SRM VALLIAMMAI ENGINEERING COLLEGE

(An Autonomous institutions)

SRMNagar, Kattankulathur– 603203

DEPARTMENTOF MECHANICAL ENGINEERING

QUESTION BANK

VIII SEMESTER
MG8091 – ENTREPRENEURSHIP DEVELOPMENT

Regulation–2017

Academic Year 2021-2022(Even Semester)

Preparedby

Mr. K.VIJAYENDIRAN, Assistant Professor(Sr.G.)/MECH

Mr. K.P.MANIKANDAN, Assistant Professor(O.G.)/MECH

 SRM VALLIAMMAI ENGINEERINGCOLLEGE
(An Autonomous institutions)
SRM Nagar, Kattankulathur – 603 203

DEPARTMENT OF MECHANICAL ENGINEERING

QUESTION BANK
SUBJECT NAME : ENTREPRENEURSHIP DEVELOPMENT
Sem/Year: VIII /IV
UNIT 1: ENTREPRENEURSHIP
Entrepreneur – Types of Entrepreneurs – Difference between Entrepreneur and Intrapreneur Entrepreneurship in
Economic Growth, Factors Affecting Entrepreneurial Growth.
PART-A
Q.No. BT
Questions Competence
Level
1. “Entrepreneurship is a process of giving birth to an enterprise”. Discuss. BT-2 Understanding
2. Give a brief note on Fabian Entrepreneur. BT-2 Understanding
3. Narrate the concept of Intrapreneurship. BT-1 Remembering
4. Outline the differences between Entrepreneur and Intrapreneur. BT-1 Remembering
5. Explain the characteristics of an Entrepreneur. BT-4 Analyzing
6. Write an account on barriers to Entrepreneurship. BT-1 Remembering
7. What are the Entrepreneurial Traits? BT-3 Applying
8. List out the skills required for an entrepreneur. BT-1 Remembering
9. Describe Social Entrepreneur. BT-2 Understanding
10. Write a short note on Entrepreneurship as a career. BT-2 Understanding
11. State the barriers to Entrepreneurship. BT-2 Understanding
12. Identify the role of Government in promoting entrepreneurs. BT-1 Remembering
13. What are the factors affecting business environment? BT-2 Understanding
14. State the need for Entrepreneurship Development. BT-3 Applying
15. Write about Drone Entrepreneurs. BT-3 Applying
16. Differentiate Innovator and Imitator. BT-1 Remembering
17. Give an outline on Serial Entrepreneurs. BT-2 Understanding
18. What are the various types of Entrepreneurs? BT-3 Applying
19. Explain the importance of innovation in Entrepreneurship. BT-4 Analyzing
20. What are the risks involved in Entrepreneurship? BT-2 Understanding

PART-B
Q.No Questions BT
Competence
Level
1. a. Explain the concept of Entrepreneurship. (5) BT-4 Analyzing
b. Discuss the role of Entrepreneurs in the development of the economy.
BT-3 Applying
(8)
2. Write a detailed note on the characteristics of an Entrepreneur. (13) BT-2 Understanding
3. Elaborate the importance of Science and technology in Applying
BT-3
Entrepreneurship. (13)
4. Compare and contrast Entrepreneur Vs Manager. (13) BT-6 Creating
5. Evaluate the various factors affecting entrepreneurial growth. (13) BT-3 Applying
6. Discuss the various entrepreneurial traits. (13) BT-1 Remembering
7. Write a detailed note on the classification of entrepreneurs. (13) BT-1 Remembering
8. Explain the stages in Entrepreneurial Process. (13) BT-2 Understanding
9. Elaborate the barriers in Entrepreneurial Development. (13) BT-2 Understanding
10. Analyse the competencies required for an Entrepreneur. (13) BT-1 Remembering
11. a. What is a Business Environment? How is it important for a Business?
BT-4 Analyzing
(5)
b. Discuss how businesses are affected due to changes in the
BT-4 Analyzing
environment? (8)
12. Narrate the skills required for an Entrepreneur. (13) BT-1 Remembering
13. “Role of an Entrepreneur is Dynamic” – Discuss. (13) BT-5 Evaluating
14. Analyse the role of Entrepreneurs in nation building. (13) BT-4 Analyzing

