The activities that take place when a new enterprise is launched are referred to as MCQ

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MCQ Questions for Entrepreneurship Development. Multiple Choice Questions for Marketing management academic and competitive exams.

The activities that take place when a new enterprise is launched are referred to as MCQ

1. The term “Entrepreneur” has been derived from the word “entreprendre” which means:
a. To give
b. To undertake
c. To choose
d. To decide
Show Answer

Answer: (B)

2. Entrepreneurship is a creative activity – Said by:
a. Frederick Harbison
b. B. F. Hoselitz
c. B. Higgins
d. Joseph
Show Answer

Answer: (d)

3. What is the hallmark of a successful entrepreneur?
a. Risk bearing capacity
b. Persistence
c. Flexibility
d. Self-confidence
Show Answer

Answer: (d)

4. Which type of entrepreneurs utilizes a chance to introduce a new technique or new product?
a. Innovative entrepreneur
b. Instigated entrepreneur
c. Initiative entrepreneur
d. Fabian entrepreneur
Show Answer

Answer: (a)

5. In which state of India, the standard of education is highest?
a. Tamil Nadu
b. Andhra Pradesh
c. Kerala
d. Karnataka
Show Answer

Answer: (c)

6. Which phase is the phase of real training?
a. Initial phase
b. Training phase
c. Post-training phase
d. Follow up phase
Show Answer

Answer: (b)

7. “Seed Capital Scheme” is being operated by?
a. IDBI
b. SIDC
c. ICICI
d. IFCI
Show Answer

Answer: (a)

8. Calcutta “Y” Self-Employment Centre targets unemployed youths between?
a. 18 to 30 years
b. 16 to 25 years
c. 18 to 25 years
d. 20 to 30 years
Show Answer

Answer: (a)

9. In the 1995 – 96 periods what percentage of the total entrepreneurs were women entrepreneurs?
a. 10 %
b. 11.2%
c. 13%
d. 9%
Show Answer

Answer: (b)

10. Why the majority of women are unaware of technological developments?
a. Low-risk bearing ability
b. Low mobility
c. Lack of education
d. Low need for achievement
Show Answer

Answer: (c)

11. Which of the following is a remedy to solve the problems of women entrepreneurs?
a. Social attitude
b. Finance cells
c. Stiff Competition
d. Supervision
Show Answer

Answer: (b)

12. When was the “Yashaswini Programme” held in Mysore?
a. November 2000
b. July 2001
c. June 2002
d. November 2001
Show Answer

Answer: (d)

13. What is the analytical study of the end products and by-products that can throw light on new product ideas?
a. Emerging technologies
b. Market characteristics
c. Social and economic trends
d. Product profile
Show Answer

Answer: (d)

14. Who manufactured “Sumeet” mixies to suit Indian conditions?
a. Manohar Kumar Mathur
b. Satya Prakash Mathur
c. Mridula Kumar Mathur
d. Prakash Kumar Mathur
Show Answer

Answer: (b)

15. What can be defined as an attractive project idea that an entrepreneur accepts as a basis for his investment decision?
a. Possibility
b. Business
c. Opportunity
d. Notion
Show Answer

Answer: (c)

16. What is a two-way exchange process in which the needs and wants of the buyer and seller are satisfied?
a. Marketing
b. Selling
c. Producing
d. Accounting
Show Answer

Answer: (a)

17. Which phase starts after the investment decision is taken?
a. Normalisation phase
b. Construction phase
c. Pre-investment phase
d. Product identification phase
Show Answer

Answer: (b)

18. What provides all the necessary information of the unit proposed to be set up for the manufacture of a product or rendering a service?
a. Project description
b. Project appraisal
c. Project implementation schedule
d. Project report
Show Answer

Answer: (d)

19. BEP = (F/(S-V)) x 100
What does F stand for?
a. Fixed sales
b. Fixed cost
c. Finished stock
d. Final output
Show Answer

Answer: (b)

20. Which statement gives a projection of future sources of cash and their applications?
a. Cash flow statement
b. Fund flow statement
c. Income statement
d. Balance sheet
Show Answer

Answer: (a)

21. In long term capital, the repayment of money is arranged for what time period?
a. Within 1 year
b. More than 2 years
c. More than 7 years
d. More than 5 years
Show Answer

Answer: (d)

22. Ownership capital is also known as?
a. Debt
b. Equity
c. Loan
d. Mortgage
Show Answer

Answer: (b)

