Entrepreneurship MCQs

151. -------------- is concerned with the purpose of location of possible opportunities

for investment.
A. Project identification
B. Project formulation
C. Project management
D. none of these.
Answer: A

152. The size and technology of the project depend on the ----------------.
A. Demand potential
B. Optimal technology
C. Demand forecasting
D. None of these.
Answer: A

153. ----------------- analysis determines the resources requirement of a project.

A. Input
B. financial
C. Economic
D. none of these.
Answer: A

154. -------------------- analysis is to assess the financial viability of the project.

A. Financial
B. Technical
C. Marketing
D. none of these.
Answer: A

155. --------------- analysis, estimates all social costs and other benefits of the
project.
A. Economic
 B. Cost benefits
C. Input
D. Network.
Answer: B

156. ------------------- is the core of the project entity.

A. Network analysi
B. Project design
C. Project appraisal
D. none of these.
Answer: B

157. --------------- is primarily a scheduling technique

A. CPM
B. GERT
C. LOB
D. PERT.
Answer: D

158. PERT uses ------------- time estimates for activities.

A. 4
B. 3
C. 6
D. 1.
Answer: B

159. PERT is ----------------- based

A. Cost
B. Value
C. Time
D. none of these.
Answer: C

160. CPM is ----------based

A. Time
B. Value

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C. Time

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 D. none of these.
Answer: C

161. ----------------- i8s a report which provides all the necessary information’s of a
unit proposed to be set up.
A. Project report
B. Feasibility report
C. Financial report.
D. none
Answer: A

162. ------------ is the means not an end.

A. Project report
B. Financial report
C. Feasibility reports
D. none of these.
Answer: A

163. ----------------- analysis evaluates the marketability of the product.

A. Financial
B. Market
C. Economic
D. Input.
Answer: B

164. A small scale unit has ------------- gestation period.

A. High
B. Low
C. Average
D. Medium.
Answer: B

165. Small scale units require ----------------- capital investment.

A. Lesser
B. Huge
C. High
D. none of these.
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Answer: A

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166. -------------- units are quick yielding nature.
A. Medium scale
B. Large scale
C. Small scale
D. EOU
Answer: C

167. SIDO stands for

A. Small industries development organization
B. Small investment development organization.
C. State industrial development organization
D. none of these.
Answer: A

168. IDBI stands for

A. Industrial development bank of India.
B. Investment development bank of India.
C. Institute for developments of business in India.
D. None of these.
Answer: A

169. The word entrepreneur means ------------.

A. To protect
B. To service
C. To undertake
D. To create.
Answer: C

170. ----------- is an economic leader.

A. Manager
B. Entrepreneur
C. Intrapreneur
D. none of these.
Answer: B

171. The term entrepreneur was 1st used in the business filed by:

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A. Richard cotillion

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 B. J.B. Say
C. Drunker
D. F.H.Knight.
Answer: A

172. ---------------- is hesitant to divide from the traditional method of functioning.

A. Drone entrepreneur
B. Fabian entrepreneur
C. Classical entrepreneur
D. Adoptive
entrepreneur. Answer: A

173. --------------------- entrepreneurs follow the footsteps of their predecessors.

A. Drone
B. Fabian
C. Classical
D. Cognitive.
Answer: B

174. ------------------ entrepreneur follows the principle of rule of thumb

A. Cognitive
B. Empirical
C. Rational
D. Professi
onal. Answer:
B

175. A --------------------- entrepreneur is one who promotes and operates a retail

business.
A. Corporate
B. Industrial
C. Retail
D. Technical.
Answer: C

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 Entrepreneurship MCQs

176. ---------------- entrepreneur is one who taken up those venture as which suit the
current marketing needs.
A. Classical
B. Modern
C. Non technical
D. none of these.
Answer: B

177. ----------------- an entrepreneur is one who carries out business or service

activities quite successfully on a small scale basis.
A. Large scale
B. Medium scale
C. 1st generation
D. Small scale.
Answer: D

178. --------------- is an urge achieve the goals

A. Skill
B. Knowledge
C. Motive
D. none of these.
Answer: C

179. -------------------- means the collection and retention of information in one’s

mind.
A. ) Skill
B. Motive
C. Knowledge
D. none of these.
Answer: C

180. -------------- means the ability to practice knowledge.

 A. Skill
B. Motive
C. Knowledge
D. none of these.
Answer: A

181. The high risk leads to ------------------.

A. Profit
B. Loss
C. Uncertainty
D. none of these.
Answer: A

182. Resources are scarce which demands are ------------------.

A. Unlimited
B. Limited
C. Scarce
D. none of these.
Answer: A

183. The development of nation depends on the development of ----------------.

A. Entrepreneurship
B. Export
C. Import
D. None of these.
Answer: A

184. ---------------- is the drive to achieve goal

A. Motivation
B. Need for achievement
C. Portfolio
D. none of these.
Answer: A

185. After screening the ideas, they are translated into project ------------------.
A. Portfolio

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B. Profiles

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 C. Proposal
D. none of these.
Answer: B

186. The element of job to be completed in a specific time is known as

--------------------.
A. Event
B. Activity
C. Network
D. Slack.
Answer: B

187. Activities lying on the critical path are known as --------------- activities.
A. Critical
B. Preceding
C. Succeeding
D. Concurrent.
Answer: A

188. Which of the following is a technique of project identification?

A. desk research
B. Sensitivity analysis
C. CVP analysis
D. none of these.
Answer: A

189. Which of the following is not a technique of financial analysis.

A. Ratio analysi
B. Risk analysis
C. Cash flow analysis
D. Fund flow analysis.
Answer: B

190. ---------------- is described as bread earning point.

