Dr.G.R.Damodaran College of Science(Autonomous, affiliated to the Bharathiar University, recognized by the UGC)Re-accredited at the 'A'

Grade Level by the NAAC and ISO 9001:2008 CertifiedCRISL rated 'A' (TN) for MBA and MIB Programmes

I MBA 2013-2015 (PT)SEMESTER - II

CORE : ENTREPRENEURSHIP DEVELOPMENT - 252CMultiple Choice Questions.

1. The word entrepreneur is derived from _________ A. Latin. B. Hebrew. C. Greek. D. French. ANSWER: D

2. ____________ in 1897 defined entrepreneur as, the director or a manager of a public musical institution. A. Merrium Webster dictionary B. Oxford English dictionary C. Brittanica D. Wikipedia ANSWER: B

3. ___________ described in his book, Wealth of Nations that the entrepreneur as in individual who forms an organisation forcommercial purpose. A. Adam Smith B. Richard Cantillon. C. Carl Menger. D. Joseph Schumpeter. ANSWER: A

4. As per the view of _____________ entrepreneurs function is to combine factors into a producing organism. A. Adam Smith. B. Richard Cantillon. C. Carl Menger. D. Joseph Schumpeter. ANSWER: B

5. ._______________ opined that the entrepreneur adds value to the original resource and this value is rewarded through profits. A. Adam Smith. B. Richard Cantillon. C. Carl Menger. D. Joseph Schumpeter. ANSWER: C

6. According to ___________ an entrepreneur is the one who always searches for change, responds to it and exploits it as anopportunity. A. Adam Smith. B. Peter Drucker. C. Carl Menger. D. Joseph Schumpeter. ANSWER: B

7. ____________ refers to identification of innovative ideas and setting up of a new enterprise A. Entrepreneurship. B. Intrapreneurship. C. Self Employment. D. Income Generation. ANSWER: A

8. Full time involvement in ones own occupation is referred as ___________.

A. Entrepreneurship. B. Intrapreneurship. C. Self Employment. D. Income Generation. ANSWER: C

9. Engaging in part-time, casual and practised with a view of raising additional income is known as ______________. A. Entrepreneurship. B. Intrapreneurship. C. Self Employment. D. Income Generation. ANSWER: D

10. _________ is the process of putting new ideas into action. A. Innovation. B. Independence. C. Outstanding performance. D. Respect for work. ANSWER: A

11. When one is encouraged to do things on his own and is provided help and guidance, only if asked for, one is oriented towards___________. A. Innovation. B. Independence. C. Outstanding performance. D. Respect for work. ANSWER: B

12. The performance to strengthen the belief of the entrepreneurs and influence the environment, and displaying certain standards ofexcellence are considered as ________________. A. Innovation. B. Independence. C. Outstanding performance. D. Respect for work. ANSWER: C

13. __________ provides the goal direction that encourages entrepreneurs to pursue a path where the rewards and incentives arelinked to their personal efforts A. Innovation. B. Independence. C. Outstanding performance. D. Respect for work. ANSWER: D

14. The ability to bring something new into existence is known as ____________. A. Creativity. B. Innovation. C. Entrepreneurship. D. Intrapreneurship. ANSWER: A

15. _________ is a process of doing new things. A. Creativity. B. Innovation. C. Entrepreneurship. D. Intrapreneurship. ANSWER: B

16. _______ can be viewed as a creative and innovative response to the environment and an ability to recognise, initiate and exploitan economic opportunity. A. Creativity. B. Innovation. C. Entrepreneurship. D. Intrapreneurship. ANSWER: C

17. _________ is an inner state that energises activities and directs or channels behaviour towards goal. A. Creativity. B. Innovation. C. Entrepreneurship. D. Motivation. ANSWER: D

18. Unemployment or dissatisfaction with existing job is one of the factors of entrepreneurial motivation which is characterisedunder ___________. A. Entrepreneruial ambition. B. Compelling factors. C. Supportive factors. D. Facilitating factors. ANSWER: B

19. To secure self-employment or independent living is one of the factors of entrepreneurial motivation which is characterised under___________. A. Entrepreneruial ambition. B. Compelling factors. C. Supportive factors. D. Facilitating factors. ANSWER: A

