Which of the following aims to provide broad training to enable the trainee to take up a wide variety of tasks within their field of specialization?
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Correct answer: (C) Apprenticeship
1 marks · 2023 · Set A
Question 52
What does the term ‘working capital’ mean?
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Correct answer: (C) The difference between current assets and current liabilities
1 marks · 2023 · Set A
Question 53
_____ entrepreneurs are extremely task-oriented.
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Correct answer: (A) Technical
1 marks · 2023 · Set A
Question 54
What is the purpose of crowdfunding as a method of raising funds?
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Correct answer: (C) To raise funds from a large number of individuals through an online platform
1 marks · 2023 · Set A
Question 55
The MSME Development Act came into force in
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Correct answer: (A) 2006
1 marks · 2023 · Set A
Question 56
What is the purpose of bond markets?
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Correct answer: (B) Buying and selling of government debt securities
1 marks · 2023 · Set A
Question 57
Which of the following is not a type of personal barrier?
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Correct answer: (C) Loss by transmission and poor retention
1 marks · 2023 · Set A
Question 58
What is the role of a stock exchange in financial markets?
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Correct answer: (A) Facilitating the trading of stocks and other securities
1 marks · 2023 · Set A
Question 59
_____ refers to the structure of total capital funds raised by a company.
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Correct answer: (B) Capital structure
1 marks · 2023 · Set A
Question 60
The process that involves gauging a customer’s requirements and designing a product or service to serve those requirements is known as
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Correct answer: (C) Marketing
1 marks · 2023 · Set A
Question 61
Identify the correct sequence of steps to be followed in the trading procedure at a stock exchange.
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Correct answer: (C) Opening a trading account and demat account, placing an order, execution of order, settlement of order
1 marks · 2023 · Set A
Question 62
A name, term, design, symbol or any other feature that identifies one seller’s good or service as distinct from those of other sellers is known as
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Correct answer: (A) Brand
1 marks · 2023 · Set A
Question 63
Which of the following serves as an intermediary between the investor and the depository and is authorized to maintain accounts of dematerialized shares?
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Correct answer: (A) Depository participant
1 marks · 2023 · Set A
Question 64
An organized network of agencies and institutions which, in combination, perform all the functions required to link producers with end customers and accomplish the marketing task is known as
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Correct answer: (A) Channel of distribution
1 marks · 2023 · Set A
Question 65
Which of the following promotional tools is thought to be the most expensive to use?
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Correct answer: (C) Personal selling
1 marks · 2023 · Set A
Question 66
A consumer good and/or service (such as soap, candy bar and shoeshine) that is bought frequently, often on impulse, with little time and effort spent on the buying process, is known as
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Correct answer: (C) Convenience product
1 marks · 2023 · Set A
Question 67
Which of the following statements is false?
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Correct answer: (E) None of the above
1 marks · 2023 · Set A
Question 68
The degree to which an economic variable changes in response to a change in another economic variable is known as
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Correct answer: (A) Elasticity
1 marks · 2023 · Set A
Question 69
Which of the following statements is false?
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Correct answer: (C) Trademarks are protected under the Consumer Protection Act.
1 marks · 2023 · Set A
Question 70
The mix of controllable variables that a firm uses to reach the desired sales level in a target market is known as
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Correct answer: (A) Marketing mix
1 marks · 2023 · Set A
Question 71
Which of the following is not recognized as a misconception about entrepreneurship?
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Correct answer: (D) More than one of the above
1 marks · 2023 · Set A
Question 72
Products that are unknown to potential customers, or known products that customers do not actively seek, are known as
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Correct answer: (C) Unsought products
1 marks · 2023 · Set A
Question 73
Which of the following could provide an individual with the motivation to start a new business venture?
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Correct answer: (D) More than one of the above
1 marks · 2023 · Set A
Question 74
Arranging for a product to occupy a clear, distinctive and desirable place relative to competing products in the minds of the target market is known as
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Correct answer: (C) Market positioning
1 marks · 2023 · Set A
Question 75
What are the 6 C’s that motivate entrepreneurs to establish their own business?