A. Cash flow
B. Fund flow

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C. Ratio

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 D. break even.
Answer: D

191. The skill to people and to influence their behavior is known as ----------------.
A. Diagnostic
B. Conceptual
C. Technical
D. Human relation.
Answer: D

192. ------------------ analysis is carried out to ascertain technical soundness of the

project.
A. Techno-economic
B. Technical
C. Financial
D. Pre- investment appraisal.
Answer: B

193. Which of these is not industries promotional institution?

A. KFC
B. KSIDC
C. KSETDC
D. KTC.
Answer: D

194. Ability to make clear decisions on the merits of a case is called ------------------.
A. Communication
B. Decision making
C. Project development
D. Manage
ment.
Answer: B

195. -------------- skill relates to accounting and financing control, marketing, and
production planning and inventory control and to manage people who work in the
enterprise.
A. Communication
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B. Decision making

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 C. Project development
D. Manage
ment.
Answer: D

196. The first and foremost industrial estate was established in the year
-------------------.
A. 1960
B. 1962
C. 1955
D. 1950.
Answer: C

197. ---------------- is the financial and promotional assistance provided by the govt.
to the industries for boosting up industrial development in all regions particularly
in backward areas.
A. Seed capital
B. Incentive
C. Subsidy
D. none of these.
Answer: B

198. An imitating entrepreneur is one

A. who introduces new method of production
B. who adopts method used by others
C. who adopts old techniques
D. who does not like to bear risk
Answer: B

199. Drone entrepreneurs are characterised by

A. Rigid ways
B. Liberal attitude
C. Conservative thinking
D. Flexible attitude
Answer: A

200. A Fabian entrepreneur is one

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A. who takes maximum risk
B. who is very aggressive

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 C. who is frequently induces new product in business
D. who is timid and caution
Answer: D

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 Entrepreneurship MCQs

201. A spontaneous entrepreneur is one

A. who is motivated by others to start an enterprise
B. who is induced by governmental policy
C. who is motivated by psychological rewards
D. who has strong conviction and confidence in his in-born ability
Answer: D

202. According to Druckers, how many conditions have to be fulfilled for

systematic innovation
A. Three
B. Four
C. Five
D. Six
Answer: A

203. “Entrepreneurs reacted to economic change, thereby becoming the economic

agents who transformed demand into supply.” This statement is given by:
A. Adam Smith
B. Cantillon
C. Evans
D. Peter F Drucker
Answer: A

204. John Stuart Mill observed the necessity of entrepreneurship in business for
economic development in
A. 1945
B. 1946
C. 1947
D. 1948
Answer: D

205. According to Clarence Danhof, types of entrepreneurs are

 A. Two
B. Three
C. Four
D. Five
Answer: C

206. An entrepreneur is:

A. Risk-bearer
B. Organizer
C. Innovator
D. All of the
above Answer: D

207. Which of the following is not a Managerial function of entrepreneur?

A. Accounting
B. Organizing
C. Staffing
D. Planning
Answer: A

208. Innovation is considered as hallmark for an entrepreneur is the view held by;
A. Richard Cantillon
B. Peter Drucker
C. Joseph A Schumpter
D. David C.McClelland
Answer: C

209. The most suitable type of entrepreneur for a developing economy like India is:
A. Innovaive
B. Imitative
C. Fabian
D. Drone
Answer: B

210. Which of the following is not a personal characteristic often found in an

entrepreneur?

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A. self-confident

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 B. Independent
C. perceptive
D. follower
Answer: D

211. An individual who starts, creates and manages a new business can be called:
A. Leader
B. Manager
C. Entrepreneur
D. Professional
Answer: C

212. Role of entrepreneus includes:

A. Employment generation
B. Wealth creation & Poverty reduction
C. Rural Development
D. All of the
above Answer: D

213. Balanced regional development includes:

A. Economin and non-economic considerations
B. Economin consideration only
C. Non-economin consideration only
D. All of the
above Answer: A

214. An entrepreneurs plays an important role in:

A. Economic development
B. Political development
C. Religious development
D. None of the
above Answer: A

215. “Entrepreneurship is an innovative function. It is leadership rather than

ownership,” was given by:
A. H N Pathak

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B. Joseph A. Schumpeter

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 C. Peter F Drucker
D. H W Johnson
Answer: C

216. Many entrepreneurs fail due to

A. Lack of motivation
B. Lack of technical skills
C. Lack of business knowledge
D. All of the
above Answer: D

217. defines an entrepreneur as one, who always searches for change,

responds to it and exploits it as an opportunity
A. Richard Canilton
B. Peter F Drucker
C. Joseph Schumpeter
D. Henry Fayol
Answer: B

218. The term concept of entrepreneurship originated in

A. 18th century
B. 17th century
C. 16th century
D. 15th century
Answer: C

219. In relation to Indian Industries, entrepreneurship is

A. Necessary
B. Unnecessary
C. Burden
D. Wastage of time & money
Answer: A

220. shows the process of creating something new.

