BUSINESS PLANNING AND ENTREPRENEURIAL MANAGEMENT (BPEM)

MCQ

(1)____ is a process of doing new things.

A) application
B) Innovation
C) opportunities
D)Introduction

(2) Innovation is having ____ ingredients.

A) One key
B) Two key
C) Three key
D)Four key

(3)An innovative design achieves desirability by fulfilling the unmet needs of

______.
A) Buyers
B) Sellers
C) Customers
D)None of above

(4)Personal computers, solar panels are examples of _____ innovation.

A) Incremental
B) Evolutionary
 C) Revolutionary
D)Organizational

(5)The enterprise is facing _____ in the market.

A) Difficulties
B) Stiff competition
C) Limited resources
D)Demand

(6)The customer’s expectations _____ over a period of time.

A) Increase
B) Decrease
C) Changes
D)finishes

(7)In ____ there are changes in consumer behaviour.

A) Market innovation
B) Product innovation
C) Process innovation
D)Financial innovation

(8)The resources of the ____ are improved.

A) Buyer
B) Seller
 C) Enterprise
D)Market

(9)____ refers to some new creations.

A) Intellectual
B) Invention
C) Skills
D)Criteria

(10) ____ are the forms of intellectual property.

A) Goodwill
B) Patents
C) Territory
D)Inventory

(11) The patents rights are ____ in nature.

A) Innovative
B) Territorial
C) Exceptional
D)Licensed

(12) ____ is limited in to research and development department.

A) Skills
 B) Invention
C) Skills
D)Newness

(13) ____ is spread all across the organization.

A) Concern
B) Innovation
C) Concept
D)Features

(14) Creativity is one of the important traits of an ___.

A) Buyer
B) Seller
C) Entrepreneur
D)consumer

(15) Entrepreneurs need _____ to be successful.

A) Money
B) Creative ideas
C) Fame
D)Goodwill
(16) Creative Individuals are ____ to problems.
A) Strong
B) Scared
C) Sensitive
D)Flexible

(17) _____ make random association between ideas.

A) Organization
B) Ability to synthesize
C) Reducing skills
D)Originality

(18) Team spirit is ____ to any organization.

A) Loyal
B) Vital
C) Stable
D)Unstable

(19) Team spirit increases team performance as well as _____ performance.

A) Organization
B) Individual
C) Innovative
D)None of above.
(20) ____ is the first step in new product development.
A) Idea Generation
B) Brainstorm
C) Marketing
D)Sales promotion

(21) Investigation may conduct consumer research to get ____.

A) Ideas
B) Feedback
C) Advertising
D)Development

(22) The selection of best idea is done by ____.

A) Investigator
B) Entrepreneur
C) Employee
D)Consumer

(23) The entrepreneur must make arrangement for ____ development.

A) Marketing
B) Advertisement
C) Product
 D)Generation

(24) Environmental scanning usually refers to the ___ environment.

A) Natural
B) Micro
C) Macro
D)None of these.

(25) Environmental scanning is a concept of ____ management.

A) Method
B) Marketing
C) Product
D)Business

(26) Competitor may come up with _____ product.

A) Innovative
B) Flexible
C) Investigation
D)Development

(27) A business goes through stages of _____.

A) Challenge
B) Arrangement
C) Venture
 D)Development

(28) The top management frames the ____ strategies.

A) Corporate
B) Civil
C) Formulation
D)Allocation

(29) There must be ____ of performance.

A) Modification
B) Notification
C) Periodic review
D)None of these

(30) Feasibility study helps to increase ____ in the company.

