1)
An
entrepreneur must…………………: a strong believer in his strengths and weakness:
a.
Idea
b.
Self confidence
c.
Attitude
d.
All of
the above
Ans:
Self confidence
2)
………………………….environment in a country exercises a significant
impact on the emergence of entrepreneurship.
a. social
b. economic
c. geographical
d. all of the above
Ans: All of the above
3)
The entrepreneur was distinguished from capital provider in ………….Century.
a.
18th
b.
19
c.
20
d.
21
Ans: 18th
4)
…………..shows the process of creating something new.
a.
Entrepreneur
b.
Innovation
c.
Intrapreneur
d.
creativity
Ans:
Innovation
5)
“What
the entrepreneur hopes to accomplish” – includes in the :……………….
a.
Mission
statement
b.
Vision
c.
Objectives
d.
strategy
Ans: Mission statement
6)
The
levels at which an individual is viewed by society is called ……………………
a.
Economic
status
b.
Political
status
c.
Social
status
d.
None of
these
Ans:
Social status
7)
…………………gives suggestions for new product and also help to
market new product.
a.
Sales manager
b.
Finance manager
c.
Operation manager
d.
Distribution channel
Ans: Distribution channel
8)
An ……………….must should Innovative, Hard Working, very alert
for new opportunities etc.
a.
Entrepreneur
b.
Leader
c.
Inspector
d.
labour
Ans: Entrepreneur
9)
………………is
the life blood of any economy.
a.
Teacher
b.
Entrepreneurship
c.
President
d.
Sales manager
Ans: Entrepreneurship
10)
Individuals influencing an entrepreneur’s career choice and
style are known as …………………
a.
Leader
b.
Role model
c.
Intrepreneur
d.
Manager
Ans: Role model
11)
……………….. follows the saying “try
& try again you will succeed at last”
a.
Persistence
b.
Innovator
c.
Aggressive
d.
All of the above
Ans: Persistence
12)
Full form of IPO
a.
Internal public offering
b.
Inside public offering
c.
Idea public offering
d.
Initial public offering
Ans: Initial public offering
13)
An entrepreneur bears …………..of the business
a.
Lower risk
b.
Medium risk
c.
Full risk
d.
All of the above
Ans: Full risk
14)
An intrapreneurs are ……………..on the owners/Partners of the corporation.
a.
Semi dependent
b.
Full dependent
c.
No dependent
d.
All of the above
Ans: Semi dependent
15)
Feasibility study includes
a.
Marketing
b.
Technical
c.
Economical
d.
a, b and c
Ans: a, b and c
16)
…………………..is the process by which
other new ventures are born within the confines of an existing corporation.
a.
Entrepreneurship
b.
Leader
c.
Intrapreneurship
d.
owner
Ans: Intrapreneruship
17)
An entrepreneurs who personally surprises the work to ensure
that the work is accomplished according to the standard set forth is: …………………..
a.
Efficient Monitoring
b.
Ignorance
c.
Auto creative
d.
None of these
Ans: Efficient Monitoring
18)
……………..mobility of entrepreneurs represents the drive and
initiative to move to other places
in search of better opportunities.
a.
Area
b.
Educational
c.
Locational
d.
B and c both
Ans: Locational
19) Heavily involved in family problems is one
of the problem of ……………….
a.
Male entrepreneur
b.
Woman entrepreneur
c.
Both a
and b
d.
None of
these
Ans: Women entrepreneur
20)
An ………………….neither raises the capital nor guarantees any
returns to the supplies of capital.
a.Entrepreneur
b.Leader
c.Intrapreneur
d.owner
Ans: Intreprenur
21) ………..is the share of Small scale industries, in total number of
industrial units in the country.
a.
85%
b.
90%
c.
95%
d.
80%
Ans: 95%
22) ………..is the largest manufactures of jute in
the world.
a.
India
b.
Pakistan
c.
USA
d.
canada
Ans: India
23)
Indian Institute of Entrepreneurship (IIE) is located at ………….
a.
Delhi
b.
Mumbai
c.
Shimla
d.
Guwahati
Ans: Guwahati
24) The full
form of SFURTI = …………………………………..
a. Scheme of
fund for registration of traditional industries
b.Scheme of
fund for registration of trading industries
c. Scheme of
fund for registration of traditional investment
d. Scheme of
fund for registration of trading investment
Ans: Scheme of fund
registration of traditional industries
25) Hindustan Machine Tools is the most
important company in machine tools in
(a)
True
(b)
False
Ans: True
26)
The full form of NABARD = ……………………………….
a.