A. Innovation
B. Business model

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C. Modeling

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 D. Creative flexibility
Answer: A

221. The goals should be for the success of business plan

A. Generalized
B. Specific
C. Limitless
D. Imaginary
Answer: B

222. The term concept of entrepreneurship originated in

A. 18th century
B. 16th century
C. 17th century
D. 15th century
Answer: A

223. In relation to Indian industries entrepreneurship is:

A. Necessary
B. Burden
C. Unnecessary
D. Wastage of time & money
Answer: A

224. Entrepreneur is:

A. Innovator
B. Problem solver
C. Risk taker
D. All of these
Answer: D

225. An entrepreneur plays an important role in:

A. Economic development
B. Religious development
C. Political development
D. None of
these Answer: A
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 Entrepreneurship MCQ

226. An entrepreneur is:

A. Born
B. Born & made both
C. Made
D. None of
these Answer: B

227. Entrepreneurs are helpful in bringing about:

A. Balanced industrial development
B. Unbalanced industrial development
C. Scattered industrial development
D. None of
these Answer: A

228. Entrepreneur in employment opportunities:

A. Increase
B. Decrease
C. Neither increase nor decrease
D. None of
these Answer: A

229. The first Industrial Policy Resolution 1948 was held during:
A. Pre-independence era
B. Swadeshi movement
C. Post-war period
D. Post-independence era
Answer: D

230. Innovation theory first was given by:

A. David McClelland
B. Peter F. Drucker
C. Joseph A. Schumpeter
 D. Richard Cantillon
Answer: C

231. David McClelland has introduced the theory of:

A. Need for Achievement
B. Innovation
C. Agent
D. Good Leadership Skills
Answer: A

232. From which Five Year Plan the moto was ‘an economy is the effect for which
entrepreneurship is the cause’:
A. 5th
B. 6th
C. 7th
D. 8th
Answer: B

233. „Entreprendre? is:

A. English language
B. Latin language
C. Russian language
D. French language
Answer: D

234. The characteristic of an entrepreneur is:

A. need to achieve
B. risk bearing capacity
C. optimist
D. all of the above
Answer: D

235. Innovation means:

A. execution of new ideas
B. implementation of new ideas
C. operation of new ideas

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 D. separation of new ideas
Answer: B

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236. Role of entrepreneur can be depicted
A. giving emphasis on village and cottage industries
B. starting big business
C. imitating other business
D. doing trading business
Answer: A

237. Entrepreneurship played a pivotal role in bringing social stability by:

A. maximising profit
B. increasing own wealth
C. alleviating of poverty
D. developing business
Answer: C

238. Dynamic entrepreneurship innovation theory was developed during

A. 1949
B. 1950
C. 1951
D. 1952
Answer: A

239. Thematic appreciation test is conducted by the

A. Mc Clelland
B. Young
C. Kinzner
D. Knight
Answer: B

240. X-efficiency theory indicates the use of resources in terms of

A. efficiency
B. inefficiency
C. proper
D. improper
Answer: B

241. Most of EDPs have

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A. Three phase

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 B. Four phase
C. Five phase
D. Six phase
Answer: A

242. The Khadi and Village industries commission was established in

A. April 1957
B. Sept 1957
C. Sept 1967
D. April 1987
Answer: A

243. The DICs programme was started by the central govt in

A. 1968
B. 1978
C. 1988
D. 1998
Answer: B

244. KVIC has launched common brand names for KVIC products in
A. July 2001
B. August 2001
C. September 2001
D. October 2001
Answer: D

245. Rural industries consultancy services cell is set up under

A. DIC
B. Industries department
C. NABARD
D. KVIC
Answer: D

246. EDP implies:

A. Development of entrepreneurial ablilities
B. Development of business

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C. Development of society

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 D. None of the
above Answer: A

247. National Bank for Agriculture and Rural Development initial is:
A. NBA
B. NABARD
C. BARD
D. None of the
above Answer: B

248. The Indian Institute of Entrepreneurship (IIE) was established in the year
A. 1989
B. 1998
C. 1993
D. 2002
Answer: C

