Entrepreneurship Management QUESTION BANK UNIT - 1 1) ________is the drive to achieve a goal (a)Motivation (b) Need for Achievement (c) Competency (d) None of These 2) ________entrepreneurs are extremely task oriente(d) (a)Technical (b) Fabian (c) induced (d) Business 3) Knowledge + Skill + Traits = ________ (a)Innovation (b) Competency (c) Skill (d) Creativity 4) The capacity to develop new ideas, concepts and processes is known as : (a) Innovation (b) invention (c) skill (d) creativity. 5) Which of the following risks is borne by the entrepreneur? (a) Financial risks (b) personal risks (c) psychological risks (d) all of these 6) ________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 7) ________ skill helps an entrepreneur to establish an enterprise. (a)communication (b)decision-making (c)project development (d)management 8) ________ is a combination of knowledge, skills and appropriate motives that an individual must possess to perform a given task. (a) Persistence (b) initiative (c) Competency (d) creativity. 9) ________ is the ability of an entrepreneur to successfully convince others. (a) Persistence (b) initiative (c) Competency (d) persuasion. 10) Which one of the following actions by an entrepreneur is most likely to contribute to creative destruction? (a) Development of a new product (b) Take-over of a competitor (c) Issuing shares (d) Reducing prices 11) An advantage of the small firm in the innovation process? (a) Ability to carry out R&D (b) Ability to raise finance
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Entrepreneurship Management
QUESTION BANK
UNIT - 1
1) ________is the drive to achieve a goal
(a)Motivation (b) Need for Achievement (c) Competency (d) None of These
2) ________entrepreneurs are extremely task oriente(d)
18) The number one characteristic shared by successful entrepreneurs is
(a) a charismatic personality (b) passion for the business (c) a desire to employ other people (d) a desire to fulfil a lifetime dream
19) In regard to business models, which of the following statements in INCORRECT?
(a) There is a standard business model hat most firms follow.
(b) A firm’s business model is inherently dependent on the collection of resources it
controls and the capabilities it possesses.
(c) It is dangerous for a company to assume that it can be successful by simply copying
the business model of another firm.
(d) A firm’s business model is its plan or diagram for how it competes.
20) Which of the following is not a main project objective? (a)Time. (b)Structure (c)Quality (d)Cost 21) Which of the following is a main PRINCE project aim? (a)Stay within budget (b)Meet specified quantity (c) Meet specified quality (d)All of the above. 22) The invention and use of machines was actually stimulated by a shortage of (a)labour (b)capital (money) (c)raw materials (d)trading ships 23) The idea of convergence of GDP suggests that: (a) all countries will eventually join the EE(C)
(b) poorer countries have higher capital/labour ratios than richer countries.
(c) poorer less developed countries will catch up with richer ones.
(d) the gap between countries GDP per head will widen.
24) Which of the following is a fourth step in the entrepreneurial process? (a) Developing successful business ideas
(b) Deciding to become an entrepreneur
(c) Growing the entrepreneurial firm
(d) Moving from an idea to an entrepreneurial firm
25) Which one of the following is not the intrapreneurial leadership characteristic? (a) Understands environment (b) Encourage the team work (c) Not flexible (d)Persistent 26) Andrew Carneige is an example of entrepreneur of which century: (a) Earliest period (b) 19th and 20th century (c)Middle ages (d)17th century 27) How many major stages of product planning and development process are there? (a) Four (b)Five (c)Six (d)Seven 28) Which of the following is a second step in the entrepreneurial process?
(a) Developing successful business ideas (b) Deciding to become an entrepreneur (c) Growing the entrepreneurial firm (d) Moving from an idea to an entrepreneurial firm 29) Which of the following shows the process of creating something new? (a)Business model (b)Modeling (c)Innovation (d)Creative flexibility 30) Which of the following is a third step in the entrepreneurial process? (a) Developing successful business ideas (b) Deciding to become an entrepreneur (c) Growing the entrepreneurial firm (d) Moving from an idea to an entrepreneurial firm
31) All of the following are popular demographic factors about entrepreneurs that have
been studied EXCEPT:
(a) Self-confidence (b) Gender (c)Education (d)Family birth order
32) The process of perceiving the possibility of a profitable new business, product or
33) Which of the following issues should be considered in industry/target market
feasibility analysis?
