QN1. Small-scale industries can be classified into types.
A. 7 main
B. 5 main
C. 4 main
D. 3 main+
Ans: D. 3 mainAnswer
QN2. IPR stands for
A. Indian production resolution
B. None of the above+
C. Indian production revolution
D. Industrial Policy Resolution
Ans: B. None of the aboveAnswer
QN3. an important problem faced by small-scale industries in the country.
A. Problem of raw material
B. Problem of Marketing
C. Problem of Finance+
D. Problem of under utilization
Ans: C. Problem of FinanceAnswer
QN4. is the process of identifying opportunities for new business ventures
A. Project identification+
B. Arranging term finance
C. Selection of the product
D. Recruitment of staff
Ans: A. Project identificationAnswer
QN5. The systematic development of a project idea for the eventual purpose of arriving at an investment decision is termed as
A. Project Feasibility+
B. Project Profiles
C. Project Formulation
D. Project Process
Ans: A. Project FeasibilityAnswer
QN6. is the method, a sample market is surveyed before the new product is offered for sale.
A. Sales experience method
B. Sample survey+
C. Vicarious method
D. Complete enumeration survey
Ans: B. Sample surveyAnswer
QN7. “As those that do not change with increase or decrease in production is defined as
A. Variable cost
B. Break even analysis
C. Fixed cost+
D. None of these
Ans: C. Fixed costAnswer
QN8. is a blue print giving the complete framework and structure of the venture that is taken for implementation.
A. Project report
B. Selection of the product
C. Cost analysis
D. Selection of site+
Ans: D. Selection of siteAnswer
QN9. is an artificial being invisible, intangible and existing only in contemplation of law.
A. Product
B. Service+
C. Corporation
D. All of these
Ans: B. ServiceAnswer
QN10. Which of the following are not the main features of partnership form of business ownership/organization?
A. Profit and loss sharing
B. Restrictions of transfer of share
C. Contractual relationship
D. None of these+
Ans: D. None of theseAnswer
QN11. the decision taken by the entrepreneur well in advance regarding the future financial aspects of his/her enterprise is called
A. Financial analysis+
B. Financial statement
C. Financial planning
D. None of these
Ans: A. Financial analysisAnswer
QN12.The form of organization is based on the philosophy of self-
help and mutual help
A. Cooperation
B. Cooperative+
C. Organization
D. Restrictions
Ans: B. CooperativeAnswer
QN13. A share holder is paid dividend, while a debenture holder is paid
A. Bonus
B. Increment
C. Interest+
D. None of these
Ans: C. InterestAnswer
QN14.The of companies is also determined by the competitiveness found among them.
A. Borrowed funds
B. Capital structure+
C. Debt capital
D. Owner’s capital
Ans: B. Capital structureAnswer
QN15. U.No.5; P.No.92; is a process of assigning a distinct name to the product so as to differentiate it from the competitive products of similar nature.
A. Trade mark
B. Branding+
C. Brand mark
D. None of these
Ans: B. BrandingAnswer
QN16. is one of the important segments of economic growth.
A. Mobilizing
B. Entrepreneur
C. Entrepreneurial
D. None of these+
Ans: D. None of theseAnswer
QN17. is a mental attitude to undertake expected risks during the endeavor to realize objectives.
A. Entrepreneurship+
B. Organisation
C. Mobilising
D. Management
Ans: A. EntrepreneurshipAnswer
QN18.The evolutions of the concept of entrepreneur are broadly classified into three groups Viz.,
A. Risk-bearer, organizer & innovator +
B. Risk-bearer, organize & inventor
B. Risk-bearer, inventor & organizer
D. None of these
Ans: A. Risk-bearer, organizer & innovator Answer
QN19. Which are two Managerial Control of the Entrepreneurial Functions?
A. Managing Finance & Managing factory
B. Managing Competition & Managing Finance
C. Managing Finance & Managing Production+
D. Managing Production & Managing Competition
Ans: C. Managing Finance & Managing ProductionAnswer
QN20. and are the qualities apparently found in women entrepreneurs.
