BITS

1Q. “the economic development as a discrete dynamic change brought by entrepreneur by instituting new combinations of production i.e., innovations”, the statement given by

a)Richard Cantillon

b)F.H. Knight

c)Joseph Schumpeter

d)Leibenstein

Answer: C

2Q.Which of the following is not a characteristic of an entrepreneur

a)Innovator

b)risk evasion

c)creator of wealth

d)dynamic leader

Answer: B

3Q.The entrepreneurs neither fall in innovative entrepreneur category nor in adoptive or imitative entrepreneur is

a)Fabian entrepreneur

b)Innovative entrepreneur

c)Drone entrepreneur

d)Imitative entrepreneur

Answer: D

4Q.Which of the following is not a function of an entrepreneur

a)Searching for and identifying business opportunities

b)Preparation of business plans and project report

c)Recruitment and selection

d)Resource allocation

Answer: C

5Q.An entrepreneur is one who introduces new goods, inaugurates new methods of production, discovers new market and re-organises the enterprises.

a)Fabian entrepreneur

b)Innovative entrepreneur

c)Drone entrepreneur

d)Imitative entrepreneur

Answer: B

6Q.Due to unforeseen contingencies like changes in consumer tastes, techniques of production, government policies and new inventions there may be losses which are borne by entrepreneurs is contained in ______theories of entrepreneurship.

a)Leibenstein’s X-efficiency theory

b)Hayek’s Market process theory

c)Risk-bearing theory of Knight

d)Schumpeter’s theory of innovation

Answer: C

7Q.Entrepreneurial activities includes

i)The introduction of new good or quality thereof

ii)The introduction of a new method of production

iii)The opening of a new market

iv)The conquest of a new source of supply of new materials or parts

a)i, iib) i, ii, iiic) ii, iii, ivd) i, ii, iii, iv

Answer: D

8Q.Entrepreneurship fails in business environment due to the idea is good but market size is over-estimated

i)idea is pushed through without any research being carried on

ii)actual product is not designed as well as it should be

iii)it is incorrectly positioned in the market

iv)over priced

a)i and iiib) ii, i and vc) i, iii, ii, iv and vd) iii, iv and v

Answer: C

9Q.Identify the role of entrepreneurship that is not being played in the economic development of a nation.

a)Promotes capital formation by mobilizing the idle saving of the public

b)Large scale employment

c)Imbalances regional development

d)Reduces concentration of economic power

Answer: C

10Q.It is the study of standards of conduct and moral judgement

a)Ethics

b)Emotions

c)Integrity

d)None

Answer: A

11Q.The theory describes that the actual cost of production of a commodity exceeds the minimum cost of production. It arises either because the firm’s resources are used in the wrong way or because they are wasted.

a)Hayek’s Market Process Theory

b)Leibenstein’s X-efficiency Theory

c)Risk-bearing Theory of Knight

d)Schumpeter’s Theory of Innovation

Answer: B

12Q.It is quite natural that an entrepreneur while starting a new venture may have to face various hurdles and numerous unpredicted problems. It is expected from an entrepreneur for total commitment and dedication to the progress and prosperity of the organization.

a)Sacrificing attitude

b)Firm determination

c)Independent minded

d)Leading

Answer: A

13Q.”Many people think that they lack what it takes to become an entrepreneur. They look at successful entrepreneurs and think that they could never emulate them”. Which of these is a barrier to entrepreneurship?

a)Environmental Barriers

b)Personal Barrier

c)Societal Barrier

d)Financial Barrier

Answer: B

14Q.”Availability of funds is one of the most important ingredients required for the successful running of a business. If there is a delay in the release of payments by the source of finance, it causes delay in starting, and/or running businesses”. Which of these is a barrier to entrepreneurship?

a)Environmental Barriers

b)Personal Barrier

c)Societal Barrier

d)Financial Barrier

Answer: D

15Q.When an individual starts a new business venture he/she is filled with enthusiasm and drive to achieve success, but when he/she faces the challenges of real business, bears losses or his/her ideas don’t work and loses interest. This is because of ______.

a)Inability to dream

b)Lack of patience

c)Lack of motivation

d)Lack of confidence

Answer: D

16Q.An entrepreneur has a great feeling of being responsible for one’s decisions and one’s future. It is extremely rewarding, talking to customers, taking orders, fulfilling those orders and getting paid. These situations considered by an entrepreneur as______.