23. To whom does the company pay interest?
a. Shareholder
b. Customer
c. Debenture holder
d. Creditor
Show Answer

Answer: (c)

24. When was the first SFC (State Financial Corporation) set up in Punjab?
a. 1950
b. 1958
c. 1953
d. 1960
Show Answer

Answer: (c)

25. When was Small Scale Industries Board constituted?
a. 1958
b. 1960
c. 1953
d. 1954
Show Answer

Answer: (d)

26. Which type of industrial estates is called conventional industrial estates?
a. General type of industrial estate
b. Special type industrial estate
c. Ancillary industrial estate
d. Workshop bay
Show Answer

Answer: (a)

27. Government industrial estates come under which type of classification?
a. Variant
b. Objective
c. Functional
d. Organizational
Show Answer

Answer: (d)

28. Under Section 80J of the Income Tax act, 1961 new industrial undertakings are exempted from the payment of income tax on their profits subject maximum of what percentage of their capital employed?
a. 5%
b. 6%
c. 10%
d. 15%
Show Answer

Answer: (b)

29. Rehabilitation allowance is granted under which section of the Income Tax Act, 1961?
a. 30-B
b. 80-C
c. 32-D
d. 33-B
Show Answer

Answer: (d)

30. When was the investment allowance introduced?
a. 1970
b. 1961
c. 1967
d. 1976
Show Answer

Answer: (d)

31. IPR stands for?
a. Industrial Policy Resolutions
b. Industrial Protection Resolutions
c. Independent Policy Reforms
d. Income Plan Rewards
Show Answer

Answer: (a)

32. When was the policy titled” Policy Measures for Promoting and Strengthening and Supplementing Small, Tiny and Village Enterprises” tabled in the Parliament?
a. July 6, 1990
b. August 28, 1992
c. August 6, 1991
d. June 15, 1991
Show Answer

Answer: (c)

33. National Programme for Rural Industrialization has been announced with a mission to set up how many rural clusters every year?
a. 150
b. 200
c. 250
d. 100
Show Answer

Answer: (d)

34. “Quality is fitness for use or purpose,” said by:
a. Philip B. Crosby
b. Joseph M. Juran
c. W. Edwards Deming
d. ISO
Show Answer

Answer: (b)

35. What refers to managing continuous improvement and does not address any specific organizational level?
a. Quality
b. Administration
c. Management
d. People
Show Answer

Answer: (c)

36. What is the fourth element involved in TQM?
a. Processes
b. Team Work
c. Continuous Improvement
d. Customer Satisfaction
Show Answer

Answer: (b)

37. What breeds personal initiative?
a. Empowerment
b. Consensus
c. Teamwork
d. Organization
Show Answer

Answer: (a)

38. In which stage the business expands by way of opening its branches?
a. Startup stage
b. Growth stage
c. Expansion stage
d. Maturity stage
Show Answer

Answer: (c)

39. Which form of growth of the business is diversification?
a. External
b. Vertical
c. Horizontal
d. Internal
Show Answer

Answer: (a)

40. When two or more enterprises merge into one to form a new enterprise, what is it called?
a. Absorption
b. Amalgamation
c. Joint Venture
d. Franchising
Show Answer

Answer: (b)

41. ___ says that entrepreneurship is a ___ activity.
a. Fredrick Harbison & creative
b. Fredrick Harbison & innovative
c. Schumpeter & creative
d. Schumpeter & innovative
Show Answer

Answer: (c)

42. Which of the following is not a quality of a successful entrepreneur as specified by Mc Clelland?
a. He is endowed with unusual creativeness
b. He has a high degree of ambition
c. He is enriched by a high propensity
d. He has also a strong need for achievement.
Show Answer

Answer: (b)

43. The Institute of Entrepreneurship Development has trained around ___ youths in ___ programmes till 1987 April.
a. 300, 14
b. 500, 20
c. 200, 10
d. 400,13
Show Answer

Answer: (d)

44. Madhya Pradesh Consultancy Organisation Ltd. gives ___ and ___ training to entrepreneurs.
a. Technical and managerial
b. Vocational and technical
c. Managerial and administrative
d. Financial and technical
Show Answer

Answer: (a)

45. According to Frederick Harbison, which of the following is not a function of a women entrepreneur?
a. Explore the prospects of starting new enterprises.
b. Co-ordination, administration and control
c. The power to resist criticism
d. Supervision and providing leadership in all aspects of the business.
Show Answer

