321. To provide financial assistance to entrepreneurs the government has set up a number of ___
A. financial advisors.
B. financial intermediaries.
C. Industrial estates.
D. financial institutions.
Answer
D. financial institutions.
322. ___ can be defined as a specifically evolved work plan densed to achieve a Specific objective within a specific period of time
A. Idea generation.
B. Opportunity Scanning.
C. Project.
D. Strategy
Answer
C. Project.
323. ___ is used to accomplish the project economically in the minimum availabletime with limited resources
A. Project Scheduling.
B. Network Analysis.
C. Budget Analysis.
D. Critical Planning
Answer
A. Project Scheduling.
324. ___ is a form of financing especially for funding high technology, high riskand Perceived high reward projects
A. Fixed capital.
B. Current capital.
C. Seed capital.
D. Venture capital.
Answer
D. Venture capital.
325. ___ is a favorable set of circumstances that creates a need for a new product, service, orbusiness.
A. A niche
B. A venture
C. A trend
D. An opportunity
Answer
D. An opportunity
326. Each of the following are ways to identify an opportunity EXCEPT:
A. observing trends.
B. solving a problem.
C. trying out alternative uses of existing products.
D. finding gaps in the marketplace.
Answer
C. trying out alternative uses of existing products.
327. Entrepreneurs can recognize problems and find ways to solve them through each of the following EXCEPT:
A. recognizing problems in emerging trends.
B. identifying a currently available product or service and then building a business around a better version.
C. framing a problem differently than it’s been thought of before, and then proposing an appropriate solution.
D. experiencing a problem in one’s own life, and then realizing the solution represents a business opportunity.
Answer
B. identifying a currently available product or service and then building a business around a better version.
328. All of the following are characteristics shared by those who excel at recognizingopportunities EXCEPT:
A. brainstorming.
B. prior experience.
C. entrepreneurial alertness.
D. social contacts and ties with others.
Answer
A. brainstorming.
329. All of the following are suitable questions to ascertain Product/Service DesirabilityEXCEPT:
A. Does it make sense?
B. Is the product or service financially feasible?
C. Is this a good time to introduce the product or service in the market?
D. Are there any fatal flaws in the product or service’s basic design or concept?
Answer
B. Is the product or service financially feasible?
330. All of the following are characteristics of attractive industries EXCEPT:
A. the industry is young.
B. the industry is fragmented.
C. the industry is crowd
Answer
C. the industry is crowd
331. ___ is conducted to determine whether a proposed business has sufficient management expertise, organizational competence, and resources to successfully launch its business.
A. A marketing plan
B. Financial feasibility analysis
C. Industry/market feasibility analysis
D. Organizational feasibility analysis
Answer
D. Organizational feasibility analysis
332. Why is the executive summary perhaps the most important section of the business plan?
A. This section of the plan provides in-depth discussion of the major trends in the industry in which the firm intends to compete.
B. This section of the plan summarizes the firm’s key executives.
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.
D. This section of the plan deals with the day-to-day operations of the company.
Answer
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.
