Entrepreneurship And Innovation MCQ

Test your knowledge with important Entrepreneurship And Innovation MCQ and their applications. These MCQs are beneficial for competitive exams too. Explore 30 + more Entrepreneurship And Innovation MCQs at Bissoy

• The resistance of employees in an organization against flexibility, growth and diversification can be overcome by developing
  ক

  Entrepreneurship

  খ

  Intrapreneurship

  গ

  Managerial domain

  ঘ

  Administrative domain
• In which year the IPR was enacted and upgraded?<br>1. 1948<br>2. 1956<br>3. 1965<br>4. 1977<br>5. 1991<br>6. 1980<br>7. 1973<br>8. 1999
  ক

  1, 2, 3, 4, 7, 8

  খ

  1, 3, 4, 5, 7, 8

  গ

  1, 2, 4, 5, 6, 7

  ঘ

  1, 2, 4, 6, 7, 8
• Name the institution which is set up as an apex bank to provide direct/indirect financial assistance under different schemes and also coordinates the functions of other institutions in similar activities
  ক

  SIDBI

  খ

  NSIC

  গ

  RSBDC

  ঘ

  None of the above
• An entrepreneur should be
  ক

  tactical planner

  খ

  motivator

  গ

  idealist

  ঘ

  all of these
• Which is the element of entrepreneurial behaviour?
  ক

  Profit-orientation

  খ

  Calculated risk

  গ

  Resourcefulness

  ঘ

  All of these
• Entrepreneurs are concerned about basic issues of
  ক

  Sales, costs and benefits

  খ

  Customers, sales and costs

  গ

  Risk, costs and benefits

  ঘ

  None of the above
• The nature of entrepreneurial environment includes
  ক

  Geographical area

  খ

  Internal and external environment

  গ

  Dynamic environment

  ঘ

  All of the above
• The numbern of items which can be exclusively manufactured in the small scale sector are
  ক

  20 items

  খ

  35 items

  গ

  50 items

  ঘ

  62 items
• Which is the central level organisation for the support of entrepreneurs?
  ক

  AISIE

  খ

  SISI

  গ

  SIDO

  ঘ

  All of these
• Which of the following is true for feasibility analysis?
  ক

  It is an analysis that evaluates that the project is completed in all the aspects

  খ

  The first stage in the project development process is feasibility

  গ

  A feasibility study is an assessment of the effectiveness of a concept through a disciplined and recorded thought process from its rational boginning to its ultimate end

  ঘ

  All of the above
• Name the institution which was set up in 1982 to promote integrated rural development.
  ক

  NSIC

  খ

  NABARD

  গ

  SIDBI

  ঘ

  NCEUS
• A horizontal merger
  ক

  Is the combination of firms in successive stages of production

  খ

  Is the combination of firms that produce closely related projects in same area

  গ

  Is the combination of firms that produce same products and sell in different areas

  ঘ

  None of the above
• Which is not a function of entrepreneur?
  ক

  To contribute to social development

  খ

  Product diversification

  গ

  Inspection of floor work

  ঘ

  All of the above
• Which is the apex body in India for formulating the policy in respect of entrepreneurship development?
  ক

  Reserve Bank of India

  খ

  Small Industrail Development Bank of India

  গ

  National Entrepreneurship Board

  ঘ

  Industrial Development Bank of India
• The relation of ordinary shares to preference share capital and loan capital is described as the
  ক

  Capital

  খ

  Capital structure

  গ

  Capital gearing

  ঘ

  Cost of capital
• Investment in plant and machinery/equipment (excluding land and building) w.r.t. manufacturing sector in small industry should be
  ক

  upto 25 lakh

  খ

  25 lakh to 5 crore

  গ

  5 crore to 10 crore

  ঘ

  None of these
• Which of the following is not included in feasibility study?
  ক

  Market feasibility

  খ

  Technical/Operational feasibility

  গ

  Financial feasibility

  ঘ

  Customer feasibility
• The creative process for problem solving that involves making the strange familiar in first step and then making the familiar strange through personal, direct or symbolic analogy is called.
  ক

  Synectics

  খ

  Gordon method

  গ

  Checklist method

  ঘ

  Scientific method
• Which of the following is a measure taken for revival of sick SSI
  ক

  Margin money scheme

  খ

  Reservation of items

  গ

  Export promotion

  ঘ

  Tax Holiday
• The factors impeding the growth of entrepreneurs include
  ক

  traditional society

  খ

  lack of basic infrastructure

  গ

  lack of entrepreneurship attitude

  ঘ

  All of the above
• The projected financial return to assess whether the venture is financially feasible considers each of the following except
  ক

  availability of equity capital

  খ

  amount of capital invested

  গ

  existing alternatives for the money being invested

  ঘ

  risks assumed in launching the business
• Which is the part of concept of Entrepreneurship?
  ক

  High achievement capacity

  খ

  Organisation building

  গ

  Group level reaction

  ঘ

  All of the above
• Which is the major hurdles in creative behaviour?
  ক

  Prejudice

  খ

  Fear of ridicule

  গ

  Fear of failure

  ঘ

  All of these
• Who is/are the member of All India Small Scale Industries Board?
  ক

  Representatives of Central Government

  খ

  Nominee of the State Government

  গ

  Nominee of the RBI

  ঘ

  All of the above
• Choose the correct statments.<br>Statement I An intrapreneur is a person within a large corporation who takes direct responsibility for turning an idea into a profitable finished product through assertive risk taking and innovation.<br>Statement II Intrapreneurship refers to employees initiatives in organisations to undertake something new, without being asked to do so.
  ক

  Statement I is correct, but Statement II is incorrect

  খ

  Statement II is correct, but Statement I is incorrect

  গ

  Both statements are correct

  ঘ

  Both statements are incorrect
• Which is types of creativity?
  ক

  Creativity by serendipity

  খ

  Exploratory creativity

  গ

  Normative creativity

  ঘ

  All of the above
• MSME is defined under which act?
  ক

  MSME Act, 2004

  খ

  MSMED Act, 2006

  গ

  MSMEDAct, 1999

  ঘ

  MSME Act, 2001
• Who viewed entrepreneur as a non-fixed income earner with known costs of production but uncertain income and therefore, operating at a risk?
  ক

  Adam Smith

  খ

  Richard Contillon

  গ

  Jean Baptiste Say

  ঘ

  Francis Wolker
• In terms of chronological age most entrepreneurs initiate their entrepreneurial carrier between ages of
  ক

  15 and 22

  খ

  22 and 45

  গ

  45 and 57

  ঘ

  57 and 63
• Which of the statements are correct for household industry?
  ক

  Comparison of skilled craftsmen and engineers who can work directly from their homes

  খ

  If the job needs less than 300 sq. ft. of space

  গ

  If the job requires less than 1 kw of power and less than 5 workers and does not cause pollution

  ঘ

  All of the above