20. To gain social prestige is one of the factors of entrepreneurial motivation which is characterised under ___________. A. Entrepreneruial ambition. B. Compelling factors. C. Supportive factors. D. Facilitating factors. ANSWER: A

21. Previous knowledge is one of the factors of entrepreneurial motivation which is characterised under ___________. A. Entrepreneruial ambition. B. Compelling factors C. External factors. D. Facilitating factors. ANSWER: D

22. Encouragement by family members, friends and relatives is one of the factors of entrepreneurial motivation which ischaracterised under ___________. A. Entrepreneruial ambition B. Compelling factors. C. Supportive factors. D. External factors. ANSWER: C

23. ___________ entrepreneurs are motivated by their desire for self-fulfilment and to achieve or prove their excellence in jobperformance. A. Spontaneous. B. Motivated. C. Induced. D. Compulled. ANSWER: A

24. ___________ entrepreneurs are motivated by their desire to make use of their technical and professional expertise and skills. A. Spontaneous. B. Motivated. C. Induced. D. Compulled. ANSWER: B

25. ___________ viewed entrepreneur as an innovator playing the role of dynamic business man A. Adam Smith. B. Richard Cantillon C. Carl Menger. D. Joseph Schumpeter. ANSWER: D

26. .____________ entrepreneurs are those who are induced to take up entrepreneurship due to policy measures of the governmentpromoting entrepreneurship. A. Spontaneous. B. Motivated. C. Induced. D. Compulled. ANSWER: C

27. The chief motive of ___________ entrepreneur is security. A. Managing. B. Innovative. C. Imitative. D. Controlling. ANSWER: A

28. ._________ entrepreneurs who primarily look for excitement. A. Managing. B. Innovative. C. Imitative. D. Controlling. ANSWER: B

29. The entrepreneurs who fulfil their desire for power is known as _________ entrepreneurs. A. Managing. B. Innovative. C. Imitative. D. Controlling. ANSWER: D

30. Difficulty with ambiguity is one of the _________ barrier to entrepreneurship. A. Economic. B. Social. C. Cultural. D. Personal. ANSWER: D

31. Impatience in solving problems is one of the _________ barrier to entrepreneurship. A. Economic. B. Social. C. Cultural. D. Personal. ANSWER: D

32. Inability to dream is one of the _________ barrier to entrepreneurship A. Economic. B. Social. C. Cultural. D. Personal. ANSWER: D

33. Lack of availability of capital is one of the _________ barrier to entrepreneurship. A. Economic. B. Social. C. Cultural. D. Personal. ANSWER: A

34. Unproductive labour is one of the _________ barrier to entrepreneurship. A. Economic. B. Social. C. Cultural. D. Personal. ANSWER: A

35. Lack of raw materials is one of the _________ barrier to entrepreneurship

A. Economic. B. Social. C. Cultural. D. Personal. ANSWER: A

36. Cultural block is one of the _________ barrier to entrepreneurship A. Economic. B. Social. C. Cultural. D. Personal. ANSWER: C

37. practice of siphoning the profits earned through entrepreneurial activities based on local resources by alien entrepreneurs istermed as leech effect by ___________. A. Adam Smith B. Richard Cantillon. C. Dr.M.M.P.Akhori. D. Joseph Schumpeter. ANSWER: C

38. _________ is a person who emerge from within the confines of an existing enterprise. A. Entrepreneur. B. Intrapreneur. C. Manager. D. Director. ANSWER: B

39. The profit and loss of business will be enjoyed by the ___________. A. Entrepreneur. B. Intrapreneur. C. Manager. D. Director. ANSWER: A

40. __________ entrepreneurs introduce new goods, inaugurate new methods of production, discover new market and re-organisethe enterprise. A. Innovative. B. Imitative. C. Fabian. D. Drone. ANSWER: A

41. _________ entrepreneurs do not take up the changes themselves, they only imitate techniques and technology innovated byothers. A. Innovative. B. Imitative. C. Fabian. D. Drone. ANSWER: B

