🔥 Rapid Fire: Entrepreneurship Development

Rapid Fire : Entrepreneurship Development

Unit X : Entrepreneurship Development

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1) a- I, b- IV, c- II, d- III

2) a- III, b- I, c- IV, d- II

3) a- II, b- IV, c- III, d- I

4) a- IV, b- I, c- III, d- II

Which of the statements are true of innovations?

a. Innovations are a must to survive in business
b. Discontinuous innovations lead to failures
c. Continuous innovations do not disrupt established usage and behavior patterns
d. Line extensions are discontinuous innovations
e. hi discontinuous innovations, there is a change not only in technology but also in behavioral patterns of usage and consumption

Choose the correct answer from the options given below:

1) b, c and d only

2) c, d and e only

3) a, b, d and e only

4) a, c and e only

Which of the following are not directly financing small scale industries ?

A. Small Industries Development Bank of India (SIDBI)
B. World Bank
C. Industrial Development Bank of India (IDBI)
D. International Monetary Fund (IMF)
E. National Small Industries Corporation Ltd. (NSIC)

Choose the most appropriate answer from the options given below :

1) A and C Only

2) A and E Only

3) B, C and D Only

4) A and B Only

Statement I: All ideas are opportunities.
Statement II: An opportunity is an idea that has the qualities of being attractive, durable, and timely.

Which of the following options is correct?

1) Both the statements are correct

2) Statement I is correct while Statement II is incorrect

3) Statement I is incorrect while Statement II is correct

4) Both the statements are incorrect

Innovative small firms are more likely to be in existence in which of the following sectors?

I. Knowledge — based services
II. Biotechnology
III. Information technology
IV. Automobiles
V. Cement

Choose the most appropriate answer from the options given below:

1) I, III only

2) II, V only

3) III, IV, V only

4) IV, V only

Sequence the innovation adoption process that consists of 5 stages which potential consumers pass through while attempting to arrive at a decision to try or not to try an innovative product.

(1) Consumer tries the innovation
(2) Consumer undertakes a "mental trial" of the innovation
(3) Consumer decides to use the innovation repeatedly
(4) Consumer becomes interested in the innovative product
(5) Consumer gets aware about the existence of the innovation

Choose the correct answer from the options given below:

1) 4, 2, 1, 3, 5

2) 2, 4, 1, 5, 3

3) 5, 4, 2, 1, 3

4) 3, 1, 2, 5, 4

Co-operative credit system in India mainly consists of:

(A) The short-term agricultural credit institutions.
(B) The long-term agricultural credit institutions.
(C) The non-agricultural credit co-operatives.
(D) The short-term industrial credit institutions.

Choose the correct answer from the options given below:

1) (A), (B) Only

2) (A), (B), and (C) Only

3) (A), (C), and (D) Only

4) (B), (C), and (D) Only

Arrange the financial institutions according to their formation from latest to earliest.

A. Industrial Finance Corporation of India
B. Regional Rural Bank
C. National Bank for Agriculture and Rural Development
D. National Industrial Development Corporation
E. The Reserve Bank of India.

Choose the correct answer from the options given below:

1) A, B, C, D, E

2) C, B, D, A, E

3) B, D, E, C, A

4) B, C, A, D, E

“Udyam Assist Platform” developed by the SIDBI cater to which of the following enterprises?

1) Export Oriented Enterprises

2) Medium Enterprises

3) Informal Micro Enterprises

4) Small Enterprises

Disruptive Innovations in business are those that

1) Involve often, new technology or a new business model to offer value to the market.

2) Create new market by offering value products.

3) Displace established market leading firms, Products and alliances.

4) All the above.

What is the social enterprise concerned with?

a. Profit maximisation
b. Maximising market share
c. Providing public services
d. Running a business to create social benefits
e. To maximise improvements in financial, social and environmental wellbeing.

Choose the most appropriate correct answer from the options given below:

1) a, b, d and e only

2) a, d and e only

3) d and e only

4) c, d and e only

Which of the following institute is not promoting entrepreneurship in India ?