A) Document
B) Investment
C) Resources
D)Money
 Business planning (multiple choice questions)
SYBMS Semester- III
1)……………………. Incentive is motivational force which make on
entrepreneur takes a right decision and act upon.
A) Marketing
B) incentive.
 C)SIDBI
D)None of them
2)……………………… denote a single lump sum which is given by a government to an
entrepreneur to cover the cost.
A) finance
B)competitive
C)subsidy
D)None of them
3)…………………………….. inspector visit the office of the Panchayat guides the
entrepreneur in order to sole the problems.
A) Districts industries
B) industrial estate
C)SISI
D)none of them
4)…………………………….. supplies indigenous and imported machinery and
equipment on easy financial terms.
A)SIDBI
B)MSMED
C)NSIC
D)None of them
5)…………………………………. Provide seed capital scheme to technologically or
professionally qualified entrepreneur.
A)SIDBI
B)KVIC
C)MSMED
 D)None of them
6)To accelerate the process of entrepreneurship ensuring it’s impact thought
country among segment of society.
A)Association
B) national
C) development
D)None of them
7)To organise and conduct …………………………
A)training program
B)Level institute
C) seminars
D) None of them
8) Enhancing the excise exemption limit for SMES from ………………….. Rs 1 crore.
A)25 lakhs
B)50 lakhs
C)70 lakhs
D)None of them
9)…………………………… helps the entrepreneurs in minimising tax liability of a newly
started venture.
A) industrial planning
B) finance planning
C)tax planning
D)None of them
10)To provide vital information supports to …………………………. And entrepreneurs.
 A) certificate diploma
B) trainer promoters
C) training program
D) None of them
11)starting a new venture telnet to ..........................................
To unit promotion.
A) Entrepreneurship
B) Opportunity
C) Business
D)starting
12)The task of an……………………………………….stats with his conception of a business
activity.
A) requirement
B) opportunity
C) expansion
D)entrepreneur
13)This types of market analysis facilities the selection of most promoting
business……………………………………..
A) opportunity
B)quality
C) resources
D) Constitution
14)when commercial production starts the entrepreneur can get
permanent…………………………………. Certificate.
A)company
 B) Registration
C)provisional
D) partnership
15)machinery and equipment are required for maintaining efficiency in the
process of…………………………………….
A) Financial
B) provisional
C)promoting
D) promoting
16)Finance is the ……………………………… of any business activity.
A) Financial product
B) lifeblood
C) technology
D) maintaining
17) Arrangements for tools and………………………………..
A)production
B) machinery
C) promotional
D) equipment
18)……………………………….. helps the entrepreneur in minimising the tax liability of a
newly started venture.
A)launching
B)tax planning
C) enterprising
 D)Tax liability
19) Apprenticeship training under the apprentice Act separate over a period of
………………………….
A)five years
B)two years
C)ten years
D)three years
20) Development of management and production……………...
A) organisation
B) programs
C) capabilities
D)collaboration

(1)Organizational behaviour is the study of ______

A)Human behaviour
B) individual behaviour
C) None of above
D) organizational behaviour
(2)OB studies 3 determinants of human behaviour in organization ____ _____ and ____.
 A) Human
B) Individual
C) Group
D) Structure
(3)______ states as Organizational behaviour studies the impact that individual, structure, group
have an behaviour within organization for the purpose of applying such knowledge toward
improving organization’s effectiveness.
A) Fred luthan
B) Stephen . P. Robin
C) Keith Davis
D) None of above
(4)_____ quoted as OB is the study of application of knowledge about how people act within
Organization
A) Keith Davis
B) Fred luthan
C) Stephen. P. Robin
D) none of above
(5)_____ said as OB is directly concerned with the understanding, prediction and control of
human behaviour in Organization.
A) Fred luthan
B) Stephen. Robin
C) Keith Davis
D) all of them
(6) The application of knowledge is to achieve ____
A) Organizational behaviour
B) human behaviour
C) Organizational effectiveness
D) all of them
(7) These factors are interactive in____
 A) Nature
B) effect
C) Good
D) none of them
(8) OB is both science and ___
A) commerce
B) art
C) maths
D) all of them
(9) The systematic knowledge about human behaviour is ____
A) science
B) organization
C) art
D) none of them
(10) structure defines the ___ relationship and use of people in organization.
A) official
B) informal
C) formal
D) none of them
(11) Robert owen is _____
A) father of organization management
B) father of individual management
C) father of personal management
D) none of them
(12) OB studies ___ determinants of behaviour in Organization
A) 1
 B) 2
C) 3
D) 4
(13) __ can be defined as what people think, feel around organization
A) PM
B) OB
C) HRM
D) all of them
(14) OB is a part of ____ management
A) general
B) whole
C) specific
D) none of them
(15) __ is a part of general management
A) PM
B) OB
C) HRM
D) none of them
(16) OB is a __ disciplinary field of study.
A) inter
B)Intra
C) different
D) all of them
(17)___ is the father of management.
A) Robert Owen
B) Taylor
 C) Stephen
D) luthan
(18)____ is the science of mankind and study of HR as a whole
A) economic.
B) anthropology
C) sociology
D) all of them
(19) ____ looks at how an organization demonstrates and teaches and extent to which it
regards its value
A) ethical climate
B) ethical culture
C) organization
D) none of them
(20) ____ covers aspect
A) interpersonal
B) Intrapersonal
C) organization
D) all of them
(21) OB means _________
A) Outside behavior
B) Organizational behavior
C) Others behavior
D) None of them
22) Most adults spend the better part of their lives working in ______