42. _________ types of entrepreneurs are suitable for the under-developed regions. A. Innovative. B. Imitative. C. Fabian. D. Drone. ANSWER: B

43. ___________ entrepreneurs are the persons characterised by very great caution and skepticism (disbelief) in experimenting anychange in their enterprise. A. Innovative. B. Imitative. C. Fabian. D. Drone. ANSWER: C

44. ________ entrepreneurs refuse to adopt opportunities to make change in production formulae even at the cost of severelyreduced returns relative to other like producers. A. Innovative. B. Imitative. C. Fabian. D. Drone. ANSWER: D

45. ___________ types of entrepreneurs can be seen in developed countries. A. Innovative. B. Imitative. C. Fabian. D. Drone. ANSWER: A

46. _________ are the type of entrepreneurs work alone and, if needed, employ a few employees. A. Solo Operators. B. Active Partners. C. Inventors. D. Challengers. ANSWER: A

47. ________ are the entrepreneurs who take business as an integral part to their life. Usually the family enterprise and businesswhich mainly depend on exercise on personal skill fall in this category. A. Solo Operators. B. Active Partners C. Lifetimers. D. Challengers. ANSWER: A

48. __________ are the entrepreneurs who would like to buy the ongoing one. A. Solo Operators B. Active Partners C. .Lifetimers. D. Buyers. ANSWER: D

49. _________ are the entrepreneurs who plunge into industry because of the challenge it presents. A. Solo Operators. B. Active Partners C. Lifetimers. D. Challengers. ANSWER: D

50. __________ are the entrepreneurs with their competence and inventiveness invent new products. Their basic interest lies inresearch and innovative activities. A. Solo Operators. B. Lifetimers. C. Lifetimers. D. Challengers. ANSWER: D

51. ________ are the entrepreneurs who carry on an enterprise as a joint venture and all of them actively participate in theoperations of the business A. Solo Operators. B. Active Partners. C. Lifetimers. D. Challengers. ANSWER: B

52. Those who buy a company for the purpose of improving it so that they can sell it again for a profit. A. Buy-Sell Artists. B. Speculators. C. Pattern Multipliers. D. Opportunistic entrepreneurs. ANSWER: A

53. Individuals who perform all the work and keep all the profit are known as ___________. A. Pattern Multipliers B. Self-Employed. C. Acquirers. D. Speculators. ANSWER: B

54. Those who purchase a commodity and resell it for a profit are known as __________. A. Pattern Multipliers. B. Self-Employed. C. Acquirers. D. Speculators. ANSWER: D

55. __________ is an individual who starts a business for which a widely known product image has already been established. A. Franchisee. B. Self-Employed. C. Acquirers. D. Speculators. ANSWER: C

56. Those who benefit from a large volume of sales by offering discount prices and operating with very low overhead are known as______________. A. Franchisee. B. Self-Employed C. Economy of Scales Exploiters. D. Speculators. ANSWER: C

57. Hierarchy of human needs theory was developed by __________. A. Maslow. B. Malthus. C. Adam Smith. D. David Mc Cleland. ANSWER: A

58. ______________ is the reward given to Land, being one of the factors of production. A. Interest. B. Rent. C. Wages. D. Profit. ANSWER: B

59. _____________ is the reward given to Labour, being one of the factors of production. A. Interest. B. Rent. C. Wages. D. Profit. ANSWER: C

60. ______________ is the reward given to Capital, being one of the factors of production A. Interest. B. Rent. C. Wages. D. Profit. ANSWER: A

61. ______________ is the reward given to entrepreneur for taking the risk involved in the business. A. Interest. B. Rent. C. Wages. D. Profit. ANSWER: D

62. _________ described entrepreneurship as a necessary dynamic force for the economic development.