PART-C
1. What are the cultural, social, economic and personality factors that
BT-4 Analyzing
affect the entrepreneurial growth?
2. In your opinion is the current economic scenario more conducive for
BT-4 Analyzing
young entrepreneurs? Substantiate your views.
3. What advice would you give to young aspirants towards
BT-1 Remembering
Entrepreneurship as a career option?
4. Mr. X wants to be a successful businessman. He has recently completed
his Mechanical degree. His father advised him to take up a course in
Entrepreneurship Development. He is now filled with anxiety as to how
this course in entrepreneurship is going to help him in achieving his
BT-5 Evaluating
dreams?
Question:
How would you help to relieve Mr. X’s anxiety? How is this course
going to help him?
 UNIT-II: MOTIVATION
Major Motives Influencing an Entrepreneur – Achievement Motivation Training, Self-Rating, Business
Games, Thematic Apperception Test – Stress Management, Entrepreneurship Development Programs –
Need, Objectives.
PART-A
Q.No. BT
Questions Competence
Level
1. List the motives influencing an Entrepreneur. BT-1 Remembering
2. Give a brief of achievement motivation. BT-1 Remembering
3. State the required competencies for an entrepreneur. BT-1 Remembering
4. Briefly explain Thematic Apperception test. BT-3 Applying
5. How would you manage Stress? BT-5 Evaluating
6. Outline the causes for stress. BT-2 Understanding
7. What is the purpose of business games? BT-1 Remembering
8. Discuss the importance of Self Rating. BT-3 Applying
9. Suggest few measures to boost achievement motivation. BT-1 Remembering
10. Briefly explain the concept of Stress Management. BT-1 Remembering
11. State the objectives of Entrepreneurship Development Programs.
BT-2 Understanding

12. Narrate government role in promoting entrepreneurs. BT-5 Evaluating

13. Discuss the concept of EDP. BT-3 Applying
14. Outline the role of family and society in entrepreneurship
BT-1 Remembering
development.
15. State few methods of delivering Entrepreneurship Development
BT-1 Remembering
Training.
16. How to support services assist in ED? BT-5 Evaluating
17. Write about the need for entrepreneurship training. BT-2 Understanding
18. State few organizations that work for entrepreneurship
BT-4 Analyzing
development.
19. What is meant by Tax Holiday? BT-1 Remembering
20. What is the role of Entrepreneurial Support Organization? BT-5 Evaluating
 PART-B
Q.No BT
Questions Competence
Level
1. a. Explain the concept of Entrepreneurial Motivation. (5) BT-4 Analyzing
b. Discuss the major motives influencing an entrepreneur. (8) BT-2 Understanding
2. Critically evaluate the role of support institutions to promote
BT-2 Understanding
entrepreneurs. (13)
3. a. Discuss the concept of Power Motivation. (6) BT-3 Applying
b. Discuss the concept of Affiliation Motivation. (7) BT-2 Understanding
4. a. Explain the concept of Self Rating. (5) BT-6 Creating
b. Explain how does it help in Entrepreneurship Aspirations.(8) BT-2 Understanding
5. ‘Entrepreneurship as a Career Option’ – Discuss. (13) BT-3 Applying
6. What is meant by Thematic Apperception Test? Explain
BT-1 Remembering
theprocedure for conducting TAT. (13)
7. a. State and explain the causes for Stress. (5) BT-1 Remembering
b. Suggest few measures to overcome Stress. (8) BT-2 Understanding
8. Elaborate the objectives of conducting Entrepreneurship
BT-2 Understanding
Development Programs. (13)
9. Write a detailed note on methods of conducting EDP. (13) BT-2 Understanding
10. Discuss the various schemes by Govt. of India to promote
BT-1 Remembering
entrepreneurs. (13)
11. “In the current scenario Entrepreneurship development is the
BT-4 Analyzing
need of the hour” – Give your views. (13)
12. State the various types of assistance provided by Organization
BT-1 Remembering
Support Services for Entrepreneurs. (13)
13. Discuss the industrial policies and regulation for
Entrepreneurship Development. (13) BT-5 Evaluating

14. Give a critical analysis on Government measures to promote

BT-4 Analyzing
and support young entrepreneurs. (13)