A) Organization
B) Market
 C) Job
D) None of them
23) The study of OB can greatly clarify the factors that affect how _____ manages.
A) employees
B) manager
C) buyers
D) seller
24) The environment of business is _______
A)same
B) ever changing
C) constant.
D) none of them
25)The role of _____ has increasingly more important and dynamic.
A) employees
B) manager
C) buyer
D) seller
26)OB studies the relationship between human behavior and________
A) market
B) CEO
C) ORGANIZATION
D) all of them
27)Working environment is also ________
A) increased
B) decreased
C) constant.
D) same
28)OB deals with _____ behavior.
A) Organizational
B) Human
C) market
D) all of them
29)OB acts as effective tools for ________ benefit
A) employees
B) human
C) market
D) profit
30)OB helps one to understand the ______in the field of marketing.
A) features
B) differences
C) dynamics
D none of them

1. In a ---------- orientation ,the role of marketing research is to determine

customer needs and how well the company is satisfying them.
A. Marketing
B. Production
C. Both of the above
D. None of the above
2. The controllable variable a company puts together to satisfy a target group
is called the -----------
A. Marketing strategy
 B. Marketing mix
C. Strategic planning
D. Marketing concept
3. When customer expectation regarding quality , service quality , and value –
based price are met or exceeded , ------------- is created .
A. Customer satisfaction
B. Planning excellence
C. A quality rift
D. A value line
4. In relationship marketing firms focus on ------------- relationships with
------------
A. Short – term : customers and suppliers
B. Long – term : customers and suppliers
C. Short – term : customers
D. Long – term : customers
5. A marketing philosophy summarized by the phrase ‘a ethical concerns in
marketing ‘ is characteristic of the ------------ period .
A. Promotion
B. Sales
C. Marketing
D. Societal marketing
6. The basic role of promotion is -----------
A. Information
B. Manipulation
C. Communication
D. Interpretation
7. A consumer contest is an example of -----------
A. Personal selling
B. Sale promotion
C. Advertising
D. Indirect selling
8. Need becomes ----------- when they are directed to words a specific object .
A. Actual need
B. Want
 C. Satisfaction
D. Demand
9. The --------- identifies the product or brand
A. Container
B. Label
C. Advertisement
D. Warranty
10. A (n) product exceed customer expectation .
A. Strategic
B. Superior
C. Augmented
D. Anticipated
11.An example of a convenience consume product is ----------
A. Stereo equipment
B. Petrol
C. A motorcycle
D. A bicycle
12.Compare rates and chose a flight on British Midland as it had a better
reputation for service and competitive prices. The airline ticket is an
example of which type of product ----------
A. Convenience
B. Shopping
C. Specialty
D. Unsought
13.Distribution of product to get it in the marks refers to which of the following
activities -----------
A. Selling activities
B. Advertising activities
C. Promotion activities
D. Place or distribution
14.Which of the following is Not a part of marketing communication mix
A. Telemarketing
B. Public relations
C. Sales promotion
 D. Advertising
15.When a manager focuses on making whatever products are easy to produce
, and them trying to sell them, that manager has a ----------- orientation.
A. Marketing
B. Promotion
C. Sales
D. Profit
16.The skimming , penetration bargaining and bundling are decided in the
------------ of the Marketing Mix strategy.
A. Price decisions
B. Place decisions
C. Product decisions
D. Promotion decisions
17.Which of the following 4Ps of marketing mix involves decisions regarding
channels coverage, assortments, locations , inventories or
transports------------
A. Product
B. Price
C. Place
D. Promotion
18.If the aim of the promotion to introduce a new consumer product is to
achieve high awareness levels , the firm will most likely make heavy use
of----------- in the promotional mix .
A. Advertising
B. Sales promotion
C. Personal selling
D. Publicity
19.Large tools and machines used in a production process for a considerable
length of time are classified as --------------
A. Major equipment
B. Accessory equipment
C. Component parts
D. Consumable supplies
20.Which of the following are product and services bought by final consumer
for personal consumption ? These include convenience products, shopping
products. Specialty products and unsought products.
A. Material and parts
B. Consumer products
C. Industrial product
D. Capital items

