Entrepreneurship Management Online MCQ Set 4

QN01. The 'T' in a PESTLE analysis refers to ______________.

  1. Technology.
  2. Time.
  3. Training.
  4. Talent.
Answer

(A)Technology.

QN02. Which one of the following describes unemployment?

  1. The number of people who voluntarily choose not to work.
  2. The number of people who are jobless and are actively seeking work.
  3. The number of people who are not actively seeking work.
  4. The number of people actively seeking work who find work.
Answer

(B)The number of people who are jobless and are actively seeking work.

QN03. Which of the following factors does the macro-environment not include?

  1. political and regulatory factors.
  2. customer needs in a given market.
  3. social and demographic factors.
  4. technological changes.
Answer

(B)customer needs in a given market.

QN04. Industries producing complete articles for direct consumption & also processing industries is called as ______________.

  1. Manufacturing industries.
  2. Feeder Industries.
  3. Service Industries.
  4. Mining or Quarrying.
Answer

(A)Manufacturing industries.

QN05. Section 80 HHB provides for a deduction of ____________________ of profits and gains earned by a resident Indian company.

  1. 65%.
  2. 60%.
  3. 55%.
  4. 50%
Answer

(D)50%

QN06. The type of diversification in which the company adds up same type of products at the same level of production is ______________.

  1. conglomerate diversification.
  2. horizontal integration.
  3. vertical integration.
  4. concentric integration.
Answer

(B)horizontal integration.

QN07. Seed capital assistance ______________.

  1. a long-term assistance.
  2. initial assistance
  3. a help for the purchase of seeds.
  4. a short-term assistance.
Answer

(B)initial assistance

QN08. The policy which emphasized the need of promoting small-scale industries through integrated industrial development is ______________.

  1. IPR 1948.
  2. IPR 1956.
  3. IPR 1977.
  4. IPR 1980.
Answer

(C)IPR 1977.

QN09. A valid definition of a business purpose is to ______________.

  1. create a customer.
  2. maximize profits.
  3. serve the society.
  4. increase the wealth of the firm.
Answer

(B)maximize profits.

QN10. Which of the following securities proves a burden on finances of the company, when company is not earning profits?

  1. Equity shares.
  2. Preference shares.
  3. Redeemable preference shares.
  4. Debentures.
Answer

(D)Debentures.

QN11. The oldest form of business organization is ______________.

  1. Partnership.
  2. sole proprietorship.
  3. joint stock company.
  4. co-operative undertaking.
Answer

(B)sole proprietorship.

QN12. The UK government has implemented a number of policies to encourage Entrepreneurship in schools. One such initiative is ______________.

  1. Young Enterprise.
  2. Youth venture.
  3. Young Business.
  4. Young Initiative.
Answer

(A)Young Enterprise.

QN13. The Markets and Competitors section of a business plan should contain ______________.

  1. A statement of the target market.
  2. The size of each market segment.
  3. The key characteristics of buyers in each business segment.
  4. All the above.
Answer

(D)All the above.

QN14. ______________ set up for the purpose of financing, facilitating, and promoting foreign trade of India.

  1. Repco bank
  2. SBI
  3. EXIM bank
  4. HDFC
Answer

(C)EXIM bank

QN15. Project mission and objectives, procedures and systems used, and organization resources used typically appear in the ______________ section of the final project report.

  1. Analysis
  2. Recommendation
  3. lessons learned
  4. financial feasibility
Answer

(A)Analysis

QN16. Entrepreneurial development is the key to achieve all-round ______________ through acceleration of industrial and entrepreneurial activities.

  1. economic development
  2. increase in profits
  3. shareholders value
  4. business development
Answer

(A)economic development

QN17. Which industrial sector tends to naturally promote small-scale businesses and Entrepreneurship, and generally has lower barriers to market entry?

  1. Agriculture
  2. Manufacturing.
  3. Distribution.
  4. Service.
Answer

(D)Service.

QN18. Which of these statements best describes the context for entrepreneurship?

  1. Entrepreneurship takes place in small businesses.
  2. Entrepreneurship takes place in large businesses.
  3. Entrepreneurship takes place in a wide variety of contexts.
  4. Entrepreneurship does not take place in social enterprises.
Answer

(C)Entrepreneurship takes place in a wide variety of contexts.

QN19. Goods or services reach the market place through ______________.

  1. marketing channels.
  2. multilevel pyramids.
  3. monopolies.
  4. multiplication.
Answer

(A)marketing channels.

QN20. Entrepreneurial Guidance Bureau(EGB) was set up by ______________.

  1. SISI.
  2. SIPCOT.
  3. SIDCO
  4. IIC.
Answer

(D)IIC.

