of these |
Answer» A. Balanced industrial development |
228. |
Entrepreneur in employment opportunities: |
A. | Increase |
B. | Decrease |
C. | Neither increase nor decrease |
D. | None of these |
Answer» A. Increase |
229. |
The first Industrial Policy Resolution 1948 was held during: |
A. | Pre-independence era |
B. | Swadeshi movement |
C. | Post-war period |
D. | Post-independence era |
Answer» D. Post-independence era |
230. |
Innovation theory first was given by: |
A. | David McClelland |
B. | Peter F. Drucker |
C. | Joseph A. Schumpeter |
D. | Richard Cantillon |
Answer» C. Joseph A. Schumpeter |
231. |
David McClelland has introduced the theory of: |
A. | Need for Achievement |
B. | Innovation |
C. | Agent |
D. | Good Leadership Skills |
Answer» A. Need for Achievement |
232. |
From which Five Year Plan the moto was ‘an economy is the effect for which entrepreneurship is the cause’: |
A. | 5th |
B. | 6th |
C. | 7th |
D. | 8th |
Answer» B. 6th |
233. |
„Entreprendre‟ is: |
A. | English language |
B. | Latin language |
C. | Russian language |
D. | French language |
Answer» D. French language |
234. |
The characteristic of an entrepreneur is: |
A. | need to achieve |
B. | risk bearing capacity |
C. | optimist |
D. | all of the above |
Answer» D. all of the above |
235. |
Innovation means: |
A. | execution of new ideas |
B. | implementation of new ideas |
C. | operation of new ideas |
D. | separation of new ideas |
Answer» B. implementation of new ideas |
236. |
Role of entrepreneur can be depicted |
A. | giving emphasis on village and cottage industries |
B. | starting big business |
C. | imitating other business |
D. | doing trading business |
Answer» A. giving emphasis on village and cottage industries |
237. |
Entrepreneurship played a pivotal role in bringing social stability by: |
A. | maximising profit |
B. | increasing own wealth |
C. | alleviating of poverty |
D. | developing business |
Answer» C. alleviating of poverty |
238. |
Dynamic entrepreneurship innovation theory was developed during |
A. | 1949 |
B. | 1950 |
C. | 1951 |
D. | 1952 |
Answer» A. 1949 |
239. |
Thematic appreciation test is conducted by the |
A. | Mc Clelland |
B. | Young |
C. | Kinzner |
D. | Knight |
Answer» B. Young |
240. |
X-efficiency theory indicates the use of resources in terms of |
A. | efficiency |
B. | inefficiency |
C. | proper |
D. | improper |
Answer» B. inefficiency |
241. |
Most of EDPs have |
A. | Three phase |
B. | Four phase |
C. | Five phase |
D. | Six phase |
Answer» A. Three phase |
242. |
The Khadi and Village industries commission was established in |
A. | April 1957 |
B. | Sept 1957 |
C. | Sept 1967 |
D. | April 1987 |
Answer» A. April 1957 |
243. |
The DICs programme was started by the central govt in |
A. | 1968 |
B. | 1978 |
C. | 1988 |
D. | 1998 |
Answer» B. 1978 |
244. |
KVIC has launched common brand names for KVIC products in |
A. | July 2001 |
B. | August 2001 |
C. | September 2001 |
D. | October 2001 |
Answer» D. October 2001 |
245. |
Rural industries consultancy services cell is set up under |
A. | DIC |
B. | Industries department |
C. | NABARD |
D. | KVIC |
Answer» D. KVIC |
246. |
EDP implies: |
A. | Development of entrepreneurial ablilities |
B. | Development of business |
C. | Development of society |
D. | None of the above |
Answer» A. Development of entrepreneurial ablilities |
247. |
National Bank for Agriculture and Rural Development initial is: |
A. | NBA |
B. | NABARD |
C. | BARD |
D. | None of the above |
Answer» B. NABARD |
248. |
The Indian Institute of Entrepreneurship (IIE) was established in the year |
A. | 1989 |
B. | 1998 |
C. | 1993 |
D. | 2002 |
Answer» C. 1993 |
249. |
Phases of EDP consist of |
A. | Pre-training phase |
B. | Training phase |
C. | Follow-up |
D. | All of the above |
Answer» D. All of the above |
250. |
According to Schumpeter‟s Theory of Innovation, innovation involve: |
A. | New products |
B. | Opening of new market |
C. | New method of production |
D. | All of the above |
Answer» D. All of the above |
251. |
DIC is the abbreviated form of |
A. | District Incubation Centre |
B. | Direct Innovation Centre |
C. | District Industries Centre |
D. | Non of the above |
Answer» C. District Industries Centre |
252. |
Objectives of Khadi and Village Industries Commission (KVIC): |
A. | Promote khadi in rural areas |
B. | Provide employment |
C. | Build Strong community |
D. | All of the above |
Answer» D. All of the above |
253. |
The duration of an EDP is generally for a period of: |
A. | 3 Weeks |
B. | 4 Weeks |
C. | 5 Weeks |
D. | 6 Weeks |
