Entepreneurship Management Online Assignment Set 2

QN1. Which of the following is not an essential characteristic for entrepreneurs?

a) Must be innovative

b) Must have a business family background+

c) Must be goal oriented

d) Must have good interpersonal skills

Answer

Ans:

b) Must have a business family background

QN2. What is true for a small scale unit

a) maximum investment in plant and machinery must be 1 crore

b) maximum investment in plant and machinery must be 50 lakhs

c) maximum investment in plant and machinery must be 75 lakhs

d) maximum investment in plant and machinery must be 60 lakhs+

Answer

Ans:

d) maximum investment in plant and machinery must be 60 lakhs

QN3. which of the following combination can not be called product line

a) biscuits, bread, cheese, chips

b) soaps, detergents, shampoo, liquid soap

c) fairness cream, lipsticks, nail polish, moisturizers

d) paint, toothpaste, pens, wire+

Answer

Ans:

d) paint, toothpaste, pens, wire

QN4. Which of the following is not an item of variable cost?

a) lease rent of the factory+

b) cost of raw material

c) income tax

d) sales expenses

Answer

Ans:

a) lease rent of the factory

QN5. Which of the following is not a function of EXIM BANK?

a) assistance to Indian exporters

b) assistance to overseas buyers

c) advisory services

d) promotion of FDI’s+

Answer

Ans:

d) promotion of FDI’s

QN6. Which of the following is false regarding WTO?

a) the WTO advocates free trade at any cost+

b) provide consultancy services to member countries

c) Settlement of trade disputes

d) All above are true

Answer

Ans:

a) the WTO advocates free trade at any cost

QN7. SIDBI is a

a) commercial bank

b) developmental bank for small scale business+

c) mutual fund

d) regulatory authority

Answer

Ans:

b) developmental bank for small scale business

QN8. EMT stands for

a) Enterprise management training+

b) Entrepreneurs managerial training

c) Entrepreneurs motivation training

d) Entrepreneurs management techniques

Answer

Ans:

a) Enterprise management training

QN9. In case of SWOT analysis ‘T’ stands for

a) tension

b) temperature

c) technique

d) threat+

Answer

Ans:

d) threat

QN10. Which of the following is not a function of SSIDC?

a) arranges imported raw material

b) provide credit facility for raw material suppliers

c) arrange marketing assistance

d) all of the above are the function of SSIDC+

Answer

Ans:

d) all of the above are the function of SSIDC

QN11. If price per unit is Rs. 500, fixed cost Rs. 25,000 and variable cost per unit is Rs. 250, then BEP is

a) 100+

b) 110

c) 150

d) 200

Answer

Ans:

a) 100

QN12. Which of the following is true regarding entrepreneurs?

a) only rich people can become entrepreneur

b) entrepreneurs have risk bearing capacity+

c) entrepreneurs exploit the labours

d) best entrepreneurs are found in Gujrat only

Answer

Ans:

b) entrepreneurs have risk bearing capacity

QN13. DIC is

a) District investment council

b) District inspection council+

c) Divisional investment council

d) Divisional inspection council

Answer

Ans:

b) District inspection council

QN14. Which of the following is a function of SIDBI?

a) refinancing

b) bills discounting

c) direct assistance

d) all of above+

Answer

Ans:

d) all of above

QN15. Which of the following is a feature of monopolistic competition?

a) few buyers and few sellers with product differentiation

b) few sellers and large buyers with product differentiation

c) large no of sellers without product differentiation

d) large no of sellers with product differentiation+

Answer

Ans:

d) large no of sellers with product differentiation

QN16. Cost of production is equal to

a) direct material + direct labour+direct expense

b) direct labour + direct material + direct expenses + factory overheads

c) direct labour + direct material + direct expenses + factory overheads + administrative overheads

d) direct labour + direct material + direct expenses + factory overheads + administrative overheads + selling overheads+

Answer

Ans:

d) direct labour + direct material + direct expenses + factory overheads + administrative overheads + selling overheads

QN17. Which of the following is not included in ‘nine Ms’ of production management?

a) Money

b) Material

c) Measurement

d) Minutes +

Answer

Ans:

d) Minutes

QN18. ECGC is

a) export council for garments companies

b) export credit guarantee corporation+

c) electronic clearing guarantee corporation

d) electronic corporation for garment companies

Answer

Ans:

b) export credit guarantee corporation

QN19. Which of the following institution was not promoted or small scale business

a) SIDBI

b) SCICI+

c) SIDC

d) NSIC

Answer

Ans:

b) SCICI

QN20. Which of the following is not an element of promotion mix?

