9/23/2020 Question Paper

Paper Code : DMB-207

Roll No :..................................
Examination : JUNE 2020
2nd Year
Entrepreneurship Development
Time : 1 Hours ] [ Max. Marks : 60

Instructions :-
Attempt All Questions. All questions carry equal marks.
Fill the 'Bubble' available in OMR Sheet to mark your Answer.
Only one option is correct out of all available option.
There is 1 mark for correct answer.
There is No Negative marking for incorrect answer.

1. What is the process by which individuals pursue opportunities without regard to resources they currently
control?
(A) Startup management
(B) Entrepreneurship
(C) Financial analysis
(D) Feasibility planning
2. Which one is not the barriers of Enterpreneurship:
(A) Lack of technical skills
(B) Political instability
(C) Technical knowledge
(D) Time pressure and distractions
3. Which could provide an individual with the motivation to start a new business venture?
(A) The financial rewards
(B) A desire to be independent.
(C) Risk taking
(D) All the above
4. The term “entrepreneurs” was applied to business initially by the French economist in the 18th century:
(A) Cantillon
(B) Jan Tinbergen
(C) J.S.Mill
(D) None
5. Which of these statements best describes the context for entrepreneurship?
(A) Entrepreneurship takes place in small businesses
(B) Entrepreneurship takes place in large businesses
(C) Entrepreneurship takes place in a wide variety of contexts
(D) Entrepreneurship does not take place in social enterprises
6. Which of the following is alternatively called corporate venturing?
(A) Entrepreneurship
(B) Intrapreneurship
(C) Act of stating a new venture
(D) Offering new products by an existing company
7. Which one of the following is the next stage to the Concept Stage of Product Planning and Development
Process?
(A) Idea Stage

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(B) Product Planning Stage

(C) Product Development Stage
(D) Test Marketing Stage
8. Which of the following factors would not be included in a PESTLE analysis?
(A) Government re-cycling policy
(B) Proposed reduction in interest rates
(C) Competitor activity
(D) Demographic changes
9. Which industrial sector tends to naturally promote small-scale businesses and Entrepreneurship, and
generally has lower barriers to market entry?
(A) Distribution
(B) Service
(C) Manufacturing.
(D) Agriculture
10. Why should an entrepreneur do a feasibility study for starting a new venture?
(A) To see if there are possible barriers to success
(B) To identify possible sources of funds
(C) To estimate the expected sales
(D) To explore potential customers
11. Which of the following shows the process of creating something new?
(A) Business model
(B) Modeling
(C) Creative flexibility
(D) Innovation
12. What is the need of entrepreneurship:
(A) For new innovation
(B) To fill gap in growth
(C) For healthy competition
(D) All of above
13. Which of the following is positive external trends or changes that provide unique and distinct possibilities
for innovating and creating value?
(A) Strengths
(B) Opportunities
(C) Weaknesses
(D) Threats
14. Which one of the following is an advantage of the small firm in the innovation process?
(A) Ability of the entrepreneur to carry out multiple tasks
(B) Ability to raise finance
(C) Ability to carry out R and D
(D) Ability of the entrepreneur to act on new ideas or product development
15. Which one of the following actions by an entrepreneur is most likely to contribute to creative destruction.
(A) Development of a new product
(B) Take-over of a competitor
(C) Issuing shares
(D) Selling a product
16. Entrepreneurship can be defined as

