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ENTREPRENEURSHIP DEVELOPMENT (Module - 3)

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

Which of the following is NOT nature of Small Business?

a)

Shoestring Budget

b)

Labour intensive

c)

Non Community-based

d)

Indigenous technology

2.

What are the Reasons for Developing Small Enterprises in India ?

a)

To generate Large Scale Employment Opportunities

b)

To Eradicate Unemployment Problem

c)

To promote balanced regional development

d)

Equitable distribution of National Wealth & Income.

e)

All of the above

3.

As per MSMED Act, 2006, in manufacturing sector a micro enterprises is ?

a)

Investment in plant and machinery in between Rs 25 lakh and Rs 5 Cr.

b)

Investment in plant and machinery in more than Rs 10 Cr

c)

Investment in plant and machinery in between Rs 5 Cr and Rs 10 Cr.

d)

Investment in plant and machinery in less than or equal to Rs 25 Lakh

4.

As per MSMED Act 2006, in service sector a small enterprises is?

a)

Investment in equipment in less than or equal to Rs 10 Lakh

b)

Investment in equipment in between Rs 10 lakh and Rs 2 Cr

c)

Investment in equipment in between Rs 2 Cr and Rs 5 Cr

d)

Investment in equipment in more than Rs 5 Cr.

5.

As per the new Definition of Micro, Small and Medium Enterprises from 2019 onwards, a Medium Enterprises is?

a)

Annual turnover is less than Rs.5 cr

b)

Annual turnover is between Rs. 5 Cr to Rs. 75 cr.

c)

Annual turnover is between Rs. 75 Cr to Rs. 250 cr.

d)

Annual turnover more than Rs. 250 cr.

6.

As per the new Definition of Micro, Small and Medium Enterprises from 2019 onwards, a Small Enterprises is?

a)

Annual turnover is between Rs. 75 Cr to Rs. 250 cr.

b)

Annual turnover is between Rs. 250 Cr to Rs. 500 cr.

c)

Annual turnover is less than Rs.5 cr

d)

Annual turnover is between Rs. 5 Cr to Rs. 75 cr.

7.

As per the statistics, Small Medium Enterprises accounts how much % of industrial output ?

a)

45%

b)

30%

c)

60%

d)

90%

8.

As per the statistics, Small Medium Enterprises accounts how much % of the total exports in India?

a)

50%

b)

70%

c)

40%

d)

85%

9.

As per the statistics, small medium enterprise create how much jobs every year?

a)

1 million

b)

2.4 million

c)

3 million

d)

1.3 million

10.

Select the correct multiple reasons behind growth in SME business.

a)

High contribution to domestic production

b)

Low investment requirements

c)

Low export earnings

d)

High intensive imports

11.

What are the Challenges faced by SME (Seclect multiple options).

a)

Lack of capital

b)

Inability to attract talented and tech-savvy manpower

c)

Good infrastructure and utilities

d)

Lack of innovation

12.

Define woman running an enterprise ?

a)

An enterprise owned and controlled by a men having a minimum financial interest of 51% of the capital and giving at least 51% of the employment generated in the enterprise to women

b)

An enterprise owned and controlled by a women having a minimum financial interest of 51% of the capital and giving at least 51% of the employment generated in the enterprise to women

c)

An enterprise owned and controlled by a women having a minimum financial interest of 51% of the capital only.

d)

An enterprise owned and controlled by a women having a minimum financial interest of 40% of the capital and giving at least 41% of the employment generated in the enterprise to women

13.

Identify the famous women entrepreneur?

a)

Vandana Luthra

b)

Priya Paul

c)

Suchi Mukherjee

d)

Indra Nooyi

14.

Which is push factor responsible for Women Entrepreneurship?

a)

Family income is insufficient

b)

Financial Independence

c)

Use of the existing skills and education

d)

Higher social status

15.

Select the pull factor responsible for Women Entrepreneurship from the below option?

a)

Role of the sole bread earner

b)

Family income is insufficient

c)

Not able to find a suitable employment

d)

Financial Independence

16.

Which are the problems encountered by Women while taking up Entrepreneurship?

a)

Lack of Finance

b)

Stepping into new markets

c)

Dual Responsibility

d)

All of the above

17.

What is Floating of SMEs?

a)

Registration of firm

b)

Applying for Loan

c)

Giving over a percentage of the company for purchase by the public in the form of shares.

d)

None of the above

18.

What are the Different methods of flotation?

a)

Placing only

b)

Placing, Public offer and Introduction

c)

Public offer only

d)

None of the above

19.

What is RoC ?

a)

Draft of the Prospectus

b)

Securities and Exchange Board of India

c)

Registrar of Companies

d)

None of the above

20.

What is provincial registration by SME?

a)

Permanent registration

b)

Registration by SME after making profit

c)

Registration at pre-investment stage

d)

None of the above

21.

What is Technical Appraisal?

a)

critical study of environmental effect

b)

Study of Selection of process/technology

c)

Study of market for product/service

d)

None of the above

22.

What is Economic Appraisal?

a)

Study on Scale of operations

b)

Study on Technical Know-how

c)

Study on Plant layout

d)

Study on effect of the project on the whole economy

23.

Who is Angel capitalist?

a)

Bank

b)

State Financial Corporations

c)

Individual who invest their own money for a business start-up, usually in exchange for convertible debt or ownership equity

d)

Individual or firm invests in small companies, generally using money pooled from investment companies, large corporations, and pension funds

24.

Projected financial statements are also called

a)

Profit and loss account

b)

Balance sheet

c)

Pro forma financial statements

d)

None of the above

25.

Which are the limitations on Projected Financial Statements

a)

Unforeseen Situations

b)

Narrowed Focus

c)

Takes Time

d)

All of the above