Entrepreneurship MCQs with Answers Part # 4

May 1, 2023 Entrepreneurship 154 Views

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Entrepreneurship MCQs with Answers Part 4

Questions 150 to 200

151. Which of the following factors would not be included in a PESTLE analysis?

Government re-cycling policy.

Proposed reduction in interest rates.

Demographic changes.

Competitor activity.

Correct! Wrong!

152. The use of informal networks by entrepreneurs to gather information is known as ______________.

Entrepreneurial networking.

Secondary research.

Informal parameters.

Marketing

Correct! Wrong!

153. Entrepreneurs are motivated by ______________.

money

personal values.

pull influences.

All the above.

Correct! Wrong!

154. ______________ is the first development bank of the country.

ICICI

IDBI

IFCI

SFC

Correct! Wrong!

155. The business development department of SIPCOT guides entrepreneurs in ______________.

applying for licences.

approval on collaboration.

allocation of scarce raw materials.

All the above.

Correct! Wrong!

156. ______________ is used to accomplish the project economically in the minimum available time with limited resources

Project Scheduling.

Network Analysis.

Budget Analysis.

Critical Planning.

Correct! Wrong!

117. The granting of cash subsidy on the capital investment is called ______________.

Concessional finance.

Quantum of Subsidy.

Interest Subsidy.

Central Investment Subsidy.

Correct! Wrong!

158. Activities which must be finished before a given event can occur are termed as ______________.

Preceding Activities.

Succeeding Activities

Concurrent Activities

Dummy Activities.

Correct! Wrong!

159. Decisions taken by an entrepreneur on behalf of his enterprise are known as ______________.

Organizational decisions.

Personal decisions.

Routine decisions.

Strategic decisions

Correct! Wrong!

160. CPM stands for ______________.

Continuous Path Method.

Clear Path Method.

Critical Probabilistic Method.

Critical Path Method.

Correct! Wrong!

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

Technology

Time

Training

Talent

Correct! Wrong!

162. Which one of the following describes unemployment?

The number of people who voluntarily choose not to work.

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

The number of people who are not actively seeking work.

The number of people actively seeking work who find work.

Correct! Wrong!

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

political and regulatory factors.

customer needs in a given market.

social and demographic factors.

technological changes.

Correct! Wrong!

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

Manufacturing industries.

Feeder Industries.

Service Industries.

Mining or Quarrying.

Correct! Wrong!

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

65%.

60%.

55%.

50%.

Correct! Wrong!

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

conglomerate diversification.

horizontal integration.

vertical integration.

concentric integration.

Correct! Wrong!

167. Seed capital assistance ______________.

a long-term assistance.

initial assistance

a help for the purchase of seeds.

a short-term assistance.

Correct! Wrong!

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

IPR 1948.

IPR 1956.

IPR 1977.

IPR 1980.

Correct! Wrong!

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

create a customer.

maximize profits.

serve the society.

increase the wealth of the firm.

Correct! Wrong!

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

Equity shares.

Preference shares.

Redeemable preference shares.

Debentures

Correct! Wrong!

171. The oldest form of business organization is ______________.

Partnership

sole proprietorship.

joint stock company.

co-operative undertaking.

Correct! Wrong!

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

Young Enterprise.

Youth venture.

Young Business.

Young Initiative.

Correct! Wrong!

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

A statement of the target market.

The size of each market segment.

The key characteristics of buyers in each business segment.

All the above.

Correct! Wrong!

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

Repco bank

SBI

EXIM bank

HDFC

Correct! Wrong!

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

Analysis

Recommendation

lessons learned

financial feasibility

Correct! Wrong!

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

economic development

increase in profits

shareholders value

business development

Correct! Wrong!

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

Agriculture

Manufacturing

Distribution

Service

Correct! Wrong!

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

Entrepreneurship takes place in small businesses.

Entrepreneurship takes place in large businesses.