1) Entrepreneurship Development Institute (EDI)

2) National Small Industries Corporation (NSIC)

3) Institute for Design of Electrical Measuring Instruments (IDEMI)

4) National Institute for Entrepreneurship and Small Business Development (NIESBUD)

Which options from the following combine to suggest that a small-scale industrial unit is sick?

A. Borrowal Accounts of the unit remains substandard
B. Erosion of the net worth due to accumulated losses
C. The unit has been in commercial production for at least two years
D. Lack of commitment from the management part
E. Competitors are flourishing

Choose the correct answer from the options given below:

1) A, C, D and E only

2) A, B and C only

3) A, B and D only

4) B, C and D only

Amongst the following options, what are inclusive of the opportunity recognition process?

A. Risk taking ability
B. Prior knowledge of markets and customer problems
C. Entrepreneurial alertness
D. Networks
E. Availability of job opportunities

Choose the correct answer from the options given below:

1) A, B, D and E only

2) A, B and C only

3) A, C and D only

4) B, C and D only

Which of the following is the example of Social Entrepreneurship ?

1) Hyundai

2) PFL

3) Sulabh International

4) HUL

Entrepreneurs who are characterized by a refusal to adopt opportunities and make changes in production systems even if it affects the returns of the organization are called

1) Fabian Entrepreneurs

2) Drone entrepreneurs

3) Life timers entrepreneurs

4) Imitative entrepreneurs

Who has propounded the 'Theory of Opportunities and Innovation' of Entrepreneurship?

1) Rebert R. Blare

2) Frank H. Knight

3) Frank W. Young

4) Peter F. Drucker

The cooperative bank came into existence with the enactment of the Co-operative Credit Societies Act, 1912. Which among the following does not come under the structure of cooperative bank?

1) Land Development Bank

2) Regional Rural Bank

3) Primary Agricultural Credit Societies

4) State Co-operative Bank

Marketing support/assistance to MSMEs for Bar code allows

1) Reimbursement of 75% of the recurring fees for first three years paid by MSMEs to GS1 India for bar-coding.

2) Reimbursement of 75% of the onetime registration fees and 75% of the annual recurring fees for the first three year paid by MSMEs to GS1 India for bar coding.

3) Reimbursement of 75% of the onetime registration fees only paid by MSMES to GS1 India for bar-coding.

4) Reimbursement of 80% of the onetime registration fees and 80% of the annual recurring fees for first three year paid by MSMEs to GST India for bar coding.

What is the primary objective of a feasibility study?

1) To uncover strength and weakness of a business idea

2) To outline the technical development process

3) To persuade investors to fund a project

4) To assess the historical background of a business

Which of the following is NOT a source of opportunity identification?

1) Friends and relatives

2) Policy Documents

3) Dealers and Distributors

4) Employees and ex-employees

What can lead to the withdrawal of status respect according to Hagen's theory of Entrepreneurship?

1) Perception that efforts and purposes are highly valued

2) Perception that efforts and purposes are not valued by others

3) Belief in the stability of status symbols

4) Increased recognition from the group

Which of the following Financial Institutions does not provide/belongs to short term agricultural credit?

1) Primary Agricultural Credit Societies

2) State Co-operative Bank

3) Central Co-operative Bank

4) Central Co-operative Land Mortgage Bank

1) A-I, B-III, C-IV, D-II

2) A-III, B-I, C-II, D-IV

3) A-II, B-III, C-IV, D-I

4) A-I, B-II, C-IV, D-III

Consumers who are open to new ideas and are among the first to try new products, services or practices are called as -

1) Innovators

2) Laggards

3) Dogmatic

4) Early Majority

Out of the following, the examples of radical innovations are:

1. Personal Computers
2. Frozen Yogurt
3. Disposable diapers
4. Overnight mail delivery
5. Microwave popcorn

Choose the correct answer from the options given below:

1) 2, 4 and 5 only

2) 1, 2 and 3 only

3) 1, 3 and 5 only

4) 1, 3 and 4 only

As per RBI guidelines (2008), an MSME is considered to have reached the stage of incipient sickness if the following events are triggered:

(a) When there are cost overruns because of delay in commencement of commercial production by more than 6 months
(b) The enterprise incurs losses for 2 years or cash loss for one year
(c) The capacity utilization is less than 50 percent of the projected level in terms of sales
(d) There is an erosion in the net worth due to accumulated cash losses to the extent of 50 percent of net worth during the previous accounting year

Which one of the following is correct?