PART-C
1. “Entrepreneurship is metamorphosis process” – Discuss. BT-4 Analyzing
2. Narrate the various promotional schemes in effect in order to BT-4 Analyzing
 support entrepreneurs in India.
3. Discuss the Entrepreneurial Ecosystem in India. BT-1 Remembering
4. Mr. Parekh is a successful engineering graduate with rich
experience for more than 10 years in the field of
manufacturing. He has conceived an idea on setting up his own
manufacturing unit. He is currently scouting on the various
Entrepreneurial Development support offered by the BT-5 Evaluating
government and would like to have an understanding on the
entrepreneurial ecosystem.
Question: Based on your learning how would you guide Mr
Parekh?
 UNIT III: BUSINESS
Small Enterprises – Definition, Classification – Characteristics, Ownership Structures – Project
Formulation – Steps involved in setting up a Business – identifying, selecting a Good Business
opportunity, Market Survey and Research, Techno Economic Feasibility Assessment – Preparation
of Preliminary Project Reports – Project Appraisal – Sources of Information – Classification of
Needs and Agencies.
PART A
Q.No. BT
Questions Competence
Level
1. Define a Small-Scale Enterprise. BT-1 Remembering
2. How would you classify Small-Scale Industries? BT-5 Evaluating
3. Briefly explain Partnership Organization. BT-1 Remembering
4. Differentiate between Sole proprietorship and Partnership
BT-4 Analyzing
Organization.
5. Write down the features of a Company. BT-2 Understanding
6. State the advantages and disadvantages of a Co-Operative
BT-1 Remembering
Society.
7. What is a meant by a Project report? BT-1 Remembering
8. How would you define a project? BT-4 Analyzing
9. Write down the stage in Project formulation. BT-2 Understanding
10. State the legal definition of a Company. BT-1 Remembering
11. Why is a Project report important? BT-5 Evaluating
12. State few measures in selecting projects. BT-1 Remembering
13. What is meant by Feasibility Analysis? BT-5 Evaluating
14. Briefly explain market research. BT-1 Remembering
15. Discuss Techno Economic Feasibility. BT-3 Applying
16. Briefly explain Project Appraisal. BT-2 Understanding
17. List the contents of a Project Report. BT-2 Understanding
18. State few techniques in Idea Generation. BT-5 Evaluating
19. Write down the steps in starting a business. BT-2 Understanding
20. What is meant by Techno Economic Analysis? BT-1 Remembering

PART-B
Q.No Questions BT Competence
 Level
1. a. Explain the concept of Small-Scale Enterprise and its role in
BT-1 Remembering
Indian Economy. (6)
b. Discuss in detail the various types of SSI. (7) BT-4 Analyzing
2. Give a detailed analysis on the characteristics of SSI. (13) BT-5 Evaluating
3. a. What is meant by Ownership Structure? (6) BT-5 Evaluating

b. Explain the various types of Ownership. (7) BT-4 Analyzing

4. a. How would you define a company? Explain its features. (6) BT-5 Evaluating
b. Discuss the advantages and disadvantages of setting up a
BT-2 Understanding
company. (7)
5. Differentiate between company and cooperative society. (13) BT-4 Analyzing
6. How would you choose the right ownership structure for your
BT-2 Understanding
business? (13)
7. a. Explain the term Project Formulation. (7) BT-1 Remembering
b. Discuss the stages in Project Formulation. (6) BT-1 Remembering

8. Give a detailed explanation on the content in writing a Project

BT-2 Understanding
Report. (13)
9. Discuss in detail the various methods in Project Appraisal and
BT-4 Analyzing
the various sources of information. (13)
10. Elaborate the steps involved in starting a business. (13) BT-1 Remembering
11. Narrate the process involved in identifying and selecting a good
BT-5 Evaluating
project. (13)
12. a. How would you explain a Market Research? (7) BT-1 Remembering
b. Examine the importance of market survey and research before
BT-1 Remembering
finalizing a project (6)
13. Compare and Contrast Sole Proprietorship and Partnership firm.
BT-3 Applying
(13)
14. Discuss about Cooperative Organization Structure in detail.(13) BT-3 Applying