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Correct answer: (A) Change, challenge, creativity, control, curiosity and cash
1 marks · 2023 · Set A
Question 76
An exclusive right granted for an invention, which is a product or process that generally provides a new way of doing something or offers a new technical solution to a problem, is known as
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Correct answer: (C) Patent
1 marks · 2023 · Set A
Question 77
“I really believe that entrepreneurship is about being able to face failure and succeed after failure.” Who said this?
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Correct answer: (A) Kiran Mazumdar-Shaw
1 marks · 2023 · Set A
Question 78
Which of the following is granted to anyone who invents or discovers a new and useful process, machine, article of manufacture or composition of matter, or a new and useful improvement thereof?
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Correct answer: (A) Utility patent
1 marks · 2023 · Set A
Question 79
_____ type of entrepreneurs are particularly important for underdeveloped countries because they contribute significantly to the development of such nations.
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Correct answer: (A) Adoptive
1 marks · 2023 · Set A
Question 80
Who can apply for patents?
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Correct answer: (D) More than one of the above
1 marks · 2023 · Set A
Question 81
Which one among the following is considered one of the important economic factors that determine entrepreneurial growth?
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Correct answer: (A) Market
1 marks · 2023 · Set A
Question 82
In consumer protection, what does complainant mean?
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Correct answer: (D) More than one of the above
1 marks · 2023 · Set A
Question 83
Which of the following is not a common myth about entrepreneurs?
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Correct answer: (D) More than one of the above
1 marks · 2023 · Set A
Question 84
A dispute where the person against whom a complaint has been made denies or disputes the allegation contained in the complaint [Section 2(1)(e)] is referred to as
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Correct answer: (B) Consumer dispute
1 marks · 2023 · Set A
Question 85
_____ is conducted to determine whether a proposed business has sufficient management expertise, organizational competence and resources to successfully launch its business.
A person who starts an industrial unit by means of an innovative skill is known as
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Correct answer: (A) First-generation entrepreneur
1 marks · 2023 · Set A
Question 87
Which of the following is a function of SIDBI?
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Correct answer: (D) More than one of the above
1 marks · 2023 · Set A
Question 88
A person who undertakes ventures that go well along with changing demand in the market is known as
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Correct answer: (A) Modern entrepreneur
1 marks · 2023 · Set A
Question 89
Which of the following statements is false?
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Correct answer: (C) SIDBI is mandated to serve as the principal financial institution for executing the triple agenda of promotion, financing and development of large-scale industry.
1 marks · 2023 · Set A
Question 90
If a wife and husband are running a business venture together, they are called
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Correct answer: (C) Copreneurs
1 marks · 2023 · Set A
Question 91
A business plan is important for all of the following reasons, except
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Correct answer: (B) A business plan provides lenders and investors assurance that they will earn a decent return.
1 marks · 2023 · Set A
Question 92
The entrepreneurial activities that acquire organizational sanctions and commitments of resources for the sole objective of innovative results are known as
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Correct answer: (C) Intrapreneuring
1 marks · 2023 · Set A
Question 93
_____ is a form of financing especially for funding high-technology, high-risk and perceived high-reward projects.
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Correct answer: (A) Venture capital
1 marks · 2023 · Set A
Question 94
A group of people leading the way in new developments or ideas is known as
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Correct answer: (A) Vanguard
1 marks · 2023 · Set A
Question 95
Which of the following is relevant while planning for working capital requirements?
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Correct answer: (D) More than one of the above
1 marks · 2023 · Set A
Question 96
The purpose of the soft loan scheme is to encourage units to undertake
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Correct answer: (D) More than one of the above
1 marks · 2023 · Set A
Question 97
In filing, folders, drawers, cabinets and cupboards are required to be
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Correct answer: (A) Vertical
1 marks · 2023 · Set A
Question 98
A business plan is important for
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Correct answer: (E) None of the above
1 marks · 2023 · Set A
Question 99
As per the Companies Act, 2013, the number of members of a company (excluding present or past employees who are also members) cannot exceed
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Correct answer: (E) None of the above
1 marks · 2023 · Set A
Question 100
A favourable set of circumstances that creates a need for a new product, service or business is known as