81
"Poverty is an artificial creation, It does not belong to human civilisation and we can change that and can make people come out of poverty through redesigning our institutions and policies." This preamble refers to
A)
women entrepreneurship
B)
corporate entrepreneurship
C)
social entrepreneurship
D)
none of the above
Answer & Solution
Answer: Option
C
82
Assertion (A) The function of entrepreneurs is to reform or revolutionise the pattern of production by exploiting an invention or, more generally, an untried technological possibility for producting a new commodity or producing an old one in a new way.Reason (R) Lack of innovations will usually reduce the life span a product and/or
A)
Both (A) and (R) are correct and (R) is the correct explanation of (A)
B)
Both (A) and (R) are correct, but (R) is not the correct explanation of (A)
C)
(A) is correct, but (R) is incorrect
D)
(R) is correct, but (A) is incorrect
Answer & Solution
Answer: Option
B
83
Developing a new idea through inquiry and testing is called
A)
Heuristics
B)
Forced relationship
C)
Scientific method
D)
Value analysis
Answer & Solution
Answer: Option
C
84
Which is approach of 'Entrepreneurial Development Programme'?
A)
Human Resource Development Approach
B)
Technological Development Approach
C)
Industrial Development Approach
D)
All of the above
Answer & Solution
Answer: Option
D
85
The form of entrepreneurship can be
A)
market innovation
B)
production innovation
C)
technological innovation
D)
All of the above
Answer & Solution
Answer: Option
D
86
Degree of influence and control on other people is called
A)
Locus of control
B)
Locomotion of control
C)
Locust of control
D)
Loss of control
Answer & Solution
Answer: Option
A
87
Which statement is true?
A)
The term economic organisation, means an organisation whose purpose is to allocate scarce resources
B)
The term creation implies a founding an origin
C)
Entrepreneurship is the creation of an innovative economic organisation for the purpose of gain or growth under conditions of risk and uncertainty
D)
All of the above
Answer & Solution
Answer: Option
D
88
An industrial unit, accordingto RBI, is sick if
A)
incurred cash loss in the previous year
B)
likely to incur loss in the following year
C)
current ratio is less than 1 : 1 with weak debt-equity ratio
D)
all of the above
Answer & Solution
Answer: Option
D
89
Which is not tlie objective of entrepreneurship?
A)
Minimum risk burden
B)
Establishing self-sufficient society
C)
Maximise social problems
D)
All of the above
Answer & Solution
Answer: Option
C
90
Match the following
List-I (Source of Finance) List-II (Elements)
a. Customer's Advance
1. Order Booking
b. Financial Companies
2. ICICI Bank
c. Distributor's Advances
3. Security
d. Trade Credit
4. Bill of Exchange
5. Depreciation Fund
A)
a-1, b-2, c-4, d-5
B)
a-3, b-4, c-2, d-1
C)
a-1, b-2, c-3, d-4
D)
a-5, b-1, c-4, d-3
Answer & Solution
Answer: Option
C