21.In a ---------- orientation ,the role of marketing research is to determine

customer needs and how well the company is satisfying them.
A. Marketing
B. Production
C. Both of the above
D. None of the above
22.The controllable variable a company puts together to satisfy a target group
is called the -----------
A. Marketing strategy
B. Marketing mix
C. Strategic planning
D. Marketing concept
23.When customer expectation regarding quality , service quality , and value –
based price are met or exceeded , ------------- is created .
A. Customer satisfaction
B. Planning excellence
C. A quality rift
D. A value line
24.In relationship marketing firms focus on ------------- relationships with
------------
A. Short – term : customers and suppliers
B. Long – term : customers and suppliers
C. Short – term : customers
D. Long – term : customers
25.A marketing philosophy summarized by the phrase ‘a ethical concerns in
marketing ‘ is characteristic of the ------------ period .
A. Promotion
B. Sales
C. Marketing
D. Societal marketing
26.The basic role of promotion is -----------
A. Information
B. Manipulation
C. Communication
D. Interpretation
27.A consumer contest is an example of -----------
A. Personal selling
B. Sale promotion
C. Advertising
D. Indirect selling
28.Need becomes ----------- when they are directed to words a specific object .
A. Actual need
B. Want
C. Satisfaction
D. Demand
29.The --------- identifies the product or brand
A. Container
B. Label
C. Advertisement
D. Warranty
30. A (n) product exceed customer expectation .
A. Strategic
B. Superior
C. Augmented
D. Anticipated
31.An example of a convenience consume product is ----------
A. Stereo equipment
B. Petrol
C. A motorcycle
D. A bicycle
32.Compare rates and chose a flight on British Midland as it had a better
reputation for service and competitive prices. The airline ticket is an
example of which type of product ----------
A. Convenience
B. Shopping
C. Specialty
D. Unsought
33.Distribution of product to get it in the marks refers to which of the following
activities -----------
A. Selling activities
B. Advertising activities
C. Promotion activities
D. Place or distribution
34.Which of the following is Not a part of marketing communication mix
 A. Telemarketing
B. Public relations
C. Sales promotion
D. Advertising
35.When a manager focuses on making whatever products are easy to produce
, and them trying to sell them, that manager has a ----------- orientation.
A. Marketing
B. Promotion
C. Sales
D. Profit
36.The skimming , penetration bargaining and bundling are decided in the
------------ of the Marketing Mix strategy.
A. Price decisions
B. Place decisions
C. Product decisions
D. Promotion decisions
37.Which of the following 4Ps of marketing mix involves decisions regarding
channels coverage, assortments, locations , inventories or
transports------------
A. Product
B. Price
C. Place
D. Promotion
38.If the aim of the promotion to introduce a new consumer product is to
achieve high awareness levels , the firm will most likely make heavy use
of----------- in the promotional mix .
A. Advertising
B. Sales promotion
C. Personal selling
D. Publicity
39.Large tools and machines used in a production process for a considerable
length of time are classified as --------------
A. Major equipment
B. Accessory equipment
 C. Component parts
D. Consumable supplies
40.Which of the following are product and services bought by final consumer
for personal consumption ? These include convenience products, shopping
products. Specialty products and unsought products.
A. Material and parts
B. Consumer products
C. Industrial product
D. Capital items

Business planning
Sources of finance
 Which of the following is the most suitable reason for using
personal finance?
A. Insufficient internal sources of finance
B. Insufficient external sources of finance
C. These is no interest obligation
 D. To please the owners (shareholders)

 Which of the following is not a feasible source of finance for an

ordinary partnership?
A. Secured bank loans
B. Sale and leaseback
C. Debt factoring
D. Initial public offering

 Advantages of internal finance do not include :

A. Greater flexibility in the use of finance
B. Greater choice of finance
C. No need to go through administrative
D. Tax concessions for the use of internal profit