1) (a), (b) and (c) only

2) (a) and (b) only

3) (b) and (c) only

4) (a), (b), (c) and (d)

Arrange the Institutions for entrepreneurship development with the year of establishment from earlier to latest.

A. Small Industries Development Organisation (SIDO)
B. World Association of Small and Medium Enterprises (WASME)
C. Entrepreneurship Development Institute of India (EDII)
D. National Small Scale Industries Corporation (NSIC)
E. Indian Council of Small Industries (ICSI)

Choose the correct answer from the options given below:

1) A, C, B, D, E

2) C, D, A, B, E

3) A, D, E, B, C

4) B, A, C, D, E

Out of the following, which are the most common errors committed by Entrepreneurs?

(1) To anticipate roadblocks
(2) No commitment or dedication
(3) Proposing market niche (Segment)
(4) Lack of demonstrated experience
(5) No realistic goals

Choose the correct answer from the options given below:

1) 3, 4 and 5 only

2) 2, 4 and 5 only

3) 2, 3, 4 and 5 only

4) 1, 2 and 3 only

Given below are two statements, one is labelled as Assertion A and the other is labelled as Reason R:

Assertion ‘A’: A stereotyped and male-centered vision discourages some women from participating in business activities that could have a consequence on people who interact with women at the community level.
Reason ‘R’: Attributions of the society and the different socialisation processes relating to men and women may create obstacles for women due to unequal distribution of assets and services.

In light of the above statements, choose the correct answer from the options given below:

1) A is true but R is false

2) Both A and R are true and R is the correct explanation of A

3) A is false but R is true

4) Both A and R are true but R is NOT the correct explanation of A

1) (A)-(II), (B)-(III), (C)-(I), (D)-(IV)

2) (A)-(II), (B)-(I), (C)-(IV), (D)-(III)

3) (A)-(I), (B)-(II), (C)-(III), (D)-(IV)

4) (A)-(IV), (B)-(III), (C)-(II), (D)-(I)

1) A-(i), B-(iv), C-(iii), D-(ii)

2) A-(ii), B-(iv), C-(i), D-(iii)

3) A-(iii), B-(ii), C-(iv), D-(i)

4) A-(iv), B-(iii), C-(i), D-(ii)

The statement that entrepreneurship is the mother of foresights and willingness to assume risks in undertaking particularly a new one, who has said above the underlined portion of the statement

a. Richard Cantillon
b. Leon Walras
c. William Diamond
d. Peter f ducker
e. J. A Schumpeter

Choose the correct answer from the options given below:

1) b and c only

2) c and e only

3) a and c only

4) d and e only

Which national institute has set up/established a 'Centre for Research in Entrepreneurship Education and Development (CREED)' with the objective to broaden the frontier of entrepreneurship research?

1) Indian Institute of Management, Ahmedabad

2) Institute of Rural Management, Anand

3) Delhi University

4) Entrepreneurship Development Institute of India

Feasibility analysis is the process of determining if a business idea is viable. It consists of four areas of feasibility analysis. Identify the correct combination.

1) Industry/target market feasibility; Organizational feasibility; Financial feasibility; Leadership feasibility

2) Financial feasibility; Product/service feasibility; Industry/target market feasibility; Organizational feasibility

3) Industry/target market feasibility; Organisational feasibility; Human resource feasibility; Leadership feasibility

4) Product/service feasibility; Industry/target market feasibility; Organizational feasibility; Human resource feasibility

Diffusion of innovation theory is associated with:

1) Peter Drucker

2) Everett Rogers

3) Schumpeter

4) Fredrick Taylor

"Innovation is the specific instruments of entrepreneurship-the act that endows resources with a new capacity to create wealth" who said this?