(a) Industry attractiveness (b) Gaps in the marketplace
(c)Financial rate of return (d) Resource sufficiency
UNIT – 2
1) NSIC is stands for_________ (a) National Science of Indian Corporation (b)National Small Industries Corporation (c) Nation Social Industries Corporation (d)National Society of Industrial Corporation 2) The NSIC was set up in the year of_______ (a) 1935 (b)1955 (c)1965 (d)1970 3) How many credit rankings provided for NSIC AGENCIES? a) 45 % (b)75% (c)65% (d)92% 4) Expansion of DI is__________
(a)Directorate of Industries (b)Director of individual (c) District industry (d)Distinct Industry 5) Which sector provides central polices? (a) SFC (b)SSI (c)DI (d)SDI 6) In which year does DIC was initiated?
(a)1978 (b)1945 (c)1964 (d)1965 7) Which service does DIC extends for nature?
(a)Provision of raw materials (b)Debit card (c)Assets (d)Bank Accounts 8) What is the aim of DIC?
(a) Employment opportunities (b)Rural development (c) Educate the children (d)Break Poverty 9) Expand NPC? (a) National Polytechnic college (b)National Productivity Council (c) National Private Company (d)National Political Council 10) NPC is administrated under_________
(a) Tripartite Governing Council (b) State Level Governing Council (c) State Minister (d)Chief Minister 11) Expand SFC?
(a)State Financial Corporation (b)Stable Finance Coordination (c) State Fine Corporation (d)Stable Fine Corporation 12) Who appoints the managing director of SFC? (a)Business Associations (b)The State Government (c) Public (d) Central Government 13) In Which base SFC provide loans?
(a)Assets (b) Guarantee (c)References (d) Educational Qualification. 14) How many SFC’s are in India? (a) 25 (b)19 (c)18 (d)50
15)Expand SSIB:
(a)Small Scale Industries Board (b) Small Server Industries Board (c) Small Scale Industries Business (d) Small scale Institution Board
16) In which year SSIB developed?
(a) 1970 (b)1954 (c) 1950 (d)1956 17)How many members in SSIB?
(a) 40 (b)50 (c)60 (d)75
18)EXPAND – NSTEDB
(a) National Science & Technology Entrepreneurship Development Board (b) National Service & Technic Entrepreneurship Development Board (c) National software &Tevelopment Entrepreneurship Development Board (d) National Service &Tevelopment Entrepreneur Development Board
21)International _______ Cooperation focused on innovation and wealth creation
(a)S&T (b)S&D (c)S&N (d)S&I
22) Which year SSIDC Established?
(a)1946 (b)1956 (c)1966 (d)1976
23) Which government undertaking SSIDC?
(a)central (b) state (c) central and state (d)public
24)Expand SSIDC
(a)State Small Industrial Development Corporations
(b) state small intitution development corporations (c) state small industrial deployment corporations (d) Small States industrial deployment corporations
25) Expand EDI
(a) Environment Development Infrastructure (b) Entrepreneurship Development Institute (c) Essential Decision Interface (d)Educational Development Institute
26) Which is not the EDI character
(a) Money Minded (b) Participate in institutional (c) Inculcate the spirit of entrepreneurship among youth. (d)Encourage Entrepreneurship
27) In which year the erstwhile Ministry of Industry set up the Indian Institute of Entrepreneurship
(a) 1998 (b) 1994 (c) 1995 (d)2000
28) In which place the Indian Institute of Entrepreneurship is located
(a) Delhi (b) Assam (c) UP (d)Tamil Nadu
29) Expand SBI
(a) State Banking Information (b) System Based Information
(c) State Bank of India (d)System Based Interface
30) Venture Capitalist is rewarded by ____________
(a)business success & the capital gain. (b)business plan (c)business profit (d)Capital gain
31) _____a nodal agency for identifying the needs of SSI units coordinating and
monitoring the policies and programmes for promotion of the small industries.