249. Phases of EDP consist of

A. Pre-training phase
B. Training phase
C. Follow-up
D. All of the
above Answer: D

250. According to Schumpeter?s Theory of Innovation, innovation involve:

A. New products
B. Opening of new market
C. New method of production
D. All of the
above Answer: D

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 Entrepreneurship MCQs

251. DIC is the abbreviated form of

A. District Incubation Centre
B. Direct Innovation Centre
C. District Industries Centre
D. Non of the above
Answer: C

252. Objectives of Khadi and Village Industries Commission (KVIC):

A. Promote khadi in rural areas
B. Provide employment
C. Build Strong community
D. All of the
above Answer: D

253. The duration of an EDP is generally for a period of:

A. 3 Weeks
B. 4 Weeks
C. 5 Weeks
D. 6 Weeks
Answer: A

254. Entrepreneurship development institute of India was set up in

A. 1983
B. 1993
C. 1994
D. 1984
Answer: A

255. Indian Institute of Entrepreneurship is situated at

A. Shillong
B. Imphal
C. Guwahati
 D. Aiza
wl
Answer: C

256. It is the Apex banking institution to provide finance for Agriculture and rural
development.
A. SBI
B. IDBI
C. NABARD
D. EXIM
Answer: C

257. KVIC was established in

A. 1952
B. 1962
C. 1953
D. 1963
Answer: C

258. Entrepreneurial development programme provides

A. Self-employment
B. Increase in skills of entrepreneur
C. Education and Training
D. All of the
above Answer: D

259. EDPs course contents contains

A. General introduction to entrepreneurs
B. Motivation training
C. Managerial skills
D. All of the
above Answer: D

260. The application for registration of a small scale unit should be submitted to
the
A. General manager, DIC
B. Director, DIC
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C. General Manager, NSIC

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 D. Director, NSIC
Answer: A

261. District Industries centers are located

A. in each district
B. in each state
C. only in selected districts
D. only in selected states
Answer: A

262. Who called entrepreneur an innovator?

A. Thomas Cochran
B. McClelland
C. Schumpeter
D. Everest
Hagen Answer: C

263. The fundamental of in entrepreneurship is:

A. Entrepreneurship development
B. Entrepreneurial disposition
C. Innovation
D. Profitable enterprise
Answer: B

264. Indian Institute of Entrepreneurship (IIE) is situated at

A. Shillong
B. Guwahati
C. Imphal
D. Aiza
wl
Answer: B

265. The basic objective of EPD is:

A. Select product
B. Formulate the project
C. Acquire managerial skill
D. All of the
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above Answer: D

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266. Entrepreneurial development programme provides
A. Self-employment
B. Increase in the skills of entrepreneur
C. Education and training
D. All of the
above Answer: D

267. The functions and activities of DICs are monitored by:

A. The state Government
B. The central Government
C. Directorate of Industries and commerce
D. Ministry of Micro, Small and Medium Enterprises
Answer: C

268. KVIC is an apex organization under the:

A. Government of India
B. State Government
C. Ministry of Micro, Small and Medium Enterprises
D. Act of Parliament
Answer: C

269. Which of the following banks provide financial assistance to promote new
entrepreneurs?
A. IDBI
B. SBI
C. RBI
D. NABARD
Answer: A

270. Entrepreneurship Development Programme (EDP) may be defined as:

A. Training Programme
B. Committee meeting
C. Community programme
D. Social
service Answer: A

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271. The District Industries Centre (DIC) is the institution at the:

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 A. Central level
B. State level
C. District level
D. Block level
Answer: C

272. After completing all formalities, entrepreneurs should get permanent

registration before commencing the production from:
A. Directorate of Industries
B. Directorate of Trade and Commerce
C. Central Government
D. DICs
Answer: D

273. Indian Institute of Entrepreneurship (IIE), Guwahati is for

A. Eastern region
B. North Eastern region
C. Assam
D. Mizoram
Answer: B

274. The pilot project of NABARDfordigitisation of SHGs called

A. e-Shakti
B. e-Samriddhi
C. e-Shanti
D. e-Samraksha
Answer: A

275. EDII is situated at

A. Delhi
B. Mumbai
C. Kolkata
D. Ahmedabad
Answer: D

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 Entrepreneurship MCQs

276. NABARD is promoting an entrepreneurial culture among the:

A. urban youth
B. rural youth
C. city youth
D. metro youth
Answer: B

277. To be eligible under PMEGPthrough KVIC, the applicant?s age should be:
A. 25 and above
B. 20 and above
C. 18 and above
D. 30 and above
Answer: C

278. A project or a business undertaking especially a commercial one involving a

risk and uncertainty is called
A. an enterprise
B. a unit
C. a venture
D. an industry
Answer: A

279. The entrepreneur should ensure that the opportunity must be compatible with
A. fund availability
B. man power availability
C. ability to do
D. all above
Answer: D

280. The basic purpose of economic analysis, resources should be valued in terms
of their
A. economic cost
 B. production cost
C. price cost
D. opportunity cost
Answer: D

281. The financial plan for meeting the cost of the project depends on how
accurately estimated with
A. cost
B. technical know how
C. economic physibility
D. environmental opportunity
Answer: A

282. The investigation will help him to reach a conclusion as to the feasibility and
prospect of the whole proposal is depend on
A. discovery of an idea
B. preliminary investigation
C. detailed investigation
D. framing of
plan Answer: B

