Entrepreneurship Development Management MCQ Question
Entrepreneur Development Management
Question 1 Which of the following shows the process of creating something new?
a) Business model
b) Modeling
c) Creative flexibility
d) innovation
Question No: 2 Which one of the following gives suggestions for new product and also help
to market new products?
a) Existing products and services
b) Federal government
c) Distribute channel
d) Consumers
Question No: 3 Which of the following is used by entrepreneurs to acquire experience in an
international market before making a major commitment?
a) Merger
b) Minority Interest
c) Joint venture
d) Majority interest
Question No: 4 what is the process by which individuals pursue opportunities without regard
to resources they currently control?
a) Start up management
b) Entrepreneurship
c) Financial analysis
d) Feasibility planning
Question No: 5 Which of the following is alternatively called corporate venturing?
a) Entrepreneurship
b) Intrapreneurship
c) Act of stating a new venture
d) Offering new products by an existing company
Question No: 6 Individuals influencing an entrepreneur’s career choice and style are known
a) Moral-support network
b) Role model
c) Professional support network
d) Support system
Management scope in different areas
Question No: 7 The level at which an individual is viewed by society is called:
a) Financial status
b) Qualification
c) Social status
d) Achievement
Question No: 8 Which one of the following is an important source of idea generation due to
their familiarity with the needs of market?
a) Existing products and services
b) Distribution channels
c) Federal government
d) Consumers
Question No: 9 Members of distribution channels are excellent sources for new ideas
because:
a) They earn a handsome profit from new business
b) They are familiar with the needs of the market
c) They do not bother if entrepreneur bears a loss
d) They have well-developed sales force
Question No: 10 Which one of the following is the most important characteristic of a
successful business website?
a) Innovation
b) speed
c) Graphics
d) Products
Question No: 11 Which one of the following is the next stage to the Concept Stage of Product
Planning and Development Process?
a) Idea Stage
b) Product Planning Stage
c) Product Development Stage
d) Test Marketing Stage
Question No: 12 Why should an entrepreneur do a feasibility study for starting a new venture
a) To identify possible sources of funds
b) To see if there are possible barriers to success
c) To estimate the expected sales
d) To explore potential customers
Question No:13 Information regarding all of the following is related to operations, EXCEPT:
a) Location
b) Promotion
c) Raw materials
d) Labor skills
Question No: 14 A Micro Enterprise is an enterprise where investment in plant and
machinery does not exceed (According to MSMED Act, 2006):
(a) Rs. 15 Lakh
(b) Rs. 20 Lakh
(c) Rs. 25 Lakh
(d) Rs. 30 Lakh
Question No: 15 EDP (Entrepreneurship Development Programmes) is required to help:
(a) Existing entrepreneurs
(b) First generation entrepreneurs
(c) Future generations entrepreneurs
(d) None of the above
Question No: 16 A corporate manager who starts a new initiative for their company which
entails setting up a new distinct business unit and board of directors can be regarded as?
(a) Ecopreneur
(b) Technopreneur
(c) Intrapreneur
(d) Social Entrepreneur
Question No: 17 Family business always interested to handover the change of his business to:
(a) Indian Administration Officers
(b) Professional Managers
(c) Next generation
(d) None of the above
Question No: 18 A corporate manager who starts a new initiative for their company whichentails setting up a new distinct business unit and board of directors can be regarded as?
(a) Ecopreneur
(b) Technopreneur
(c) Intrapreneur
(d) Social Entrepreneur
Question No: 19 Venture capital is concerned with:
(a) New project having potential for higher profit
(b) New project of high technology
(c) New project having high risk
(d) All the above.
20 Entrepreneurial behaviours includes:
(a) Solving problems
(b) Taking initiatives
(c) Taking responsibility
(d) All of above
21 Entrepreneurs attributes includes:
(a) Preservence
(b) Hard working
(c) Determination
(d) All of above
22 Entrepreneurs skills includes:
(a) Creative problem solving
(b) Persuading
(c) Negotiation
(d) all of above
23 Which business function do experts agree, you should focus on first when preparing to
start a business.
