Introduction to Business (Sem 1 ) MCQ



Question 1 : _____ implements the plans and ideas of an entrepreneur.

  1. Manager
  2. Internal entrepreneur
  3. Promoter
  4. None of the above
  

Question 2 : _____ is an entrepreneur within existing organization.

  1. Intrapreneur
  2. Manager
  3. Leader
  

Question 3 : Returns to entrepreneurs are in the form of _____.

  1. profit
  2. pay package
  3. perquisites
  4. None of the above
  

Question 4 : _____ act essentially like entrepreneurs without the risks associated with being an entrepreneur.

  1. Entrepreneur
  2. Manager
  3. Intrapreneur
  4. All of the above
  

Question 5 : _____ scheme is specially meant for women entrepreneurs.

  1. DBK
  2. MDA
  3. TREAD
  4. None of the above
  

Question 6 : _____ with its headquarters in Guwahati has a special focus on entrepreneurial development in NorthEastern India.

  1. NSIC
  2. IIE
  3. EDII
  4. All of the above
  

Question 7 : _____ is the apex national level institute for entrepreneurial development.

  1. (EDII
  2. IIE
  3. NIESBUD
  4. None of the above
  

Question 8 : _____ was established in 1955 to promote and develop micro and small scale industries in India.

  1. NSIC
  2. IIE
  3. EDII
  4. None of the above
  

Question 9 : _____ operates as the nodal development agency for small scale industries.

  1. SIDO
  2. IIE
  3. SISI
  4. All of the above
  

Question 10 : Mahila Udyam Nidhi scheme for women entrepreneurs is implemented by _____.

  1. RBI
  2. SIDBI
  3. NABARD
  4. All of the above
  

Question 11 : An entrepreneur has to bear risks involved in business.

  1. True
  2. False
  

Question 12 : Entrepreneurship is an economic activity.

  1. True
  2. False
  

Question 13 : Government provides incentives for entrepreneurship development in India.

  1. True
  2. False
  

Question 14 : A managers primary motives are innovation and independence.

  1. True
  2. False
  

Question 15 : Intrapreneur is an entrepreneur within an existing organization.

  1. True
  2. False
  

Question 16 : Intrapreneur has to bear risks involved in business.

  1. True
  2. False
  

Question 17 : The scheme of TREAD is especially for women entrepreneurs.

  1. True
  2. False
  

Question 18 : NIESBUD is the apex national level institution for providing entrepreneurial development.

  1. True
  2. False
  

Question 19 : EDII is the nodal development agency for small scale industry.

  1. True
  2. False
  

Question 20 : Indian Institute of entrepreneurship has a special focus on entrepreneurship development in northern regions.

  1. True
  2. False
  

Question 21 : Mahila Vikas Nidhi scheme for development of women entrepreneurs is implemented by ICICI bank.

  1. True
  2. False
  

Question 22 : National Small Industries Corporation (NSIC) has been working for promotion and growth of small-scale industries and industry related to small-scale services in the country.

  1. True
  2. False
  

Question 23 : _____ industry is concerned with reproduction and multiplication of species in order to earn profit.

  1. Genetic
  2. Extractive
  3. Construction
  4. None of the above
  

Question 24 : _____ concept of business is concerned with customer satisfaction.

  1. Modern
  2. Traditiona
  3. Product
  4. None of the above
  

Question 25 : Poultry, dairy and plant nurseries are examples of _____ industry.

  1. genetic
  2. extractive
  3. construction
  4. All of the above
  

Question 26 : _____ function is concerned with people in an organization.

  1. Human Resource
  2. Marketing
  3. Finance
  4. All of the above
  

Question 27 : _____ functions involves activities like marketing research, promotion and distribution.

  1. Production
  2. marketing
  3. Human Resource
  4. None of the above
  

Question 28 : _____ concept of business emphasizes on profit maximization.

  1. Modern
  2. Traditional
  3. Product
  4. None of the above
  

Question 29 : _____ industry provides intangible goods.

  1. Extractive
  2. Manufacturing
  3. Service
  4. All of the above
  

Question 30 : Encouragement to small scale and cottage industry is a type of _____ objective.

  1. national
  2. organic
  3. human
  4. All of the above
  

Question 31 : _____ is the most important economic objective of a business unit.

  1. service
  2. profit
  3. charging right price
  4. None of the above
  

Question 32 : Reduction in cost is a type of _____ objective.

  1. economic
  2. social
  3. organic
  4. All of the above
  

Question 33 : _____ is an organic objective.

  1. Prestige
  2. social welfare
  3. wealth creation
  4. All of the above
  

Question 34 : _____ objectives are also known as three fold objectives.

  1. Social
  2. Economic
  3. Organic
  4. None of the above
  

Question 35 : Fulfilling responsibilities towards shareholders and creditors are examples of _____ objectives.

  1. economic
  2. social
  3. human
  4. None of the above
  

Question 36 : _____ objectives generally stand at the top most in the hierarchy of business objectives.

  1. Economic
  2. Social
  3. Human
  4. All of the above
  

Question 37 : _____ refers to sale of a segment of a company to a third party.

  1. Liquidation
  2. Divestiture
  3. Turnaround
  4. All of the above
  

Question 38 : _____ refers to retrenchment of surplus manpower of business.

  1. Divestitures
  2. Downsizing
  3. Diversification
  4. All of the above
  

Question 39 : _____ refers to reduction of government control over business sector.

  1. Liberalization
  2. Privatisation
  3. Globalization
  4. None of the above
  

Question 40 : Divestment is a type of _____ strategy.

  1. retrenchment
  2. stability
  3. growth
  4. None of the above
  

Question 41 : _____ refers to transfer of government function to the private sector.

  1. Liberalization
  2. Privatization
  3. Globalization
  4. All of the above
  

Question 42 : _____ implies continuing current activities of the firm without any significant change.

  1. Stability
  2. Growth
  3. Retrenchment
  4. All of the above
  

Question 43 : _____ strategy is applicable to loss making units.

  1. Turnaround
  2. stability
  3. Growth
  4. None of the above
  

Question 44 : _____ is an internal growth strategy.

  1. Mergers
  2. Joint ventures
  3. Intensification
  4. None of the above
  

Question 45 : _____ merger refers to combination of firms engaged in unrelated type of business activities.

  1. Conglomerate
  2. Horizontal
  3. Vertical
  4. All of the above
  

Question 46 : _____ denotes split of a company.

  1. Demerger
  2. Divestiture
  3. Liquidation
  4. All of the above
  

Question 47 : Business is a socioeconomic activity.

  1. True
  2. False
  

Question 48 : The traditional concept of business was customer oriented.

  1. True
  2. False
  

Question 49 : The Modern concept of business gives importance to social responsibility.

  1. True
  2. False
  

Question 50 : Production and Marketing are important functions of business.

  1. True
  2. False
  
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