1) J. A. Shumpeter

2) Peter Drucker

3) Frank W. Young

4) Frank H. Knight

Reason(s) for sickness in small industries in India are:

I. Minimal use of artificial intelligence in business
II. Inability to cope up with large market size
III. Lack of innovation and technology focus
IV. Direct and indirect competition from foreign players
V. Absence of regulatory support

Choose the most appropriate answer from the options given below:

1) I, IV, V only

2) II, III, IV only

3) II, IV, V only

4) I, II, III only

The scheme, which has been launched by the MSME Ministry to access the capabilities and credit worthiness of the micro and small enterprises (MSEs), is called:

1) Technology upgradation scheme

2) Zero defect zero effect certification

3) Performance and credit rating scheme

4) Performance and economic rating scheme

Under the Sick Industrial Companies (Special Provision) Act, 1985. A Sick Industrial Company means

1) Being a company registered for not less than five years which has at the end of any financial year accumulated losses exceeding its entire net worth.

2) Being a company, which has accumulated losses equal to its entire net worth.

3) Being a company registered for not less than 10 years, which has at the end of any financial year accumulated losses equals to 50 % of its net worth.

4) Being a company which immediately after start, has accumulated losses which eats up 50 % of its entire net worth.

Which of the following classifications have been made of enterprises (Industries) under the Micro, Small and Medium Enterprises Development (MSMED) Act?

A. Micro Enterprises
B. Small Enterprises
C. Medium Enterprises
D. Tiny Enterprises
E. Large Enterprises

Choose the correct answer from the options given below:

1) A, B, C only

2) A, C, D only

3) A, B, E only

4) B, C, D only

Match List - I with List - II :

List - I [Women Entrepreneur]
A. Richa Kar
B. Kiran Mazumdar Shaw
C. Kalpana Saroj
D. Falguni Nayar

List - II [Enterprise]
I. Zivame
II. Kamani Tubes
III. Biocon Limited
IV. Nykaa

Choose the correct answer from the options given below :

1) A-I, B-III, C-II, D-IV

2) A-I, B-III, C-IV, D-II

3) A-I, B-II, C-III, D-IV

4) A-I, B-IV, C-II, D-III

What is the sequence of consumer readiness to try new products?

A. Early majority
B. Early Adopters
C. Innovators
D. Laggards
E. Late Majority

Choose the correct answer from the options given below:

1) B, C, D, A, E

2) C, B, E, A, D

3) C, B, A, D, E

4) C, B, A, E, D

International Cooperation scheme under marketing promotion scheme to MSME entrepreneurs are available for what kind of activities?

a. Participation in international exhibitions and trade fairs
b. Giving advertisement in international trade journals
c. Participation in buyer seller meets in foreign country
d. For meeting overseas agents and negotiating business
e. For availing overseas grants and aids

Choose the most appropriate answer from the options given below:

1) a and c only

2) a, b and c only

3) c, d and e only

4) a, c and d only

In which of the following Association/organisation Ela Bhatt is associated?

1) Mukta Services

2) Avya Global Connect

3) Lijjat Papad

4) Self Employed Women's Association

Which of the following is one of the five main factors given by E. M. Rogers that influence adoption of an innovation?

1) Trialibility

2) Flexibility

3) Accountability

4) Salability

In which institutions of women entrepreneurship Jyoti Jeevan Naik was associated?

1) Jivika

2) Sahkari Mahila Gram Samittee

3) Self-employed Women’s Association

4) Shri Mahila Griha Udyog Lijjat Papad

Currently, the country with the highest level of entrepreneurial activity, represented by Global Entrepreneurship Index is:

1) US

2) Norway

3) Korea

4) Australia

1) A-I, B-III, C-II, D-IV

2) A-III, B-I, C-II, D-IV

3) A-II, B-I, C-IV, D-III

4) A-IV, B-I, C-II, D-III

1) a-i, b-ii, c-iii, d-iv

2) a-iv, b-iii, c-ii, d-i

3) a-ii, b-iv, c-i, d-ii

4) a-iv, b-iii, c-i, d-ii

Match List I with List II

List I – Company
A. Alliance air
B. Delhivery
C. Ixigo
D. Kuoni

List II – Nature of business
I. Swiss travel group
II. Online travel company
III. State owned regional carrier
IV. New age logistic and supply chain start up