Entrepreneurship takes place in a wide variety of contexts.

Entrepreneurship does not take place in social enterprises.

Correct! Wrong!

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

marketing channels.

multilevel pyramids.

monopolies

multiplication

Correct! Wrong!

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

SISI

SIPCOT

SIDCO

IIC

Correct! Wrong!

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

Synectics

Delphi technique.

Brainstorming.

Nominal group technique.

Correct! Wrong!

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

A cooperative.

A franchise.

An owner-manager business.

A limited company.

Correct! Wrong!

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

technical skills.

management competencies.

business awareness.

personal attributes.

Correct! Wrong!

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

an intrapreneur.

a corporate entrepreneur.

a portfolio entrepreneur.

None of the above.

Correct! Wrong!

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

Organizational decisions.

Personal decisions.

Routine decisions.

Strategic decisions.

Correct! Wrong!

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

conglomerate diversification.

horizontal integration.

vertical integration.

concentric integration

Correct! Wrong!

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

5% p.a.

6% p.a.

7% p.a.

8% p.a.

Correct! Wrong!

188. Over - capitalization arises due to ______________.

excess of assets over the liabilities.

excess of liabilities over the assets.

actual earnings are lower than the expected earnings.

actual earnings are higher than the expected earnings.

Correct! Wrong!

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

statutory corporation.

company limited by guarantee.

company limited by shares.

unlimited company.

Correct! Wrong!

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

Issue of equity shares.

Issue of debentures.

Term loans from banks.

Sale of current asset.

Correct! Wrong!

191. Memorandum of association of a firm contains ______________.

rules regarding the internal management of the company.

rules regarding the constitution and activities of the company.

rules regarding the external management.

rules regarding the constitution.

Correct! Wrong!

192. 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?

Supplier

Retailer

Competition

Government bureau.

Correct! Wrong!

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

An established objective

Complex tasks

A clear beginning and end

Only for internal use

Correct! Wrong!

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

cost structure

implementation plan

market structure

production structure

Correct! Wrong!

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

They give an outlet for entrepreneurs.

They can provide specialist support to larger companies.

They can be innovators of new products.

All the above.

Correct! Wrong!

196. Primary data is ______________.

new data specifically collected for a project.

the data that is collected first.

the most important data.

data that is collected second.

Correct! Wrong!

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

less satisfaction of the owners.

less help from various agencies.

there are more funds required.

there is a high failure rate.

Correct! Wrong!

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

IDBI

IFCI

ICICI

SFC

Correct! Wrong!

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

concessional terms.

differential terms.

standard terms.

specific terms.

Correct! Wrong!

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

Product Layout.

Factory Layout.

Process Layout.

Combined Layout.

Correct! Wrong!

For more Entrepreneurship MCQs with Answers, Click the following links:

1 to 50, 51 to 100, 101 to 150, 151 to 200, 201 to 250, 251 to 300, 301 to more

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Entrepreneurship MCQs with Answers Part # 4

151. Which of the following factors would not be included in a PESTLE analysis?

152. The use of informal networks by entrepreneurs to gather information is known as ______________.

153. Entrepreneurs are motivated by ______________.

154. ______________ is the first development bank of the country.

155. The business development department of SIPCOT guides entrepreneurs in ______________.

156. ______________ is used to accomplish the project economically in the minimum available time with limited resources

117. The granting of cash subsidy on the capital investment is called ______________.

158. Activities which must be finished before a given event can occur are termed as ______________.

159. Decisions taken by an entrepreneur on behalf of his enterprise are known as ______________.

160. CPM stands for ______________.

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

162. Which one of the following describes unemployment?

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

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

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

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

167. Seed capital assistance ______________.

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

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

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

171. The oldest form of business organization is ______________.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

188. Over - capitalization arises due to ______________.

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

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

191. Memorandum of association of a firm contains ______________.

192. 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?

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

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

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

196. Primary data is ______________.

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

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

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

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

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