(a) Financing
(b) Marketing vision
(c) Operation
(d) None of above
24 From the following which one is factor affecting entrepreneurial growth:
(a) Social
(b) Economic
(c) Psychological
(d) All of above
25 What is the need of entrepreneurship:
(a) For new innovation
(b) To fill gap in growth
(c) For healthy competition
(d) All of above
26 The level at which an individual is viewed by society is called:
(a) Financial status
(b) Qualification
(c) Social Status
(d) Achievement
27 Basic problems of women entrepreneurs in India:
(a) Lack of education skill
(b) Male dominating society
(c) Absence of listen bearing capacity
(d) All of the above
28 Which one is not the barriers of Enterpreneurship:
(a) Lack of technical skills
(b) Political instability
(c) Technical knowledge
(d) Time pressure and distractions
29 The key factor influencing the mobility of entrepreneurs are:
(a) Resources
(b) Experience and Education
(c) Language and culture
(d) All of above
30 It’s an institution to set up a network of technical consultancy organizations in the country.
(a) TCO
(b) ITC
(c) EGB
(d) None of above
31 An Entrepreneurs refers to :
(a) Initiator
(b) Motivator
(c) Visualizer
(d) All of above
32 From the following which ones is the quality of Entrepreneur:
(a) Initiator
(b) Information Seeker
(c) Motivator
(d) All of above
33 1.Small scale industries (SSIs) also known as MSMEs are defined & categorized by the Micro, Small & Medium Enterprises Development Act
(a)2006
(b) 2007
(c) 2008
(d) 2009
34 Who is the present Minister of Micro, Small and Medium Enterprises in india ?
(a) Karan Singh
(b) Girirajsingh
(c) Virbhadra Singh
(d) Abhishek Singh
35 Name the institution which was set up in 1982 to promote integrated rural development
(a) NSIC
(b) NABARD
(c) SIDBI
(d) NCEUS
36 Name the institution which is set up as an apex bank to provide direct or indirect financial
assistance under different scheme.
(a) SIDBI
(b) NSIC
(c) RSBDC
(d) None of the above
37 Investment in equipments service sector in Micro scale industry should be
(a) Up to 10 Lacs
(b) 10Lacs – 2 Crores
(c) 2 Crores – 5 Crores
(d) None of the above
38 Investment in equipments service sector in small scale industry should be
(a) Up to 10 Lacs
(b) 10Lacs – 2 Crores
(c) 2 Crores – 5 Crores
(d) None of the above
39 . Investment in equipments service sector in Medium scale industry should be
(a) Up to 10 Lacs
(b) 10Lacs – 2 Crores
(c) 2 Crores – 5 Crores
(d) None of the above
40 .Investment in plant and machinery/ equipment (excluding land and building).w.r.t. Manufacturing sector in Micro industry should be
(a) Up to 25 Lacs
(b) 25Lacs – 5 Crores
(c) 5 Crores – 10 Crores
(d) None of the above
41 .Investment in plant and machinery/ equipment (excluding land and building).w.r.t.
Manufacturing sector in Small industry should be
(a) Up to 25 Lacs
(b) 25Lacs – 5 Crores
(c) 5 Crores – 10 Crores
(d) None of the above
42 Investment in plant and machinery/ equipment (excluding land and building).w.r.t.
Manufacturing sector in Medium industry should be
(a) Up to 25 Lacs
(b) 25Lacs – 5 Crores
(c) 5 Crores – 10 Crores
(d) None of the above
43 A__________ is a specialized firm that finances young, start up companies
a) Venture capital firm
b) Finance company
c) Small business finance co.
d) Capital creation co
44 Venture capital firms are usually organized as
a) Corporation
b) Non-profit organisation
c) Closed- end mutual funds
d) Limited partnership
45 Which of the following is a characteristics of Venture capital firms
a) Developing portfolio of companies
b) Allowing firm to use the funds as they see fit
c) Having a short term investment horizon
d) Holding Debts in the firm that are funded
46 Name the institution which is set up as an apex bank to provide direct/indirect financial assistance under different schemes and also coordinates the functions of other institutions in similar activities
a) SIDB
b) NSIC
c) RSBDC
d) None
47 If the investment in fixed assets or plant and machinery does not exceed one crore rupees,
then that particular firm come s under the category of
a) Tiny industry
b) Small scale industry
c) Village industry
d) Cottage: industry
48 Finance companies
a) are money market intermediaries.
b) borrow in large amounts, but lend in small amounts.
c) are virtually unregulated.
d) all of the above.
49 . An individual who starts, creates and manages a new business can be called
_____________
A). A leader
B). A manager
C). A professional
D). An entrepreneur
50 Trademarks relate to _______.
A).Practice and knowledge acquired through experience
B). The protection of proprietary information of commercial value
C). The right to reproduce ones own original work
D). Brand identi
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