283. Internal environmental factor includes

A. number of workers
B. amount of investment
C. both a and b
D. none of the above
Answer: C

284. “Promotion is the discovery of business opportunities and subsequent

organisation of funds, property and managerial ability into a business concern for
the purpose of earning profit thereon.” this definition is given by:
A. C.W Gerstenberg
B. Elan R.K.N
C. Nick Mick
D. T.R Ming
Answer: A

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285. Commercial exploitation of indigeneous or imported technology and knowhow
is another source of
A. product profile
B. project idea
C. market character
D. none of the above
Answer: B

286. Success of enterprise depends on:

A. Both entrepreneur and enterprise are good
B. Only entrepreneur is good
C. Only enterprise selection is suitable
D. All of the above.
Answer: A

287. Characteristics of Business environment include:

A. Complex and Dynamic
B. Multi-faceted and Far-reached impact
C. All of the above
D. None of the
above Answer: C

288. Dimensions of Business Environment consist of:

A. Economic & Social environment
B. Political & Legal environment
C. Technological environment
D. All of the
above Answer: D

289. In SWOT analysis Strength and weakness relates to:

A. Entrepreneur
B. Environment
C. All of the above
D. None of the
above Answer: A

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290. Business or project ideas can be generated from:

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 A. Internal
B. External
C. Both Internal & External
D. None of the
above Answer: C

291. Selecting a project out of projects identified is called:

A. Referencing process
B. Zeroing in process
C. Picking process
D. Handling in process
Answer: B

292. In SWOT analysis Opportunities and Threats relates to:

A. Entrepreneur
B. Environment
C. All of the above
D. None of the
above Answer: B

293. Entrepreneurship development process includes:

A. Selecting potential targets
B. Choosing the right location
C. Tying up with Instituitions
D. All of the
above Answer: D

294. External environment factors are

A. Economic
B. Social
C. Technical
D. All of the
above Answer: D

295. Opportunity means a chance to do:

A. new things

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B. old things

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 C. new and old things
D. None of the
above Answer: A

296. Which of the following is not the factor of internal environmental analysis?
A. Production
B. marketing
C. Competitive
D. Finance
Answer: C

297. Indirect –action elements of external environment includes:

A. Political
B. legal
C. Socio-cultural
D. All of the
above Answer: D

298. Internal environment is also called:

A. Specific environment
B. Micro environment
C. Both (a) and (b)
D. None of the
above Answer: C

299. Good sources of information for an entrepreneur about competitors can be

obtained from
A. Websites
B. Product information leaflets
C. Company reports and published accounts
D. All of the
above Answer: D

300. From the following which one is factor affecting entrepreneurial growth:
A. Social
B. Economic

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C. Psychological
D. All of the above

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Answer: D

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 Entrepreneurship MCQs

301. The level at which an individual is viewed by society is called

A. Financial status
B. Qualification
C. Social status
D. Achievement
Answer: C

302. External environment factor includes:

A. Economic factor
B. Technological factor
C. Social factor
D. All the above
Answer: D

303. factor is an essential factor of external environment analysis:

A. Physical
B. Competition
C. Financial
D. Organizationa
l Answer: B

304. Which of the following is not the internal business environment?

A. Organization?s mission & vision
B. Company culture & image
C. Value system
D. Supplie
rs Answer: D

305. The final step in entrepreneurship development process is:

A. Discovery
B. Developing a business plan
C. Harvesting
 D. Managing the company
Answer: C

306. While identifying the business opportunities the entrepreneur must include:
A. Economic trends
B. Change in customer base
C. Market trends
D. All the above
Answer: D

307. The most dynamic force, shaping entrepreneurs destiny is:

A. Social factor
B. Technological factor
C. Competitive factor
D. Political factor
Answer: B

308. Internal environment factors includes:

A. Resources of the organization
B. Board of directors
C. Shareholders
D. All of the
above Answer: D

309. may be defined as an attractive project idea:

A. Business opportunity
B. Idea generation
C. Good market
D. Investment
Answer: A

310. To start an entrepreneurial activities, first process is to:

A. develop a business plan
B. discover a new thought
C. accumulate fund
D. manage the business
Answer: C
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Download more sets at McqMate.com
311. Once the opportunity is identified, an entrepreneur needs to create a:
A. comprehensive business plan
B. discovery
C. capital fund
D. budget
Answer: A

312. Minimum rate of wages per day of skilled – II workers in Mizoram is Rs

A. 380
B. 420
C. 520
D. 640
Answer: B

313. Mission of a business house should have holistic approach towards the:
A. quality control
B. family
C. maximization of profit
D. society and the nation
Answer: D

314. Labourunionsgenerally collectively bargain with the management for:

A. higher wages
B. better working conditions
C. better working environments
D. all of the above
Answer: D

315. To maintain quality of the product and increase goodwill, a business house
should plan to recruit human resource by avoiding:
A. skilled labour
B. knowledgeable person
C. nepotism
D. experienced person
Answer: A

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316. Political environment of a state can improve the entrepreneurial growth by
stages of:
A. legislature
B. execution
C. judiciary
D. all the above
Answer: B