Choose the correct answer from the options given below:

1) A-I, B-IV, C-III, D-II

2) A-II, B-IV, C-I, D-III

3) A-III, B-II, C-IV, D-I

4) A-III, B-IV, C-II, D-I

Entrepreneurs are motivated to start business enterprise because of various factors:

(a) Ambitious factors
(b) Compelling factors
(c) Facilitating factors
(d) Family factors

Which of the following options is correct?

1) (a), (b) and (c) only

2) (a) and (d) only

3) (a), (b), (c) and (d)

4) (a) and (c) only

Choose the correct sequence from the given steps of enterprise registration process:

A. Obtaining a digital signature certificate
B. File for incorporation
C. Deciding your business structure
D. File for name approval

Choose the correct answer from the options given below:

1) C, B, D, A

2) A, B, D, C

3) C, A, D, B

4) A, D, C, B

From the following options, choose the correct sequence of parts of a business plan that ideally come after one another.

A. Executive summary
B. Management and organization plan
C. Description of Business
D. Financial plan

Choose the correct answer from the options given below:

1) A, C, B, D

2) C, B, A, D

3) A, B, C, D

4) C, B, D, A

Which out of the following is the principal financial institution for the promotion, financing and development of industries in the small scale sector and to coordinate the functions of other institutions engaged in similar activities?

1) Small Industries Development Bank of India

2) Industrial Finance Corporation of India Limited

3) Infrastructure Development Finance Company Limited

4) Industrial Development Bank of India

Innovation in text and voice messaging is an example of what type of innovation. Choose one option from the following:

1) Ordinary Innovation

2) Radical Innovation

3) Breakthrough Innovation

4) Technological Innovation

Entrepreneurs in general are ______ obsessed and ______ balanced?

1) Creativity, Innovations

2) Profit, Creativity

3) Innovation, Risk

4) Opportunity, Leadership

Which of the following enterprises is NOT eligible for Udyog Aadhar registration with Ministry of Micro, Small and Medium Enterprises, Government of India?

1) Small enterprise in services sector with an investment in equipment of Rs 1.50 crores

2) Micro enterprise in manufacturing sector with an investment in plant and machinery of Rs 20 Lacs

3) Small enterprise in manufacturing sector with an investment in plant and machinery of Rs 3.5 Crores

4) Medium enterprise in manufacturing sector with an investment in plant and machinery of Rs 15 crores

The major problems faced by rural entrepreneurs are:

a. Rate of interest charged by commercial banks is too high
b. Inability to market their products and services
c. Lack of comprehensive training on required skills
d. Inability to handle cultural issues
e. Difficulty in opening bank accounts due to lack of documents

Choose the correct answer from the options given below:

1) a, d and e only

2) c, d and e only

3) b and c only

4) a and b only

Which amongst the following options relates to training as a developmental strategy for rural entrepreneurship?

1) Building modern infrastructure

2) Credit support

3) Skill enhancement

4) Harmonize government efforts

Which of the following are construed for government intervention to support entrepreneurship and small firms?

a. Stimulate demand and new venture creation in the emerging sectors.
b. Decentralised asset ownership and people participation.
c. Help firms to adopt new technology to avoid market failure.
d. Supporting women participation in business and high-tech firms.
e. Export promotion and currency stabilisation.

Choose the most appropriate answer from the options given below:

1) a, b and e only

2) a, c and d only

3) b, d and e only

4) c, d and e only

The correct sequence in a business plan can be

a. Executive summary
b. Details about entrepreneur
c. Marketing and economic details
d. Financial details
e. Human resource details

Choose the correct answer from the options given below:

1) b-c-a-e-d

2) a-b-e-d-c

3) b-c-e-d-a

4) a-b-c-d-e

Which type of Intrapreneur is known for generating innovative ideas and seeking ways to improve process?