a)Environmental Barriers

b)Personal Barrier

c)Sense of Pride

d)Societal Barrier

Answer: C

17Q.Do you think entrepreneur should be considered as a pioneer in economic development of a country?

a)Yes

b)No

Answer: A

18Q.Which of these is contribution of entrepreneur?

a)Deny to develop new markets

b)Discover new sources of materials

c)Not mobilizing capital resources

d)Introduce new product into the market

Answer: D

19Q.Which of the following is not the nature of entrepreneurship?

a)Communicational

b)Creativity and innovation

c)Industry –oriented effort

d)Dynamism

Answer: D

20Q.These entrepreneurs are characterized by readiness to adopt successful innovations inaugurated by innovating entrepreneurs.

a)Drone entrepreneur

b)Fabian entrepreneur

c)Imitate entrepreneur

d)Innovating entrepreneur

Answer: C

1Q.______is one of the essential requirements of an enterprise. Without adequate funds, no business can be developed.

a)Land

b)Capital

c)Building

d)Labour

Answer: B

2Q.Which of these is not support system for the development of entrepreneurship?

a)Educational Institutions providing professional and non-professional or traditional courses

b)Financing institutions

c)Promoting institutions

d)Non-governmental organization

e)None of these

Answer: B

3Q.Find out the odd one from the below

a)IDBI

b)SIDBI

c)IFCI

d)SIDO

Answer: D

4Q.The National Stock Exchange (NSE), National Securities Depository Services Ltd has been built by ______bank.

a)ICICI

b)SIDBI

c)IDBI

d)IFCI

Answer: C

5Q.Which of the following is not promoting institutions?

a)NSIC

b)SISIs

c)DICs

d)IFCI

Answer: D

6Q.The institutions that support the entrepreneurs in respect of training, finance and marketingare

a)Promoting institutions

b)Financing institutions

c)Non-governmental Agencies

d)Educational Institutions

Answer: A

7Q.The main aim of the institution is to strengthen and broad base the existing institutional arrangement to meet the requirements of small scale industries and tiny industries.

a)DICs

b)SIDBI

c)SISIs

d)IDBI

Answer: B

8Q.______is a policy making, coordinating and monitoring agency for the development of small scale entrepreneurs in the country.

a)SIDO

b)IDBI

c)SISIs

d)NSIC

Answer: A

9Q.Which of these is not the assistance provided by SISIs?

a)Trade and market information

b)Economic consultancy

c)Project profiles

d)Financial assistance

Answer: D

10Q.Which of the following activities is not performed MSME Cluster development programme

a)Diagnostic study

b)Soft interventions

c)Setting up of financial Institutions

d)Infrastructure development projects

Answer: C

11Q. Soft interventions DOES NOT include in MSME Cluster development programme:

a)Creation of general awareness

b)No trust building and exposure visits

c)Market development, including exports, participation in seminars, workshops

d)Training programmes on technology up gradation scheme

Answer: B

12Q. Common Facilities consists of creation of tangible assets as common facility centers (CFCs) such as

a)Common production / processing centre

b)Design centers, testing facilities

c)Training centers, R&D centers,

d)Market displays / selling centers, common logistic centers,

Answer: B

13Q.ICICI was set up in

a)january 1954

b)january 1952

c)january 1956

d)january 1955

Answer: D

14Q.UTI established under the act of

a)Parliament in 1964

b)Parliament in 1963

c)Parliament in 1962

d)Parliament in 1961

Answer: A

15Q.State financial corporation set up in the year

a)1945

b)1949

c)1948

d)1944

Answer: C

16Q.Finance is considered as ______for an enterprise

a)Life blood

b)Need

c)Important

d)Useful

Answer: A

17Q.District industries centers programmed was started on

a)May 8,1978

b)May 8,1972

c)May 8,1976

d)May 8,1971

Answer: A

18Q. How many technical consultancy organizations operating in various states

a)16

b)14

c)19

d)17

Answer: D

19Q.Which is following is NOT related to technical consultancy organization(TCOs)

a)BITCO

b)HIMCO

c)DIC

d)APITCO

Answer: C

20Q.SIDBI MEANS

a)Small industries development bank of India

b)State industries development bank of India

c)Small investment development bank of India

d)State investment development bank of India

Answer: A

1Q.Irrespective of women and men entrepreneur the common functions performed by them are

