11
Which is a social feature of entrepreneur?
A)
Fair behaviour
B)
Helpful
C)
Respectful
D)
All of these
Answer & Solution
Answer: Option
D
12
Which is the cause of emergence of Entrepreneurship?
A)
Environmental factors
B)
Socio-cultural factors
C)
Individual factors
D)
All of the above
Answer & Solution
Answer: Option
D
13
The entrepreneur utilizes the resources through
A)
Identifying and evaluating the opportunity
B)
Developing a business plan
C)
Implementing the business plan
D)
Manage the enterprise
Answer & Solution
Answer: Option
A
14
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) was set up by Government of India and which of the following bank?
A)
RBI
B)
NABARD
C)
SIDBI
D)
MUDRA
Answer & Solution
Answer: Option
C
15
Federation of Associations of Small Industries of India (FASII) promoted in 1959 is which one of the following type?
A)
Government organisation
B)
Liaisoning organisation
C)
Small scale unit
D)
SSI Board
Answer & Solution
Answer: Option
B
16
Which of the following statements about the entrepreneurial climate is (are) true?
A)
Trial and error are discouraged
B)
Resources of the firm need to be available and easily accessible
C)
A multi-disciplinary approach is discouraged
D)
Failure are not allowed
Answer & Solution
Answer: Option
B
17
The entrepreneur in an advanced economic is an individual who . . . . . . . . something new into the economy - a method of production not yet tested by experience in the branch of manufacture concerned, a product with which consumers are not yet familiar, a new source of raw material, new markets and the like.
A)
Introduces
B)
Produced
C)
Reduced
D)
Increased
Answer & Solution
Answer: Option
A
18
Which of the following is NOT essential part of the contract?
A)
All the parties involved should be named
B)
Transaction should be described in detail
C)
Obtain signatures of the persons involved
D)
Place where contract takes place
Answer & Solution
Answer: Option
D
19
Match the following
List-I (Types of Motives) List-II (Features)
a. Competence motives
1. Closely tied to the learning concepts.
b. Secondary motives
2. Concerned with security regarding life, accident, love, job, etc.
c. Security motives
3. Concerned with achieving status or rank in a group, organisation or society.
d. Status motives
4. Show direct selectivity and persistence in interacting with environment.
A)
a-1, b-2, c-3, d-4
B)
a-4, b-1, c-2, d-3
C)
a-2, b-3, c-4, d-1
D)
a-3, b-1, c-2, d-4
Answer & Solution
Answer: Option
B
20
Having more than 50% ownership position that provides the entrepreneur with managerial control is called
A)
Joint venture
B)
Majority interest
C)
Horizontal merger
D)
Diversified activity merger
Answer & Solution
Answer: Option
B