317. Government checks restrictive trade practices through:

A. Industrial policy Act, 1991
B. MRTP Act
C. FEMA Act
D. none of these
Answer: C

318. A micro enterprise is an enterprise where investment in plant and machinery

does not exceed ( according to MSME Act, 2006)
A. Rs. 15 lakhs
B. Rs. 20 lakhs
C. Rs. 25 lakhs
D. Rs. 30 lakhs
Answer: A

319. A medium enterprise, where the investment in plant and machinery is more
than Rs. 5 crore but does not exceed
A. Rs. 10 crore
B. Rs. 15 crore
C. Rs. 20 crore
D. Rs. 25 crore
Answer: B

320. A small enterprise, where the investment in equipment is more than Rs. 10
lakhs but does not exceeds
A. Rs. 1 crore
B. Rs. 2 crore
C. Rs. 3 crore

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D. Rs. 4 crore

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Answer: A

321. An industry established before the commencement of MSME Act 2006 and
having investment in plant and machinery of more than Rs. 1 crore but not
exceeding 10 crore, was also required to file memorandum within
A. 60 days
B. 80 days
C. 160 days
D. 180 days
Answer: A

322. Micro Units Development & Refinance Agency Limited (MUDRA) and
Pradhan Mantri MUDRA Yonana (PMMY) was launched on
A. 6th March, 2015
B. 8th March, 2015
C. 6th April, 2015
D. 8th April, 2015
Answer: D

323. In order to give a boost to the lending under PMMY, especially for Shisshu
category loans, a credit campaign was carried out from
A. 1st September to 2ndOctober, 2015
B. 1st October to 2nd November 2016
C. 1st September to 2nd October 2017
D. None of the
above Answer: B

324. The sale and responsibilities of NUDRA is declared on

A. 1st March, 2015
B. 2nd March, 2015
C. 3r dMarch, 2015
D. 4th March,
2015 Answer: C

325. Under the Shishu category, smaller loan amount is sanction upto
A. Rs. 30,000

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B. Rs. 40,000
C. Rs. 50,000

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 D. Rs. 60,000
Answer: C

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 Entrepreneurship MCQs

326. Small scale industries (SSIs) also known as MSMEs are defined & categorized
by the Micro, Small & Medium Enterprises Development Act
A. 2006
B. 2007
C. 2008
D. 2009
Answer: C

327. Name the institution which was set up in 1982 to promote integrated rural
development
A. NSIC
B. NABARD
C. SIDBI
D. NCEUS
Answer: D

328. Name the institution which is set up as an apex bank to provide direct or
indirect financial assistance under different scheme.
A. SIDBI
B. NSIC
C. RSBDC
D. None of the
above Answer: B

329. Investment in equipments service sector in Micro scale industry should be

A. Up to 10 Lacs
B. 10Lacs – 2 Crores
C. 2 Crores – 5 Crores
D. None of the
above Answer: B

330. MUDRA has already created the following products / schemes

 A. Shishu
B. Kishor
C. Tarun
D. All of the
above Answer: A

331. Investment in equipments service sector in Small scale industry should be

A. Up to 10 Lacs
B. 10Lacs – 2 Crores
C. 2 Crores – 5 Crores
D. None of the
above Answer: C

332. MUDRA Bank was launched on

A. 8 April 2000
B. 8 April 2010
C. 8 April 2015
D. 8 April 2018
Answer: A

333. Investment in equipments service sector in Medium scale industry should be

A. Up to 10 Lacs
B. 10Lacs – 2 Crores
C. 2 Crores – 5 Crores
D. None of the
above Answer: C

334. For establishment of a new unit, an entrepreneur is required to obtain:

A. Provisional Registration
B. Permanent registration
C. Both (a) and (b)
D. None of the
above Answer: B

335. As per the MSMED Act, 2006, micro enterprise (manufacturing) is the
enterprise whose investment is equipment does not exceed.

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A. Rs. 10 lakhs

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 B. Rs. 15 lakhs
C. Rs. 20 lakhs
D. Rs. 25 lakhs
Answer: B

336. MUDRA bank was established on

A. 9thMay, 2015
B. 8thApril, 2015
C. 8thJune, 2015
D. 9thJuly, 2015
Answer: A

337. An entrepreneur is not required to obtain license under the Industries

development and Regulation Act, if his assets less than:
A. Rs. 5 lakhs
B. Rs. 10 lakhs
C. Rs. 15 lakhs
D. Rs. 20 lakhs
Answer: A

338. In venture capital, there is

A. High risk
B. Normal risk
C. No risk
D. None of the
above Answer: A

339. For establishing new and risky business units in India, Venture Capital is
A. Unnecessary
B. Necessary
C. Extremely necessary
D. Wastage of
capital Answer: A

340. MUDRA has been set up by whom?

A. Government of India

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B. RBI

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 C. SEBI
D. IDBI
Answer: A

341. MUDRA scheme is applicable to which type of MSE businesses under income
generation purpose
A. Newly start ups
B. Existing business for expansion or up-gradation
C. Both a and b
D. None of the
above Answer: D

