BB0028 Entrepreneurship Development MQP

MODEL QUESTION PAPER

Course: BBA Semester 6

Paper Code: BB0028 Book ID: B0157

Paper Name: Entrepreneurship Development

Question no 1 to 40 = 1 mark

Question no 41 to 60 = 2 marks

Question no 61 to 75 = 4 marks

Q No

Question

1. The term “Entrepreneur” has been derived from the word “ entreprendre” which means:

a. To give b. To undertake c. To choose d. To decide

2. Entrepreneurship is a creative activity - Said by: a. Frederick Harbison b. B. F. Hoselitz c. B. Higgins d. Joseph A. Schumpter

3. What is the hallmark of a successful entrepreneur? a. Risk bearing capacity b. Persistence c. Flexibility d. Self confidence

4. Which type of entrepreneurs utilizes a chance to introduce new technique or new product?

a. Innovative entrepreneur b. Instigated entrepreneur c. Initiative entrepreneur d. Fabian entrepreneur

5. In which state of India, standard of education is highest? a. Tamil Nadu b. Andhra Pradesh c. Kerala

d. Karnataka

6. Which phase is the phase of real training? a. Initial phase b. Training phase c. Post training phase d. Follow up phase

7. “Seed Capital Scheme” is being operated by? a. IDBI b. SIDC c. ICICI d. IFCI

8. Calcutta “Y” Self- Employment Centre targets unemployed youths between? a. 18 to 30 years b. 16 to 25 years c. 18 to 25 years d. 20 to 30 years

9. In 1995 – 96 period what percentage of the total entrepreneurs were women entrepreneurs?

a. 10 % b. 11.2% c. 13% d. 9%

10. Why majority of the women are unaware of technological developments? a. Low risk bearing ability b. Low mobility c. Lack of education d. Low need of achievement

11. Which of the following is a remedy to solve the problems of women entrepreneurs?

a. Social attitude b. Finance cells c. Stiff Competition d. Supervision

12. When was “Yashaswini Programme” held in Mysore? a. November 2000 b. July 2001 c. June 2002 d. November 2001

13. What is the analytical study of the end products and by product can throw light on new product ideas?

a. Emerging technologies b. Market characteristics c. Social and economic trends d. Product profile

14. Who manufactured “Sumeet” mixies to suit Indian conditions? a. Manohar Kumar Mathur b. Satya Prakash Mathur

c. Mridula Kumar Mathur d. Prakash Kumar Mathur

15. What can be defined as an attractive project idea which an entrepreneur accepts as a basis for his investment decision?

a. Possibility b. Business c. Opportunity d. Notion

16. What is two way exchange process in which the needs and wants of the buyer and seller are satisfied?

a. Marketing b. Selling c. Producing d. Accounting

17. Which phase starts after the investment decision is taken? a. Normalisation phase b. Construction phase c. Pre-investment phase d. Product identification phase

18. What provides all the necessary information of the unit proposed to be set-up for the manufacture of a product or rendering a service?

a. Project description b. Project appraisal c. Project implementation schedule d. Project report

19. BEP = (F/(S-V)) x 100 What does F stand for?

a. Fixed sales b. Fixed cost c. Finished stock d. Final output

20. Which statement gives a projection of future sources of cash and their applications?

a. Cash flow statement b. Fund flow statement c. Income statement d. Balance sheet

21. In long term capital, the repayment of money is arranged for what time period? a. Within 1 year b. More than 2 years c. More than 7 years d. More than 5 years

22. Ownership capital is also known as? a. Debt b. Equity c. Loan

d. Mortgage

23. To whom does the company pay interest? a. Shareholder b. Customer c. Debenture holder d. Creditor

24. When was the first SFC (State Financial Corporation) set up in Punjab? a. 1950 b. 1958 c. 1953 d. 1960

25. When was Small Scale Industries Board constituted? a. 1958 b. 1960 c. 1953 d. 1954

26. Which type of industrial estates is called conventional industrial estates? a. General type industrial estate b. Special type industrial estate c. Ancillary industrial estate d. Workshop bay