1) Implementers Intrapreneur

2) Creator Intrapreneur

3) Doers Intrapreneur

4) Employee Intrapreneur

Which are the asset-related covenants adopted by financial institutions while granting a loan?

(a) Maintenance of working capital position in terms of a minimum current ratio
(b) Prohibition on disposal of promoters' shareholding
(c) Restriction on creation of further charge on asset
(d) Ban on sale of fixed assets without the lender's consonance

Which one of the following options is most appropriate?

1) (a), (b)

2) (a), (d)

3) (b), (c), (d)

4) (a), (c), (d)

Who has authored the book "the Third Wave"?

1) Toffler

2) Aldrich

3) Nilkant and Ram Narayan

4) Hammel and Prahlad

The MSMED Act to cover Micro, Small and Medium Industries in India was introduced in

1) Jun-06

2) Aug-08

3) Jun-05

4) Jun-07

Given below are two statements. One is labelled as Assertion ‘A’ and the other is labelled as Reason ‘R’.

Assertion ‘A’: Entrepreneurship has emerged as a focal point of policy in the majority of countries.
Reason ‘R’: Entrepreneurship contributes to job generation, innovation, and promotes social cohesion.

In the light of the above statements, choose the most appropriate answer from the options given below:

1) Both A and R are correct but R is NOT the correct explanation of A.

2) A is incorrect but R is correct.

3) Both A and R are correct and R is the correct explanation of A.

4) A is correct but R is incorrect.

A metaphor describing the time period in which a firm can realistically enter a new market is called:

1) Opportunity gap.

2) Opportunity fall

3) Opportunity recognition.

4) Window of opportunity.

Which of the following were two major criteria for the first official definition of small-scale industry coined in the year 1950?

1) The size of gross investment in fixed assets and the annual turnover

2) The size of gross investment in fixed assets and the strength of the workforce

3) The annual turnover and the annual profit

4) The strength of the workforce and the annual turnover

Match the List-I with List-II

LIST I: Name of Theories
A Theory of Opportunities and Innovation
B Theory of Profit
C Theory of Entrepreneurial Supply
D Psychoanalytic Theory

LIST II: Propounder
I Frank H Knight
II Peter F Drucker
III Sigmund Freud
IV Thomas Cochran

Choose the correct answer from the options given below:

1) A-I, B-III, C-II, D-IV

2) A-II, B-I, C-IV, D-III

3) A-II, B-III, C-IV, D-I

4) A-III, B-II, C-I, D-IV

NITI Aayog, GOI, has launched a scheme to develop an ecosystem for women entrepreneurship in India. Identify the scheme out of the following:

1) Naari Shakti Aayog

2) Women Empowerment Agency

3) Women Entrepreneurship Platform

4) Women Knowledge Center

1) (a)-(i), (b)-(iv), (c)-(iii), (d)-(ii)

2) (a)-(i), (b)-(ii), (c)-(iv), (d)-(iii)

3) (a)-(iii), (b)-(ii), (c)-(i), (d)-(iv)

4) (a)-(iii), (b)-(iv), (c)-(i), (d)-(ii)

Which of the following Institutions are providing micro finance services to the poor?

A. Conventional weaker section lending banks.
B. Microfinance Institution.
C. Self Help Group-bank linkage programme
D. EXIM banks

Choose the correct answer from the options given below:

1) B and C Only

2) C and D Only

3) A and B Only

4) A, B and C Only

Which type of Intrapreneur is/are task-oriented and dedicated to their work?

1) Doers Intrapreneur

2) Creator Intrapreneur

3) Employee Intrapreneur

4) Implementers Intrapreneur

Which of the following Financial Institutions receives short term and medium term credit from the NABARD?

