AKTU Solve Paper
Entrepreneurship Development
Year - 2019 - 20
Q1. An indiviual who starts creates and manages a new business can be called_____________.
Ans. An Entrepreneur
Q2. Trademarks relate to ______________.
Ans. Brand Identity
Q3. Which could provide an individual with the motivation to start a new business venture ?
Ans. 1. The financial rewards.
2. A desire to be independent.
3. Risk taking
4. All the above.
Q4. Which industrial sector promotes small scale businesses and entreprenurship and has lower barriers to market entry?
Ans. Service
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| Entrepreneurship Development Solved Paper AKTU 2019 - 20 |
Q5. why are small business important to a country's economy?
Ans. A. They give an outlet for entrepreneurs.
B. They can provide specialist support to larger companies.
C. They can be innovators of new products.
D. All the above
Q6. A business arrangement where one party allows another party to use a business name and sell its products or services is known as_______.
Ans. A franchise.
Q7. Which of the following is the reason of for business failure__________.
Ans. A. Lack of market research.
B. Poor financial control.
C. Poor management.
D. All the above.
Q8. The use of informal networks by entrepernurs to gather information is known as_______.
Ans. Entrepreneurial networking
Q9. Good source of information for an entreprenure about competitors can be obtained from_______.
Ans. A. Websites.
B. Product information leaflets.
C. Company reports and published accounts.
D. All the above.
Q10. Primary data is ___________.
Ans. New data specifically collected for a project.
Q11. Innovtion can be best defined as ____________.
Ans. The sucessful exploitation of new ideas.
Q12. Entreprenurs are motivated by ________.
Ans. A. money.
B. personal values.
C. pull influences.
D. All the above
Q13. Which of the following is described as one of the big five personality traits ?
Ans. Propensity to leadership
Q14. The purpose of all good small business strategy is _____.
Ans. To achieve stated objectives.
Q15. Someone legally appointed to resolve the financial difficulties of an insolvent firm is called ___________.
Ans. An administrator.
Q16. Good or service reach the market place through__________.
Ans. Marketing channels
Q17. To provide finacial assistance to an entreprenur the government has set up an number of ___________.
Ans. Financial Instituions
Q18. IFCI stands for _______.
Ans. Industrial Finance Corporation of India
Q19. IFCI has been converted into a __________.
Ans. Joint stock company
Q20. _________ can be defined as a specifically evolved work plan dense to acheive a specific objective within a specefic period of time.
Ans. Project.
Q21. ___________ is used to accomplish the project economically in the minimum available time with limited resources.
Ans. Project Scheduling.
Q22. New small-scale industries are exempted from the payment of income tax under section 80J is called _______.
Ans. Investment Allowance.
Q23. _______ may be defined as the excess of present value of project cash inflows over that of out flows.
Ans. Net present value technique.
Q24. Decisions which are concerned with policy matters are exercise fundamental influence on the objectives of the organization are called as _____.
Ans. Strategic decisions
Q25. ________ is the systematic development of a project idea for the eventual purpose of arriving at an investment decision.
Ans. Project formulation.
Q26. The process of prepairing an inventory of skills needed for effective implementation of the project is called as _______.
Ans. Managerial competence.
Q27. A provisional SSI registration ceritificate is valid a period of _______.
Ans. One year
Q28. Which of the following is not one of the 4 M's ?
Ans. Money, material, machine and manpower are the Four Ms
correct option (motivation)
Q29. A key aspect of the financial section of the business plan is _______.
Ans. Sales Forecast
Q30. Which one of the following describes unemployement ?
Ans. The number of people who are jobless and are actively seeking work.
Q31. Which one of the following is not considered as one of the buliding of the model of the entreprenure ?
Ans. Business awareness
Q32. An Entreprenur who one owns more than one business at a time is called ________.
Ans. A portfolio entrepreneur
Q33. Underestimation of project cost leads to ________.
Ans. Cost over run
Q34. Decisions which are non-repetitive and novel nature and required to solve understructured problems is called as ___________.
Ans. Non -programmed decisions
Q35. The application for registration of a small scale unit should be submitted to the _________.
Ans. General manager, DIC
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