MCQOPTIONS
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MCQOPTIONS
This section includes 204 Mcqs, each offering curated multiple-choice questions to sharpen your Bachelor of Business Administration (BBA) knowledge and support exam preparation. Choose a topic below to get started.
| 151. |
MURDA is set up to refinance and support financial institutions like: |
| A. | Micro finance institution |
| B. | Private sector banks |
| C. | Non-banking finance companies |
| D. | All of the above |
| Answer» E. | |
| 152. |
As a continuing process of developing the entrepreneurs in the North East, NECON was started in 1987 at |
| A. | Guwahati |
| B. | Nagaland |
| C. | Imphal |
| D. | Shillong |
| Answer» D. Shillong | |
| 153. |
The role of small-scale industry in North East: |
| A. | To provide techno-economic and managerial consultancy,common facilities andextension services to the MSME sector |
| B. | Making available the economic information services needed for the MSME sector |
| C. | Developing human resources through training and skill upgradation |
| D. | All of the above |
| Answer» E. | |
| 154. |
The entrepreneurial career taken up by educated youth in North East India is |
| A. | Small |
| B. | Average |
| C. | Large |
| D. | None of the above |
| Answer» B. Average | |
| 155. |
Problems faced by the North East entrepreneurs: |
| A. | Paucity of funds |
| B. | Competition |
| C. | Legal formalities |
| D. | All of the above |
| Answer» E. | |
| 156. |
Small Industries Extension training Institute (SIET) launched a programme for starting industrial entrepreneurs in |
| A. | 1964 |
| B. | 1974 |
| C. | 1984 |
| D. | None of the above |
| Answer» C. 1984 | |
| 157. |
Which of the following is true with respect to problems faced by women entrepreneurs in North East? |
| A. | Significant entrepreneurial zeal and motivation |
| B. | There are no Socio-religious-political barriers |
| C. | Mostly preoccupied with household activities and responsibilities |
| D. | Abundance of of awareness and dynamism |
| Answer» D. Abundance of of awareness and dynamism | |
| 158. |
The full form of CWEI is |
| A. | Consensus of Women Entrepreneurs of India |
| B. | Consortium of Women Entrepreneurs of India |
| C. | Contribution of Women Entrepreneurs of India |
| D. | None of the above |
| Answer» C. Contribution of Women Entrepreneurs of India | |
| 159. |
Small scale industries (SSIs) also known as MSMEs are defined & categorized by the Micro, Small & Medium Enterprises Development Act |
| A. | 2006 |
| B. | 2007 |
| C. | 2008 |
| D. | 2009 |
| Answer» D. 2009 | |
| 160. |
Prime Minister s Employment Generation Programme (PMEGP) was introduced in: |
| A. | July 2008 |
| B. | August 2018 |
| C. | August 2008 |
| D. | October 2006 |
| Answer» D. October 2006 | |
| 161. |
The full form of NEDFi is |
| A. | North Eastern Fitness Development Centre Ltd |
| B. | North Eastern Development Finance Corporation Ltd |
| C. | North Eastern Financial Development pvt Ltd |
| D. | None of the above |
| Answer» C. North Eastern Financial Development pvt Ltd | |
| 162. |
DIC is the abbreviated form of |
| A. | District Incubation Centre |
| B. | Direct Innovation Centre |
| C. | District Industries Centre |
| D. | Non of the above |
| Answer» D. Non of the above | |
| 163. |
State Industrial Development Corporation is to provide assistance in the form of |
| A. | Technical assistance |
| B. | Developmental assistance |
| C. | Term loans |
| D. | None of the above |
| Answer» D. None of the above | |
| 164. |
State financial corporation was set up in |
| A. | 1948 |
| B. | 1949 |
| C. | 1950 |
| D. | 1951 |
| Answer» B. 1949 | |
| 165. |
Which of the following is false with respect to prospects of entrepreneurship in North East? |
| A. | Communication and transportation links improve |
| B. | Investment has been coming in on various fronts in recent years |