National bank for Agricultural and Regional Development
b.National bank for Agricultural
and Rural Development
c.
New bank for Agricultural and Rural Development
d.
New bank for Agricultural and Regional Development
Ans: National bank for
Agricultural and Rural Development
27) For Drugs and pharmaceuticals industries,
licensing compulsory.
a)True
b)False
Ans: True
28) Small scale industries can provide more
jobs at local level.
a)True
b)
False
Ans:
True
29) Export Oriented Unit (EOU) is an example of
Traditional Industry.
a)True
b)
False
Ans: False
30) Cottage industry is an example of
Traditional Industry.
a) True
b)
False
Ans:
True
31) Venture capital firms reduce risk by investing in only a few companies which
can be carefully monitored and nurtured.:
a) True
b) False
Ans: False
32) Investors in venture capital firms expect
to profit quickly from their investment:
a) True
b)
False
Ans:
False
33) Venture capital firms reduce risk by investing in only a few companies which
can be carefully monitored and nurtured.
a) True
b)
False
Ans: False
34) Finance
companies charge higher interest rates than do commercial banks.
a) True
b)
False
Ans: True
35) Interest-rate
risk is a more serious problem for finance companies than for banks.
a) True
b)
False
Ans: False
36) Finance
companies gained a reputation for being more innovative than banks at finding ways to finance small businesses.
a) True
b)
False
Ans: True
37) Finance
companies offered loans secured by accounts receivable before commercial banks did.
a) True
b)
False
Ans: True
38) Because
finance companies are virtually unregulated, they charge lower interest rates than do commercial banks.
a) True
b)
False
Ans:
False
39) Venture
capital is concerned with new project having potential for higher profit.
a) True
b)
False
Ans:
True
40) A women entrepreneur is supposed to have a
minimum financial interest of 25% in share capital of entrepreneur’s enterprise.
a) True
b)
False
Ans: False
41) Lack of confidence is one of the barrier
faced by women entrepreneur.
a) True
b)
False
Ans: True
42) SIDBI provide services like factoring,
leasing etc. to small units.
a) True
b)
False
Ans:
True
43
Investors
in venture capital firms expect to profit quickly from their investment.
a) True
b) False
Ans: False
44
Entrepreneurial management is noted for its ability to react quickly and
effectively to new ___________.
a.
Market
b.
Business opportunities
c.
Product
d.
Technology
Ans: Business Opportunities
45 Which of the following is the back bone of financial plan?
a)
Budgeting.
b)
Capital.
c)
Nature of business.
d)
Cost of production.
Ans: Capital
46 Female entrepreneur differs from male entrepreneur in terms of
the following except ____________.
a)
Motivation
b)
Business skill.
c)
Departure point
d)
Goal orientation
Ans: Motivation
47 An individual who has prior business ownership
experienceentrepreneurs.
a.
Habitual
b.
Novice
c.
Serial
d.
Portfolio
Ans: Habitual
48) Entrepreneurial behaviours includes:
a)
Solving problems
b)
Taking initiatives
c)Taking responsibility
d)
All of above
Ans: All of above
49) Entrepreneurs attributes includes:
a)
Preservence
b)
Hard working
c)
Determination
d)
All of above
Ans: All of above
50
Entrepreneurs
skills includes:
a)Creative problem solving
b) Persuading
c)
Negotiation
d) All of above
Ans: All of above
51.
The term “entrepreneurs” was applied to business initially by
the French economist in the 18th
century:
a) Cantillon
b) Jan Tinbergen
c)
J.S.Mill
d)
None
of above
Ans: Cantillon
52 Which business function do experts agree, you should focus
on first when preparing to start a business.
a)
Financing
b) Marketing vision
c)
Operation
d)
None
of above
Ans:
Marketing vision
53
Which
of the following is not something that can be
invested:
a)
Energy
b) Experties
c)
Money
d)
Time
Ans: Experties
54
rom
the following which one is factor affecting entrepreneurial growth:
a)
Social
b)
Economic
c)
Psychological
d)
All of above
Ans: All of above
55
What
is the need of entrepreneurship:
a)
For
new innovation
b)
To
fill gap in growth
c)
For
healthy competition
d)
All of above
Ans: To fill gap in Growth
56
Which one of the following is the process of entrepreneur
developing new products that over
time make current products obsolete?