PART-C
1. Prepare a detailed project report for any Cottage Industry BT-5 Evaluating
2. How would you evaluate a project report on starting a specialty
BT-2 Understanding
restaurant?
3. Give a Techno Economic Feasibility analysis for an auto
BT-5 Evaluating
ancillary unit.
4. Surekha a young graduate who inspires to be an entrepreneur.
She comes from an economically poor background. Her mother
works as a full-time maid for one of the well to do families. Her
mother’s employer is ready to give Rs 2,00,000/- as an initial
investment for Surekha to start her business
BT-2 Understanding
Question: You are asked to advice Surekha on the line of
business that she could start with the
above-mentioned capital. Give an elaborate justification for the
line of business suggested and also draw a business plan for the
same.
 UNIT IV: FINANCING AND ACCOUNTING
Need – Sources of Finance, Term Loans, Capital Structure, Financial Institution, Management of working
Capital, Costing, Break Even Analysis, Taxation – Income Tax, Excise Duty – Sales Tax.

PART A
Q.No. BT
Questions Competence
Level
1. What is meant by Financial planning? BT-1 Remembering
2. State few examples of Fixed Assets and Current Assets. BT-2 Understanding
3. How would you define Working Capital? BT-1 Remembering
4. Differentiate between long term and Short-term capital. BT-1 Remembering
5. State few sources of internal finance. BT-4 Analyzing
6. Identify the sources of Long-Term Loans. BT-1 Remembering
7. What do you mean by Capital Structure? BT-5 Evaluating
8. Briefly explain factoring. BT-5 Evaluating
9. State the factors in determining the Capital Structure. BT-2 Understanding
10. Discuss the significance of Working Capital management. BT-5 Evaluating
11. Explain the concept of Break Even Analysis? BT-1 Remembering
12. Differentiate Fixed Cost and Variable Cost. BT-2 Understanding
13. List down few institutions in entrepreneurial finance. BT-2 Understanding
14. State the role of SIDBI. BT-2 Understanding
15. Explain the need for Tax Benefits to SSI. BT-3 Applying
16. Highlight the need for institutional support to SSI BT-1 Remembering
17. What do you mean by Excise Duty? BT-4 Analyzing
18. Explain the concept of Hire Purchase. BT-4 Analyzing
19. Differentiate between Capital Lease and Operational Lease. BT-3 Applying
20. Explain the concept of Sales Tax. BT-3 Applying

PART - B
Q.No Questions BT Competence
Level
1. a. Explain the need for Financial planning. (6) BT-1 Remembering
b. Discuss in detail the classification of Financial Needs. (7) BT-4 Analyzing
 2. Identify the various source of finance. (13) BT-1 Remembering
3. a. State the features of an Optimum Capital Structure. (6) BT-5 Evaluating
b. Explain Capital Structure and its components. (7) BT-5 Evaluating
4. Give a detailed analysis on factors determining Capital Structure.
BT-2 Understanding
(13)
5. How would you explain the concept of Operating Cycle? (13) BT-1 Remembering
6. Write down a critical evaluation on Break Even Analysis. (13) BT-2 Understanding
7. Comment on institutional support for entrepreneurs. (13) BT-1 Remembering
8 a. What is meant by Hire Purchase? (6) BT-4 Analyzing
b. Narrate the procedure for Hire Purchase. (7) BT-2 Understanding
9. Elucidate the various types of Lease Agreements. (13) BT-4 Analyzing
10. State the role of Financial institutions in Entrepreneurial Financing.
BT-1 Remembering
(13)
11. a. How would you explain Working Capital? (7) BT-5 Evaluating
b. Explain the management of Working Capital. (6) BT-2 Understanding
12. Discuss Government Tax Policy towards SSI. (13) BT-1 Remembering
13. Elaborate the role of Industrial Financing Companies in India
BT-3 Applying
towards Entrepreneurial Development. (13)
14. ‘Entrepreneurial Financing needs greater support’ – Comment. (13) BT-1 Remembering