| C. | Abundance of funds |
| D. | The region s educational attainments helps capture international mainstreams |
| Answer» D. The region s educational attainments helps capture international mainstreams | |
| 166. |
Drone entrepreneurs are characterised by |
| A. | Rigid ways |
| B. | Liberal attitude |
| C. | Conservative thinking |
| D. | Flexible attitude |
| Answer» B. Liberal attitude | |
| 167. |
John Stuart Mill observed the necessity of entrepreneurship in business for economic development in |
| A. | 1945 |
| B. | 1946 |
| C. | 1947 |
| D. | 1948 |
| Answer» E. | |
| 168. |
In the North-Eastern region of India, designed and methodical efforts in entrepreneurship development began in the |
| A. | 70 s |
| B. | 80 s |
| C. | 90 s |
| D. | None of the above |
| Answer» B. 80 s | |
| 169. |
Entrepreneurship development institute of India was set up in |
| A. | 1983 |
| B. | 1993 |
| C. | 1994 |
| D. | 1984 |
| Answer» B. 1993 | |
| 170. |
The term concept of entrepreneurship originated in |
| A. | 18th century |
| B. | 17th century |
| C. | 16th century |
| D. | 15th century |
| Answer» D. 15th century | |
| 171. |
Entrepreneurship is an innovative function. It is leadership rather than ownership, was given by: |
| A. | H N Pathak |
| B. | Joseph A. Schumpeter |
| C. | Peter F Drucker |
| D. | H W Johnson |
| Answer» D. H W Johnson | |
| 172. |
_____ was set up to act as a catalyst on entrepreneurship development with it sfocus on North East: |
| A. | IIE |
| B. | NEITCO |
| C. | NSIV |
| D. | SISIs |
| Answer» B. NEITCO | |
| 173. |
In investment in plant and machinery , Small Scale Enterprise |
| A. | Must be between 5 lakh rupees but does not exceed 25 lakhs rupees |
| B. | Must be between 25 lakhs rupees but does not exceed 5 crore rupees |
| C. | Must be between 30 lakhs rupees but does not exceed 10 crore rupees |
| D. | Must be between 2 lakhs rupees but does not exceed 5 lakhs rupees |
| Answer» C. Must be between 30 lakhs rupees but does not exceed 10 crore rupees | |
| 174. |
Many entrepreneurs fail due to |
| A. | Lack of motivation |
| B. | Lack of technical skills |
| C. | Lack of business knowledge |
| D. | All of the above |
| Answer» E. | |
| 175. |
Investment in plant & machinery of the Micro enterprises in manufacturing enterprises is: |
| A. | Upto Rs 25 lakhs |
| B. | Upto Rs 20 lakhs |
| C. | Upto Rs 10 lakhs |
| D. | Upto Rs 5 crore |
| Answer» C. Upto Rs 10 lakhs | |
| 176. |
The full form of MSME is |
| A. | Mini, small and Medium Enterprise |
| B. | Micro, small and Medium Enterprise |
| C. | Micro, small and Moderate Enterprise |
| D. | Mini, small and Many Enterprise |
| Answer» C. Micro, small and Moderate Enterprise | |
| 177. |
MUDRA scheme is applicable to which type of MSE businesses under income generation purpose |
| A. | Newly start ups |
| B. | Existing business for expansion or up-gradation |
| C. | Both a and b |
| D. | None of the above |
| Answer» E. | |
| 178. |
North East Industrial and Investment Promotion Policy The full form of NEIIPP, 2007 is |
| A. | North East Industrial and Investment Promotion Policy |
| B. | North East Industrial and Infrastructure Promotion Policy |
| C. | North East Industrialist Investment Promotion Policy |
| D. | None of the above |
| Answer» B. North East Industrial and Infrastructure Promotion Policy | |
| 179. |
Which of the following is not a Managerial function of entrepreneur? |
| A. | Accounting |
| B. | Organizing |
| C. | Staffing |
| D. | Planning |
| Answer» B. Organizing | |
| 180. |
Industrial Credit and Investment Corporation of India (ICICI) was set up on |
| A. | January 1955 |
| B. | February 1955 |
| C. | March 1956 |
| D. | January 1965 |
| Answer» B. February 1955 | |
| 181. |
MUDRA has already created the following products / schemes |
| A. | Shishu |
| B. | Kishor |
| C. | Tarun |
| D. | All of the above |
| Answer» B. Kishor | |
| 182. |