333. Which of the following might be termed a disadvantage faced by the small business?
A. Greater flexibility
B. Greater ability to serve specialized markets
C. Extreme personal commitment of the owner
D. More personal service
Answer
B. Greater ability to serve specialized markets
334. The financial assistance to small business provided by the Small Business Administration takes the form of:
A. direct loans
B. guidance in locating lenders
C. loan guarantees
D. assistance in filling out paperwork
Answer
D. assistance in filling out paperwork
335. Key features of a well written business plan would include all of the following except:
A. financial plan
B. qualifications of the owner
C. an analysis of the market
D. a review of the advertising firms analyzed
Answer
B. qualifications of the owner
336. EDPs course contents contain ___
A. General introduction to entrepreneurs.
B. Motivation training.
C. Managerial skills.
D. All the above
Answer
D. All the above
337. MSME is defined under which act?
A. MSMED Act 2006
B. MSMED Act 2001
C. MSMED Act 1999
D. MSMED Act 2004
Answer
A. MSMED Act 2006
338. MSMEs are important for the Nation’s Economy because they significantly contribute to
A. Industrial Production
B. Exports
C. Employment
D. All of the above
Answer
D. All of the above
339. Investment Limit of a Micro Enterprise under manufacturing sector does not exceed ___ lakhs.
A. 10
B. 20
C. 25
D. 50
Answer
C. 25
340. The manufacturing enterprises are defined in terms of investment in ___
A. Furniture
B. Stock
C. Plant & machinery
D. None of these
Answer
C. Plant & machinery
341. Which of the following is not considered while selecting the region?
A. Law and order
B. Price of land
C. Availability of raw materials
D. Proximity to the product market
Answer
B. Price of land
342. Which one of the following is the step involved in setting up a new enterprises?
A. Creating a business plan
B. Making a product choice
C. Selecting the location
D. Setting up infrastructure
Answer
D. Setting up infrastructure
343. Which of the following is the key factor for choosing the type of financing?
A. Availability of funds
B. Assets of the venture
C. Prevailing interest rates
D. All of the given options
Answer
D. All of the given options
344. Following is not involved in EDP
A. Identification of entrepreneurs for training
B. Selection of entrepreneurs for training
C. Developing entrepreneurial capabilities
D. Arranging infrastructural facilities
Answer
D. Arranging infrastructural facilities
345. The distinction between an “entrepreneur” and “small business owner” , if made, revolvesaround:
A. really nothing; they are truly one and the same
B. the Small Business Administration definitions
C. whether the business is an Internet based one or not
D. the risk taking or re-invention of a business vs. someone who “simply” starts a
Answer
B. the Small Business Administration definitions
346. Which of the following is not a main element of the project management process?
A. Estimation.
B. Schedule.
C. Monitor.
D. Systems design.
Answer
D. Systems design.
347. SBA stands for:
A. Small business accountants
B. Small business administration
C. Small business adequacy
D. Small business advisors
Answer
B. Small business administration
348. EDPs course contents contains ___
A. General introduction to entrepreneurs.
B. Motivation training.
C. Managerial skills.
D. All the above
Answer
D. All the above
349. EDII was developed by the
A. Government of India
B. State Government
C. All India Financial Institutions
D. Public sector banks
Answer
C. All India Financial Institutions
350. NIESBUD was established in
A. 1980
B. 1983
C. 1986
D. 1989
Answer
B. 1983
351. ___ is the first development bank of the country.
A. ICICI.
B. IDBI.
C. SFC.
D. IFCI
Answer
D. IFCI
352. State Industrial corporations engage in the development of ___
A. industrial estates.
B. institutional estates.
C. individual investors.
D. agricultural entrepreneurs.
Answer
A. industrial estates.
353. SIDBI was set up as a subsidiary of ___
A. IDBI.
B. IFCI.
C. ICICI.
D. SFC
Answer
A. IDBI.
354. Which of the following is a function of SIDBI?
A. Extension of seed capital.
B. Discounting of bills.
C. Providing factoring services.
D. All of the above
Answer
D. All of the above
355. A provisional SSI registration certificate is valid for a period of ___
A. four Years.
B. three Years.
C. two Years.
D. one year.
Answer
D. one year.
356. DGTD stands for ___
A. Directorate General of Technical Development.
B. District General of Technical Development.
C. District General of Taxation Deduction.
D. Directorate General of Taxation Deduction
Answer
A. Directorate General of Technical Development.
357. National Alliance of Young Entrepreneurs (NAYE) Sponsored an Entrepreneurial Development scheme with Bank of India in ___
A. January 1920.
B. August 1920.
C. January 1972.
D. August 1972.
Answer
D. August 1972.
358. The application for registration of a small scale unit should be submitted to the ___
A. General manager, DIC.
B. Director, DIC.
C. General manager. NSIC.
D. Director, NSIC.
Answer
A. General manager, DIC.
359. District Industries Centres are located ___
A. in each district.
B. in each state.
C. only in selected districts.
D. only in selected states
Answer
A. in each district.
360. The purpose of soft loan scheme is to encourage units to undertake ___
A. modernization of plant and machinery.
B. replacement of plant and machinery.
C. renovation of plant and machinery.
D. all the above
Answer
D. all the above
361. EXIM bank is a ___
A. State-level institution.
B. Regional -level institution.
C. All India institution.
D. International institution.
Answer
C. All India institution.
362. DIC is headed by General Manager in the rank of ___
A. Joint Director of industries.
B. Assistant Director of industries.
C. Non-departmental officer.
D. Departmental officer.
Answer
A. Joint Director of industries.