A. Shayigh B. Schumpeter. C. Parson and Smelser. D. Harbison. ANSWER: A

63. ______________ stated that entrepreneurs are the prime movers of innovations. A. Shayigh. B. Schumpeter C. Parson and Smelser. D. Harbison. ANSWER: D

64. __________ described entrepreneurship as one of the two necessary conditions for economic development, the other being theincreased output of capital. A. Shayigh. B. Schumpeter. C. Parson and Smelser. D. Harbison. ANSWER: C

65. ___________ visualised the entrepreneurs as the key figure in economic development because of his role of introducinginnovations. A. Shayigh. B. Schumpeter. C. Parson and Smelser. D. Harbison. ANSWER: B

66. Due to the Perfection in art, durability beyond the doubt, and appeal to the eye of the Indian products, India was known as the_____________ of International trade. A. King B. Queen. C. Prince. D. Princess. ANSWER: B

67. In 1677, ____________ was given a contract for building the first large gun-powder mill in Bombay for the EIC. A. Manjee Dhanjee B. Ranchodlal. C. Nanabhoy Davar. D. Jamshedjee Tata. ANSWER: A

68. ____________ a first Indian who succeeded to set up a textile manufacturing on the modern factory in 1861 in Ahamadabad. A. Manjee Dhanjee. B. Ranchodlal. C. Nanabhoy Davar. D. Jamshedjee Tata. ANSWER: B

69. ____________ set up a textile mill in Bombay in 1854 which is followed by Nawrosjee Wadia in Bombay in 1880. A. Manjee Dhanjee. B. Ranchodlal. C. Nanabhoy Davar. D. Jamshedjee Tata. ANSWER: C

70. ____________ was the first Parsi entrepreneur who established the first steel industry in Jamshedpur in 1911. A. Manjee Dhanjee. B. Ranchodlal. C. Nanabhoy Davar. D. Jamshedjee Tata ANSWER: D

71. Jamshedjee Tata was the first Parsi entrepreneur who established the first steel industry in Jamshedpur in the year __________.

A. 1919. B. 1911. C. 1947. D. 1921. ANSWER: B

72. Acquired needs theory of motivation was developed by _______________. A. Maslow. B. Malthus. C. Adam Smith. D. David Mc Cleland. ANSWER: D

73. __________ are the needs to establish and maintain friendly smooth relations with others. A. Need for affiliation. B. Need for power. C. Need for achievement. D. Need for Safety. ANSWER: A

74. _______ refers to ones desire to accomplish something with own efforts or excel in his efforts. A. Need for affiliation B. Need for power. C. Need for achievement D. Need for Safety. ANSWER: C

75. The basic to human life and include food, clothing, shelter, air, water and other necessities of life is known as __________. A. Physiological Needs B. Safety and Security needs. C. Social needs. D. Esteem needs. ANSWER: A

76. ___________ needs find expression in such desires as economic security and protection from physical dangers. A. Physiological Needs. B. Safety and Security needs. C. Social needs. D. Esteem needs. ANSWER: B

77. ___ need refers to ones desire to dominate and influence others by using physical objects and actions. A. Need for affiliation B. Need for power C. Need for achievement D. Need for Safety. ANSWER: B

78. ______________ needs refer to self-esteem and self-respect such as self-confidence, achievement, competence, knowledge andindependence. A. Physiological Needs. B. Safety and Security needs. C. Social needs. D. Esteem needs. ANSWER: D

79. ______________ refers to self-fulfilment which means to become actualized in what one is potentially good at. A. Physiological Needs. B. Safety and Security needs. C. Self Actualisation. D. Esteem needs. ANSWER: C

80. Find out the economic factor which motivates the entrepreneur? A. Capital. B. Social Mobility.

C. Security. D. Need Achievement. ANSWER: A

81. Find out the Psychological factor which motivates the entrepreneur? A. Capital. B. Social Mobility. C. Security. D. Need Achievement. ANSWER: D

82. Find out the Psychological factor which motivates the entrepreneur? A. Withdrawal of Status Respect. B. Social Mobility. C. Security. D. Capital. ANSWER: A

83. One of the following is not a barrier to entrepreneurship. A. Government subsidies. B. Social system C. Uneconomic culture D. Unproductive interest ANSWER: A

84. ______, a British scholar says that the creative process passes through several phases such as: idea germination, preparation,incubation, illumination and verification. A. Graham Wallas. B. Thomas Alva Edison. C. Alex E. Osborn. D. Adam Smith. ANSWER: A

