1. The level at which an individual is viewed by society is called
Correct : C. Social status
2. External environment factor includes:
Correct : D. All the above
3. ________ factor is an essential factor of external environment analysis:
Correct : B. Competition
4. Which of the following is not the internal business environment?
Correct : D. Suppliers
5. The final step in entrepreneurship development process is:
Correct : C. Harvesting
6. While identifying the business opportunities the entrepreneur must include:
Correct : D. All the above
7. The most dynamic force, shaping entrepreneurs destiny is:
Correct : B. Technological factor
8. Internal environment factors includes:
Correct : D. All of the above
9. _____________ may be defined as an attractive project idea:
Correct : A. Business opportunity
10. To start an entrepreneurial activities, first process is to:
Correct : C. accumulate fund
11. Once the opportunity is identified, an entrepreneur needs to create a:
Correct : A. comprehensive business plan
12. Minimum rate of wages per day of skilled – II workers in Mizoram is Rs
Correct : B. 420
13. Mission of a business house should have holistic approach towards the:
Correct : D. society and the nation
14. Labourunionsgenerally collectively bargain with the management for:
Correct : D. all of the above
15. To maintain quality of the product and increase goodwill, a business house should plan
to recruit human resource by avoiding:
Correct : A. skilled labour
16. Political environment of a state can improve the entrepreneurial growth by stages of:
Correct : B. execution
17. Government checks restrictive trade practices through:
Correct : C. FEMA Act
18. A micro enterprise is an enterprise where investment in plant and machinery does not exceed ( according to MSME Act, 2006)
Correct : A. Rs. 15 lakhs
19. A medium enterprise, where the investment in plant and machinery is more than Rs. 5
crore but does not exceed
Correct : B. Rs. 15 crore
20. A small enterprise, where the investment in equipment is more than Rs. 10 lakhs but does not exceeds
Correct : A. Rs. 1 crore
21. An industry established before the commencement of MSME Act 2006 and having investment in plant and machinery of more than Rs. 1 crore but not exceeding 10 crore, was also required to file memorandum within
Correct : A. 60 days
22. Micro Units Development & Refinance Agency Limited (MUDRA) and Pradhan Mantri MUDRA Yonana (PMMY) was launched on
Correct : D. 8th April, 2015
23. In order to give a boost to the lending under PMMY, especially for Shisshu category loans, a credit campaign was carried out from
Correct : B. 1st October to 2nd November 2016
24. The sale and responsibilities of NUDRA is declared on
Correct : C. 3r dMarch, 2015
25. Under the Shishu category, smaller loan amount is sanction upto
Correct : C. Rs. 50,000
26. Small scale industries (SSIs) also known as MSMEs are defined & categorized by the Micro, Small & Medium Enterprises Development Act
Correct : C. 2008
27. Name the institution which was set up in 1982 to promote integrated rural development
Correct : D. NCEUS
28. Name the institution which is set up as an apex bank to provide direct or indirect financial assistance under different scheme.
Correct : B. NSIC
29. Investment in equipments service sector in Micro scale industry should be
Correct : B. 10Lacs – 2 Crores
30. MUDRA has already created the following products / schemes
Correct : A. Shishu
31. Investment in equipments service sector in Small scale industry should be
Correct : C. 2 Crores – 5 Crores
32. MUDRA Bank was launched on
Correct : A. 8 April 2000
33. Investment in equipments service sector in Medium scale industry should be
Correct : C. 2 Crores – 5 Crores
34. For establishment of a new unit, an entrepreneur is required to obtain:
Correct : B. Permanent registration
35. As per the MSMED Act, 2006, micro enterprise (manufacturing) is the enterprise whose investment is equipment does not exceed.
Correct : B. Rs. 15 lakhs
36. MUDRA bank was established on
Correct : A. 9thMay, 2015
37. An entrepreneur is not required to obtain license under the Industries development and Regulation Act, if his assets less than:
Correct : A. Rs. 5 lakhs
38. In venture capital, there is
Correct : A. High risk
39. For establishing new and risky business units in India, Venture Capital is
Correct : A. Unnecessary
40. MUDRA has been set up by whom?
Correct : A. Government of India
41. MUDRA scheme is applicable to which type of MSE businesses under income generation purpose
Correct : D. None of the above
42. For establishment of a new unit, an entrepreneur is required to obtain:
Correct : C. Permanent registration
43. Under new licensing policy for establishing small scale unit, licensing is:
Correct : D. Exempted
44. The Micro, Small and Medium Enterprises Development Act (MSMED) Act was enacted on:
Correct : A. June 16, 2006
45. Investment in plant & machinery of the Micro enterprises in manufacturing enterprises is:
Correct : B. Upto Rs 20 lakhs
46. Loans given by commercial banks is:
Correct : C. Medium term
47. Venture capital is a source of investment for:
Correct : B. Developing companies
48. MURDA Bank was set up for „funding the unfunded‟:
Correct : B. Medium enterprises
49. MURDA is set up to refinance and support financial institutions like:
Correct : D. All of the above
50. Venture Capital investment is also referred to
Correct : C. Both (a) and (b)
51. Venture Capital is the money provided by an outside investor to finance
Correct : D. All of the above
52. Methods of Venture Capital financing includes
Correct : A. Equity
53. The full form of MSME is
Correct : B. Micro, small and Medium Enterprise
54. The Manufacturing Enterprise are defined in terms of
Correct : C. investment in Plant & Machinery.
55. In investment in plant and machinery , Small Scale Enterprise
Correct : B. Must be between 25 lakhs rupees but does not exceed 5 crore rupees