27. Government industrial estates come under which type of classification? a. Variant b. Objective c. Functional d. Organizational

28. Under Section 80J of Income Tax act, 1961 new industrial undertakings are exempted from the payment of income tax on their profits subject maximum of what percentage of their capital employed?

a. 5% b. 6% c. 10% d. 15%

29. Rehabilitation allowance is granted under which section of Income Tax Act, 1961?

a. 30-B b. 80-C c. 32-D d. 33-B

30. When was investment allowance introduced? a. 1970 b. 1961 c. 1967 d. 1976

31. IPR stands for? a. Industrial Policy Resolutions b. Industrial Protection Resolutions

c. Independent Policy Reforms d. Income Plan Rewards

32. When was the policy titled” Policy Measures for Promoting and Strengthening and Supplementing Small, Tiny and Village Enterprises” tabled in the Parliament?

a. July 6, 1990 b. August 28, 1992 c. August 6, 1991 d. June 15, 1991

33. National Programme for Rural Industrialization has been announced with a mission to set up how many rural clusters every year?

a. 150 b. 200 c. 250 d. 100

34. “Quality is fitness for use or purpose” said by: a. Philip B. Crosby b. Joseph M. Juran c. W. Edwards Deming d. ISO

35. What refers to managing continuous improvement and does not address any specific organizational level?

a. Quality b. Administration c. Management d. People

36. What is the fourth element involved in TQM? a. Processes b. Team Work c. Continuous Improvement d. Customer Satisfaction

37. What breeds personal initiative? a. Empowerment b. Consensus c. Team work d. Organization

38. In which stage the business expands by way of opening its branches? a. Start up stage b. Growth stage c. Expansion stage d. Maturity stage

39. Which form of growth of business is diversification? a. External b. Vertical c. Horizontal d. Internal

40. When two or more enterprises merge into one to form a new enterprise, what

is it called? a. Absorption b. Amalgamation c. Joint Venture d. Franchising

41. _________ says that entrepreneurship is a ___________ activity. a. Fredrick Harbison & creative b. Fredrick Harbison & innovative c. Schumpter & creative d. Schumpter & innovative

42. Which of the following is not a quality of a successful entrepreneur as specified by Mc Clelland?

a. He is endowed with an unusual creativeness. b. He has high degree of ambition. c. He is enriched by high propensity. d. He has also a strong need for achievement.

43. The Institute of Entrepreneurship Development has trained around _______ youths in ____ programmes till 1987 April.

a. 300, 14 b. 500, 20 c. 200, 10 d. 400,13

44. Madhya Pradesh Consultancy Organisation Ltd. gives _____ and ______ training to entrepreneurs.

a. Technical and managerial b. Vocational and technical c. Managerial and administrative d. Financial and technical

45. According to Frederick Harbison, which of the following is not a function of a women entrepreneur?

a. Explore the prospects of starting new enterprises. b. Co-ordination, administration and control c. The power to resist criticism d. Supervision and providing leadership in all aspects of the business.

46. Which of the following is not a source of idea for an entrepreneur? a. Cost of the project b. Product profile c. Imports and exports d. Emerging technologies

47. While doing a market survey for raw material availability, which of the following should be considered?

a. Existing brand loyalties and consumption pattern b. Leading suppliers and time for order execution c. Market strategy and advertising d. Major manufacturers and machinery delivery schedules

48. According to Peter Drucker, which of the following is not a kind of opportunity? a. Breakthrough

b. Additive c. Complementary d. Market

49. Debt-Service Coverage ratio = Net profit after tax + ______________ + interest for one year/___________ + interest for one year

a. Depreciation and sales b. Depreciation and capital employed c. Equity and installment d. Depreciation and installment

50. On the basis of permanence, the financial needs are classified into : a. Fixed & working capital b. Long term & fixed capital c. Short term & fixed capital