85. _______________, who conceptualized the brainstorming theory identifies nine ways to manage the process of modifying andrefining the imaginative thoughts. A. Graham Wallas. B. Thomas Alva Edison. C. Alex E. Osborn. D. Adam Smith. ANSWER: C

86. A moderator leads a group of people through open and in-depth discussion rather than simply asking questions to solicitparticipant response; such group is known as ___________. A. Peer group. B. Rival group. C. Focus group. D. Brain storming. ANSWER: C

87. ___________ is a method allow people to be stimulated a greater creativity by meeting with others and participating in organisedgroup experiences. A. Peer group B. Rival group. C. Focus group. D. Brain storming. ANSWER: D

88. Under __________ method, consumers are provided with a list of problems in a general product category. They are then asked toidentify and discuss products in this category that have the particular problem. A. Peer group analysis. B. Problem inventory analysis. C. Focus group. D. Brain storming. ANSWER: B

89. NCAER stands for ____________.

A. National Council of Applied Economic Research. B. National Courcil of Applied Engineering Research. C. National Credit And Equity Research. D. National Committee for Aviation Engineering Research. ANSWER: A

90. The Founder of Amway is ___________. A. Richard Brandson. B. Richard Devos. C. Steve Job. D. Bill Gates. ANSWER: B

91. The Founder of Virgin group of companies is ___________. A. Richard Brandson. B. Richard Devos. C. Steve Job. D. Bill Gates. ANSWER: A

92. Nutrilite is one of the product of ____________. A. Herbalife. B. Hindustan Lever Ltd. C. Union Carbide Company. D. Amway. ANSWER: D

93. Find out the odd one from the following. A. Shares and Debentures. B. Surplus of Profit. C. Public Deposits. D. Long term loans from Banks. ANSWER: B

94. Find out the short term source of fund from the following. A. Shares and Debentures. B. Surplus of Profit. C. Public Deposits. D. Trade Credit from Vendors. ANSWER: D

95. Find out the long term source of fund from the following. A. Short term loans from Banks. B. Trade Credit from Vendors. C. Issue of Shares. D. Advance from Customers and Dealers. ANSWER: C

96. One of the following is not a short term source of fund. A. Short term loans from Banks. B. Trade Credit from Vendors. C. Issue of Debentures. D. Advance from Customers and Dealers. ANSWER: C

97. One of the following is not a long term source of fund. A. Shares and Debentures. B. Surplus of Profit. C. Public Deposits. D. Advance from Customers and Dealers. ANSWER: D

98. Find out the odd one from the following. A. Issue of Shares B. Issue of Debentures. C. Public Deposits.

D. Advance from Customers and Dealers. ANSWER: D

99. ICICI was set up in the year __________. A. 1945. B. 1955. C. 1975. D. 1985. ANSWER: B

100. LIC was established under the LIC Act in ___________. A. 1945. B. 1954. C. 1956. D. 1965. ANSWER: C

101. SIPCOT is a _______ owned financial and development Institution incorporated under the Indian Companies Act 1956 in theyear 1972. A. Central. B. State. C. Private. D. State and Central Government. ANSWER: B

102. The objectives of _______ is to Establish, develop, maintain and manage industrial complexes and parks to function as growthcentres at various places across the State of Tamil Nadu. A. ICICI. B. IDBI. C. SIPCOT. D. SBI. ANSWER: C

103. ____________ was established in 1983 by the Ministry of Industry, Govt. of India, as an apex body for coordinating andoverseeing the activities of various institutions/ agencies engaged in Entrepreneurship Development particularly in the area of smallindustry and small business A. NIESBUD. B. NISIET. C. NIMSME. D. IIE. ANSWER: A

104. With an aim to undertake training, research and consultancy activities in the small industry sector focusing on entrepreneurshipdevelopment, the ______ was established in the year 1993 at Guwahati. A. NIESBUD B. NISIET. C. NIMSME. D. IIE. ANSWER: D

105. The _______ is an autonomous body and not-for-profit institution, set up in 1983, is sponsored by apex financial institutions,namely the Industrial Development Bank of India (IDBI), IFCI Ltd., ICICI and State Bank of India (SBI). A. NIESBUD. B. EDII. C. NIMSME. D. IIE. ANSWER: D

