BANK MCQ Quiz Hub

1. An individual who initiates, creates and manages a new business can be called _____________.
A leader
A manager
An entrepreneur
A professional

2. Trademarks relate to _______.
Practice and knowledge acquired through experience
The protection of proprietary information of commercial value
The right to reproduce ones own original work
Brand identity

3. Which industrial sector tends to naturally promote small-scale businesses and Entrepreneurship, and generally has lower barriers to market entry?
Service
Manufacturing
Distribution
Agriculture

4. Why are small businesses important to a country’s economy?
They give an outlet for entrepreneurs.
They can provide specialist support to larger companies.
They can be innovators of new products.
All the above.

5. Which of the following is the reason for business failure __________.
Lack of market research.
Poor financial control
Poor management
All the above

6. The use of informal networks by entrepreneurs to gather information is known as _______.
Secondary research.
Entrepreneurial networking
Informal parameters.
Marketing

7. Good sources of information for an entrepreneur about competitors can be obtained from_________.
Websites.
Product information leaflets.
Company reports and published accounts.
All the above

8. A new venture’s business plan is important because ______.
It helps to persuade others to commit funding to the venture.
Can help demonstrate the viability of the venture.
Provides a guide for business activities by defining objectives.
All the above

9. Primary data is________.
the most important data.
the data that is collected first.
new data specifically collected for a project
data that is collected second.

10. The purpose of all good small business strategy is__________.
to increase turnover.
to increase profitability
to achieve competitive advantage.
to achieve stated objectives.

11. Someone legally appointed to resolve the financial difficulties of an insolvent firm is called____________.
an administrator.
a predator.
an auditor
a turnaround consultant.

12. Goods or services reach the market place through ________.
marketing channels.
multilevel pyramids.
monopolies
multiplication

13. To provide financial assistance to entrepreneurs the government has set up a number of___________.
financial advisors.
financial intermediaries.
Industrial estates.
financial institutions.

14. State Industrial corporations engage in the development of__________.
industrial estates.
institutional estates.
individual investors.
agricultural entrepreneurs.

15. IFCI stands for____________.
Industrial finance corporation of India.
Institutional finance corporation of India.
Industrial funding corporation of India
Indian finance corporation and institution.

16. IFCI has been converted into a________.
joint-stock company.
co-operative society.
partnership firm.
sole proprietorship.

17. SIDBI was set up as a subsidiary of_________.
IDBI.
IFCI
ICICI
SFC.

18. SFC is prohibited from granting financial assistance to any company whose aggregate paid-up capital exceed__________.
1 crore.
1.5 crores
2 crores.
2.5 crores.

19. SIPCOT’s financial assistance is in the form of __________.
term loan.
seed capital scheme
underwriting the capital issues.
All the above

20. The business development department of SIPCOT guides entrepreneurs in ______.
applying for licences.
approval on collaboration.
allocation of scarce raw materials.
All the above.

21. TIIC is sponsored by the_________.
. Government of Karnataka.
Government of Andhra Pradesh
Government of Kerala
Government of Tamil Nadu.

22. In backward areas, term loans for expansion or setting up a new unit are available at __________ .
concessional terms.
differential terms.
standard terms
specific terms.

23. A commercial banker would prefer a ____________ debt-equity ratio over the years as it indicates financial strength of a unit.
Declining.
Increasing
Stable
Fluctuating

24. EDPs course contents contains ___________.
General introduction to entrepreneurs.
Motivation training
Managerial skills
All the above.

25. Entrepreneurial Guidance Bureau(EGB) was set up by____________.
SISI.
SIPCOT
IIC
SIDCO

26. _____ can be defined as a specifically evolved work plan to achieve a specific objective within a specific period of time
Idea generation.
Opportunity Scanning.
Project.
Strategy

27. Large investment is made in fixed assets, the project will be termed as __________.
Capital Intensive.
Labour Intensive
Product Intensive
Market Intensive.

28. PERT stands for __________.
A. Programme Evaluation and Research Techniques.
Project Evaluation and Review Techniques.
Programme Evaluation and Review Techniques
Project Evaluation and Research Techniques.

29. ___________ is a form of financing especially for funding high technology, high risk and perceived high reward projects
Fixed capital.
Current capital.
Seed capital.
Venture capital.

30. In _________, machines and equipments are arranged in the order or sequence in which they are to be used for manufacturing the product
Factory Layout.
Product Layout.
Process Layout.
Combined Layout.

31. The term ___________ denotes bonus or financial aid which is given by a government to an industry to help it compete with other units
Incentive.
Subsidy
Bounty
Concession

32. The granting of cash subsidy on the capital investment is called __________.
Concessional finance.
Quantum of Subsidy
Interest Subsidy.
Central Investment Subsidy.

33. _______ refers to some action which is a time consuming effort necessary to complete a specific event.
A Network.
An Activity.
An Event
A Node.

34. Activities which must be finished before a given event can occur are termed as _________.
. Preceeding Activities.
Succeeding Activities
Concurrent Activities
Dummy Activities.