A. Non-Intelligence & Un-patience
B. Intelligence & Unmerciful approach
C. Intelligence & Patience+
D. None of these
Ans: C. Intelligence & PatienceAnswer
QN21. and are the two sources of the Finance.
A. Short-term & Long-term+
B. Short-term & External
C. Internal & External
D. Long-term & Internal
Ans: A. Short-term & Long-termAnswer
QN22. entrepreneurs are unwilling to make any change in the production system, even if the system causes losses repeatedly.
A. Initiative
B. Innovative
C. Drone+
D. Fabian
Ans: C. DroneAnswer
QN23.A is the servant in the enterprise owned by the entrepreneur.
A. Entrepreneur+
B. Manager
C. Employee
D. None of these
Ans: A. EntrepreneurAnswer
QN24.Adam Smith described as a person who only provides capital without taking active part in the leading role in enterprise.
A. Manager
B. Owner
C. Entrepreneur+
D.Director
Ans: C. EntrepreneurAnswer
QN25.ln the words of Schumpeter is a creative activity.
A. Management
B. Directing
C. Leading
D. Entrepreneurship+
Ans: D. EntrepreneurshipAnswer
QN26.Schumpeter argues that, the basic function of an entrepreneur is
A. challenging
B. Developing
C. Determination
D. innovation+
Ans: D. innovationAnswer
QN27. The section of any business plan demonstrates that you know your customers.
A. market analysis
B. Customer analysis+
C. Vendor analysis
D. None of these
Ans: B. Customer analysisAnswer
QN28. estimates of product or service sales, based on the market analysis and assumptions about the effectiveness of the pricing, promotion, and distribution strategies.
A. Demand forecast+
B. Promotion analysis
C. Pricing strategy
D. None of these
Ans: A. Demand forecastAnswer
QN29. has a significant influence to price determination of market oriented companies.
A. Competition
B. Demand+
C. Pricing strategy
D. None of these
Ans: B. DemandAnswer
QN30. While demand and competition are external factors, the ___ are internal.
A. Customers
B. Costs+
C. Competition
D. None of these
Ans: B. CostsAnswer
QN31. is one of the popular techniques of strategic sourcing, which improves the value we receive from suppliers.
A. Vendor selection
B. Vendor management
C. Vendor development+
D. None of these
Ans: C. Vendor developmentAnswer
QN32. is the branch of logistics that deals with the tangible components of a supply chain.
A. Materials management+
B. Vendor management
C. Vendor development
D. None of these
Ans: A. Materials managementAnswer
QN33. The two most important factors to consider in a make-or-buy decision are cost and the availability of,
A. Production capacity+
B. Working capital
C. Manpower
D. None of these
Ans: A. Production capacityAnswer
QN34. is a carefully planned and organized effort to accomplish a specific and usually one-time objective,
A. Vendor selection
B. Marketing
C. Project management+
D. None of these
Ans: C. Project managementAnswer
QN35. Someone who improves an existing business can be called
A. An intrapreneur+
B. A professional
C. A co-worker
D. A changeling
Ans: A. An intrapreneurAnswer
QN36. Where there is no legal separation between the assets and liabilities of a business, and the assets and liabilities of an individual, the business is
A. A sole trader+
B. A limited company
C. A cooperative
D. A partnership
Ans: A. A sole traderAnswer
QN37. One of the key legal documents required in the formation of a limited company is
A. A PAYE statement
B. The articles of registration+
C. A memorandum of association
D. Registration of corporation
Ans: B. The articles of registrationAnswer
QN38. Acquiring the use of equipment such as machinery without owning it is known as:
A. Leasing+
B. Hire purchase
C. Factoring
D. Acquisition
Ans: A. LeasingAnswer
QN39. A cash flow forecast will form part of which section of the business plan
A. Operations
B. Marketing
C. Finance+
D. Executive summary
Ans: C. FinanceAnswer
QN40. A key aspect of the financial section of the business plan is
A. A statement of management skills
B. A realistic sales forecast+
C. Production capacity
D. A description of competitors
Ans: B. A realistic sales forecastAnswer