Answer: (c)

46. Which of the following is not a source of ideas for an entrepreneur?
a. Cost of the project
b. Product profile
c. Imports and exports
d. Emerging technologies
Show Answer

Answer: (a)

47. While doing a market survey for raw material availability, which of the following should be considered?
a. Existing brand loyalties and consumption pattern
b. Leading suppliers and time for order execution
c. Market strategy and advertising
d. Major manufacturers and machinery delivery schedules
Show Answer

Answer: (b)

48. According to Peter Drucker, which of the following is not a kind of opportunity?
a. Breakthrough
b. Additive
c. Complementary
d. Market
Show Answer

Answer: (d)

49. Debt-Service Coverage ratio = Net profit after tax + ___ + interest for one year/___ + interest for one year
a. Depreciation and sales
b. Depreciation and capital employed
c. Equity and instalment
d. Depreciation and instalment
Show Answer

Answer: (d)

50. On the basis of permanence, the financial needs are classified into :
a. Fixed & working capital
b. Long term & fixed capital
c. Short term & fixed capital
d. Long term & short term capital
Show Answer

Answer: (a)

51. An optimum capital structure can be defined as a financing mix incurring the ___ cost but yielding the ___ results.
a. Least & maximum
b. Maximum & least
c. Least & minimum
d. Maximum & minimum
Show Answer

Answer: (a)

52. The term “export finance” refers to ___ facilities and techniques of ___ at the pre-shipment and post-shipment stages.
a. Debit & payment
b. Credit & payment
c. Credit & collection
d. Credit & debit
Show Answer

Answer: (b)

53. On the basis of the organizational set – up, industrial estates are classified into:
a. Private industrial estates & functional industrial estates
b. Functional industrial estates & the workshop bay
c. Municipal industrial estates & private industrial estates
d. Functional industrial estates & Municipal industrial estates
Show Answer

Answer: (c)

54. In order to become eligible for tax concession, the small scale industries need to employ at least ___ & ___ workers in a manufacturing process carried on with and without the aid of power respectively.
a. 10 & 20
b. 20 & 10
c. 10 & 30
d. 20 & 30
Show Answer

Answer: (a)

55. Section 80M of the Income Tax Act,1961, provides for deductions in respect of:
a. Royalties from any company in India & Inter-corporate dividends
b. Inter-corporate dividends & Income of Co-operative Societies
c. Income of Co-operative Societies & Royalties from any company in India
d. Royalties from any company in India & Royalties from certain foreign companies
Show Answer

Answer: (a)

56. The IPR 1956 for SSI aimed at :
a. Protection plus Growth
b. Protection plus Development
c. Protection plus Promotion
d. Promotion plus Development
Show Answer

Answer: (b)

57. The main thrust of the Seventh Plan was ___ and not ___.
a. Reservation & competition
b. Development & competition
c. Competition & reservation
d. Advancement & reservation
Show Answer

Answer: (c)

58. Quality is a ___determination, not the ___ determination.
a. Manufacturer’s & Customer’s
b. Seller’s & Customer’s
c. Customer’s & Manufacturer’s
d. Seller’s & Buyer’s
Show Answer

Answer: (c)

59. TQM is a philosophy where the approach is ___ and ___.
a. Human & scientific
b. Behavioural & Scientific
c. Behavioural & Human
d. Systematic & Human
Show Answer

Answer: (c)

60. Subcontracting is a ___ beneficially ___ relationship between two companies.
a. Exclusively & Traditional
b. Mutually & Commercial
c. Mutually & Traditional
d. In exclusively & Commercial
Show Answer

Answer: (b)

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What is the process of setting up an enterprise called?

The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.

Which is the part of concept of entrepreneurship Mcq?

Ans: An Entrepreneur is the one who perceives opportunity, organizes resources needed for exploring that opportunity and exploits it.

What is the process involved if an enterprise is created by an entrepreneur?

It is useful to break the entrepreneurial process into five phases: idea generation, opportunity evaluation, planning, company formation/launch and growth. These phases are summarized in this table, and the Opportunity Evaluation and Planning steps are expanded in greater detail below.

Which one of the following is the steps involved in setting of a new enterprise?

The major steps involved in the process of starting a new enterprise include the following: (i) Scanning the Environment for identification of business opportunity. (ii) Development of product/service idea. (iii) Assessment of feasibility of the idea.