  1. Coordination, administration and control
  2. Risk-bearing
  3. Organization
  4. Innovations
  5. Supervision and leadership

a)iii,iv,ii,ib) i,ii,iii,iv,vc) ii,i,iiid) ii,iii,iv

Answer: D

2Q.Identify the following is NOT a problem of women entrepreneur.

a)Family Ties

b)Male-Dominated Society

c)Financial Sound

d)Scarcity of Raw material

Answer: C

3Q.______is the current chairman and CFO of the second largest food and beverage business, PepsiCo.

a)NainaLalKidwai

b)IndraNooyi

c)ChandaKochar

d)Dr. KiranMazumdarShaw

Answer: B

4Q.______is Chairman & Managing Director of Biocon Ltd., who became India’s richest woman in 2004, was educated at the Bishop Cotton Girls School and Mount Carmel College in Bangalore. Today, her company is the biggest biopharmaceutical firm in the country.

a)Ekta Kapoor

b)NainaLalKidwai

c)Indu Jain

d)Dr. KiranMazumdar Shaw

Answer: D

5Q.Fortune Magazine listed ______among the world’s top 50 Corporate Women from 2000 to 2003 and According to the Economic times, she is the first women to head the operations of a foreign bank in India. (HSBC).

a)NainaLalKidwai

b)ChandaKochar

c)Indu Jain

d)SulajjaFirodiaMotwani

Answer: A

6Q. ______ the multi-faceted lady used to be the Chairman of the Times Group-The most powerful and largest Media house India has known. She is known by many different identities such as that of spiritualist, humanist, entrepreneur, an educationalist but most prominently she played the role of the Chairman of Times Group.

a)Simone Tata

b)Priya Paul

c)NeelamDhawan

d)Indu Jain

Answer: D

7Q.She was keen on joining FMCG majors like Hindustan Lever and Asian Paints, both companies rejected ______, as they did not wish to appoint women for marketing and sales.

a)Preetha Reddy

b)Mallika Srinivasan

c)NainaLalKidawai

d)NeelamDhawan

Answer: D

8Q.Name the women entrepreneur who was chosen as the “Global Leader of Tomorrow” by the World Economic Forum

a)Ekta Kapoor

b)SulajjaFirodiaMotwani

c)Mallika Srinivasan

d)Indu Jain

Answer: B

9Q. The women entrepreneur brought the breeze of revolution in the field of beauty treatment in India.

a)Preetha Reddy

b)Indu Jain

c)Ekta Kapoor

d)Shahnaz Husain

Answer: D

10Q.Which of the following has proposed for promoting female employment in women-owned industries.

a)The First National Conference of Women Entrepreneurs

b)The Second International Conference of Women Entrepreneurs

c)The Sixth Five Year Plan

d)The Seventh Five Year Plan

Answer: C

11Q. Which of the following is an Association of Women Entrepreneurs

a)Federation of Indian Women Entrepreneurs (FIWE)

b)Consortium of Women Entrepreneurs (CWEI)

c)Self-Employed Women’s Association (SEWA)

d)Women Entrepreneurs Promotion Association (WEPA)

e)All the Above

Answer: E

12Q.A Women Entrepreneur who has succeeded in her production company (Balaji Telefilms)

a)Swati Parimal

b)RajashreePathy

c)EktaJeetendra Kapoor

d)None of the above

Answer: C

13Q.Who is the Chairperson and Managing Director of NDTV.

a)Radhika Roy

b)RajshreePathy

c)Dr. Swati Piramal

d)Farah Khan

Answer: A

14Q. She has been nominated as one of the 25 Most Powerful Business Women in India eight times and is now a member of the Hall of Fame of the Most Powerful Women. She has been a part of public policy related to health care which led to major policy changes that help reduce the spread of life-threatening diseases.

a)KiranMazumdar-Shaw

b)EktaJeetendra Kapoor

c)Dr. Swati Piramal

d)Farah Khan

Answer: C

15Q. She’s the founder and mentor of the VLCC, India’s leading slimming, beauty and fitness brand, and one with seven outlets in Abu Dhabi, Dubai and Sharjah. She facilitates professional development through her vocational training school, the VLCC Institute of Beauty, Health & Management, which currently has 43 campuses in 35 cities.