 Which of the following is the most feasible advantage of using

internal funds to purchase a new office building?
A. Limited impacts on the firms working capital
B. Lower level of gearing
C. Dilution of ownership
D. Increased value of fixed assets
 Business might choose to use external sources of finance because
_________.
A. There are not interest charges
B. Potential cash flow problems are avoided
C. There is an expected rise in interest rates
D. There is Insufficient retained profit
 Which of the following is NOT a source of external financing for a
public limited company?
 A. Overdraft
B. Debentures
C. Retained profits
D. Share capital
 Advantages of funding growth through a share issue in all those
listed below EXCEPT _______.
A. An extra source of finance
B. Less financial risks due to the spreading of risks amongst
shareholders
C. Control of the company is diluted
D. It acts as a from of motivation for employees who own
shares in the company
 Which of the following is a drawback to a business that issues
debenture?
A. Lenders do not have any voting rights
B. There is dilution of control
C. There is a dilution of ownership
D. The value of liabilities increases
 Debenture holders ____________.
A. Own a part of the company in which they hold debentures
B. Are paid a return from the profit of the company
C. Receive payments from companies before any shareholders
D. Are represented as current liabilities on the company’s
balance sheet
 Debentures can best be described as a from of_____-___.
A. Short-term loan with variable interest rates
B. Medium – term loan with variable interest rate
C. Long term loan with a fixed interest rate
D. Long term security giving the holder part ownership of the
business
 Which of the following is not a clear difference between
debenture holders and shareholders of a company?
A. Voting rights in the company
B. Ownership of the company
C. Interest and dividends as a from of financial return
D. Impact on the company working capital
 Which of the following is least likely sources of funds for a non-
profit organization?
A. Fund – raising events
B. Charitable donations
C. Brand recognition
D. Sponsorship deals

 Which of the following best describes hire purchase?

A. Hiring of equipment for a period of time
B. Repaying loans by making fixed regular payments
C. Hiring out equipment as a source of finance
D. Differs from leasing in that ownership occurs with the last
installment