342. For establishment of a new unit, an entrepreneur is required to obtain:

A. Provisional registration
B. Provisional and permanent registration
C. Permanent registration
D. None of the
above Answer: C

343. Under new licensing policy for establishing small scale unit, licensing is:
A. Compulsory
B. Voluntary
C. Necessary
D. Exempted
Answer: D

344. The Micro, Small and Medium Enterprises Development Act (MSMED) Act
was enacted on:
A. June 16, 2006
B. July 10, 2016
C. October 2, 2006
D. February 16, 2006
Answer: A

345. Investment in plant & machinery of the Micro enterprises in manufacturing

enterprises is:

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A. Upto Rs 25 lakhs

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 B. Upto Rs 20 lakhs
C. Upto Rs 10 lakhs
D. Upto Rs 5 crore
Answer: B

346. Loans given by commercial banks is:

A. Short-term
B. Long-term
C. Medium term
D. All of the
above Answer: C

347. Venture capital is a source of investment for:

A. Start-up companies
B. Developing companies
C. Existing companies
D. All of the
above Answer: B

348. MURDA Bank was set up for „funding the unfunded?:

A. Micro enterprises
B. Medium enterprises
C. Small enterprises
D. All of the
above Answer: B

349. MURDA is set up to refinance and support financial institutions like:

A. Micro finance institution
B. Private sector banks
C. Non-banking finance companies
D. All of the
above Answer: D

350. Venture Capital investment is also referred to

A. risk capital
B. patient risk capital

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C. Both (a) and (b)
D. None of the above

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Answer: C

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 Entrepreneurship MCQs

351. Venture Capital is the money provided by an outside investor to finance

A. a new business,
B. a growing business
C. troubled business.
D. All of the
above Answer: D

352. Methods of Venture Capital financing includes

A. Equity
B. Equality
C. troubled business.
D. None of the
above Answer: A

353. The full form of MSME is

A. Mini, small and Medium Enterprise
B. Micro, small and Medium Enterprise
C. Micro, small and Moderate Enterprise
D. Mini, small and Many
Enterprise Answer: B

354. The Manufacturing Enterprise are defined in terms of

A. investment in Agriculture
B. investment in Services
C. investment in Plant & Machinery.
D. Infrastructure in Plant & Machinery.
Answer: C

355. In investment in plant and machinery , Small Scale Enterprise

A. Must be between 5 lakh rupees but does not exceed 25 lakhs rupees
B. Must be between 25 lakhs rupees but does not exceed 5 crore rupees
C. Must be between 30 lakhs rupees but does not exceed 10 crore rupees
 D. Must be between 2 lakhs rupees but does not exceed 5 lakhs rupees
Answer: B

356. Pradhan Mantri MUDRA Yojana (PMMY) provides loans upto

A. 5 lakhs
B. 10 lakhs
C. 15 lakhs
D. 20 lakhs
Answer: B

357. There are two important sources of entrepreneurial finance, one is

A. Internal funding
B. External funding
C. Owners? Equity
D. Both (b) and
(c) Answer: D

358. Small Industries Extension training Institute (SIET) launched a programme

for starting industrial entrepreneurs in
A. 1964
B. 1974
C. 1984
D. None of the above
Answer: B

359. SIET is one of the earliest institution in the country started at

A. Mumbai
B. Chennai
C. Hyderabad
D. Delhi
Answer: C

360. In India, participation of women in industrial entrepreneurial sector has

commenced from
A. 1960?s onward
B. 1970?s onward

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C. 1980?s onward

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 D. 1990?s onward
Answer: B

361. As a continuing process of developing the entrepreneurs in the North East,

NECON was started in 1987 at
A. Guwahati
B. Nagaland
C. Imphal
D. Shillong
Answer: C

362. Internal and external environment are considered under the term
A. physical facilities
B. environmental facilities
C. industrial facilities
D. none of the above
Answer: A

363. Industrial Credit and Investment Corporation of India (ICICI) was set up on
A. January 1955
B. February 1955
C. March 1956
D. January 1965
Answer: A

364. State financial corporation was set up in

A. 1948
B. 1949
C. 1950
D. 1951
Answer: A

365. State Industrial Development Corporation is to provide assistance in the form

of
A. Technical assistance
B. Developmental assistance

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C. Term loans

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 D. None of the
above Answer: C

366. North Eastern Industrial Technical Consultants Organisation Limited is

abbreviated as
A. NEITCO
B. NETCO
C. NITCO
D. None of the
above Answer: A

367. The full form of NEDFi is

A. North Eastern Fitness Development Centre Ltd
B. North Eastern Development Finance Corporation Ltd
C. North Eastern Financial Development pvt Ltd
D. None of the
above Answer: B

368. Women entrepreneur of the North East provides only % of

employment provided by women entrepreneurs in India.
A. 2
B. 4
C. 3.76
D. 5
Answer: C

369. The role of small-scale industry in North East:

A. To provide techno-economic and managerial consultancy,common facilities
andextension services to the MSME sector
B. Making available the economic information services needed for the MSME sector
C. Developing human resources through training and skill upgradation
D. All of the
above Answer: D