a) New business model
b)
Anatomization
c) Creative
Destruction
d)
None
of above
Ans: Creative Destruction
57
The
level at which an individual is viewed by society is called:
a)
Financial status
b)
Qualification
c) Social Status
d)
Achievement
Ans: Social Status
58
From the following which one is not classification of
entrepreneurs according to the types
of business:
a)
Wholesale trade
b)
Retail trade
c)
Exporter
d)
Rural entrepreneur
Ans: Rural entrepreneur
59
From the following which one is the classification of
entrepreneurs according to gender
and age.
a)Men entrepreneurs
b)
Women entrepreneurs
c)Young entrepreneurs
d)
All of above
Ans: All of above
60
Basic
problems of women entrepreneurs in
a)Lack of education skill
b)
Male
dominating society
c)Absence of listen bearing capacity
d)
All of
the above
Ans:
All of the above
61
From
the following, types of entrepreneur are:
a)Innovating entrepreneur
b)
Initiative entrepreneur
c)Drone entrepreneur
d) All of above
Ans: All of the above
62
Which
one is not the barriers of Enterpreneurship:
a)
Lack
of technical skills
b)
Political instability
c) Technical knowledge
d)
Time
pressure and distractions
Ans: Technical Knowledge
63
The
key factor influencing the mobility of entrepreneurs are:
a)Resources
b)
Experience
and Education
c)Language and culture
d)
All of above
Ans: All of above
64
It’s an institution to set up a network of technical
consultancy organizations in the country.
a)TCO
b)
ITC
c)EGB
d)
None
of above
Ans: TCO
65 An Entrepreneurs refers to :
a)
Initiator
b)
Motivator
c)
Visualizer
d) All of above
Ans: All of above
66. Which of the
following factor influence entrepreneurship:
a)Technical Knowledge
b)
Entrepreneurial training
c)Local manpower
d) All of above
Ans: All of above
67
rom
the following which ones is the quality of Entrepreneur:
a)Initiator
b)
Information Seeker
c)Motivator
d) All of above
Ans: All of above
68
Small scale industries (SSIs) also known as MSMEs are defined
& categorized by the Micro, Small & Medium Enterprises Development Act
(a) 2006
(b) 2007
(c) 2008
(d) 2009
Ans: 20006
69
Who is the present Minister of Micro, Small and Medium
Enterprises ?
a)
Karan Singh
b)
Girirajsingh
(c) Virbhadra Singh
(d) Abhishek Singh
Ans: Karan Singh
70
Name
the institution which was set up in 1982 to promote integrated rural development
a)
NSIC
b)
NABARD
c)
SIDBI
d)
NCEUS
Ans: NABARD
71
Name the institution which is set up as an apex bank to
provide direct or indirect financial
assistance under different scheme.
(a) SIDBI
(b) NSIC
(c) RSBDC
(d) None of the above
Ans: SIDBI
72
Investment
in equipments service sector in Micro scale industry should be
a)
Up to 10 Lacs
b)
(b)
10Lacs – 2 Crores
(c) 2 Crores – 5 Crores
(d) None of the above
Ans: Up to 10 Lacs
73
Investment
in equipments service sector in small scale industry should be
a)
Up to
10 Lacs
b)
10Lacs
– 2 Crores
(c) 2 Crores – 5 Crores
(d) None of the above
Ans: 10 Lacks – 2 Crores
74
Investment
in equipments service sector in Medium scale industry should be
a)Up to 10 Lacs
b)
10Lacs
– 2 Crores
(c) 2 Crores – 5 Crores
(d) None of the above
Ans: 2 crores – 5 crores
75
Investment in plant and machinery/ equipment (excluding land and building).w.r.t.
Manufacturing sector in Micro industry should
be
a)
Up to 25 Lacs
b)
25Lacs
– 5 Crores
(c) 5 Crores – 10 Crores
(d) None of the above
Ans: Up to 25 Lacks
76
Investment in plant and machinery/ equipment (excluding land and building).w.r.t.
Manufacturing sector in Small industry should be
a)
Up to
25 Lacs
b)
25Lacs
– 5 Crores
(c) 5 Crores – 10 Crores
(d) None of the above
Ans: Up to 25 Lacks
77
Investment in plant and machinery/ equipment (excluding land and building).w.r.t.
Manufacturing sector in Medium industry should
be
a)
Up to 25 Lacs
b)
25Lacs
– 5 Crores
(c) 5 Crores – 10 Crores
(d) None of the above
Ans: 5 Crores – 10 crores
78
A is a specialized firm
that finances young, start up companies
a) Venture capital firm
b)
Finance company
c)
Small
business finance co.
d)
Capital
creation co.
