if concepts in Entrepreneurship Be it Objective Questionswith Answers ’ je mos joss t appropriate answer and sta E @ rewrite the is a motivatio = anel nal fore erirepreneur takes a right decision and act une makes an (incentive, Subsidy, Seed Capital, Bank Loan) 0 denotes a single lump. sum which government to an entrepreneur to cover the cost. (Subsidy, Incentive, Over Draft, None of them) ) __—_—_ inspector visits the office of' the panch guides the entrepreneur in order to solve the pobre ag (Factory, District Industry, Income Tax, Sales Tax) @ ———_— supplies indigenous and imported machinery and equipment on easy financial terms. (SIDBI,_ NSIC, NIESBUD, SSIDO) @) provides seed capital scheme to technically or professionally qualified entrepreneurs. (SBI, IDBI, SIDBI, NSIC) [Ans.: (a) Incentive; (b) Subsidy; (c) District Industries; (d) NSIC; (e) SIDBI] 0) State whether the following statements are True or False: WW NIESBUD is an apex agency for coordinating and overseeing the activities of various institution and agencies engaged in entrepreneurship development. (April 18) () SIDBI provides working capital to entrepreneurs. (April 18) (®) KVIC promotes the sale of Rural industries. (April 18) {)- NABARD provides refinance assistance to state coopt banks. —€) SIDBI operates single window scheme. (April 18) ty 208+ @) True; (o) False: (c) False; (o) Tre (e) True] Match the pairs: is given by a technically qualified erative Group B () Laghu Udyog Bharti (i) Create infrastructure for © N@os WY" (i) Direct Marketing ssl1’s™ Entrepreneurship Management (BB!) 270 roe Vipul \\ iv) PMRY dy) HUDCO \\ ( . % Industry Association » (v) Refinance Assistance (c-iv); (d=); (e-i)] [Ans.: (av) (b (4) Define social entrepreneurship and state the characteristics and C irhportance of it. (April 18) (2) Explain the social responsibilities of an entrepreneur. (3) What are the various barriers to entrepreneurship? (April 18) (4) Define entrepreneur. Explain their characteristics. (April 18) (5) Define an Intrapreneur and explain their characteristics. (6) Explain the different types of Corporate Entrepreneur. (7) State Pinchot's spontaneous teams and formal venture teams. (8) Define business ethics. Explain the approaches to managing ethics. (9) Explain the different ethical practices and code of conduct. (April 18) (10) What do you mean by incentives and sub: importance to entrepreneur. (11) Explain the role and functions of National Institute for Entrepreneurship and ‘Small Business Development. (12) Explain the key features of National Policy on Skill Development and Entrepreneurship 2015. (13) Write short notes on: (a) Social Entrepreneurs. (b) Intrapreneurship. (c) Business Ethics. (April 18) (a) Ethical Consideration in Corporate Entrepreneurship. (e) Corporate v/s Intrapreneurial Culture. (fy Environmental Barriers to Entrepreneurship. (g) Arguments for and against Social Responsibility. (h) National Small Industries Corporation. (@ Entrepreneurship Development Institute of India. Small Industries Devélopment Organisation. sidies? Explain its a (k) Small Industries Service Institutes. oss Ww National Skill Development Corporation. (April 18) “ uy: 7 m “- ues * ©) ® Establish the first line of your Inte, non-compete Protection for items such as “Trade secrete , clauses, and Confidentiality Agreements etc. > Establish hiring and termination procedures. Objective Questions with Answers most appropri: . and rewrite the jatements: priate answel n state () — Channel refers to distributing goods with the help of intermediary agencies. (April 18) (Indirect, Direct, Multi-level, None of them) < (b) ___is a paid form of non-personal presentation and promotion of ideas, goods or services by an identified sponsor. (Advertising, Sales promotion, Branding, Personal selling) () _______involves investments in events or causes so that an organisation can enhance its reputation. (Sponsorship, Advertising, Personal’selling, None of them) The period exceeding i} ¢ _ years is regarded as long- term. (April 18) ae (Three, Four, Five) (e) ______ works as an apex body which looks after the financial needs of agriculture and rural development. (April 18) (NABARD, SIDBI, IDBI) () In segmentation market is divided on the basis of variables such as age, occupation, education, gender and income. (April 18) 7 (Geographic, Psychographic, Demographic) (9) system should make goods easily available to avoid artificial scarcities. (April 18) (Price, Promotion, Distribution) [Ans.: (a) Indirect; (b) Advertising; (c) Sponsorship; (d) Five; (e) NABARD; (f) Demographic; (g) Distribution] qd)ree Vipul's™ Entrepreneurship Management (es (2) ' State whether the following statements are True or False: Ae Testing of new ideas can be done using market research, (b) An entrepreneur usually consults his bankers before taking the decision regarding the selection of a location. (April 18) (oc) Transfer pricing refers to the pricing of goods or services “ rtd subsidiaries within a multinational corporation. (Aprij (d) Building layout refers to the arrangement of machines, equipment and other physical facilities within the factory premises. (ey