(a)NSIC (b)SIDO (c)KVIC (d)SSIC
32)NPC is a member of the __________
(a)Asian Productivity organization (b)Government Union
(c)Asian Development Association (d)Industries Development Association
33) The policy, direction and guidance to the institute is provided by its Governing
Council whose chairman is the __________
(a)Chief Minister (b)Minister of Parliament (c)Minister of SSI (d)Prime Minister
34) In order to extend promotion of small-scale and cottage industries beyond big cities
and state capitals to district headquarters_____ program was initiated
(a)DIC (b)SSI (c)SIDO (d)NSPC
35) DIC was established with the aim of generating ________greater especially in rural and
backward areas in the country.
(a)employment opportunities (b)Development of nation
(c)reduce poverty (d)Provide Education
36)_______ of SIDBI, SFCs have also been extending working capital along with term loans
to mitigate the difficulties faced by SSIs in obtaining working capital limits on time.
(a)Development Scheme (b)Single Window Scheme
(c)Investment Scheme (d)Financial Scheme
37)________ is an apex development bank in India having headquarters based in
Mumbai (Maharashtra) and other branches are all over the country.
(a)NABARD (b)SBI (c)RBI (d)BOI
38)NABARD was Established on_______
(a)12 July 1982 (b) 14 July 1982 (c) 15 July 1982` (d)12 July 1986
39)Which is not a feature of venture capital?
(a)Long term investment (b) Lack of liquidity (c)Decrease Poverty (d)Private equity
40)________is also known as central small industries board
(a)SSIB (b)KVIC (c)NPC (d)NSIC
41)______Publishes literature for development of the entrepreneur
(a)SSIB (b)IIE (c)NPC (d)NABARD
42) The Main objectives are to ____small and medium enterprises in their respective states
(a) finance and promote (b)Develop (c)finance (d)promote
43) ________have tailor-made schemes for artisans and special target groups such as
44) ______helps in developing land providing developed plots together with facilities like
roads, power, water supply, drainage and other amenities.
(a)SFCS (b)KVIC (c)SIDC (d)NSIC
45) Which year UNIDO has recognized NISIET as an institute of meritorious performance
under its Centre of Excellence Scheme to extend aid?
(a)1984 (b)1887 (c)1989 (d)2000
46)Which is a Statutory body created by an act of Parliament?
(a)KVIC (b)SIDO (c)NSIC (d)NPC
47) Which is not a objective of EDI?
(a) The Augment supply of trainers motivators for entrepreneurship and development
(b)Participate in institutional
(c)Promote micro enterprise at rural level
(d) Promote Education
48) Which is regulates the cooperative banks and the RRB’s.?
(a)NABARD (b)SIDO (c)NSIC (d)NPC
49) Which is an apex advisory body constituted to render advice to the government on all
issues pertaining to the development of small-scale industries?
(a)SSIB (b)SIDO (c)NSIC (d)NPC
50) Which is an autonomous and not-for-profit Institute, set up in 1983, is sponsored by
apex financial institutions?
(a)NABARD (b)SIDO (c)EDI (d)NPC
UNIT - 3
1) ___________are those in which possible quantitative assessment of benefits can be made. (a) Quantifiable projects (b) non - Quantifiable projects (c) both a and b 2) ___________are those in which possible quantitative assessment of benefits is not possible. (a) Non-quantifiable projects (b) Quantifiable projects (c) both a and b 3) Sectoral Projects includes the following sections _____________
(a) Agriculture and allied (b) Irrigation and power (c) Industry and mining (d) all the above
4) The reason for anyone to think of establishing an SSI unit can be summarized in
single word called ___________.