Long term & short term capital

51. An optimum capital structure can be defined as a financing mix incurring the _____ cost but yielding the __________results.

a. Least & maximum b. Maximum & least c. Least & minimum d. Maximum & minimum

52. The term “export finance” refers to _____ facilities and techniques of _________ at the pre shipment and post shipment stages.

a. Debit & payment b. Credit & payment c. Credit & collection d. Credit & debit

53. On the basis of organizational set – up, industrial estates are classified into: a. Private industrial estates & functional industrial estates b. Functional industrial estates & the workshop bay c. Municipal industrial estates & private industrial estates d. Functional industrial estates & Municipal industrial estates

54. In order to become eligible for tax concession, the small scale industries need to employ at least ____ & _____ workers in a manufacturing process carried on with and without the aid of power respectively.

a. 10 & 20 b. 20 & 10 c. 10 & 30 d. 20 & 30

55. Section 80M of the Income Tax Act,1961,provides for deductions in respect of: a. Royalties from any company in India & Inter corporate dividends b. Inter corporate dividends & Income of Co operative Societies c. Income of Co operative Societies & Royalties from any company in India d. Royalties from any company in India & Royalties from certain foreign

companies

56. The IPR 1956 for SSI aimed at : a. Protection plus Growth b. Protection plus Development

c. Protection plus Promotion d. Promotion plus Development

57. The main thrust of the Seventh Plan was __________ and not ____________. a. Reservation & competition b. Development & competition c. Competition & reservation d. Advancement & reservation

58. Quality is a _________determination, not the __________ determination. a. Manufacturer’s & Customer’s b. Seller’s & Customer’s c. Customer’s & Manufacturer’s d. Seller’s & Buyer’s

59. TQM is a philosophy where the approach is ____________ and ___________. a. Human & scientific b. Behavioural & Scientific c. Behavioural & Human d. Systematic & Human

60. Sub – contracting is a __________ beneficially ______________ relationship between two companies.

a. Exclusively & Traditional b. Mutually & Commercial c. Mutually & Traditional d. In exclusively & Commercial

61. Match the following:

HEADS ENTREPRENEURIAL FUNCTIONS

A. Exchange Relationship

i. Setting up a factory

B. Managerial Control

ii. Purchasing of inputs

C. Technological Skill iii. Dealing with customers

D. Administration iv. Managing finance

a. A – i, B – ii, C – iii, D – iv b. A – iii, B – iv, C – i, D –ii c. A – ii, B- iii, C- iv, D – i d. A – iv, B – iii, C- ii, D -i

62. State TRUE Or FALSE: A. The creation of something new is known as innovation. B. The creation of something new is known as invention. C. Drones are entrepreneurs who are unwilling to make any change in the

production system. D. Super growth entrepreneurs are those who necessarily take up a high

growth industry. a. False, True, True, False b. True, False, True, False

c. False, True, True, False d. False, True, False, True


INSTITUTIONS LEVEL THAT WHICH SUPPORT TO ENTREPRENEURS IS EXTENDED

A. ICICI i. State Level

B. SFCs ii. State Level

C. SIDCS iii. All India level

a. A – iii, B –ii, C – i b. A –ii, B – iii, C – i c. A- i, B –ii, C –iii d. A – iii, B –i, C – ii e. Either a or d


INSTITUTION MAJOR FUNCTION

A. CYSEC i. Give 6 months entrepreneurial training to literate people belonging to hill tribes of the districts

B. TCOs ii. Motivating and instigating the educated and unemployed youth to seek self employment

C. EDII iii. Improve the operational efficiency of the entrepreneurs by providing them technical advice

D. XISS iv. Extend necessary help to entrepreneurs to commence

their own enterprises

a. A – iii, B – iv, C – ii, D – i b. A – i, B – ii, C – iii, D – iv c. A – ii, B – iii, C – iv, D – i d. A – iii, B – iv, C – i, D – ii