Quality control is a technique by means of which products of = uniform acceptable quality are manufactured. (April 18) (A product with better distribution will never win over a superior product with poor distribution. (April 18) [Ans.: (a) True; (b) False; (c) True; (d) False; (e) True; (f) False] (3) Match the pairs: (April 18) * Group A Group B (a) Inventory control Y (i) Equipment Leasing (b) SIDBI Ww (ii), Changing Need \(@ sIcoM sy .. (iii) Delivery (d) Marketing mix § x i (iv), MSME E (e) Physical distribution \l \ (v) Inventory policy [Ans.: (a—v); (b-v); (¢— i); (di); (e — ii) 7 41) Explain the different stages in the new product development. (Api! (8) ; pefine a branding. Explain the’ different branding strategies for * new venture. (April 18) + ad What do you mean my channels of distribution? Explain ®) different distribution strategies for new ventures. they mean by pricing? Explain the different pricing s! ‘ strategies al way Whi J amt neamation etratanies far new venture?Choose the Statements” °St appropriate oo (9). The project opont is a sum, (Project ann (©) SWOT is mos 'd mary of Project r i "iect report, Business plan Non None of, " 10 be used dur Peete PENNING. (Apr yg) UD Ne Ha, ie (Proposal, Second, Final, Nong ms Gepensna Ty 8 8, Process epensing ‘formation for tact 108 eNO, an ‘vironmental Scannin Poet Nene ot them) “Sa: SWOT Anaiyss, Feast, Sey (d) The isa ‘i ——__is a briet outi a riel outline of the basic eration cy © (Operation plan, Business, Financial, None of them) e) 'S_ regarding the UP of private ited compos Mt (The Indian Companie MSMED Act 2008 Not [Ans.: (a) Project planni ‘Scanning; (4) Operation plan; (2) ‘State whether the following statements are True oy False: X(@) The continuity of existence for Limited laity has 10 lg restrictions’. (April 18) € sb) The project report should be sequentialy arranged. (Apr 18) % (€) The basic the succes: ironmental scanring _, Should be to minimise information. (April 18) ““(d)_Abusiness plan describes ail the relevant exter elements involved in starting a new venture. (A *(@) Once the venture is positioned, successtul enterprise wl experience a start-up stage. (April 16) DA(f) Project report increases the wastages of resources in the ‘business. (April 18) [Ans.: (a) False; (b) True; (c) False; (d) True; (0) Falso; (f) False) 1956, Partnershi them) Ae (b) Proposal; (c) Environmeny The Inaian Companies Act, 1955 _— i» opportuni Inte rms of entrepreneurial structures and state 8. forms. (April 18) ions of partnership. (A of partnership. (Apr il 18) 18) se merits and demeri hip. (A fi Se pares on ity partnership? State its merits an oe pri 18) trp 1 factors for starting a new en - ia rte problems of stating anew verte? ta 19 nat do you mean by a business plan? Explal loping a business plan. ironmer wnt scanning? State its advantages. ness plan. Siplain the areas to be covered in a - 2S oee econtets of @ you moan bya pie oP cor, ; at and exp the impatance of Pepa maa sct report? What are the essentials of a good proje project report.‘The Entrepreneur ree 59 (1) (2) resource, not only in generating ideas but also in capitalizing on them: Objective Questions with Answers Ghoose the most appropriate .answer and rewrite. the statements: ~* why : (a) Entrepreneurship involves risu- kwatnyas its activities: are subject to uncertainties. au (Innovation, risk-taking, Planning, Creativity) (b) An entrepreneur should havelwiman xehe\Skills to maintain good human relations. (Technical, Communication, leadership, human relations) ()\eteauatieris the ability to bring something new. into existence. (April 18) ; (Innovation, Creativity, Entrepreneurship, Leadership) (d) Innovation is the specific tool of @>\.c-¥, enn (Intrapreneur, businessman, entrepreneur, bankers) sac -\* Skill is used to measure sisk. (Financial skill, Human relation skills, management skills, diagnostic skills). (f). Need for achievement theory given by (McClelland, Hagen Knight) (g) People having _X\\<)~ need of achievement are becoming successful entrepreneurs. (High, Low, Medium) (h) Entrepreneur should have _ (Creative, Proactive, indirect) [Ans.:~(a) risk iaking; (b) human_ relations; (c) Innovation; (a) entrepreneur; (e) diagnostic; (f) McClelland; (g) High: (h) Creative] State whether the following statements are True or False: (@) An Entrepreneur is one who brings together the. factors Of Production and combinas them into a product. (b) An Entrepreneur need not be a good administrator () Managerial skills & leadership are the important qualities of an ideal entrepreneur. € (eel approach.60 8) (a) Finance is rightly called the life blood of every bus activity. Vipul’s™ Entrepreneurship Managemen; Me (e) A person can become a professional manager by aqui, knowledge. (April 18) << [Ans.: (a) True; (b) False; (c) True; (d) True; (e) True] Match the pairs: Group A Group B (a) Risk Taking (i) Continuing entities (b) Interpersonal skills \V (ii), Renders services (c) Managers ‘\ | (iii) Self employed (d) Enterprise K (iv) Human relations (e)_Entrepteneur'\| ° (v) Uncertainty [Ans.: (a - v); (b —iv); (ei; (di); (e ~ it] Questions for self-Practice