Small Business Quiz

Entrepreneurship is creative because it includes various factors of production , produce goods and services that meet the needs and wants of the society.state true or false.

Assertion (A) : Entrepreneurship development helps the economies capital formation Reason (R): Entrepreneurs develop and manufacture substituted goods for imported products and prevent over dependents on other countries. In the context of the above two statements, which of the following is correct? Both (A) and (R) are correct and (R) is the correct reason of (A). Both (A) and (R) are correct and (R) is not the correct reason of (A). ( A) is correct but (R) is wrong. ( A) is wrong but (R) is correct.

Some rights protect the innovation and creation of entrepreneurs as per Intellectual Property Rights. Match these rights with their applied area: Column A Column B (i) Copyright (a) differentiation of one good of a co. from another company (ii) Trademark (b) protection of eye catching feature of an Article (iii) Patent (c) not to copy the original idea (iv) Designs ( d) protects the scientific inventions

The purpose of geographical Indications is to encourage innovation in the scientific field. State true or false

Startup India scheme was announced on A. 26 January 2015 B. 15th August 2015 C .8 November 2016 D. none of the above

Start up is an entrepreneurial venture that capitalizes on developing, improving, innovating new product, process and services for the target market. Match the terms with suitable meaning: Column A Column B (i) Boot strapping (a) incubator who nurtures the businesslike child (ii) Crowd funding (b) act as a litmus test (iii) Angel investment (c) individual with surplus cash and mentoring (iv) Venture capital (d) pooling of resources by group of people (v) Business Accelator (e) self financing

includes shape, pattern and arrangement of lines or color combination that is applied to any article

• Design

• copy right

• patent

• Trade mark

Copyright protection is not available for

• Literary work

• Music work

• Artistic work

• Assembling

National small industries corporation was set up in the year

• 1956

• 1955

• 1953

• 1954

people who own, operate and take risk of a business venture

• Aptitude

• employee

• Entrepreneur

• Entrepreneurship