Micro enterprises are the enterprises where investment in plant and machinery does not exceed . . . . . . . . .
A. 10 lakh
B. 5 crore
C. 25 lakh
D. 10 crore
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State Financial Corporation Act encourages in
A. establishing industrial estates
B. establishing small and medium size industries
C. establishing agricultural farms
D. All of the above
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The entrepreneur's . . . . . . . . depends on his perception of the opportunity
A. Commitment to opportunity
B. Commitment of resources
C. Control of resources
D. Strategic orientation
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Which of the following statements are correct with regard to sick unit?
A. Any of the borrower account of the enterprise remains NPA for three months or more
B. There is erosion in the net worth due.to accumulated losses to the extent of 50% of its net worth during the previous accounting year
C. Both A and B
D. None of the above
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Which of the following is an external reason for the sickness of a small business?
A. Choice of an idea
B. Inadequate finance
C. Volatile business environment
D. Lack of vertical and horizontal integration
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which of the following are the signals of industrial sickness?
1. Rapid labour turnover
2. Labour number of law suits against company
3. Failure to pay statutory liabilities
4. Stable profits
5. Downward sales
6. Larger and longer outstanding bills
A. 1, 2, 3, 4, 5
B. 1, 3, 5, 6
C. 1, 3, 4, 5, 6
D. All of the above
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Which is the concept of entrepreneurship?
A. Group level reaction
B. Organisation building
C. High achievement capacity
D. All of the above
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Match the following
List-I (Stage of Project)
List-II (Forms of Venture Capital)
a. Development of an idea
1. Seed capital
b. Implementation stage
2. Start up finance
c. Fledging stage
3. Additional finance
d. Establishment stage
4. Establishment finance
5. Cost
A. a-2, b-1, c-4, d-3
B. a-5, b-1, c-4, d-3
C. a-1, b-2, c-3, d-4
D. a-1, b-2, c-4, d-3
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Entrepreneurship is
A. The seemingly discontinuous process of combining resources to produce new goods or services
B. A project
C. A service
D. A product
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Investment in plant and machinery/equipment (excluding land and building) w.r.t. manufacturing sector in medium industry should be
A. upto 25 lakh
B. 25 lakh to 5 crore
C. 5 crore to 10 crore
D. None of the above
Select an option to see the answer and solution.
SFURTI (Scheme of fund for regeneration of traditional industries) is implemented by
A. Union Ministry of Traditional Industries
B. National Agricultural cooperative
C. Federation of Indian Chamber of Commerce and Industry
D. Union Ministry of Micro, Small and Medium Enterprises
Select an option to see the answer and solution.
If the investment in fixed assets or plant and machinery does not exceed one Rs. 1 crore, then that particular firm come under the category of
A. tiny industry
B. small scale industry
C. village industry
D. cottage industry
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Match the following.
List-I (Type of Entrepreneurship)
List-II (Feature)
a. Private entrepreneurship
1. Capitalists
b. State entrepreneurship
2. Socialists
c. Joint entrepreneurship
3. Centre-state's role
d. Co-operative entrepreneurship
4. Mutual cooperation
A. a-1, b-3, c-4, d-2
B. a-1, b-2, c-3, d-4
C. a-4, b-2, c-1, d-3
D. a-3, b-1, c-2, d-4
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. . . . . . . . is a favourable set of circumstances that creates a need for a new product service or business.
A. A niche
B. A venture
C. A trend
D. An opportunity
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Licensing arrangements have
A. Low risk process involved
B. Easy way to generate incremental income
C. Several pitfalls
D. All of the above
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Which one of the following is not a major area of entrepreneurial innovation as suggested by Joseph Schumpeter?
A. Innovation product
B. Process innovation
C. Market innovation
D. Structural innovation
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Which is the state level organisation?
A. Rajasthan Small Industry Board
B. State Small Industry Corporation
C. Directorate of industry
D. All of the above
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Following are the problems in developing the economies EXCEPT
A. Gap of knowledge
B. Variable rate of return
C. Same communication style
D. Different accounting system
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Companies identify their assets with the date of purchase, because it can be helpful in determining depreciation for
A. Goodwill
B. Trade rebate
C. Tax purposes
D. Capital structuring
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Who among the following is not the first generation entrepreneur?
A. Dhirubhai Ambani
B. Shiv Nadar
C. K. Anji Reddy
D. G. D. Birla
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