This quiz works best with JavaScript enabled. Home > Agriculture > Business > Entrepreneurship > Entrepreneurship Development – Quiz 7 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurship Development Quiz 7 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Family business always interested to handover the change of his business to: A) Indian Administration Officers. B) Professional Managers. C) Next generation. D) None of the above. Show Answer Correct Answer: C) Next generation. 2. Who is Angel capitalist? A) Bank. B) State Financial Corporations. C) Individual who invest their own money for a business start-up, usually in exchange for convertible debt or ownership equity. D) Individual or firm invests in small companies, generally using money pooled from investment companies, large corporations, and pension funds. Show Answer Correct Answer: C) Individual who invest their own money for a business start-up, usually in exchange for convertible debt or ownership equity. 3. ..... is granted to small scale units under section 33B of the Income tax act, 1961. A) Depreciation Allowance. B) Development Debate. C) . Investment Allowance. D) Rehabilitation Allowance. Show Answer Correct Answer: D) Rehabilitation Allowance. 4. What are the functions that an entrepreneur performs? A) 1.Idea generation. B) 2. determination of business objectives. C) 3. raising of funds. D) 4. All of the above. Show Answer Correct Answer: D) 4. All of the above. 5. "Personality, lifestyle, attitudes and class" can be classified under which segmentation? (C2) A) Geographic. B) Psychographic. C) Demographic. D) Micrographic. Show Answer Correct Answer: B) Psychographic. 6. Which of the following is the best statement for brainstorming? A) Coming up with a single solution to a problem. B) Coming up with a main and a backup idea or solution. C) Coming up with many ideas or solutions as possible through discussions and consultations. D) Discarding any risky ideas or solutions for problems. Show Answer Correct Answer: C) Coming up with many ideas or solutions as possible through discussions and consultations. 7. New Small Scale industries are exempted from the payment of income tax under section 80Jis called ..... A) Development Rebate. B) Investment Allowance. C) Rehabilitation Allowance. D) Tax Holiday. Show Answer Correct Answer: B) Investment Allowance. 8. A business owned and run by 2 or more people is called ..... A) Partnership. B) Sole Proprietorship. C) Corporation. D) None of above. Show Answer Correct Answer: A) Partnership. 9. Strategic entrepreneurial marketing has been summarised as the 4Is:identification of target markets, interactive marketing methods, informal intelligence gathering and what is the fourth? A) Innovation. B) . independence. C) Internet. D) Instructiveness. Show Answer Correct Answer: A) Innovation. 10. A corporate manager who starts a new initiative for their company which entails setting up a new distinct business unit and board of directors can be regarded as? A) Social Entrepreneur. B) Ecopreneur. C) Technopreneur. D) Intrapreneur. Show Answer Correct Answer: D) Intrapreneur. 11. Reserve bank of India is a/an ..... A) Company limited by guarantee. B) Unlimited company. C) Statutory corporation. D) Company limited by shares. Show Answer Correct Answer: C) Statutory corporation. 12. In order to be an entrepreneur you will have to A) Face risks. B) Innovate. C) Organise and develop product. D) All of the above. Show Answer Correct Answer: D) All of the above. 13. Identify the famous Tagline " Plug Into Nirvana " A) BOAT. B) JBL. C) BOSE. D) SONY. Show Answer Correct Answer: A) BOAT. 14. Which decade was declared The Decade of Women by the United Nations? A) 2015-2025. B) 1985-1995. C) 1975-1985. D) 2005-2015. Show Answer Correct Answer: C) 1975-1985. 15. Which is push factor responsible for Women Entrepreneurship? A) Family income is insufficient. B) Financial Independence. C) Use of the existing skills and education. D) Higher social status. Show Answer Correct Answer: A) Family income is insufficient. 16. Advantages of Project Financing are:- A) Effective Debt Allocation. B) Risk Management. C) Economies of Scale. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 17. Entrepreneurs are able to create opportunities from problems because A) 1. they have access to correct resources. B) 2. They are plain lucky to be at the right place and at the right time. C) 3. They keep on trying, trying and are not being distracted by superficial features. D) 4. They think structurally to identify opportunities by making connections between a technology and a market that may not be obvious. Show Answer Correct Answer: D) 4. They think structurally to identify opportunities by making connections between a technology and a market that may not be obvious. 18. Methods of training are: A) Lecture method. B) Conferences. C) Group instructions. D) All of the above. Show Answer Correct Answer: D) All of the above. 19. ..... represents the automation of the fundamental, routine process used to support business operations. A) BES. B) ESS. C) TPS. D) DSS. Show Answer Correct Answer: C) TPS. 20. A person owning and running a small firm, is known as ..... A) An owner-manager. B) An enterprise worker. C) A professional adapter. D) A manager-owner. Show Answer Correct Answer: A) An owner-manager. 21. The process that motivates a person into action and induces him to continue the course of action for the achievement of goals is called as ..... A) Hard Work. B) Value. C) Motivation. D) None of above. Show Answer Correct Answer: C) Motivation. 22. ..... is an activity-oriented approach. A) WASP. B) CPM. C) GERT. D) PERT. Show Answer Correct Answer: B) CPM. 23. DGTD stands for ..... A) District General of Technical Development. B) Directorate General of Technical Development. C) Directorate General of Taxation Deduction. D) District General of Taxation Deduction. Show Answer Correct Answer: B) Directorate General of Technical Development. 24. Choose the correct statement on the advantages of social media marketing. (C3) A) High commitment of resources to managing your social media presence, responding to feedback and producing new content. B) Ineffective use - for example, using the network to push for sales without engaging with customers, or failing to respond to negative feedback - may damage your reputation. C) Difficult to quantify the return on investment. D) Compelling and relevant content will grab the attention of potential customers and increase brand visibility. Show Answer Correct Answer: D) Compelling and relevant content will grab the attention of potential customers and increase brand visibility. 25. As per MSMED Act 2006, in service sector a small enterprises is? A) Investment in equipment in less than or equal to Rs 10 Lakh. B) Investment in equipment in between Rs 10 lakh and Rs 2 Cr. C) Investment in equipment in between Rs 2 Cr and Rs 5 Cr. D) Investment in equipment in more than Rs 5 Cr. Show Answer Correct Answer: B) Investment in equipment in between Rs 10 lakh and Rs 2 Cr. 26. What is Economic Appraisal? A) Study on effect of the project on the whole economy. B) Study on Scale of operations. C) Study on Plant layout. D) Study on Technical Know-how. Show Answer Correct Answer: A) Study on effect of the project on the whole economy. 27. He granting of cash subs idy on the capital investment is called ..... A) Quantum of Subsidy. B) Central Investment Subsidy. C) Interest Subsidy. D) Concessional finance. Show Answer Correct Answer: B) Central Investment Subsidy. 28. Which is the best statement that best describe internet or online marketing? (C2) A) The process of promoting brand, product or services over the internet. B) The process of promoting product or services only over the internet. C) The process of promoting brand, product or services through online and offline. D) The process of promoting brand, product or services through offline. Show Answer Correct Answer: A) The process of promoting brand, product or services over the internet. 29. . Business risks can be ..... A) . ignored. B) Reduced. C) Avoided. D) . erased. Show Answer Correct Answer: B) Reduced. 30. Mr. A is keen to purchase branded items regardless how much does it cost. Which customer segments do you think Mr. A belongs to? (C2) A) Convenience seekers. B) Brand buyers. C) Casual buyers. D) Bargain hunters. Show Answer Correct Answer: A) Convenience seekers. ← PreviousNext →Related QuizzesBusiness QuizzesAgriculture QuizzesEntrepreneurship Development Quiz 1Entrepreneurship Development Quiz 2Entrepreneurship Development Quiz 3Entrepreneurship Development Quiz 4Entrepreneurship Development Quiz 5Entrepreneurship Development Quiz 6Entrepreneurship Development Quiz 8Entrepreneurship Development Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books