(a) opportunity (b) entrepreneurship (c) planning (d) all the above
5) ___________ opportunities are those which enable the decision maker to better
utilize the existing resources without involving a change in the character of business.
12) After the entrepreneur has generated few ideas of project , project selection is
started by the help of a tool called ______________.
(a) SWOT analysis (b) market demands and trends
(c) formulation of investment risks (d) all the above.
13) For this market analysis the following information is required _________ (a) Past and present supply position (b) Production possibilities and constraints
(c) Imports and exports (d) all the above.
14) Financial analysis is necessary for the following aspects_________ (a) Cost structure (b) Production possibilities and constraints
(c) Administrative, technical and legal constraints (d) Project profitability
15) This is concerned with judging a project from the larger social point of view, where in the focus if on social costs and benefits of a project, which may often be different from its monitory costs and benefits. (a)Economic/Social Cost-benefit Analysis (b) Ecological Analysis
(c)Financial Analysis (d) Technical Analysis
16) _________ analysis should be done, particulars for project which have significant ecological implications like power plants and irrigation schemes and for environmental polluting industries like chemicals, leather processing. (a) Economic/Social Cost-benefit Analysis (b) Ecological Analysis
(c) Financial Analysis (d) Technical Analysis
17) _________ part of the project report will give the details of Bio-data of promoter, Industry profile, Constitution and organization, Product details. (a) Project Description (b) General Information
(c) Market Potential (d) Capital Costs and Sources of Finance
18) ___________is a brief description of the project covering the aspects about the Site
and Physical Infrastructure to be made in the project report.
(a) Project Description (b) General Information
(c) Market Potential (d) Capital Costs and Sources of Finance
19) While preparing a project report, the following aspects of Demand and supply position, Expected price, marketing strategy, after sales service relating to product should be stated in the report in the part of ______________. (a) Project Description (b) General Information
(c) Market Potential (d) Capital Costs and Sources of Finance
20)_______ is the final stage to be stated in the formulation of project report.
(a) Project Description (b) General Information
(c) Project Implementation (d) Capital Costs and Sources of Finance
21) Which one of the following reviews the trends and competitive strategies?
(a)Environmental analysis (b)Product forecast
(c)Contingency plan (d)Industry analysis
22) Which one of the following gives suggestions for new product and also help to
market new products?
(a)Existing products and services (b)Distribution channels
(c)Federal government (d)Consumers
23) Which one of the following is the primary cause of failure in small businesses?
(a)Poor financial control (b)Poor location
(c)Management mistakes (d)Improper inventory control
24) Which of the following options can be very helpful to start-up new ventures?
(a)Seed capital (b)Infrastructure (c)Technology (d)Experience
25) Which one of the following is the next stage to the concept stage of product
planning and development process?
(a)Idea stage (b)Product planning stage
(c)Product development stage (d)Test marketing stage
26) Which of the following two work environments should be good for spawning the
new enterprises?
(a)Finance and marketing (b)Finance and R&D
(c)Marketing and R&D (d)Marketing and IT
27) What is the process by which individuals pursue opportunities without regard to
resource they currently control?
(a)Startup management (b)Entrepreneurship
(c)Financial analysis (d)Feasibility planning
28) Which one of the following may need the business plan?
(a)Employees (b)Investors (c)Advisors (d)All the given options
29) Which of the following components of organizational vision and mission
statements tells how the organizational unit is responsive to societal, community, and
environmental issues?
(a)Customers (b)Markets (c)Self-concept (d) Concern for public image
30) Which of the following is NOT recognized as a major area that should be included
(a) Investment in fixed assets (b) Investment in current assets
(c) Investment in share (d) All the above
2) Investment in current assets are called as
(a) Capital budget (b) working capital decision
(c) dividend for share holder (d) Retained profit
3) Financial decision includes
(a) Raising of finance from various sources (b) Type of source & period
(c) Cost of finance & Returns (d) All the above
4) Dividend decision should be taken by
(a) Sharebroker (b) Shareholder
(c) Managing director (d) Finance Manager
5) Function of financial management is
(a)Estimation of capital requirement (b)determination of capital composition
(c)choice of source of shares. (d)all the above
6) For additional funds the company has to
(a)issue of shares and debut (b)loans to be taken from financial institution.