370. Problems faced by the North East entrepreneurs:

A. Paucity of funds

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B. Competition

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 C. Legal formalities
D. All of the
above Answer: D

371. Which of the following is true with respect to problems faced by women
entrepreneurs in North East?
A. Significant entrepreneurial zeal and motivation
B. There are no Socio-religious-political barriers
C. Mostly preoccupied with household activities and responsibilities
D. Abundance of of awareness and dynamism
Answer: C

372. Which of the following is false with respect to prospects of entrepreneurship in

North East?
A. Communication and transportation links improve
B. Investment has been coming in on various fronts in recent years
C. Abundance of funds
D. The region?s educational attainments helps capture international
mainstreams Answer: C

373. The objective of NEDFi

A. To provide long term financial assistance for setting up a new industries
B. To provide assistance in infrastructure projects as well as for expansion
C. Diversification or modernization of existing industrial enterprises
D. All of the
above Answer: D

374. MSMED Act has come into forced on

A. 2ndSeptember, 2006
B. 2ndOctober, 2006
C. 2ndNovember, 2006
D. 2ndDecember, 2006
Answer: B

375. The activity which occurs when the new venture is started is called:
A. Motivation

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B. Business skills
C. Departure point

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 D. Achievement
Answer: C

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 Entrepreneurship MCQs

376. The Industrial policy for North-East was announced in

A. 1996
B. 1997
C. 1998
D. 1999
Answer: B

377. A women entrepreneur is supposed to have a minimum financial interest in

share capital of entrepreneur?s enterprise:
A. 35%
B. 51%
C. 25%
D. None of the above
Answer: C

378. Industries promoted by women entrepreneurs

A. Agarbatti making
B. apad making
C. Handicrafts
D. All of the
above Answer: D

379. The Industrial Policy for North-East was announced in

A. 1994
B. 1996
C. 1997
D. 1998
Answer: C

380. The problems of women entrepreneurship in rural areas of Assam are due to
A. Individual problems
B. Social problems
 C. Structural problems
D. All of the
above Answer: D

381. In the North-Eastern region of India, designed and methodical efforts in

entrepreneurship development began in the
A. 70?s
B. 80?s
C. 90?s
D. None of the
above Answer: A

382. Women entrepreneur in India are in:

A. Backward stage
B. Developed stage
C. Developing stage
D. none of these.
Answer: C

383. The government of India defined women entrepreneurship as an enterprise

owned and controlled by a women having a minimum financial interest up to:
A. 51% of the capital
B. 49% of the capital
C. 50% of the capital
D. 41% of the capital
Answer: A

384. Problems faced by the women entrepreneur does not include:

A. Lack of confidence
B. Competition from male entrepreneurs
C. Family responsibilities
D. none of the above
Answer: D

385. was set up to act as a catalyst on entrepreneurship development with

it?sfocus on North East:

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A. IIE

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 B. NEITCO
C. NSIV
D. SISIs
Answer: A

386. The North Eastern Council was set up in

A. 1992
B. 1962
C. 1972
D. 1872
Answer: C

387. The entrepreneurial career taken up by educated youth in North East India is
A. Small
B. Average
C. Large
D. None of the
above Answer: A

388. Prime Minister?s Employment Generation Programme (PMEGP) was

introduced in:
A. July 2008
B. August 2018
C. August 2008
D. October 2006
Answer: C

389. Under the Credit Linked Subsidy Scheme, the rate of subsidy has been raised
following the amendments from 12% to:
A. 16%
B. 20
C. 13%
D. 15%
Answer: D

390. North East Industrial and Investment Promotion Policy The full form of

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NEIIPP, 2007 is

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 A. North East Industrial and Investment Promotion Policy
B. North East Industrial and Infrastructure Promotion Policy
C. North East Industrialist Investment Promotion Policy
D. None of the
above Answer: A

391. The North East Industrial Policy (NEIP), 1997

A. Does not cover Sikkim
B. covered Sikkim
C. Does not cover Mizoram
D. covered
Mizoram Answer: B

392. Income Tax exemption under NEIIPP, 2007 will be

A. 50%
B. 75%
C. 90%
D. 100%
Answer: D

393. India?s Act East Policy focusses on the extended neighbourhood in

A. Asia-Pacific region.
B. Asia- china region.
C. Asia- Antartic region.
D. None of the
above Answer: A

394. One primary problem that NE entrepreneurs face is

A. the lack of raw materials
B. the lack of suitable outlets to sell the products.
C. the lack of water
D. None of the
above Answer: B

395. The north-eastern region of India comprises

A. five states

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B. six states

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 C. seven states
D. Eight states
Answer: C

396. The famous brand name „Madhushree?in Assam was created by

A. Lalita Devi Jain
B. Madhu Devi Jain
C. LalitaJashree
D. None of the
above Answer: A

397. The full form of CWEI is

A. Consensus of Women Entrepreneurs of India
B. Consortium of Women Entrepreneurs of India
C. Contribution of Women Entrepreneurs of India
D. None of the
above Answer: B

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