a) personal selling

b) advertising

c) sales promotion

d) none of the above+

Answer

Ans:

d) none of the above

QN21. Which of the following is problem for growth women entrepreneurs in India

a) socio culture norms of society

b) inadequate vocational and technical training

c) lack of initiatives by government

d) all of the above +

Answer

Ans:

d) all of the above

QN22. Which of the following is not a type of EDP?

a) Entrepreneurship awareness training programme

b) Entrepreneurship development training programmes

c) Product oriented entrepreneurship development training programme

d) All of above are type of EDP’s+

Answer

Ans:

d) All of above are type of EDP’s

QN23. Thematic Appreciation Test (TAT) is conducted

a) to know the process of influencing others

b) to remove the barriers of creative thinking

c) to determine the existence and level of achievement motivation among the participants

d) to help trainees to familiarize themselves with each other+

Answer

Ans:

d) to help trainees to familiarize themselves with each other

QN24. Which of the following is true?

a) entrepreneurship is a monopoly of certain community

b) entrepreneurs are born

c) women entrepreneurs is a separate category and needs a special treatment+

d) all above are false

Answer

Ans:

c) women entrepreneurs is a separate category and needs a special treatment

QN25. Achievement motivation is represented by

a) an urge to excel

b) desire to achieve success in competition with self

c) desire to achieve success in competition with others

d) all of the above+

Answer

Ans:

d) all of the above

QN26. Tiny industries are

a) industries with maximum investment of Rs 50 lakhs

b) industries with maximum investment of Rs 5

c) industries with maximum investment of Rs 15 lakhs

d) industries with maximum investment of Rs 20 lakhs +

Answer

Ans:

d) industries with maximum investment of Rs 20 lakhs

QN27. SSI registration is given by

a) NSIC

b) Registrar of companies

c) DIC+

d) CED

Answer

Ans:

c) DIC

QN28. Which of the following is not a function of HR department

a) Selection

b) Budgeting+

c) Training

d) Labour welfare

Answer

Ans:

b) Budgeting

QN29. Under the provision of Indian bonus act, 1965, the minimum rate of bonus for employees earning less than Rs 2500 per month is

a) 10.45%

b) 12.75%

c) 8.33%+

d) 7.5 %

Answer

Ans:

c) 8.33%

QN30. Net worth of the firm is

a) total assets + total liabilities

b) market value of total assets

c) Capital + reserves

d) None of the above+

Answer

Ans:

d) None of the above

QN31. Which of the following is a paid form of promotion

a) advertising+

b) publicity

c) promotional offers

d) personal selling

Answer

Ans:

a) advertising

QN32. Which of the following is an item of nominal account

a) building account

b) bank account

c) salary account+

d) creditor’s account

Answer

Ans:

c) salary account

QN33. Which of the following is not a part of EMT

a) know yourself stage

b) knowing the destination stage+

c) Empowerment stage

d) Knowing the competitor

Answer

Ans:

b) knowing the destination stage

QN34. Which of the following a not a direct tax

a) Income tax

b) Wealth tax

c) Trade tax

d) Custom duty +

Answer

Ans:

d) Custom duty

QN35. Which of the following can be a source of opportunity identification for entrepreneurs

a) trade fairs

b) conferences

c) Exhibitions

d) All of the above +

Answer

Ans:

d) All of the above

QN36. DIC function under

a) ministry of finance+

b) ministry of commerce

c) directorate of industries

d) directorate of business

Answer

Ans:

a) ministry of finance

QN37. which of the following provides training to entrepreneurs

a) IDC

b) SISI

c) NSIC

d) SIDBI+

Answer

Ans:

d) SIDBI

QN38. which of the following is not an item of cash flow

a) loan

b) dividend+

c) depreciation

d) investment

Answer

Ans:

b) dividend

QN39. which of the following is not a part of desk research

a) published data of companies

b) published data of government

c) annual reports

d) personal interviews+

Answer

Ans:

d) personal interviews

QN40. which of the following ratio is an efficiency ratio

a) Inventory turnover ratio+

b) Quick ratio

c) Net profit margin ratio

d) Debt equity ratio

Answer

Ans:

a) Inventory turnover ratio

Objective Set – 2

QN1. Small-scale industries can be classified into types.

A. 7 main

B. 5 main

C. 4 main

D. 3 main+

Answer

Ans:

D. 3 main