(c)public deposit to be drawn like bond (d)all the above
7) For estimating working capital we can use
(a)Percentage of sales method (b)Regressive analysis method
(c)operating cycle method (d)all the above
8) Cost and profit control done in
(a)Management of cash (b)disposal of surplus.
(c)investment of fund (d)Financial Control
9) Payment of wages and salaries is done on
(a)Management of cash (b)disposal of surplus.
(c)investment of fund (d)investment of fund
10) Dividend declaration is done in
(a)Management of cash (b)disposal of surplus.
(c)investment of fund (d)investment of fund
11) To maintain the team spirit and functions in every organisation is god of
(a) Manager (b) Financial Management
(c) Safety Management (d) HRD
12) The department of environment was established in India is
(a) 1970 (b) 1980 (c) 1990 (d) 1982
13)Department of environment because the minister of environment and forest in
(a) 1975 (b) 1985 (c) 1995 (d) 1980
14)Environment protection act was came into before in year of
(a) 1985 (b) 1995 (c) 1990 (d) 1986
15)Handling and management of hazardous waste came into force in the year
(a) 1985 (b) 1989 (c) 1995 (d)1980
16) The public liability insurance act amendment 1992 was came into for a
(a) 1989 (b) 1990 (c) 1991 (d)1992
17) The national environment Tribunal act was came into force
(a) 1995 (b) 1994 (c)1992 (d)1990
18) The national environmental appellate authority act came into force
(a) 1995 (b) 1997 (c) 1992 (d) 1999
19) The Biomedical waste (management and handling) rules
(a) 1995 (b) 1998 (c) 1997 (d)1999
20) The environment (siting for industrial projects) rules
(a) 1996 (b) 1999 (c) 1993 (d) 1980
21) The Municipal solid wastes (management and handling)
(a) 1998 (b) 2000 (c) 1997 (d) 1996
22) The Ozone depleting substances ( Regulation and control)
(a) 2002 (b) 2000 (c) 2004 (d) 2006
23) The batteries (Management and handling) rules
(a) 2002 (b) 2001 (c) 2004 (d) 2006
24) The noise pollution ( Regulation and control) Amendment
(a) 2000 (b) 2002 (c) 2004 (d) 2006
25) The Biological diversity act
(a) 2000 (b) 2002 (c) 2004 (d) 2006
26) Financial management deals with two things—managing a company's finances and: (a) operations management (b) inventory control (c) raising money (d) production management
27) In some point of purchase displays are not allowed in retail stores. Such differences are
studied by international entrepreneurs under _________ environment.
32)Which of the following reviews the trends and competitive strategies by industry to
nature?
(a) Environmental analysis (b)Technical analysis
(c) Industrial analysis (d) Product forecast
33) Which programs must respond to job changes and integrate the long term plans and
strategies of the organisation to ensure the efficient and effective use of resources.
(a) HRD (b) SSI (c) SBI (d) WHO
34) The core concept of HRS is
(a) Development of human beings (b) Development of animals
(c) Development of industry (d) Development of health.
35) Which are the not the goals of HRD?
(a) The capabilities of each employee as an individual
(b) The capabilities of each individual in relation to his or her present role
(c) Collaboration among different units of the organization
(d) Development of industry.
36) Which of the following factor is most important in forming a new business?
(a) Finance (b) Marketing (c) Government support (d) Family support
37) Which two work environments should be good for spawning the new enterprises? (a) Finance and marketing (b) Finance and R&D (c) Marketing and R&D (d)Marketing and IT
38) Investment decision includes investment in __________
(a) Fixed assets (b) Current assets (c) Investment in share (d) All the above
39) Which act came after 1986 into force soon after the Bhopal gas tragedy_______