1. . describes the direction, the enterprise is going in, what its goals are, where it wants to be,and how it is
Correct : A. project report
2. A business arrangement where one party allows another party to use a business Name and sell its products or services is known
Correct : B. A franchise
3. Innovation can best be defined as_______.
Correct : A. the generation of new ideas.
4. Which of these statements best describes the context for entrepreneurship?
Correct : C. Entrepreneurship takes place in a wide variety of contexts.
5. Entrepreneurship can best be described as _________.
Correct : D. a process involving innovation, new products or services, and value creation.
6. Entrepreneurial development is the key to achieve all-round ---------------- through acceleration of industrial and entrepreneurial activities.
Correct : A. economic development
7. According to sociological approach, entrepreneurship
Correct : B. Process of role performance
8. Which of the following attitudes Is not generally associated with successful
entrepreneurship :
Correct : D. Status quo in business
9. The function of entrepreneur are:
Correct : D. All the above
10. Which of the following sentence is not a characteristic of entrepreneurship:
Correct : D. Managerial training
11. An entrepreneur is:
Correct : D. All of these
12. Which of the following sentence is inconsistent in the context of entrepreneur:
Correct : C. He operates production activities
13. Maslow’s Hierarchy of needs theory is governed by the fact that:
Correct : C. People are politically motivated by needs
14. In under developed countries, local mobile phone companies use the same technology used by big companies to manufacture their products. Which of the following type of Entrepreneurs is highlighted above:
Correct : B. Imitative Entrepreneurs
15. All but which of the following is considered to be a myth associated with entrepreneurship?
Correct : D. Successful entrepreneurs must have a break-through invention
16. Entrepreneurial culture and growth orientation consists of all of the following except:
Correct : C. The desire to grow at a slow and controlled pace.
17. Intrapreneurship often takes the form of
Correct : A. A semi-autonomous group (e.g. an internal venture team), operating within the overarching structure of the parent organization.
18. A ______________ is a professional money manager who makes risk investment from a
pool of equity capital to obtain a high rate of return on investments.
Correct : A. venture capitalist
19. A business plan is important for all of the following reasons EXCEPT:
Correct : B. a business plan provides lenders and investors assurance that they will earn a decent return.
20. A new venture's business plan is important because ______.
Correct : C. Provides a guide for business activities by defining objectives.
21. To provide financial assistance to entrepreneurs the government has set up a number of___________.
Correct : D. financial institutions.
22. _____________ can be defined as a specifically evolved work plan densed to achieve a Specific objective within a specific period of time
Correct : C. Project.
23. _____________ is used to accomplish the project economically in the minimum available
time with limited resources
Correct : A. Project Scheduling.
24. ______________ is a form of financing especially for funding high technology, high risk
and Perceived high reward projects
Correct : D. Venture capital.
25. _____ is a favorable set of circumstances that creates a need for a new product, service, or
business.
Correct : D. An opportunity
26. Each of the following are ways to identify an opportunity EXCEPT:
Correct : C. trying out alternative uses of existing products.
27. Entrepreneurs can recognize problems and find ways to solve them through each of the following EXCEPT:
Correct : B. identifying a currently available product or service and then building a business around a better version.
28. All of the following are characteristics shared by those who excel at recognizing
opportunities EXCEPT:
Correct : A. brainstorming.
29. All of the following are suitable questions to ascertain Product/Service Desirability
EXCEPT:
Correct : B. Is the product or service financially feasible?
30. All of the following are characteristics of attractive industries EXCEPT:
Correct : C. the industry is crowd
31. _____ is conducted to determine whether a proposed business has sufficient management expertise, organizational competence, and resources to successfully launch its business.
Correct : D. Organizational feasibility analysis
32. Why is the executive summary perhaps the most important section of the business plan?
Correct : C. If this section of the plan fails to attract an investor's interest, he or she is unlikely to read the remainder of the plan.
33. Which of the following might be termed a disadvantage faced by the small business?
Correct : B. Greater ability to serve specialized markets
34. The financial assistance to small business provided by the Small Business Administration takes the form of:
Correct : D. assistance in filling out paperwork
35. Key features of a well written business plan would include all of the following except:
Correct : B. qualifications of the owner
36. EDPs course contents contain ___________.
Correct : D. All the above
37. MSME is defined under which act?
Correct : A. MSMED Act 2006
38. MSMEs are important for the Nation's Economy because they significantly contribute to
Correct : D. All of the above
39. Investment Limit of a Micro Enterprise under manufacturing sector does not exceed
_____lakhs.
Correct : C. 25
40. The manufacturing enterprises are defined in terms of investment in ___________.
Correct : C. Plant & machinery
41. Which of the following is not considered while selecting the region?
Correct : B. Price of land
42. Which one of the following is the step involved in setting up a new enterprises?
Correct : D. Setting up infrastructure
43. Which of the following is the key factor for choosing the type of financing?
Correct : D. All of the given options
44. Following is not involved in EDP
Correct : D. Arranging infrastructural facilities
45. The distinction between an "entrepreneur" and "small business owner" , if made, revolves
around:
Correct : B. the Small Business Administration definitions
46. Which of the following is not a main element of the project management process?
Correct : D. Systems design.
47. SBA stands for:
Correct : B. Small business administration
48. EDPs course contents contains ___________.
Correct : D. All the above
49. EDII was developed by the
Correct : C. All India Financial Institutions
50. NIESBUD was established in
Correct : B. 1983
51. ________ is the first development bank of the country.
Correct : D. IFCI
52. State Industrial corporations engage in the development of__________.
Correct : A. industrial estates.
53. SIDBI was set up as a subsidiary of_________.
Correct : A. IDBI.
54. Which of the following is a function of SIDBI?
Correct : D. All of the above
55. A provisional SSI registration certificate is valid for a period of __________.
Correct : D. one year.
56. DGTD stands for __________.
Correct : A. Directorate General of Technical Development.
57. National Alliance of Young Entrepreneurs (NAYE) Sponsored an Entrepreneurial Development scheme with Bank of India in______________.
Correct : D. August 1972.
58. The application for registration of a small scale unit should be submitted to the _______ .
Correct : A. General manager, DIC.
59. District Industries Centres are located ____________.
Correct : A. in each district.
60. The purpose of soft loan scheme is to encourage units to undertake ___________.
Correct : D. all the above
61. EXIM bank is a __________.
Correct : C. All India institution.
62. DIC is headed by General Manager in the rank of ___________.
Correct : A. Joint Director of industries.
63. Under Net Terminal Value Method, reject a project if it’s NTV is………………..