QN21. ______________ is a problem -solving technique designed to produce numerous ideas in a short period

  1. Synectics.
  2. Delphi technique.
  3. Brain storming.
  4. Nominal group technique.
Answer

(C)Brain storming.

QN22. A business arrangement where one party allows another party to use a business Name and sell its products or services is known as ______________.

  1. A cooperative.
  2. A franchise.
  3. An owner-manager business.
  4. A limited company.
Answer

(B)A franchise.

QN23. Which one of the following is not considered as one of the Building blocks of the model entrepreneur?

  1. technical skills.
  2. management competencies.
  3. business awareness.
  4. personal attributes.
Answer

(C)business awareness.

QN24. An entrepreneur who owns more than one business at a time is called ______________.

  1. an intrapreneur.
  2. a corporate entrepreneur.
  3. a portfolio entrepreneur.
  4. None of the above.
Answer

(C)a portfolio entrepreneur.

QN25. Decisions which are concerned with policy matters and exercise fundamental influence on the objectives of the organization are called as ______________.

  1. Organizational decisions.
  2. Personal decisions.
  3. Routine decisions.
  4. Strategic decisions.
Answer

(D)Strategic decisions.

QN26. When a firm enters into business which is unrelated to its existing business both in terms of technology and marketing ______________.

  1. conglomerate diversification.
  2. horizontal integration.
  3. vertical integration.
  4. concentric integration
Answer

(A)conglomerate diversification.

QN27. Under section 80J of the income tax act, 1961, small-scale industries are exempted from the payment of income tax on their profits at ______________.

  1. 6% p.a.
  2. 6% p.m.
  3. 5% p.a.
  4. 5% p.a.
Answer

(A)6% p.a.

QN28. Over - capitalization arises due to ______________.

  1. excess of assets over the liabilities.
  2. excess of liabilities over the assets.
  3. actual earnings are lower than the expected earnings.
  4. actual earnings are higher than the expected earnings.
Answer

(C)actual earnings are lower than the expected earnings.

QN29. Reserve bank of India is a/an ______________.

  1. statutory corporation.
  2. company limited by guarantee.
  3. company limited by shares.
  4. unlimited company.
Answer

(A)statutory corporation.

QN30. Which of the following sources is not use for medium term financing?

  1. Issue of equity shares.
  2. Issue of debentures.
  3. Term loans from banks.
  4. Sale of current asset.
Answer

(A)Issue of equity shares.

QN31. Memorandum of association of a firm contains ______________.

  1. rules regarding the internal management of the company.
  2. rules regarding the constitution and activities of the company.
  3. rules regarding the external management.
  4. rules regarding the constitution.
Answer

(B)rules regarding the constitution and activities of the company.

QN32. An entrepreneur into the hosiery business found out the reason his hosiery was not selling was due to its color. What could be the best source of this information?

  1. Supplier.
  2. Retailer.
  3. Competition.
  4. Government bureau.
Answer

(B)Retailer.

QN33. Which of the following is not considered to be a characteristic of a project?

  1. An established objective
  2. Complex tasks
  3. A clear beginning and end
  4. Only for internal use
Answer

(D)A clear beginning and end

QN34. Every entrepreneur should draw an ______________ for his project to ensure the timely completion of all activities involved in setting up an enterprise.

  1. cost structure
  2. implementation plan
  3. market structure
  4. production structure
Answer

(B)implementation plan

QN35. Why are small businesses important to a country's economy?

  1. They give an outlet for entrepreneurs.
  2. They can provide specialist support to larger companies.
  3. They can be innovators of new products.
  4. All the above.
Answer

(D)All the above.

QN36. Primary data is ______________.

  1. new data specifically collected for a project.
  2. the data that is collected first.
  3. the most important data.
  4. data that is collected second.
Answer

(A)new data specifically collected for a project.

QN37. Which of the following is a recognized disadvantage of setting up as a start-up as compared with other routes to market entry?

  1. less satisfaction of the owners.
  2. less help from various agencies.
  3. there are more funds required.
  4. there is a high failure rate.
Answer

(D)there is a high failure rate.

QN38. SIDBI was set up as a subsidiary of ______________.

  1. IDBI.
  2. IFCI.
  3. ICICI.
  4. SFC.
Answer

(A)IDBI.

QN39. In backward areas, term loans for expansion or setting up a new unit are available at ______________.

  1. concessional terms.
  2. differential terms.
  3. standard terms.
  4. specific terms.
Answer

(A)concessional terms.

QN40. In ______________, machines and equipments are arranged in the order or sequence in which they are to be used for manufacturing the product

  1. Product Layout.
  2. Factory Layout.
  3. Process Layout.
  4. Combined Layout.
Answer

(A)Product Layout.

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