Answer» A. 3 Weeks |
254. |
Entrepreneurship development institute of India was set up in |
A. | 1983 |
B. | 1993 |
C. | 1994 |
D. | 1984 |
Answer» A. 1983 |
255. |
Indian Institute of Entrepreneurship is situated at |
A. | Shillong |
B. | Imphal |
C. | Guwahati |
D. | Aizawl |
Answer» C. Guwahati |
256. |
It is the Apex banking institution to provide finance for Agriculture and rural development. |
A. | SBI |
B. | IDBI |
C. | NABARD |
D. | EXIM |
Answer» C. NABARD |
257. |
KVIC was established in |
A. | 1952 |
B. | 1962 |
C. | 1953 |
D. | 1963 |
Answer» C. 1953 |
258. |
Entrepreneurial development programme provides |
A. | Self-employment |
B. | Increase in skills of entrepreneur |
C. | Education and Training |
D. | All of the above |
Answer» D. All of the above |
259. |
EDPs course contents contains_______ |
A. | General introduction to entrepreneurs |
B. | Motivation training |
C. | Managerial skills |
D. | All of the above |
Answer» D. All of the above |
260. |
The application for registration of a small scale unit should be submitted to the___ |
A. | General manager, DIC |
B. | Director, DIC |
C. | General Manager, NSIC |
D. | Director, NSIC |
Answer» A. General manager, DIC |
261. |
District Industries centers are located |
A. | in each district |
B. | in each state |
C. | only in selected districts |
D. | only in selected states |
Answer» A. in each district |
262. |
Who called entrepreneur an innovator? |
A. | Thomas Cochran |
B. | McClelland |
C. | Schumpeter |
D. | Everest Hagen |
Answer» C. Schumpeter |
263. |
The fundamental of in entrepreneurship is: |
A. | Entrepreneurship development |
B. | Entrepreneurial disposition |
C. | Innovation |
D. | Profitable enterprise |
Answer» B. Entrepreneurial disposition |
264. |
Indian Institute of Entrepreneurship (IIE) is situated at |
A. | Shillong |
B. | Guwahati |
C. | Imphal |
D. | Aizawl |
Answer» B. Guwahati |
265. |
The basic objective of EPD is: |
A. | Select product |
B. | Formulate the project |
C. | Acquire managerial skill |
D. | All of the above |
Answer» D. All of the above |
266. |
Entrepreneurial development programme provides |
A. | Self-employment |
B. | Increase in the skills of entrepreneur |
C. | Education and training |
D. | All of the above |
Answer» D. All of the above |
267. |
The functions and activities of DICs are monitored by: |
A. | The state Government |
B. | The central Government |
C. | Directorate of Industries and commerce |
D. | Ministry of Micro, Small and Medium Enterprises |
Answer» C. Directorate of Industries and commerce |
268. |
KVIC is an apex organization under the: |
A. | Government of India |
B. | State Government |
C. | Ministry of Micro, Small and Medium Enterprises |
D. | Act of Parliament |
Answer» C. Ministry of Micro, Small and Medium Enterprises |
269. |
Which of the following banks provide financial assistance to promote new entrepreneurs? |
A. | IDBI |
B. | SBI |
C. | RBI |
D. | NABARD |
Answer» A. IDBI |
270. |
Entrepreneurship Development Programme (EDP) may be defined as: |
A. | Training Programme |
B. | Committee meeting |
C. | Community programme |
D. | Social service |
Answer» A. Training Programme |
271. |
The District Industries Centre (DIC) is the institution at the: |
A. | Central level |
B. | State level |
C. | District level |
D. | Block level |
Answer» C. District level |
272. |
After completing all formalities, entrepreneurs should get permanent registration before commencing the production from: |
A. | Directorate of Industries |
B. | Directorate of Trade and Commerce |
C. | Central Government |
D. | DICs |
Answer» D. DICs |
273. |
Indian Institute of Entrepreneurship (IIE), Guwahati is for |
A. | Eastern region |
B. | North Eastern region |
C. | Assam |
D. | Mizoram |
Answer» B. North Eastern region |
274. |
The pilot project of NABARDfordigitisation of SHGs called |
A. | e-Shakti |
B. | e-Samriddhi |
C. | e-Shanti |
D. | e-Samraksha |
Answer» A. e-Shakti |
275. |
EDII is situated at |
A. | Delhi |
B. | Mumbai |
C. | Kolkata |
D. | Ahmedabad |
Answer» D. Ahmedabad |
276. |
NABARD is promoting an entrepreneurial culture among the: |
A. | urban youth |
B. | rural youth |
C. | city youth |
D. | metro youth |
Answer» B. rural youth |
277. |
To be eligible under PMEGPthrough KVIC, the applicant‟s age should be: |
A. | 25 and above |
B. | 20 and above |
C. | 18 and above |
D. | 30 and above |
Answer» C. 18 and above |
278. |
A project or a business undertaking especially a commercial one involving a risk and uncertainty is called |
A. | an enterprise |
B. | a unit |
C. | a venture |
D. | an industry |
