- QUESTION
Match List I with List II:
| List I | List II |
| (A) Plant and Machinery Records | (1) Design thinking |
| (B) Profit Statements | (II) Technical feasibility |
| (C) Creativity and Innovation | (III) Financial feasibility |
| (D) Empathize | (IV) Business ideation |
Choose the correct answer from the options given below
A)(A)-(1), (B)-(II), (C)-(III), (D)-(IV)
B)(A)-(II), (B)-(III), (C)-(IV), (D)-(I)
C)(A)-(IV), (B)-(I), (C)-(II), (D)-(III)
D)(A)-(II), (B)-(IV), (C)-(III), (D)-(I)
Explanation
(B)
=(A)-(II), (B)-(III), (C)-(IV), (D)-(I)
QUESTION-2
Shruti wants to launch a small floral shop in Nagarbhavi, Bengaluru. As part of business plan, she prepared an engaging. MS Powerpoint presentation to garner interest among potential investors and trigger discussion. This format of business plan is known as
A) Business plan
B)Pitch deck
C)Presentation
D)Business talk
Explanation
(B)
= Pitch deck
QUESTION-3
The legal term for brand is
A)Patent
B)License
C)Copyright
D)Trade mark
Explanation
(D)
= Trade mark
QUESTION-4
Which of the following factors are not relevant for judging the adequacy of market?
A)Labour Market
B)Domestic Market Demand
C)Export Market Demand
D)Competitors and their market shares
Explanation
(A)
= Labour Market
QUESTION-5
Diffusion of Innovation theory is associated with
A)Schumpeter
B)Peter Drucker
C)Fedrick Taylor
D)E.M. Rogers
Explanation
(D)
= E.M. Rogers
QUESTION-6
Handson learning can be best taught through.
(A) Case study analysis
(B) Entrepreneurial Audit
(C) Entrepreneurial profiling
(D) Class discussion
(E) Focused group discussion
Choose the correct answer from the options given below :
A)A, B, C only
B)C, D, E only
C)A, B, E only
D)A, B, C, D only
Explanation
(A)
= A, B, C only
QUESTION-7
Following are the reasons of success of entrepreneurial ventures
(A) Effective Market Research
(B) Good Financial Control
(C) Good Management
(D) Caste of Entrepreneur
(E) Good Idea
Choose the correct answer from the options given below:
A)B, C, D only
B)A, C, D only
C)A, B, C, E only
D)B, D, E only
Explanation
(C)
= A, B, C, E only
QUESTION-8
Becoming an entrepreneur is more about
A)money
B)commitment
C)support available
D)mindset
Explanation
(D)
= mindset
QUESTION-9
Given below are two statements:
Statement I Business ideation is important aspect of venture creation.
Statement II Conversation that happens in an elevator is known as elevator pitch.
In the light of the above statements, choose the most appropriate answer from the options given below:
A)Both Statement I and Statement II are correct
B)Both Statement I and Statement II are incorrect
C)Statement I is correct but Statement II is incorrect
D)Statement II is correct but Statement I is incorrect
Explanation
(C)
= Statement I is correct but Statement II is incorrect
QUESTION-10
Along with goal setting, major concerns for a growing enterprise are
(A) Time management.
(B) Finding, retaining and motivating able human resource
(C) Finding new financers
(D) Diversification and export potential
(E) Performance measurement and incentives
Choose the correct answer from the options given below :
A)A, B, C, D, E
B)A, C, D, E only
C)B, C, D only
D)A, B, E only
Explanation
(D)
= A, B, E only
QUESTION-11
Which of the following statements are correct?
(A) SMILE loans are aimed pursue growth opportunities
(B) SMILE loans are aimed to pay for the earlier loan
(C) SMILE loans are available to both manufacture and services organisation.
(D) SMILE loans are aimed at setting upstate of the Art manufacturing infrastructure for MSME
(E) SMILE loans are aimed at meeting consumption need of farm based entrepreneures.
Choose the correct answer from the options given below:
A)A, B, C only
B)AC. Donly
C)B, C, E only
D)C, D, E only
Explanation
(B)
= A,C,D only
QUESTION-12
Shaadi.com, an online match making service is an example of following start up model
A)Subscription based business service model
B)Transaction based business service model
C)Multilevel marketing premium model
D)Relationship based selling
Explanation
(A)
= Subscription based business service model
QUESTION-13
To maintain consistent business through out the year, an entrepreneur may
A)do multiple businesses at a time
B)have more than one customer segment
C)do gurilla marketing and sales promotion
D)do business plan
Explanation
(B)
= have more than one customer segment
QUESTION-14
Given below are two statements:
Statement I : Dividing the market in small niches is known as targeting.
Statement II: Segmentation and targeting are essential components of understanding the market and tap it effectively.
In the light of the above statements, choose the correct answer from the options given below
A)Both Statement I and Statement II are true
B)Both Statement I and Statement II are false
C)Statement I is true but Statement II is false
D)Statement I is false but Statement II is true
Explanation
(D)
= Statement I is false but Statement II is true
QUESTION-15
Critical evaluation points of Entrepreneurship Development Programmes (EDPs) are:
(A) Organisational Policies
(B) Suitable selection procedure of trainees and Faculty
(C) Quality of Technical and Vocational Education and Training
(D) Organisation associated in the EDP
Choose the correct answer from the options given below:
A)C, D only
B)A, B, C, D only
C)A, B, C only
D)B, D only
Explanation
(C)
= A, B, C only
QUESTION-16
‘Entrepreneur’ means
A)to struggle
B)to undertake
C)to invent
D)to motivate
Explanation
(B)
=to undertake
QUESTION-17
Match List I with List II:
| List I | List II |
| (A) Manager | (1) Value addition |
| (B) Retailer | II) Gets the work done |
| (C) Entrepreneur | (III) Works on existing business model |
| (D) Business Man | (IV) Calculate risk taking |
Choose the correct answer from the options given below:
A)(A)-(II), (B)-(I), (C)-(IV), (D)-(III)
B)(A)-(1), (B)-(II), (C)-(IV), (D)-(III)
C)(A)-(II), (B)-(IV), (C)-(III), (D)-(1)
D)(A)-(I), (B)-(II), (C)-(III), (D)-(IV)
Explanation
(A)
= (A)-(II), (B)-(I), (C)-(IV), (D)-(III)
QUESTION-18
Given below are two statements:
Statement I : Changing competition in market place is the primary reason for govt involvement in business globally.
Statement II: Increase in cost of production is the primary reason for govt in business globally.
In the light of the above statements, choose the most appropriate answer from the options given below:
A)Both Statement I and Statement II are correct
B)Both Statement I and Statement II are incorrect
C)Statement I is correct but Statement II is incorrect
D)Statement I is incorrect but Statement II is correct
Explanation
(C)
= Statement I is correct but Statement II is incorrect
QUESTION-19
Design thinking has following important stages. Arrange in a sequence.
(A) Define
(B) Empathize
(C) Prototype
(D) Test
(E) Ideate
Choose the correct answer from the options given below:
A)B, A, E, C, D
B)B, E, A, D, C
C)A, B, C, D, E
D)A, B, C, E, D
Explanation
(A)
= B, A, E, C, D
QUESTION-20
Bottom line measures of social performance for an entrepreneur include the following
(A) Unemployment rate
(B) Relative Poverty
(C) GDP Growth
(D) Average Commute Time
(E) Illiteracy Rate
Choose the correct answer from the options given below:
A)A, B, D, E only
B)A, C, D, E only
C)A, B, C, D, E only
D)B, C, D, E only
Explanation
(A)
= A, B, D, E only
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