106. The ___________ was started on 8th May, 1978 with a view to provide integrated administrative frame at the district level forpromotion of small scale industries in rural areas. A. SFC. B. EDII. C. DIC. D. IIE. ANSWER: C

107. An experiment on entrepreneurship was conducted in Kakinada of Andra Pradesh in January 1964 by ___________. A. Adam Smith. B. David McCleland. C. Leonardo. D. Pearson. ANSWER: B

108. To find out the _____________ the banker examines the statements given with the project proposal in respect of Cost of theproject, Cost of production and profitability, Cash Flow estimates and Proforma Balance sheets. A. Financial feasibility. B. Technical feasibility. C. Economic feasibility. D. Management competence. ANSWER: A

109. KVIC stands for ____________. A. Khendra Village Industries Centre. B. Khadi Village Industries Centre. C. Khadi and Village Industries Commission. D. Khadi and Village Information Committee. ANSWER: C

110. The establishment which is organised and managed by an individual is known as ________. A. Sole Tradership. B. Partnership. C. Co-operative society. D. Company. ANSWER: A

111. The organisation started and managed by two or more individuals with an agreement with them to share the profit and loss isknown as __________. A. Sole Tradership. B. Partnership. C. Co-operative society. D. Company. ANSWER: B

112. The organisation started by a group of voluntary association to fulfill a common object is known as ______________. A. Sole Tradership. B. Partnership. C. Co-operative society. D. Company. ANSWER: C

113. Find the suitable form of organisation for starting a business at large scale. A. Sole Tradership. B. Partnership. C. Co-operative society. D. Company. ANSWER: D

114. The peculiar type of organisation found only in India in which the head of the family known as Kartha is ___________. A. Sole Tradership. B. Partnership. C. Hindu Undivided Family. D. Company. ANSWER: C

115. ___________ is the oldest form of business organisation. A. Sole Tradership. B. Partnership. C. Hindu Undivided Family. D. Company. ANSWER: A

116. _____________ is a written document prepared by the entrepreneur that describes all the relevant external and internal

elements involved in starting a new venture. A. Business Plan. B. Production Plan. C. Operation Plan. D. Marketing Plan. ANSWER: A

117. ___________ describes the complete manufacturing process, subcontract if any, physical plant layout, machinery andequipment needed, raw materials and the details of suppliers and the need of future capital equipments. A. Business Plan. B. Production Plan. C. Operation Plan. D. Marketing Plan. ANSWER: B

118. ___________ shows the description of companys operation, flow of order for goods and services and technology utilisation. A. Business Plan. B. Production Plan. C. Operation Plan. D. Marketing Plan. ANSWER: C

119. ___________ describes how the products or services will be distributed, priced and promoted. A. Business Plan. B. Production Plan. C. Operation Plan. D. Marketing Plan. ANSWER: D

120. _________ describes the form of ownership such as proprietorship, partnership, or corporation. A. Organisational Plan. B. Production Plan. C. Operation Plan. D. Marketing Plan. ANSWER: A

121. ________ determines the potential investment commitment needed for the new venture and indicates whether the business planis economically feasible. A. Organisational Plan. B. Production Plan. C. Financial Plan. D. Marketing Plan. ANSWER: C

122. Which one of the following organisation has unlimited liability of its members? A. Soletradership. B. Cooperative society. C. Joint Stock Company. D. Public Undertakings. ANSWER: A

123. Which one of the following organisation has limited liability of its members? A. Soletradership. B. Partnership. C. Joint Stock Company D. Hindu Undivided Family. ANSWER: C

124. At Break Even Point _________________. A. There will be a loss. B. There will be a profit. C. There will be neither profit nor loss. D. The revenue will be less than the cost. ANSWER: C

125. _____________ is the difference between Sales and Variable cost.

