Question 101
Some one legally appointed to sell off the assets of a bankrupt firm is called
A An Auctioneer
B A Liquidator
C A Terminator
D An advocate
Answer: B
Question 102
Mixed Economy refers to
A Coexistence of small and large industries
B Coexistence of agriculture and industry
C Coexistence of public and private sector
D Coexistence of domestic and foreign enterprises
Answer: C
Question 103
The term bootstrapping is often associated with
A Start-ups
B Venture Capital Funds
C Financial institutions
D Non-Financial Institutions
Answer: A
Question 104
Ru Pay has been launched by
A National Securities Depository Limited
B National Payments Corporation of India
C Central Depository Services Limited
D Reserve Bank of India
Answer: B
Question 105
A startup defined as an entity that is headquartered in India, which was opened less than 10 years ago, and has an annual turn over
less than
A Rs. 10 crore
B Rs. 100 crore
C Rs. 50 crore
D Rs. 1 crore
Answer: B
Question 106
Who has launched the UPI-based payments app in the country by the name of ‘Tez’?
A IBM
B Google
C Microsoft
D TCS
Answer: B
Question 107
“a marketable product” signifies:
A A product that appeals to buyers and sell at a certain price range to generate profit
B A product that appeals to investors and help them get their money back
C A product whose market value is increasing continuously and becoming difficult for buyers to buy the same
D A product that is appreciated by the media houses and earn revenue from advertisements
Answer: A
Question 108
The phrase “and few are worth the paper they are printed on” as exists in the above passage means
A The ideas are good
B Hardly any idea is good
C Some ideas are good
D Thefew ideas that are good can get others to invest in it
Answer: B
Question 109
“Exit strategies”, as mentionedin the passage,signifies:
A An entrepreneur’s strategic plan to sell his or her ownership in a company to investors or another company
B An entrepreneur’s strategic plan to execute the daily plan for his/her business
C An entrepreneur’s strategic plan to conduct exit interviews for employees who plan to leave
D An entrepreneur’s strategic plan to analyse market and exit from one product to another
Answer: A
Question 110
According to the passage which are the essential ingredients for developing a business idea?
A Identify market but hide the idea from others
B Consult widely. Share your ideas with entrepreneurs. Identify markets
C Alwaysshare your ideas andgofor joint ventures
D Always speak to your investors first even before you develop your idea
Answer: B
Question 111
According to the given passage whichofthe following is NOT a correct statement?
A Ethics need to be carefully sewn into the fabric of any start-up
B Share your ideas with those who have doneit before
C It also shows that the phenomenonis heterogeneous
D In other words, funding comes just when you do not needit
Answer: C
Question 112
A. It is hard for even the best venture capitals to identify the potential successes.
B. Focus on validating your idea andbuildingit up.
A According to the above passage, both A and B are true
B According to the above passage, both A and B are false
C According to the above passage A is true and isfalse
D According to the above passage is false and B is true
Answer: A
Question 113
What are the two business ideas that are shared in the passage as examples?
A Starting a school and creating a web portal for selling grocery
B Starting a clothing store and creating a web portal for house hold services
C Starting a hospital and manufacturing a product
D Starting a restaurant and creating a software product
Answer: D
Question 114
Which of the following statements is true as per the given passage?
A Investors always respond promptly to funding applications
B Venture Capitalist is a sure source of funding for new businesses
C Ethics need to be carefully sewn into the fabric of any start-up
D The process of obtaining funding will proceed at a fast pace
Answer: C
Question 115
Which of the following advices are given by the writer in this passage?
A Make sure that you have enough money before you start your business
B Make sure you have secured an educational degree before you start your business
C Make sure that there is a real need for your product. Start small
D Make sure that you have approached an angel investor before you start your business
Answer: C
Question 116
The legal term for brandis :
A Patent
B Licence
C Trademark
D None of the above
Answer: C
Question 117
Entrepreneurs are risk
A Averse
B Haters
C Takers
D Lovers
Answer: C
Question 118
Entrepreneurial intent is linked to:
A Personality traits and the likelihood that an individual would set up a new venture
B High rewards and low risks
C Tapping opportunities and seeking recognition
D Managing resources and family context
Answer: A
Question 119
What type of financing do “Angel investors” usually provide?
A Debt
B Equity
C Stock sales
D None of the above
Answer: B
Question 120
Market segments should compromise of customers who:
A Share similarities
B Do not share similarities
C Have bought the productor service previously
D Have not bought the productor service previously
Answer: A
Question 121
The conclusion part of the business plan will identify the
A Feasibility of the business.
B Market description
C Administrative aspects of the business
D Business suppliers
Answer: A
Question 122
The idea and actions that explain how an entrepreneur will make his/her venture profitable and impactful is commonly referred to as
A Mission
B Goal
C Strategy
D Objective
Answer: C
Question 123
Among the barriers to entering an industry are:
A Patents
B Switching costs
C Status symbols
D All of the above
Answer: A
Question 124
Team members need a:
A Similar set of competencies
B Identical competencies
C Diverse set of competencies
D Unusual set of competencies
Answer: C
Question 125
A word, symbol, name, or device that a business uses to identify its goods and distinguish itself from others is called a
A Trade Mark
B Brand
C Asset
D Trade Secret
Answer: A
