Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R) . Read the statements and choose the correct answer.Assertion (A) Entrepreneurial innovation and experimentation constantly destroy the old and introduce new equilibria, making possible higher standards of living.Reason (R) Markets do not passively tend towards equilibrium until profit margtns are wiped out.
A. Both (A) and (R) are correct and (R) is the correct explanation of (A)
B. Both (A) and (R) are correct, but (R) is not correct explanation of (A)
C. (A) is correct, but (R) is incorrect
D. Both (A) and (R) are incorrect
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Stree Shakti Package for Women Entrepreneurs' is operated by which bank?
A. SIDBI
B. SBI
C. CANARA
D. SIDO
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Match the following
List-I (Authors) List-II (Books)
a. Everett Hagen
1. Theory of Social Change
b. David C. McClelland
2. The Achieving Society
c. Joseph A. Scheumpeter
3. A Theory of Economic Development
d. Koontz and O' Donnel
4. Principles of Management
A. a-1, b-3, c-2, d-4
B. a-3, b-4, c-2, d-1
C. a-3, b-1, c-4, d-2
D. a-1, b-2, c-3, d-4
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Match the following
List-I (Methods of decision-making) List-II (Technique)
a. General Method
1. Traditions and Assumptions
b. Mathematical Method
2. PERT
c. Principles of Management
3. Span of Control
d. Statistical Method
4. Probability Theory
A. a-1, b-3, c-2, d-4
B. a-1, b-2, c-3, d-4
C. a-3, b-1, c-4, d-2
D. a-1, b-4, c-2, d-3
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Which among following is not a rural the entrepreneur?
A. 1, 2, 5
B. 1, 3, 5
C. 2, 4, 5
D. 2, 5, 6
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The longest lasting trade agreement with the objective of liberalizing trade by eliminating or reducing tariffs, subsidies and quotas is
A. Free trade area - FTA
B. European community - EC
C. General agreement on tariffs and trade - GATT
D. The North American free trade agreement - NAFTA
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A patent is granted for a specified amount of time because of the assumption:
A. That during this time firm will cover its development costs
B. That firm will earn a sufficient profit during this period
C. To limit the monopoly of the firm
D. That it will stimulate idea and development of a better product
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Which is the objective of entrepreneurship?
A. To develop entrepreneurial tendencies
B. To promote innovation
C. Establishment of viable units
D. All of the above
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A typical inventor is usually
A. Highly creative & in love with the invention
B. Does not encourage change
C. Willing to modify the invention in order to augment commercial benefit
D. None of the given options
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Which of the following statements are correct?Statement I An entrepreneur takes initiative and does things before they are asked to do.Statement II Entrepreneurs have external locus of control and highly rely on intuition.Statement III Entrepreneurs are highly associated with team work and group decisionmaking.
A. Both I and II
B. Both II and III
C. Both I and III
D. All of the above
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Which is a social feature of entrepreneur?
A. Fair behaviour
B. Helpful
C. Respectful
D. All of these
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Which is the cause of emergence of Entrepreneurship?
A. Environmental factors
B. Socio-cultural factors
C. Individual factors
D. All of the above
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The entrepreneur utilizes the resources through
A. Identifying and evaluating the opportunity
B. Developing a business plan
C. Implementing the business plan
D. Manage the enterprise
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Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) was set up by Government of India and which of the following bank?
A. RBI
B. NABARD
C. SIDBI
D. MUDRA
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Federation of Associations of Small Industries of India (FASII) promoted in 1959 is which one of the following type?
A. Government organisation
B. Liaisoning organisation
C. Small scale unit
D. SSI Board
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Which of the following statements about the entrepreneurial climate is (are) true?
A. Trial and error are discouraged
B. Resources of the firm need to be available and easily accessible
C. A multi-disciplinary approach is discouraged
D. Failure are not allowed
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The entrepreneur in an advanced economic is an individual who . . . . . . . . something new into the economy - a method of production not yet tested by experience in the branch of manufacture concerned, a product with which consumers are not yet familiar, a new source of raw material, new markets and the like.
A. Introduces
B. Produced
C. Reduced
D. Increased
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Which of the following is NOT essential part of the contract?
A. All the parties involved should be named
B. Transaction should be described in detail
C. Obtain signatures of the persons involved
D. Place where contract takes place
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Match the following
List-I (Types of Motives) List-II (Features)
a. Competence motives
1. Closely tied to the learning concepts.
b. Secondary motives
2. Concerned with security regarding life, accident, love, job, etc.
c. Security motives
3. Concerned with achieving status or rank in a group, organisation or society.
d. Status motives
4. Show direct selectivity and persistence in interacting with environment.
A. a-1, b-2, c-3, d-4
B. a-4, b-1, c-2, d-3
C. a-2, b-3, c-4, d-1
D. a-3, b-1, c-2, d-4
Select an option to see the answer and solution.
Having more than 50% ownership position that provides the entrepreneur with managerial control is called
A. Joint venture
B. Majority interest
C. Horizontal merger
D. Diversified activity merger
Select an option to see the answer and solution.