65. State TRUE Or FALSE: A. Indian women have no need for achievement. B. Low mobility acts as a barrier to women entrepreneurship. C. Sound family atmosphere is not a necessity for the development of

women entrepreneurs. D. Women have a low ability to bear risk.

a. True, True, False, True b. True, False, False, True c. True, False, false, True d. True, False, False, False

66. Arrange the steps of Project Life Cycle in the correct sequence: a. Construction phase, Normalization Phase, Pre investment phase b. Pre investment phase, Normalization Phase, Construction Phase c. Normalization Phase, Construction Phase, Pre investment Phase d. Pre investment Phase, Construction Phase, Normalization Phase

67. State TRUE Or FALSE: A. Repayment Schedule is not included in the project report. B. A project report provides all the necessary information of the unit

proposed to be set up. C. Study of import statistics is a potential source of product idea. D. Break even analysis is included in a project report.

a. False, True, True, True b. True, True, True, True c. False, True, True, True d. False, False, True, True

68. State TRUE Or False: A. Financial structure is primarily represented by short term sources. B. Financial structure is represented both by short term and long term

sources. C. Capital structure is primarily represented by short term sources. D. Capital structure is primarily represented by long term sources.

a. False, True, True, True b. True, True, True, True c. False, True, False, True d. False, False, True, True


Institutions Year of establishment

A. ICICI i.1956

B. IDBI ii.1948

C. IFCI iii.1964

D. LIC iv.1955

a. A – i, B- ii, C –iii, D- iv b. A – iv, B – iii, C – ii, D – i c. A –iii, B- i, C –ii, D – iv d. A – i, B – iii, C- iv, D -ii


Types of Industrial Estates

Basis of Classification

A. Special Type Industrial Estate

i.Other Variants

B. Municipal Industrial Estate

ii.Organizational Set up

C. Workshop Bay iii. Function

a. A – ii, B- iii, C –iii b. A – i, B – iii, C – ii c. A –iii, B- ii, C –i d. A – ii, B – i, C -iii


Benefits Section of the Income Tax Act,1961

A. Tax Holiday i. Sec 31A

B. Depreciation ii. 80 J

C. Rehabilitation Allowance

iii. Sec 32

D. Investment Allowance

iv. Sec 33-B

a. A – iii, B – iv, C – ii, D – i b. A – i, B – ii, C – iii, D – iv c. A – ii, B – iii, C – iv, D – i d. A – iii, B – iv, C – i, D – ii


Deduction Benefits Section of the Income Tax Act,1961

A. Royalties from any company in India

i. Sec 80 P

B. Royalties from certain foreign

ii. Sec 80 M

companies

C. Inter corporate Dividends

iii. Sec 80 O

D. Income of Co operative Societies

iv. Sec 80 M

a. A – iii, B – iv, C – ii, D – i b. A – i, B – ii, C – iii, D – iv c. A – ii, B – iii, C – iv, D – i d. A – iv, B – iii, C – ii, D – i

73. State TRUR Or FALSE: A. The IPR 1980 re – emphasized the spirit of the IPR 1956. B. The IPR 1977 added development. C. The IPR 1956 aimed at protection plus development. D. The IPR 1977 emphasized on effective promotion of the cottage

industry.

a. True, False, True, True b. False, False, True, True c. True, False, True, False d. True, false, False, False


Quality Imperatives Period

A. Operator Inspection

i. 1940 - 60

B. Foreman Inspection

ii. 1920 – 40

C. QC Departments iii. 1890 - 1920

D. SQC iv. 1870 – 1890

a. A – iii, B – iv, C – ii, D – i b. A – i, B – ii, C – iii, D – iv c. A – ii, B – iii, C – iv, D – i d. A – iv, B – iii, C – ii, D – i

75. Arrange in sequence the stages of Small Business Growth: a. Growth, start up, maturity, expansion, decline b. Initial phase, growth, maturity, expansion, decline c. Start up, growth, expansion, maturity, decline d. Pre phase, start up, growth, maturity, decline

BB0028 Entrepreneurship Development MQP

Documents