 The contract used to raise finance by selling freehold of an asset

then renting it back immediately on a long-term basis is kiknown
as ________.
A. Working capital
 B. Sale and leaseback
C. Fixed assets
D. Trade creditors
 Which statement does NOT apply to the use of sale and
leaseback?
A. The firm can continue to use the asset it has sold and leased
back
B. The value of fixed as remains unchanged since the firm
keeps use of the assets
C. The firm can carry on trading as in noting has happened
D. The finance released through the sale improves the firm’s
liquidity position
 The debt factoring service that allows the client to be protected
against bad debts is known as ________.
A. Overdraft
B. Non-recourse factoring
C. Collateral
D. Discount factor
 Mei Ling photography Crop. Has a cash flow deficit of $85,000. If it
has debtors to the value of $ 100,00 on its balance sheet, what is
the maximum charge that a factoring service could impose to
make this source of finance feasible?
A. 5%
B. 10%
C. 15%
D. 20%
 Which source of finance below would best be described as loan
capital?
A. Ordinary share capital
B. Equity finance
 C. Debt factoring
D. Debentures
 There must be sufficient finance to pay for the daily running of the
business. This money is know as ________.
A. Working capital
B. Work in – progress
C. Retained profit
D. Buffer stocks
 Which of the following is a disadvantage of leasing capital
equipment?
A. It is cheaper in the long run to buy capital equipment
B. The firm might not have sufficient funds to purchase the
equipment
C. Capital equipment needs replacing if technology is charging
rapidly
D. The management of cash flow is easier with regular
repayment
 Under the lease agreement, the lessee gets the right to ________.
A. Share profits earned by the lessor
B. Participate in the management of the organization
C. Use the asset for a specified period
D. Sell the assets
 Funds required for purchasing current assets is an example of
________.
A. Fixed capital requirement
B. Ploughing back of profits
C. Working capital requirement
D. Lease financing
 Public deposits are the deposits that are raised directly from
_______.
A. The public
B. The director
C. The auditors
D. The owners
 Equity shareholders are called _________.
A. Owners of the company
B. Partners of the company
C. Executives of the company
D. Guardian of the company
 ADRS are issued in _______.
A. Canada
B. China
C. India
D. USA
 Under the factoring arrangement, the factor ________.
A. Produces and distributes the goods or services
B. Makes the payment on be half of the client
C. Collects the client ‘s debt or account receivables
D. Transfer the goods from one place to another
 The term redeemable is used for ________.
A. Preference shares
B. Commercial paper
C. Equity sha9
D. Public deposit
 Debentures represent _______.
A. Fixed capital of the company
B. Permanent capital of the company
 C. Fluctuating capital of the company
D. Loan capital of the company
 The maturity period of a commercial paper usually ranges from
________.
A. 20 to 40 days
B. 60 to 90 days
C. 120 to 365 days
D. 90 to 364 days
 Internal sources of capital are those that are __________.
A. Generated through outsiders such as suppliers
B. Generated through loans from commercial banks
C. Generated through issue of shares
D. Generated within the business
 Which is the source of mid-term finance?
A. Micro credit
B. Specialists financial institutions
C. Collect advance from purchase
D. Discounting the bills receivable
 Which of the following factors that are considered to solve the
financial problems of business organizations are _______.
A. Cost of capital supply
B. Importance and objectives of capital
C. Different types of benefits
D. Both A and B
Multiple Choice Fill-ups
1) People engaged in businesses have a .
a) Pro-business attitude
b) Pro Work Attitude
c) Both
d) None of the above
2) Supports to economic development though infrastructure development,
facilitation etc.
a) Friends
b) Family
c) Government
d) Self
3) Culture enables an organization to function as a unit.
a) Distributive
b) Collective
c) Superlative
d) Reparative
4) A that provides the inclination to achieve things.
a) Weak need orientation
b) Moderate need orientation
c) Strong need orientation
d) None of the above
5) remains indispensable to start an enterprise.
a) People
b) Resources
c) Material
d) Capital
6) During times of economic slowdown or recession, the purchasing power .
a) Inclines
b) Declines
c) Resumes
d) None of the above
7) Economic freedom in the form of legislation.
a) Favourable
b) Unfavourable
c) Partial
d) Semi favourable
8) Many researchers have found the correlation between and subsequent task
performance.
a) Self-employment
b) Self esteem
c) Self-control
d) None of the above
9) must develop concern towards the environment.
a) Entrepreneur
b) Blue collar employee
c) White collar employee
d) Managers
10) Entrepreneur should place more emphasis on communication.
a) Closed
b) Open
c) Half open
d) All of the above
11) A key to productivity is the of the employees who work together.
a) Behaviour
b) Attitude
c) Contribution
d) Presentation
12) The process of total quality control helps in the of quality of work life.
a) Worsen
b) Improvement
c) Both
d) None of the above
13) An organisation has a when its culture fits with its strategy.
a) Vision
b) Goals
c) Mission
d) All of the above
14) are supposed to provide the basis for deciding whether a particular course
of action is morally correct or bad.
a) Culture
b) Ethics
c) Behaviour
d) Attitude
15) Social mobility involves the social and mobility and the nature of mobility
channels within a given system.
a) Geographical
b) Geometrical
c) Geological
d) None of the above
FOUNDTATION OF ENTERPRENEURSHIP
MANAGEMENT
1. Which of the following geographical area is having least interest to U.S.
entrepreneur?
a. Europe
b. The far East
c. Central Asia
d. Transition economic
2. Andrew Carnegie is an example of entrepreneur of which century?
a. Earliest period
b. 19th and 20th century
c. Middle ages
d. 17th century
3. Which of the following is the reason for business failure?
a. Lack of market research
b. Poor financial control
c. Poor management
d. All the above
4. According to ______ “Entrepreneur is a person who only provides capital
without taking active part in the leading role in enterprise”.
a. Adam Smith
b. Peter P. Drucker
c. Evans
d. J. B. Say
5. Which of the list below does not from the characteristics of an
Entrepreneur?
a. Dynamic
b. Team building
c. Leadership
d. All the above
6. Business risk can be __.
a. Avoided
b. Reduced
c. Erased
d. Ignored
7. According to "David McClelland" a person requires___ types of needs as
a result of one's life experience.
a. Two
b. Five
c. Three
d. One
8. According to which theory an individual's need for achievement refers to
the need for personal accomplishment?
a. Need for power
b. Need for Affiliation
c. Need for Achievement (N-Ach)
d. None of these
9. Who propounded the theory of X-efficiency?
a. Harvey Leibenstun
b. Adam Smith
c. Edward Burnett
d. Clyde Kluckhotin
10. ___ are the Backbone of a national’s progress.
a. Leaders
b. Entrepreneur
c. Employment
d. None of these
11. Which theory is popularly called Gap filling of theory?
a. Theory of profit
b. Theory of social change
c. Theory of High Achievement
d. X-Efficiency theory
12. The entrepreneur was distinguished frim capital provider in___.
a. Middle class
b. 17th century
c. 18th century
d. 19th and 20th century
13. Which could provide an individual with the motivation to start a new
business?
a. The financial rewards
b. Advise to be independents
c. Risk taking
d. All the above
14. __ is the first development bank of the country?
a. ICICI
b. IDBI
c. SFC
d. IFCI
15. Goods or Services reach the market place through____.
a. Market channels
b. Multilevel pyramids
c. Multiplication
d. Monopolies