A. Reserve Bank of India
B. Co-operative Banks
C. Land Development Banks
D. Regional Rural Banks

Choose the correct answer from the options given below:

1) A, B, C only

2) A, B, D only

3) A, C, D only

4) B, C, D only

Entrepreneur is an innovator playing the role of a dynamic businessman adding material growth to economic development,' is articulated by:

1) Joseph Schumpeter (1883-1950)

2) Lichtenstein and Lyons (2010)

3) Shane (2008)

4) Porter (1990)

Which type of Intrapreneur is known for generating innovative ideas and seeking ways to improve processes?

1) Creator Intrapreneur

2) Doers Intrapreneur

3) Employee Intrapreneur

4) Implementers Intrapreneur

Technical feasibility analysis will include which of the following?

1. Crucial technical specifications with respect to the design and product safety
2. Engineering requirements
3. Engineering requirements
4. Product testing
5. Product testing

Choose the correct answer from the options given below:

1) 1, 3, 4 and 5 only

2) 1, 2, 3, 4 and 5

3) 1, 2, 3 and 4 only

4) 2, 3, 4 and 5 only

Arrange the financial Institutions according to their formation from earlier to latest.

A. Indian Joint Stock Bank
B. National Industrial Development Corporation
C. Imperial Bank of India
D. The Reserve Bank of India
E. Industrial Finance Corporation of India

Choose the correct answer from the options given below:

1) A, D, C, E, B

2) A, C, D, E, B

3) A, B, D, E, C

4) B, C, E, D, A

Which of the following is not essential for nurturing Intrapreneurs ?

1) Learning Sign language

2) Building culture and climate

3) Building Competence

4) Building relationship

Which of the following are operational methodology of Self Help Group?

A. Village meeting of women in villages by MFI
B. Group formation
C. Group Training for 5-7 days on procedures and business development skills
D. Group meeting once in a week for mobilizing saving, disbursing and repaying loans
E. Lending money for long term loans

Choose the correct answer from the options given below:

1) A, B and C Only

2) A, B, C and D Only

3) B, C and D Only

4) B, C, D and E Only

Which among the following is a correct statement?

1) Intrapreneurship is the change initiative taken by a group of independent people.

2) Entrepreneur is an employee and intrapreneur is free and the leader of the operation.

3) Intrapreneur is an employee and entrepreneur is free and the leader of the operation.

4) Entrepreneurship is the change initiative taken within a going concern by the people working in the organisation.

Notable myths about Entrepreneurs and Entrepreneurship are

(1) Entrepreneurs are academics and social misfits
(2) Entrepreneurs must fit into an ideal profile
(3) Entrepreneurs are doers and thinkers
(4) All Entrepreneurs need is money
(5) Entrepreneurs are not born but made

Choose the correct answer from the options given below:

1) 1, 2, 3 and 4 only

2) 3, 4 and 5 only

3) 2, 3, 4 and 5 only

4) 1, 2 and 4 only

Which scheme on performance and credit rating has been launched by Union MSME Ministry to assess the credit worthiness and capabilities of industries in the sector?

1) Performance and Credit Rating Scheme

2) Zero Defect Scheme

3) Industrial Incentive Scheme

4) Certification Performance and Economy Rating Scheme

The following statements relate to Mudra Yojana:

Statement I: Mudra is an NBFC supporting development scheme of the micro enterprise sector in the country. It provides refinance support to Bank/MFIs for lending to micro units having loan requirements up to Rs. 20 lakh.

Statement II: Mudra has created different products/schemes for refinancing loans. These interventions have been named Shishu, Kishore, and Tarun and TarunPlus to signify the state of growth/development and funding needs of the beneficiary micro unit/entrepreneur.

Which of the following options is correct?

1) Statement II is correct, but I is incorrect

2) Statement I is correct, but II is incorrect

3) Both the statements I and II are incorrect

4) Both the statements I and II are correct

Sequence the following steps in the preparation of a versatile and seasoned business plan:

a. Industry and market analysis.
b. Operations, marketing plan, and financing.
c. Company and management team profiling.
d. Risk and contingency analysis.
e. Executive summary.

Choose the correct answer from the options given below:

1) e, c, a, b, d

2) d, a, c, b, e

3) c, b, a, d, e

4) a, b, d, c, e

Your score is

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