Ans: Venture
capital Firm
79
Venture
capital firms are usually organized as
a)
Corporation
b)
Non-profit organisation
c)
Closed-
end mutual funds
d) Limited partnership
80
Which
of the following is a characteristics of Venture capital firms
a) Developing
portfolio of companies
b)
Allowing
firm to use the funds as they see fit
c)
Having
a short term investment horizon
d)
Holding
Debts in the firm that are funded
Ans: Developing portfolio of companies
81
The
source of venture capital funding has
a)shifted from
wealthy individuals to pension funds and corporations.
b)
shifted
from pension funds and corporations to wealthy
individuals.
c)decreased since 1990.
d)
none
of the above.
Ans: Shifted from wealth individuals to pension funds
and corporations
82
Which
of the following is not a characteristic feature of venture capital firms?
a) Funding just
one or a small number of firms.
b)
Holding
equity in the firms that are funded.
c)
Having
a long-term investment horizon.
d)
Providing
advice and assistance to the firms that are
funded.
Ans:
Funding just one or a small number of firms
83
The largest industry group receiving
venture capital funding is
a)
computer software.
b)
medical/health.
c)
computer hardware.
d) none of the above.
Ans:None of the above
84
Name
the institution which is set up as an apex bank to provide direct/indirect
financial assistance under different schemes and also coordinates the functions
of other institutions in similar activities
a)SIDBI
b)
NSIC
c)RSBDC
d)
None
Ans: SIDBI
85
If the investment in fixed assets or
plant and machinery does not exceed one crore
rupees, then that particular firm come s under the category of
a)
Tiny industry
b) Small scale industry
c)
Village industry
d)
Cottage: industry
Ans: Small scale industry
86
Name
the institution which was set up in 1982 to promote integrated rural development.
a)
NSIC
b) NABARD
c)
SIDBI
d)
NCEUS
Ans: NABARD
87
Finance companies
a)
are
money market intermediaries.
b)
borrow
in large amounts, but lend in small amounts.
c)
are
virtually unregulated.
d) all of the above.
Ans: All of the above
88 ______________ 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) Development of a new product
Ans: Development of a new product
89 The resistance of employees in
an organization against flexibility, growth, and diversification can be
overcome by developing_____________.
a) Entrepreneurship
b) Managerial domain
c) Intrapreneurship
d) Administrative domain
Ans: Intrapreneurship
90 Which one of the following is an advantage of the small firm in the
innovation process?
a) Ability of the entrepreneur to carry out
multiple tasks
b) Ability to raise finance
c) Ability to carry out R&D
d) Ability of the entrepreneur to act on new
ideas or product development
Ans: Ability of the entrepreneur to act on new idea or product development
91 The goals should be ____________
for the success of business plan.
a) Generalized
b) Specific
c) Limitless
d) Imaginary
Ans: Specific
92 _________________ gives
suggestions for new product and also help to market new products.
a)Existing products and services
b)
Consumers
c)Federal government
d)
Distribution
channels
Ans: Distribution channels
93 LMM stands for:
a)Local Marble Market
b)
Locally
Manufactured Marble
c)Locally Manufactured Machinery
d)
Local
Meat Market
Ans: Local Marble Market
94 The term Entrepreneur is derived from
the word
a.
English
b.
Tamil
c.
Hindi
d.
French
Ans:
French
95 The term intrapreneur is coined in
________________.
a)
b)
Andaman
c)
d)
Antartica
Ans:America
96 Who said the term "Successful innovators are not risk
takers"?
a)
Adam Smith
b)
J.B.Say
c)
Drucker
d)
Alfred Marshall
Ans: Drucker
97 .________________ type of entrepreneurs are particularly
important for underdeveloped countries because they contribute significantly to
the development of such nations.
a)
Innovative
b)
Adoptive
c)
Fabian
d) Drone
Ans: Adoptive
98. .______________ type of entrepreneurs are very cautious and
skeptical while practising any change.
a)Innovative
b)
Imitative
c)Fabian
d)
Drone
Ans: Fabian
99 In small scale sector ______________ are dominant.
a.
Institutional entrepreneurs
b)
Entrepreneurs by inheritance
c)
Technologist entrepreneurs
d)
Forced entrepreneurs
Ans: Institutional entrepreneurs
100 Which one among the following is considered as one of the
important economic factor which determine entrepreneurial growth?
a)
Government
b)
Politics
c)
Market
d)
Private
Ans: Market
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