EPD Quiz III

1.What is meant by understanding taxation and accounting laws?

• It refers to the study of financial markets and investments.
• It involves learning about personal finance and budgeting.
• It is about understanding international trade laws and regulations.
• It means grasping the legal frameworks that dictate tax responsibilities and accounting practices.

2.Recollect the full form of NDA?

• National Defense Association
• Non Disclosure Agreement

• National Development Agency
• National Diplomatic Academy

3.Discuss Supply demand gap?

• The supply-demand gap is the total revenue generated in a market.
• The supply-demand gap refers to the number of suppliers in a market.
• The supply-demand gap is the difference between fixed and variable costs.
• The supply-demand gap is the difference between the quantity supplied and the quantity demanded in a market.

4.Which is the major root cause for financial appraisal?

• Evaluation of employee performance
• Analysis of market trends
• Assessment of investment viability and profitability
• Assessment of operational efficiency

__________________________is a form of private equity and a type of financing that investors provide to startup companies and small businesses that are believed to have long-term growth potential.

6.________________is a high net worth individual who provides financial backing for small startups or entrepreneurs, typically in exchange for ownership equity in the company

7.An Indian business tycoon, philanthropist, and notable angel investor, ___________served as chairman of Tata Group from 1991 to 2012.

• Mukesh Ambani
• Anand Mahindra
• N. R. Narayana Murthy
• Ratan Tata

8.When _______________ wanted to do something of her own, she knew she wanted to look at a market like India - different, new, and emerging.This led her to start Eximius Ventures in March 2020.

9.Discuss the process to develop entrepreneurial venture.

• The process to develop an entrepreneurial venture includes identifying a business idea, conducting market research, creating a business plan, securing funding, registering the business, developing the product, implementing marketing strategies, and launching the business.
• Developing a product without any marketing strategies.
• Creating a business plan after securing funding.
• Identifying a business idea and launching immediately without research.

10.What is commercial bank?

• A commercial bank is a financial institution that accepts deposits and provides loans.
• A commercial bank is a government-owned institution.
• A commercial bank only provides savings accounts.
• A commercial bank is a type of investment firm.