a)VandanaLuthra

b)Farah Khan

c)EktaJeetendra Kapoor

d)RajshreePathy

Answer: A

16Q.Contribution of women entrepreneurs in economic development of a country is ______.

a)Improvement in per capita income

b)Balanced regional development

c)Improvement in living standards

d)Capital formation

e)All the above

Answer: E

17Q. State Industrial and Development Bank of India (SIDBI) has NOT introduced following schemes to assist the women entrepreneurs.

a)Mahila UdyamNidhi

b)Mahila VikasNidhi

c)Women Entrepreneurial Development Programmes

d)Marketing Development Fund for Women

Answer: C

18Q.The following training schemes specially for the self - employment of women are introduced by government:

a)Support for Training and Employment Programme of Women (STEP).

b)Small Industry Service Institutes (SISIs)

c)Small Industrial Development Bank of India (SIDBI)

d)District Industrial Centres (DICs)

Answer: C

19Q. ______has developed mahilavikasnidhi for the entrepreneurial development of women especially in rural areas.

a)IDBI

b)SIDBI

c)NABARD

d)SIDO

Answer: A

20Q. ______was set up to grant micro credit to poor women at reasonable rates of interest with very low transaction costs and simple procedures.

a)Mahila VikasNidhi

b)Rashtriya Mahila Kosh

c)SwarnaJayanti Gram SwarozgarYojana

d)Prime Minister RozgarYojana (PMRY)

Answer: A

1Q.”A Project typically has a distinct mission that it is designed to achieve and a clear termination point, the achievement of the mission”, is given by

a)Encylopaedia of Management

b)Gillinger

c)Newman

d)Schumpeter

Answer: C

2Q.”As the whole complex of activities involved in using resources to gain benefit”, is given by

a)Encylopaedia of Management

b)Gillinger

c)Newman

d)Schumpeter

Answer: B

3Q.Which of the following is NOT a Techno-Economic project

a)Magnitude-Oriented

b)Factor Intensity-Oriented

c)Causation-Oriented and

d)Social Service

Answer: D

4Q.Which of the following is NOT a characteristic of a project

a)Lifespan

b)teamwork

c)certainty

d)successive principle

Answer: C

5Q.Projects for which a plausible quantitative assessment of benefits can be made is a ______project.

a)Sectoral projects

b)Techno-economic projects

c)Quantifiable projects

d)Non-Quantifiable Projects

Answer: D

6Q.Which of the following is NOT undertaken in project planning.

a)Direction of performance

b)Acting as a medium of communication

c)Arousing consciousness about the importance of the work

d)Project appraisal

Answer: D

7Q.Identify the methods not followed in project planning adopted in formulating the project plan.

a)Planning for project work

b)Organisation of manpower planning

c)Man power planning

d)Planning the information system

Answer: C

8Q.Which of the following is NOT required in preparation of project planning.

a)Direction of performance

b)Possibility of performance

c)Optimum utilization of resources

d)Variation in control

Answer: D

9Q.Arrange the following stages in sequential order in the process of formulation or development of any project.

  1. Feasibility analysis
  2. Techno-economic analysis
  3. Designing a project
  4. Input (resource) analysis
  5. Financial analysis
  6. Social cost benefit analysis and
  7. Project appraisal

a)i,ii,iii,iv,v,vi,viib) iii,ii,i,iv,v,vii,vic) vii,vi,v,iv,iii,ii,id) v,vi,vii,iv,iii,iii,i

Answer: A

10Q.Project formulation involves about the desirability of proceeding further and investing time, money and energy in pre-investment studies. This stage is known as______.

a)Social cost-benefit analysis

b)Techno-economic analysis

c)Feasibility analysis

d)Financial analysis

Answer: C

11Q.An entrepreneur or a firm systematically appraise the environment and assess its competitive abilities is called as______.

a)Financial Analysis

b)Environment appraisal

c)Corporate appraisal

d)Feasibility analysis

Answer: B

12Q.A realistic appraisal of corporate strengths and weaknesses is essential for identifying investment opportunities which can be profitably exploited is called as ______.