MUDRA has been set up by whom? |
| A. | Government of India |
| B. | RBI |
| C. | SEBI |
| D. | IDBI |
| Answer» B. RBI | |
| 183. |
Indian Institute of Entrepreneurship is situated at |
| A. | Shillong |
| B. | Imphal |
| C. | Guwahati |
| D. | Aizawl |
| Answer» D. Aizawl | |
| 184. |
In relation to Indian Industries, entrepreneurship is |
| A. | Necessary |
| B. | Unnecessary |
| C. | Burden |
| D. | Wastage of time & money |
| Answer» B. Unnecessary | |
| 185. |
In relation to Indian industries entrepreneurship is: |
| A. | Necessary |
| B. | Burden |
| C. | Unnecessary |
| D. | Wastage of time & money |
| Answer» B. Burden | |
| 186. |
According to Druckers, how many conditions have to be fulfilled for systematic innovation |
| A. | Three |
| B. | Four |
| C. | Five |
| D. | Six |
| Answer» B. Four | |
| 187. |
Good sources of information for an entrepreneur about competitors can be obtained from |
| A. | Websites |
| B. | Product information leaflets |
| C. | Company reports and published accounts |
| D. | All of the above |
| Answer» E. | |
| 188. |
The duration of an EDP is generally for a period of: |
| A. | 3 Weeks |
| B. | 4 Weeks |
| C. | 5 Weeks |
| D. | 6 Weeks |
| Answer» B. 4 Weeks | |
| 189. |
Entrepreneurship Development Programme (EDP) may be defined as: |
| A. | Training Programme |
| B. | Committee meeting |
| C. | Community programme |
| D. | Social service |
| Answer» B. Committee meeting | |
| 190. |
Innovation is considered as hallmark for an entrepreneur is the view held by; |
| A. | Richard Cantillon |
| B. | Peter Drucker |
| C. | Joseph A Schumpter |
| D. | David C.McClelland |
| Answer» D. David C.McClelland | |
| 191. |
Promotion is the discovery of business opportunities and subsequent organisation of funds, property and managerial ability into a business concern for the purpose of earning profit thereon. this definition is given by: |
| A. | C.W Gerstenberg |
| B. | Elan R.K.N |
| C. | Nick Mick |
| D. | T.R Ming |
| Answer» B. Elan R.K.N | |
| 192. |
An industry established before the commencement of MSME Act 2006 and having investment in plant and machinery of more than Rs. 1 crore but not exceeding 10 crore, was also required to file memorandum within |
| A. | 60 days |
| B. | 80 days |
| C. | 160 days |
| D. | 180 days |
| Answer» B. 80 days | |
| 193. |
Entrepreneurs reacted to economic change, thereby becoming the economic agents who transformed demand into supply. This statement is given by: |
| A. | Adam Smith |
| B. | Cantillon |
| C. | Evans |
| D. | Peter F Drucker |
| Answer» B. Cantillon | |
| 194. |
Under the Credit Linked Subsidy Scheme, the rate of subsidy has been raised following the amendments from 12% to: |
| A. | 16% |
| B. | 20 |
| C. | 13% |
| D. | 15% |
| Answer» E. | |
| 195. |
The level at which an individual is viewed by society is called |
| A. | Financial status |
| B. | Qualification |
| C. | Social status |
| D. | Achievement |
| Answer» D. Achievement | |
| 196. |
_____________ may be defined as an attractive project idea: |
| A. | Business opportunity |
| B. | Idea generation |
| C. | Good market |
| D. | Investment |
| Answer» B. Idea generation | |
| 197. |
The Indian Institute of Entrepreneurship (IIE) was established in the year |
| A. | 1989 |
| B. | 1998 |
| C. | 1993 |
| D. | 2002 |
| Answer» D. 2002 | |
| 198. |
Phases of EDP consist of |
| A. | Pre-training phase |
| B. | Training phase |
| C. | Follow-up |
| D. | All of the above |
| Answer» E. | |
| 199. |
According to Schumpeter s Theory of Innovation, innovation involve: |
| A. | New products |
| B. | Opening of new market |
| C. | New method of production |
| D. | All of the above |
| Answer» E. | |
| 200. |
The basic purpose of economic analysis, resources should be valued in terms of their |
| A. | economic cost |
| B. | production cost |
| C. | price cost |
| D. | opportunity cost |
| Answer» E. | |