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(A) "The act of initiating, creating, building, expanding and sustaining a venture and gathering The necessary
resources to exploit an opportunity in the marketplace for long-term wealth and capital gain"
"The act of creating, building, expanding and sustaining a venture, building an entrepreneurial team and
(B) gathering the necessary resources to exploit an opportunity in the marketplace for long-term wealth and
capital gain"
"The act of initiating, creating, building, expanding and sustaining a venture, building an entrepreneurial
(C) team and gathering the necessary resources to exploit an opportunity in the marketplace for long-term
wealth and capital gain"
"The act of initiating, creating, building, building an entrepreneurial team and gathering the necessary
(D)
resources to exploit an opportunity in the marketplace for long-term wealth and capital gain"
17. What is the primary concern of founders who trade equity for capital for their growing venture?
(A) Capitalization
(B) Control
(C) Valuation
(D) Investor capabilities
18. Which of the following is alternatively called corporate venturing?
(A) Intrapreneurship
(B) Entrepreneurship
(C) Act of stating a new venture
(D) Offering new products by an existing company
19. Which of the following areas are preferred by women entrepreneurs?
(A) Administration
(B) Organization
(C) Utilities
(D) Manufacturing
20. Which one of the following is the fourth step in the entrepreneurial process?
(A) Developing successful business ideas
(B) Initiating New rules
(C) Deciding to become an entrepreneur
(D) Growing the entrepreneurial firm
21. Developing a new idea through inquiry and testing is called:
(A) Forced relationship
(B) Heuristics
(C) Scientific method
(D) Value analysis
22. Which of the following is not a source of idea generation?
(A) Consumers
(B) job analyst
(C) Brain storming
(D) Training
23. "Entrepreneurial development is the key to achieve all-round __________ through acceleration of
industrial and entrepreneurial activities."
(A) economic development
(B) increase in profits
(C) shareholders value
(D) business development
24. EDP (Entrepreneurship Development Programmes) is required to help:

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(A) Existing entrepreneurs

(B) First generation entrepreneurs
(C) Future generations entrepreneurs
(D) None of the above
25. The term “entrepreneurs” was applied to business initially by the French economist in the 18th century
(A) Cantillon
(B) Jan Tinbergen
(C) J.S.Mill
(D) None
26. Entrepreneurship can be defined as
The act of initiating, creating, building, expanding and sustaining a venture and gathering The necessary
(A)
resources to exploit an opportunity in the marketplace for long-term wealth and capital gain
The act of creating, building, expanding and sustaining a venture, building an entrepreneurial team and
(B) gathering the necessary resources to exploit an opportunity in the marketplace for long-term wealth and
capital gain
The act of initiating, creating, building, expanding and sustaining a venture, building an entrepreneurial
(C) team and gathering the necessary resources to exploit an opportunity in the marketplace for long-term
wealth and capital gain
The act of initiating, creating, building, building an entrepreneurial team and gathering the necessary
(D)
resources to exploit an opportunity in the marketplace for long-term wealth and capital gain
27. What is the primary concern of founders who trade equity for capital for their growing venture?
(A) Capitalization
(B) Control
(C) Valuation
(D) Investor capabilities
28. Which of the following factors does not affect a person for being an entrepreneur?
(A) Work history
(B) Nationality
(C) Education
(D) Personal values
29. Which of the following areas are preferred by women entrepreneurs?
(A) Administration
(B) Organization
(C) Utilities
(D) Manufacturing
30. Which one of the following is the fourth step in the entrepreneurial process?
(A) Developing successful business ideas
(B) Initiating New rules
(C) Deciding to become an entrepreneur
(D) Growing the entrepreneurial firm
31. Developing a new idea through inquiry and testing is called:
(A) Forced relationship
(B) Heuristics
(C) Scientific method
(D) Value analysis
32. Which of the following is not a source of idea generation?
(A) Consumers