Answer» A. an enterprise |
279. |
The entrepreneur should ensure that the opportunity must be compatible with |
A. | fund availability |
B. | man power availability |
C. | ability to do |
D. | all above |
Answer» D. all above |
280. |
The basic purpose of economic analysis, resources should be valued in terms of their |
A. | economic cost |
B. | production cost |
C. | price cost |
D. | opportunity cost |
Answer» D. opportunity cost |
281. |
The financial plan for meeting the cost of the project depends on how accurately estimated with |
A. | cost |
B. | technical know how |
C. | economic physibility |
D. | environmental opportunity |
Answer» A. cost |
282. |
The investigation will help him to reach a conclusion as to the feasibility and prospect of the whole proposal is depend on |
A. | discovery of an idea |
B. | preliminary investigation |
C. | detailed investigation |
D. | framing of plan |
Answer» B. preliminary investigation |
283. |
Internal environmental factor includes |
A. | number of workers |
B. | amount of investment |
C. | both a and b |
D. | none of the above |
Answer» C. both a and b |
284. |
“Promotion is the discovery of business opportunities and subsequent organisation of funds, property and managerial ability into a business concern for the purpose of earning profit thereon.” this definition is given by: |
A. | C.W Gerstenberg |
B. | Elan R.K.N |
C. | Nick Mick |
D. | T.R Ming |
Answer» A. C.W Gerstenberg |
285. |
Commercial exploitation of indigeneous or imported technology and knowhow is another source of |
A. | product profile |
B. | project idea |
C. | market character |
D. | none of the above |
Answer» B. project idea |
286. |
Success of enterprise depends on: |
A. | Both entrepreneur and enterprise are good |
B. | Only entrepreneur is good |
C. | Only enterprise selection is suitable |
D. | All of the above. |
Answer» A. Both entrepreneur and enterprise are good |
287. |
Characteristics of Business environment include: |
A. | Complex and Dynamic |
B. | Multi-faceted and Far-reached impact |
C. | All of the above |
D. | None of the above |
Answer» C. All of the above |
288. |
Dimensions of Business Environment consist of: |
A. | Economic & Social environment |
B. | Political & Legal environment |
C. | Technological environment |
D. | All of the above |
Answer» D. All of the above |
289. |
In SWOT analysis Strength and weakness relates to: |
A. | Entrepreneur |
B. | Environment |
C. | All of the above |
D. | None of the above |
Answer» A. Entrepreneur |
290. |
Business or project ideas can be generated from: |
A. | Internal |
B. | External |
C. | Both Internal & External |
D. | None of the above |
Answer» C. Both Internal & External |
291. |
Selecting a project out of projects identified is called: |
A. | Referencing process |
B. | Zeroing in process |
C. | Picking process |
D. | Handling in process |
Answer» B. Zeroing in process |
292. |
In SWOT analysis Opportunities and Threats relates to: |
A. | Entrepreneur |
B. | Environment |
C. | All of the above |
D. | None of the above |
Answer» B. Environment |
293. |
Entrepreneurship development process includes: |
A. | Selecting potential targets |
B. | Choosing the right location |
C. | Tying up with Instituitions |
D. | All of the above |
Answer» D. All of the above |
294. |
External environment factors are |
A. | Economic |
B. | Social |
C. | Technical |
D. | All of the above |
Answer» D. All of the above |
295. |
Opportunity means a chance to do: |
A. | new things |
B. | old things |
C. | new and old things |
D. | None of the above |
Answer» A. new things |
296. |
Which of the following is not the factor of internal environmental analysis? |
A. | Production |
B. | marketing |
C. | Competitive |
D. | Finance |
Answer» C. Competitive |
297. |
Indirect –action elements of external environment includes: |
A. | Political |
B. | legal |
C. | Socio-cultural |
D. | All of the above |
Answer» D. All of the above |
298. |
Internal environment is also called: |
A. | Specific environment |
B. | Micro environment |
C. | Both (a) and (b) |
D. | None of the above |
Answer» C. Both (a) and (b) |
299. |
Good sources of information for an entrepreneur about competitors can be obtained from |
A. | Websites |
B. | Product information leaflets |
C. | Company reports and published accounts |
D. | All of the above |
Answer» D. All of the above |
300. |
From the following which one is factor affecting entrepreneurial growth: |
A. | Social |
B. | Economic |
C. | Psychological |
D. | All of the above |
Answer» D. All of the above |
Done Reading?