1. Match the items of List – I with List – II relating to entrepreneurship:
| List – I | List – II |
|---|---|
| a. Richard Cantillon | i. Entrepreneurs are engaged in economic activity |
| b. Joseph Schumpeter |
ii. Entrepreneur introduces innovation and change |
| c. J.K. Galbraith | iii. Entrepreneur must work hard to achieve something |
A. (iii) (i) (ii)
B. (ii) (i) (iii)
C. (ii) (iii) (i)
D. (i) (iii) (ii)
Correct Answer: C
2. The stage where support is provided to industrial units facing early symptoms of sickness is called:
A. Recovery stage
B. Handholding stage
C. Financial restructuring stage
D. Insolvency stage
Correct Answer: B
3. Federation of Associations of Small Industries of India (FASII), promoted in 1959, is a:
A. Government organisation
B. Liaisoning organisation
C. Small Scale Unit
D. Industrial estate body
Correct Answer: B
4. Under the Sick Industrial Companies Act (SICA), public sector companies were covered from:
A. February 1994
B. January 1990
C. December 1991
D. March 1997
Correct Answer: C
5. Industrial Reconstruction Bank of India (IRBI) was renamed in 1997 as:
A. SIDBI
B. Industrial Investment Bank of India
C. IFCI
D. NABARD
Correct Answer: B
6. A collusive agreement between management and union leaders against employee interest is called:
A. Jurisdictional contract
B. Wildcat contract
C. Sweetheart contract
D. Open contract
Correct Answer: C
7. A strike in which workers stop work without union consent is called:
A. Sympathy strike
B. Slowdown strike
C. Wildcat strike
D. Recognition strike
Correct Answer: C
8. Preparation of a Business Plan as a prerequisite to business promotion mainly aims to:
A. Ensure no flaws exist in the idea
B. Arrange finance & avoid NPAs
C. Guarantee break-even
D. Improve worker efficiency
Correct Answer: B
9. Non-availability of required project planning capability is due to:
A. Poor general management
B. Poor professional management
C. Poor entrepreneurial management
D. Poor marketing management
Correct Answer: C
10. Which scheme provides promotion assistance for development of Khadi?
A. SRUTI
B. ISEC
C. MDA
D. KVIC Finance
Correct Answer: C
11. Which scheme is related to financial assistance for registration of traditional industries?
A. MDA
B. ISEC
C. SRUTI
D. NIESBUD
Correct Answer: C
12. Explicit Resale Price Valuation assumes that investor holds shares only for a few years. The value is based on:
A. Dividend stream only
B. Expected sale price only
C. Expected dividends + sale price
D. Market price only
Correct Answer: C
13. A person inside the organisation who innovates as an entrepreneur is called:
A. Social entrepreneur
B. Intrapreneur
C. Corporate sponsor
D. Professional manager
Correct Answer: B
14. A document issued by exporter’s bank undertaking to pay the exporter is called:
A. Bill of Exchange
B. Letter of Credit
C. Bill of Lading
D. Promissory Note
Correct Answer: B
15. A strike conducted in sympathy with other employees is called:
A. Recognition strike
B. Sympathy strike
C. Lock-out strike
D. Boycott strike
Correct Answer: B