Question 101
What is the title of the Authorised Biography of J.R.D. TATA?
A My Times: An Autobiography
B Beyond the Last Blue Mountain
C Ace Against Odds
D Wings of Fire
Answer: B
Question 102
The process of gathering information about market or socio-economic trends is called
A Need for achievement
B Tenacity
C Neuroticism
D Environmental Scanning
Answer: D
Question 103
India’s first live Payments Bank was launched by
A Aditya Birla Idea
B Cholamandalam
C Bharti Airtel
D Paytm
Answer: C
Question 104
Which one of the following Ministry publishes the Economic Survey of India?
A Ministry of Finance
B Ministry of External Affairs
C Ministry of Commerce and Industry
D Ministry of Statistics and Programme Implementation
Answer: A
Question 105
Which city is ranked as one of the world’s five fastest growing startup cities?
A Cochin
B Ahmedabad
C Bangalore
D Nagpur
Answer: C
Question 106
Which country is No 1 in ease of doing business from last four years from 2017?
A Canada
B Norway
C United States
D New Zealand
Answer: D
Question 107
Once a minority-owned businessis established, self-help networks contribute which of the following to that business?
A Information regarding possible expansion of the business into nearby communities
B Encouragement of a business climate thatis nearly free of direct competition
C Opportunities for the business owner to reinvest profits in other minority-owned businesses
D Contact with people whoare likely to be customers of the new business
Answer: D
Question 108
The passage best supports which of the following statements?
A A minority entrepreneur who had noassistance from family members would not be able to start a business
B Self-help networks have been effective in helping entrepreneurs primarily in the last 50 years
C Minority groups have developed a range of alternatives to standard financing of business ventures
D Successful minority-owned businesses succeed primarily because of the personal strengths of their founders
Answer: C
Question 109
The passage claims that small-scale individual entrepreneurs
A Actually avoid banks because they assume that commercial institutions charge unreasonably highinterest rates
B Rushes to banks and other financial institutions for loan
C Avoid National Banks butbelievein the private ones
D Never uses own savings for entrepreneurship and depends on Govt. loan
Answer: A
Question 110
Which of the following shows the working of a self-help support network,as it is described in the passage?
A A public high school offers courses in book-keeping and accounting as part of its open enrollment adult education program
B The local government in a small city sets up a program that helps teen-agers find summerjobs
C A neighborhood-based fraternal organization develops a program of on-the-job training for its members and their friends
D A community college offers country residents training programs that can lead to certification in a variety of technical
Answer: C
Question 111
According to the passage the sociological analysis contends that
development
B Minority business ownership is not a group-level phenomenon,in that it is largely dependent upon social-group resources for its
development
C Minority business ownership is an individual phenomenon,in that it is not dependent upon social-group resources for its
development
D Minority business ownership is an individual phenomenon,in that it is independent of social-group resources for its development
Answer: A
Question 112
Which of the following can be inferred from the passage about the Irish building and loan associations?
A They were started by third- or fourth-generation immigrants
B They originated as offshoots of church-related groups
C They frequently helped Irish entrepreneurs to finance business not connected with construction
D They contributed to the employment of many Irish construction workers
Answer: D
Question 113
Based on the information in the passage, it would be LEAST likely for which of the following persons to be part of a self-help
network?
A The entrepreneur’s childhood friend
B The entrepreneur’s aunt
C The entrepreneur’s religious leader
D The entrepreneur’s banker
Answer: D
Question 114
Which of the following statement is NOT correct as per the avove passage?
A A major function of self-help networks is financial support
B Within the larger ethnic community, rotating credit associations have been used to raise capital
C This analysis indicates that support networks play a critical role in starting and maintaining minority business enterprises by providing owners with a range of assistance
D When you need venture funding no one will give any money until you already have a marketable product; in other words, funding comes just when you donot need it Minority bustness ownership is a group-level phenomenon, in that it is largely dependent upon social-group resources for its A
Answer: D
Question 115
According to the passage that traditional analyses of minority business would be LEAST likely to do which ofthe following?
A Examine businesses primarily in their social contexts
B Focus on current, rather than historical, examples of business enterprises
C Focus on the maintenance of businesses, rather than means of starting them
D Focus on the role of individual entrepreneurs in starting a business
Answer: A
Question 116
A business where an individual is both the owner and conductorof the businessaffairs is called
A Proprietorship Firms
B Partnership Firms
C Private Limited Company
D None of the above
Answer: A
Question 117
A recently registered enterprise started first time the business of online food delivery services using drones in its locality. This type
of business can be an example of
A A new enterprise based on new business concept
B An existing enterprise based on existing business concept
C A New enterprise based on existing business concept
D Existing Enterprise based on new business concept
Answer: A
Question 118
Which of the following is not one of the traits of an entrepreneur?
A Opportunity Exploration
B Perseverance
C External locus of control
D Risk Taking
Answer: C
Question 119
The executive summary of business plan should be prepared
A Before writing the entire business plan
B To describe the proposed business in detail
C So that it is at least 10 pages in length
D After you have written the entire business plan
Answer: D
Question 120
Which of the following describes a mission statementof start up?
A It describes the viability of the business
B It provides direction and purpose for the start up
C It should be written as the first step in developing a business plan
D All of the above
Answer: B
Question 121
At the early stage of start-up, entrepreneurs often focus on sales, but then discover that they need to equally focus on
A Overtrading
B Outsourcing
C Managing Cash flow
D Taking loan
Answer: C
Question 122
_ grants the holder the right to exclude others from making, selling, using or offering for sale or importing the invention.
A Trademark
B Patent
C Copy
D Trade secret
Answer: B
Question 123
Innovation management involves managing
A People
B Ideas
C Information
D All of the above
Answer: D
Question 124
The ——————— plan shows whether the businessis economically feasible or not.
A Human Resource
B Business
C Economic
D Operational
Answer: B
Question 125
Which of the following is NOT included in the financial section of a business plan?
A Projected income statements
B Break-even point
C Start-up costs
D None of the above
Answer: D
