This quiz works best with JavaScript enabled. Home > Business > Entrepreneurship > Entrepreneurship Development – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurship Development Quiz 8 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. As per the statistics, Small Medium Enterprises accounts how much % of the total exports in India? A) 50%. B) 70%. C) 40%. D) 85%. Show Answer Correct Answer: C) 40%. 2. The term "entrepreneurs" was applied to business initially by the French economist in the 18th century: A) Cantillon. B) Jan Tinbergen. C) J.S.Mill. D) None of above. Show Answer Correct Answer: A) Cantillon. 3. A performance and credit rating scheme has been launched by the MSME Ministry to assess creditworthiness and capabilities of industries in the sector. What is it called? A) Performance and Credit Rating Scheme. B) Zero Defect Zero Effect Certification. C) Performance and Economy Rating Scheme (d). D) None of the above. Show Answer Correct Answer: A) Performance and Credit Rating Scheme. 4. The process in which you would start a business offering a product or service to the targeted customer. A) Proprietorship. B) Partnership. C) Entrepreneurship. D) Internship. Show Answer Correct Answer: C) Entrepreneurship. 5. ..... is the systematic development of a project idea for the eventual purpose of arriving at an investment decision. A) Project identification. B) Project formulation. C) Project feasibility. D) Project evaluation. Show Answer Correct Answer: B) Project formulation. 6. Which of the following factors does the macro-environment not include? A) Political and regulatory factors. B) Customer needs in a given market. C) Social and demographic factors. D) . technological changes. Show Answer Correct Answer: B) Customer needs in a given market. 7. Which of the following is not considered to be a characteristic of a project? A) An established objective. B) Complex tasks. C) A clear beginning and end. D) Only for internal use. Show Answer Correct Answer: D) Only for internal use. 8. O & M refers to ..... A) Overall efficiency of business. B) Efficiency of office and administrative work. C) Office work measurement. D) Office and management study. Show Answer Correct Answer: D) Office and management study. 9. Section 80 HHB provides for a deduction of ..... of profits and gains earned by a resident Indian company A) 65%. B) 60%. C) 55%. D) 50%. Show Answer Correct Answer: D) 50%. 10. As per the statistics, small medium enterprise create how much jobs every year? A) 1 million. B) 2.4 million. C) 3 million. D) 1.3 million. Show Answer Correct Answer: D) 1.3 million. 11. A business that performs task for customers A) Retail Business. B) Service Business. C) Product Business. D) None of above. Show Answer Correct Answer: B) Service Business. 12. The small scale unit wishing to export has to obtain exporters code number from ..... A) The Reserve Bank of India. B) The Central Bank of India. C) Any Regional Bank. D) Any International Bank. Show Answer Correct Answer: A) The Reserve Bank of India. 13. The term Entrepreneur is derived from the ..... word A) English. B) Tamil. C) Hindi. D) French. Show Answer Correct Answer: D) French. 14. Which one is NOT a disadvantage of Entrepreneurship? A) Risky. B) Uncertain Income. C) You are the boss. D) Work long hours. Show Answer Correct Answer: C) You are the boss. 15. Which of these is a social barrier to entrepreneurship? A) Low status. B) Custom of people. C) Both. D) None. Show Answer Correct Answer: C) Both. 16. At the end of a feasibility study, owners/managers may decide to A) Switch industries. B) Pass the result along to compettiors. C) Run the study a second time. D) Postpone the venture until a later time. Show Answer Correct Answer: D) Postpone the venture until a later time. 17. Which are the problems encountered by Women while taking up Entrepreneurship? A) Lack of Finance. B) Stepping into new markets. C) Dual Responsibility. D) All of the above. Show Answer Correct Answer: D) All of the above. 18. Which of the following is a true statement about feasibility studies A) They are especially important for government projects. B) They are not useful for nonprofit organizations. C) They are inexpensive to conduct. D) They are used by businesses in every industry. Show Answer Correct Answer: D) They are used by businesses in every industry. 19. ..... identified innovation as a characteristic of entrepreneur for the first time in 1934. A) William Diamond. B) A.H.Cole. C) W.B.Gartner. D) J.A.Schuumpeter. Show Answer Correct Answer: D) J.A.Schuumpeter. 20. SWOT analysis s stands for? A) Success. B) Strength. C) Strategy. D) Survey. Show Answer Correct Answer: B) Strength. ← PreviousNext →Related QuizzesBusiness QuizzesEntrepreneurship Development Quiz 1Entrepreneurship Development Quiz 2Entrepreneurship Development Quiz 3Entrepreneurship Development Quiz 4Entrepreneurship Development Quiz 5Entrepreneurship Development Quiz 6Entrepreneurship Development Quiz 7Entrepreneurship Development Quiz 9Entrepreneurship Development Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books