A. Fixed Cost. B. Profit. C. Contribution. D. Margin of safety. ANSWER: C

126. In Break Even Analysis _____________ is not considered. A. Total cost. B. Fixed cost. C. Variable cost. D. Selling cost ANSWER: B

127. Margin of Safety is the difference between ___________. A. Total cost and Total revenue. B. Gross revenue and Net revenue. C. Present Sales and Break even sales. D. Total sales and Total cost. ANSWER: C

128. _________ is a schedule for a predetermined for a future period to indicate cash inflows and outflows. A. Cash budget. B. Production budget. C. Sales budget. D. Purchase budget. ANSWER: A

129. ________ is an estimate of expected sales during a budget period. A. Cash budget. B. Production budget. C. Sales budget. D. Purchase budget. ANSWER: C

130. _________ is prepared by the production manager to estimate the quantity of production during the budget period. A. Cash budget. B. Production budget. C. Sales budget. D. Purchase budget. ANSWER: B

131. A budget which is started from scratch every year is known as ________. A. Cash budget. B. Production budget. C. Sales budget. D. Zero base budget. ANSWER: D

132. _________ is the amount at any given volume of output by which aggregate costs are charged if the volume of output isincreased by one unit. A. Total cost. B. Marginal cost. C. Opportunity cost. D. Historic cost. ANSWER: B

133. The maximum number of members in case of a private limited company is _________. A. Ten. B. Twelve. C. Fifty. D. Not fixed. ANSWER: C

134. The minimum number of members in case of a private limited company is _________. A. Ten. B. Twelve.

C. Fifty. D. Two. ANSWER: D

135. The maximum number of members in case of a public limited company is _________. A. Ten. B. Twelve. C. Fifty. D. Unlimited. ANSWER: D

136. The minimum number of members in case of a public limited company is _________. A. Seven. B. Twelve. C. Fifty. D. Hundred. ANSWER: A

137. The maximum number of members in case of a partnership firm doing banking business is _________. A. Two. B. Twenty. C. Five. D. Ten. ANSWER: D

138. The maximum number of members in case of a partnership firm doing other than banking business is _________. A. Two. B. Twenty. C. Five. D. Ten. ANSWER: B

139. The minimum number of members in case of a partnership firm is _________. A. Two. B. Twenty. C. Five. D. Ten. ANSWER: A

140. Consumers Co-operative Societies are formed to ________________. A. Provide housing facilities to the members. B. Facilitate marketing of goods. C. Protect the interest of the consumers. D. Provide financial support to the members. ANSWER: C

141. The shops which are owned by the same proprietor and located in different parts of the city or country are known as___________. A. Departmental Store. B. Super Bazar. C. Multiple Shops. D. Mail Order Business. ANSWER: C

142. A business person who accepts both the risks and the opportunities involved in creating and operating a new business venture iscalled _________. A. Chief Executive Officer. B. Sole Operator. C. Entrepreneur. D. Administrative Officer. ANSWER: C

143. Business owned and usually operated by one person who is responsible for all of its debts is __________. A. Limited Partnership. B. General Partnership. C. Sole Proprietorship.

D. Corporation. ANSWER: C

144. _______________ is not a type of business organization. A. Company. B. Corporation. C. Partnership. D. Entrepreneurship. ANSWER: D

145. The first step in starting a small business is to find out ______________. A. Business Idea. B. Business Comment. C. Investment. D. Initiation. ANSWER: A

146. DST stands for ____________. A. Directorate of Science & Technology. B. Distance Study on Technology. C. Descriptive Study on Technlogy. D. Disputed Survey on Telephone analogy. ANSWER: A

147. Which one of the following is the first step in the entrepreneurial process? A. Developing successful business ideas. B. Deciding to become an entrepreneur. C. Growing the entrepreneurial firm. D. Moving from an idea to an entrepreneurial firm. ANSWER: A

148. An individuals need to be recognized is called _____________. A. Need for Independence. B. Need for Affiliation. C. Need of Fame. D. Need for Achievement. ANSWER: B

149. Which one of the following becomes a creative factor in production? A. Land. B. Capital. C. Consumers. D. Human Resources. ANSWER: D

150. Evaluation of your own strength and weaknesses ___________. A. Self Assessment. B. Employer. C. Entrepreneurship. D. Environment. ANSWER: A

Staff Name AROCKIA.SAGAYARAJ.T.