PART-C

1. Draft an optimum Financial Plan for a new project. BT-5 Evaluating

2. Narrate the sources of Entrepreneurial Financing. BT-4 Analyzing

3. Give an outline on the role of Tax in Entrepreneurial Development. BT-4 Analyzing

4. Discuss the need and importance of Working Capital management. BT-5 Evaluating
 UNIT V: SUPPORT TO ENTREPRENEURS
Sickness in small Business – Concept, Magnitude, Causes and Consequences, Corrective Measures -
Business Incubators – Government Policy for Small Scale Enterprises –Growth Strategies in small
industry – Expansion, Diversification, Joint Venture, Merger and Sub Contracting.
PART A
Q.No. BT
Questions Competence
Level
1. How would you define a Sick Unit? BT-2 Understanding
2. Give a brief on Exogenous cause. BT-1 Remembering
3. State the consequences of industrial Sickness. BT-1 Remembering
4. Outline the stages of growth in SSI. BT-2 Understanding
5. Briefly explain the term Strategy. BT-5 Evaluating
6. In your view what growth strategy are available for SSI? BT-2 Understanding
7. What do you mean by Diversification Strategy? BT-4 Analyzing
8. List out the advantages of Expansion Strategy. BT-2 Understanding
9. Describe the term Conglomerate Diversification. BT-1 Remembering
10. Identify the advantages of Diversification Strategy. BT-1 Remembering
11. State the Pros and Cons of Merger. BT-4 Analyzing
12. Write short note on Amalgamation. BT-5 Evaluating
13. Differentiate between Concentric Vs Conglomerate Merger. BT-1 Remembering
14. State the advantages of Subcontracting. BT-4 Analyzing
15. Discuss Franchising. BT-3 Applying
16. Outline Pros and Cons of Franchising. BT-5 Evaluating
17. Identify the consequences of industrial Sickness. BT-5 Evaluating
18. Differentiate between Joint Venture and Merger. BT-3 Applying
19. What are the objectives of Business Incubators? BT-5 Evaluating
20. What is meant by a Business Incubator? BT-1 Remembering

PART-B
Q.No Questions BT Competence
Level
1. Discuss the concept and magnitude of industrial Sickness
BT-4 Analyzing
in India. (13)
2. a. How would you define a Sick Unit? (5) BT-5 Evaluating
b. Discuss the consequences of Sick Unit. (8) BT-5 Evaluating
3. Give a detailed note on the various stages of growth in SSI.
BT-1 Remembering
(13)
4. a. What do you mean by Growth Strategy? (5) BT-2 Understanding
b. Outline the various growth strategies. (8) BT-2 Understanding
5. a. Discuss Expansion Strategy and its types. (8) BT-5 Evaluating
b. State the Pros and Cons of Expansion Strategy. (5) BT-5 Evaluating
6. a. Discuss the means for revival of Sick Units. (6) BT-4 Analyzing
b. Briefly explain the corrective measures towards Sick Units.
BT-2 Understanding
(7)
7. Discuss the role of Business Incubators in Entrepreneurial
BT-4 Analyzing
Development in India. (13)
8. Comment on the various government policies towards SSI.
BT-2 Understanding
(13)
9. a. Explain Diversification Strategy. (7) BT-1 Remembering
b. Identify the advantages and disadvantages of
BT-1 Remembering
diversification strategy. (6)
10. a. Write a detailed note on Joint Ventures. (5) BT-3 Applying
b. Discuss the Advantages and Disadvantages of Joint
BT-3 Applying
Ventures. (8)
11. a. Outline Mergers and its types. (6) BT-4 Analyzing
b. Discuss the pros and cons of mergers. (7) BT-2 Understanding
12. a. Explain the concept of Subcontracting. (7) BT-4 Analyzing
b. How does it suit for small scale entrepreneurs? (6) BT-2 Understanding
13. a. Elaborate on the concept of Franchising. (6) BT-1 Remembering
b. State the Advantages and Disadvantages of Franchising.(7) BT-2 Understanding
14. Compare and contrast Merger and Joint Venture. (13) BT-5 Evaluating

PART-C
1. Write a detailed essay on industrial sickness in India. BT-4 Analyzing
2. Draft a suitable expansion strategy for Automobile Ancillary
BT-4 Analyzing
Unit.
3. Give your suggestion for the revival of Handloom Sector in
BT-3 Applying
Tamilnadu.
4. ‘The Small Scale Industries contribute to the economic
BT-4 Analyzing
development of the country’ - Defend this statement.