MCQ Questions on Entrepreneurship Development
31. Which of the following might be termed a disadvantage faced by the small business?
A. Greater flexibility
B. Greater ability to serve specialized markets
C. Extreme personal commitment of the owner
D. More personal service
Answer-B
32. The financial assistance to small business provided by the Small Business Administration
takes the form of:
A. direct loans
B. guidance in locating lenders
C. loan guarantees
D. assistance in filling out paperwork
Answer-D
33. Key features of a well written business plan would include all of the following except:
A. financial plan
B. qualifications of the owner
C. an analysis of the market
D. a review of the advertising firms analyzed
Answer-B
34. EDPs course contents contain ___________.
A. General introduction to entrepreneurs.
B. Motivation training.
C. Managerial skills.
D. All the above
Answer-D
35. MSME is defined under which act?
A. MSMED Act 2006
B. MSMED Act 2001
C. MSMED Act 1999
D. MSMED Act 2004
Answer-A
36. MSMEs are important for the Nation's Economy because they significantly contribute to
A. Industrial Production
B. Exports
B. Exports
C. Employment
D. All of the above
Answer-D
37. Investment Limit of a Micro Enterprise under manufacturing sector does not exceed
_____lakhs.
A. 10
B. 20
C. 25
D. 50
Answer-C
38. The manufacturing enterprises are defined in terms of investment in ___________.
A. Furniture
B. Stock
C. Plant & machinery
D. None of these
Answer-C
39. Which of the following is not considered while selecting the region?
A. Law and order
B. Price of land
C. Availability of raw materials
D. Proximity to the product market
Answer-B
40. Which one of the following is the step involved in setting up a new enterprises?
A. Creating a business plan
B. Making a product choice
C. Selecting the location
D. Setting up infrastructure
Answer-D
41. Which of the following is the key factor for choosing the type of financing?
A. Availability of funds
B. Assets of the venture
C. Prevailing interest rates
D. All of the given options
Answer-D
42. Following is not involved in EDP
A. Identification of entrepreneurs for training
B. Selection of entrepreneurs for training
C. Developing entrepreneurial capabilities
D. Arranging infrastructural facilities
Answer-D
43. The distinction between an "entrepreneur" and "small business owner" , if made, revolves
around:
A. really nothing; they are truly one and the same
B. the Small Business Administration definitions
C. whether the business is an Internet based one or not
D. the risk taking or re-invention of a business vs. someone who "simply" starts a
business or buys an existing one
Answer-B
44. Which of the following is not a main element of the project management process?
A. Estimation.
B. Schedule.
C. Monitor.
D. Systems design.
Answer-D
45. SBA stands for:
A. Small business accountants
B. Small business administration
C. Small business adequacy
D. Small business advisors
Answer-B
46. EDPs course contents contains ___________.
A. General introduction to entrepreneurs.
B. Motivation training.
C. Managerial skills.
D. All the above
Answer-D
47. EDII was developed by the
A. Government of India
B. State Government
C. All India Financial Institutions
D. Public sector banks
Answer-C
48. NIESBUD was established in
A. 1980
B. 1983
C. 1986
D. 1989
Answer-B
49. ________ is the first development bank of the country.
A. ICICI.
B. IDBI.
C. SFC.
D. IFCI
Answer-D
50. State Industrial corporations engage in the development of__________.
A. industrial estates.
B. institutional estates.
C. individual investors.
D. agricultural entrepreneurs.
Answer-A
51. SIDBI was set up as a subsidiary of_________.
A. IDBI.
B. IFCI.
C. ICICI.
D. SFC
Answer-A
52. Which of the following is a function of SIDBI?
A. Extension of seed capital.
B. Discounting of bills.
C. Providing factoring services.
D. All of the above
Answer-D
53. A provisional SSI registration certificate is valid for a period of __________.
A. four Years.
B. three Years.
C. two Years.
D. one year.
Answer-D
54. DGTD stands for __________.
A. Directorate General of Technical Development.
B. District General of Technical Development.
C. District General of Taxation Deduction.
D. Directorate General of Taxation Deduction
Answer-A
55. National Alliance of Young Entrepreneurs (NAYE) Sponsored an Entrepreneurial
Development scheme with Bank of India in______________.
A. January 1920.
B. August 1920.
C. January 1972.
D. August 1972.
Answer-D
56. The application for registration of a small scale unit should be submitted to the _______ .
A. General manager, DIC.
B. Director, DIC.
C. General manager. NSIC.
D. Director, NSIC.
Answer-A
57. District Industries Centres are located ____________.
A. in each district.
B. in each state.
C. only in selected districts.
D. only in selected states
Answer-A
58. The purpose of soft loan scheme is to encourage units to undertake ___________.
A. modernization of plant and machinery.
B. replacement of plant and machinery.
C. renovation of plant and machinery.
D. all the above
Answer-D
59. EXIM bank is a __________.
A. State-level institution.
B. Regional -level institution.
C. All India institution.
D. International institution.
Answer-C
60. DIC is headed by General Manager in the rank of ___________.
A. Joint Director of industries.
B. Assistant Director of industries.
C. Non-departmental officer.
D. Departmental officer.
Answer-A
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