a)Financial Analysis

b)Environment appraisal

c)Corporate appraisal

d)Feasibility analysis

Answer: C

13Q.Which of the following is NOT considered as the broad area as corporate appraisal.

a)Marketing and Distribution

b)Production and Operations

c)Research and Development

d)Finance and Accounting

e)All the above

Answer: E

14Q______is a written statement of what an entrepreneur proposes to take up. It is a kind of course of action what the entrepreneur hopes to achieve in his business and how he is going to achieve it.

a)Project appraisal

b)Project report

c)Feasibility analysis

d)None of the above

Answer: B

15Q.Choose the odd one in contents of a project report in the following list.

a)Promoter

b)location

c)land and building

d)project appraisal

Answer: D

16Q. ______is the means of assessment of a project. It is made for both proposed and executed projects.

a)Financial Analysis

b)Project report

c)Project appraisal

d)Feasibility analysis

Answer: C

17Q.Financial institutions carry out ______to assess its creditworthiness before extending finance to a project.

a)Feasibility study

b)Project appraisal

c)Ecological analysis

d)Cost analysis

Answer: B

18Q. Appraisal of a proposed project does not includes the following analysis

a)Economic analysis

b)Financial analysis

c)Market analysis

d)Performance Appraisal

Answer: D

19Q.Before the production actually starts, the entrepreneur needs to anticipate the possible market for the product. He has to anticipate who will be the possible customer for his product and where his product will be sold.

a)Economic analysis

b)Financial analysis

c)Market analysis

d)Technical analysis

Answer: C

20Q.______implies the adequacy of the proposed plant and equipment to prescribed norms. It should be ensured whether the required know how is available with the entrepreneur.

a)Financial Analysis

b)Economic analysis

c)Technical analysis

d)Market analysis

Answer: C

1Q.Entrepreneurship Development Institute of India was set up as an autonomous body under the Societies Registration Act on ______.

a)April 16, 1983

b)April 20, 1983

c)April 05, 1983

d)April 25, 1983

Answer: B

2Q.Developing and disseminating new knowledge and insights in entrepreneurial theory and practice through research is the objective of ______.

a)NABARD

b)SSI

c)SIDO

d)EDI

Answer: B

3Q.Imparting greater vitality and growth impetus to the small, tiny and village enterprises in terms of output, employment and exports and instilling a competitive culture based on heightened technology awareness is the objective of ______.

a)IIE

b)SSI

c)SIDO

d)EDI

Answer: C

4Q.It is an apex body for assisting the Ministry in formulating, coordinating, implementing and monitoring policies and programmes for the promotion and development of small scale industries in the country and is headed by the Development commissioner (SSI).

a)IFCI

b)SIDO

c)SISI

d)NABARD

Answer: B

5Q.Which of the following is correct abbreviation of NIESBUD

a)National Institute for Enterprise and Small Business Development

b)National Institute for Entrepreneurship and Small Business Development

c)Non Institutional Support for Business Development

d)National Enterprise for Business Development

Answer: B

6Q.NIESBUD was established in the year

a)1983

b)1860

c)1950

d)1990

Answer: A

7Q.Which of the following is not a promotional programmes of SISIs

a)Economic Consultancy/Information/EDP Consultancy

b)Trade and market information

c)Project profiles

d)Financial Assistance

Answer: D

8Q.______are setup to provide consultancy and training to small entrepreneurs both existing and prospective.

a)DICs

b)SISIs

c)SSIB

d)SSIDC

Answer: B

9Q.______conducts industrial potential surveys keeping in view the availability of resources in terms of material and human skill, infrastructure, demand for product, etc.

a)SISIs

b)SSIDC

c)IFCI

d)DICs

Answer: D

10Q.Which of the following is NOT the function of SISIs.

a)To serve as interface between Central and State Government

b)To render technical support services

c)To conduct Entrepreneurship Development Programmes

d)To initiate promotional programmes

e)None of the above

Answer: E

11Q.Which of the following is a Promotional Institutions.

a)Industrial Development Bank of India

b)Industrial Finance Corporation of India

c)Technical Consultancy Organization

d)Industrial Credit and Investment Corporation of India

Answer: C

12Q.The role of DIC’s is to

a)Technical support for preparation of project report