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(B) job analyst

(C) Brain storming
(D) Training
33. Entrepreneurial development is the key to achieve all-round __________ through acceleration of
industrial and entrepreneurial activities.
(A) economic development
(B) increase in profits
(C) shareholders value
(D) business development
34. EDP (Entrepreneurship Development Programmes) is required to help:
(A) Existing entrepreneurs
(B) First generation entrepreneurs
(C) Future generations entrepreneurs
(D) None of the above
35. Which of the following is used by entrepreneurs to acquire experience in an international market before
making a major commitment.
(A) Minority interest
(B) Joint venture
(C) Merger
(D) Majority interest
36. Which of the following is a graphical representation of the various activity and event relating to a project.
(A) Network analysis
(B) Scheduling technique
(C) Logical Model
(D) Network Diagram
37. The goals should be ____________ for the success of business plan.
(A) Generalized
(B) Specific
(C) Limitless
(D) Imaginary
38. A corporate manager who starts a new initiative for their company which entails setting up a new distinct
business unit and board of directors can be regarded as?
(A) Ecopreneur
(B) Technopreneur
(C) Intrapreneur
(D) Social Entrepreneur
39. An entrepreneur doing business within the national border is called:
(A) International entrepreneurship
(B) Intrapreneurship
(C) Domestic entrepreneurship
(D) Imports
40. New Small Scale industries are exempted from the payment of income tax under section 80J is called
__________
(A) Development Rebate
(B) Investment Allowance
(C) Rehabilitation Allowance
(D) Tax Holiday
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41. The three main responsibilities involved with managing an entrepreneurial venture once its up and
running include all of the following EXCEPT:
(A) Managing processes
(B) Managing people
(C) Managing bureaucracy
(D) Managing growth
42. Venture capital is concerned with:
(A) New project having potential for higher profit
(B) New project of high technology
(C) New project having high risk
(D) All these
43. is primarily concerned with the identification of the project demand potential and the selection of the
optimal technology.
(A) Techno-economic analysis.
(B) Feasibility analysis.
(C) Input analysis
(D) Financial analysis
44. ________________is the analysis of costs and benefits of a proposed project with the goal of assuming a
rational allocation of limited funds.
(A) Project formulation
(B) Project evaluation
(C) Project appraisal
(D) Project Design
45. Basic problems of women entrepreneurs in India
(A) Lack of education skill
(B) Male dominating society
(C) Absence of listen bearing capacity
(D) All these
46. ___________ set up for the purpose of financing, facilitating, and promoting foreign trade of India.
(A) Repco bank
(B) SBI
(C) EXIM bank
(D) HDFC
47. The terms entrepreneur and owner manager is used interchangeable and describes a person that…
(A) Manages a small business
(B) That starts up a small business
(C) That starts up and manages a small business
(D) All statements are incorrect
48. Entrepreneurial companies are different from small business companies in that they ___________.
(A) Are innovative and growth driven
(B) Are not creating jobs for themselves but are wealth driven
(C) Create wealth that is sustainable for future generation to come
(D) All of these
49. An entrepreneurial team is:
(A) a group of people who work within a corporation to launch new products.
(B) a group of experienced people who join together to develop and market a new product.

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(C) a group from the Small Business Administration which consults with small business owners.
(D) a group of managers who get together to find creative solutions to problems.
50. SBA stands for:
(A) Small business administration
(B) Small business accountants
(C) Small business adequacy
(D) Small business advisors
51. External forces directly affect all of the following EXCEPT:
(A) Market segmentation strategies
(B) Types of products/services offered
(C) Management structure of organization
(D) Choice of businesses to acquire or sell
52. An entrepreneur into the hosiery business found out the reason his hosiery was not selling was due to its
color. What could be the best source of this information?
(A) Supplier
(B) Retailer
(C) Competition
(D) Government bureau
53. ______________ is an event-oriented approach.
(A) CPM
(B) GERT
(C) WASP
(D) PERT
54. District Industries Centres are located ________
(A) in each district
(B) in each state
(C) only in selected districts
(D) only in selected states
55. is a problem -solving technique designed to produce numerous ideas in a short period.
(A) Synectics
(B) Delphi technique
(C) Brain storming
(D) Nominal group technique
56. What is the process by which individuals pursue opportunities without regard to resources they currently
control?
(A) Startup management
(B) Entrepreneurship
(C) Financial analysis
(D) Feasibility planning
57. Which one of the following is the process of entrepreneurs developing new products that over time make
current products obsolete?
(A) New business model
(B) Anatomization
(C) Creative destruction
(D) None
58. As a new company grows, the entrepreneur will need to _________

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(A) be responsive to changes in the market

(B) ensure financial controls are maintained
(C) build a management team
(D) all these
59. A Micro enterprise is an enterprise, where investment in plant and machinery does not exceed
(A) Rs 15 Lakhs
(B) Rs 20 Lakhs
(C) Rs 25 Lakhs
(D) Rs 30 Lakhs
60. DIC is headed by General Manager in the rank of ___________
(A) Joint Director of industries
(B) Assistant Director of industries
(C) Non-departmental officer
(D) Departmental officer

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