WorksheetsEntrepreneurship Quiz
Total questions: 62
Worksheet time: 43mins
Which of the following best defines an entrepreneurial society?
A society focused on agriculture
A society that encourages innovation, creativity, and risk-taking
A society where only large companies exist
A society dependent on imports
An individual who initiates, creates and manages a new business can be called _____________.
A leader
A manager
An entrepreneur
A professional
Which of the following is the reason for business failure __________.
Lack of market research.
Poor financial control.
Poor management.
All the above.
Innovation can best be defined as_______.
the generation of new ideas.
the evolution of new ideas.
the opposite of creativity.
the successful exploitation of new ideas.
Entrepreneurs are motivated by _________.
money.
personal values.
pull influences.
All the above.
For medium manufacturing enterprises,the investment in plant and machinery is between....
10 lakhs to 2 crores
25 lakhs to 5 crores
2 crores to 5 crore
5 crores to 10 crores
SWOT analysis s stands for ?
Success
Strength
Strategy
Survey
Which is a characteristic of a successful entrepreneur?
Motivated
Takes very little risk
Passionate
Hard-working
What information should NOT be included in a business plan?
Your financing needs
Your basic business concept
Your marketing plan
Your assets and liabilities
__________ is a written document that describes all the aspects of a business venture in a concise manner.
Business Model
Business Plan
Business Strategic
Business Strategy
Why should an entrepreneur do a feasibility study for starting a new venture:
a) To identify possible sources of funds
b) To see if there are possible barriers to success
c) To estimate the expected sales
d) To explore potential customers
Which business venture entrepreneurs are known as Business Angels or Angel Investors?
Home Based
Venture Capitalist
Social
Lifestyle
Finance functions are
Planning for funds
Raising of funds
Allocation of funds
All of the above
Wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.
Consumer
Seller
Capital
Demand
The ___________________ is a report of the revenue, expenses, and net income or net loss over an accounting period.
income statement
accounts payable
owner's equity
financial statement
What is NSE
National security express
National stock express
National stock exchange
National share expect
The current price of the stock is called the _____.
Market Value
Stock Split
Commercial Terms
Dividend
What does the acronym CRISPR stand for?
Controlled Reservative Image Spectacle Palindromic Recounts
Clustered Regularly-Interspaced Short Palindromic Repeats
CRISPR can edit DNA. What organisms naturally has CRISPR?
Viruses
Humans
Plants
Bacteria
Why do bacteria have CRISPR? Check all that apply.
To be able to remember which viruses they have been infected with
To be able to edit virus DNA
To cut apart virus DNA thereby stopping the virus infection
To be able to edit their own DNA
A PAM is
a 15-20 bp sequence snipped from a viral genome that serves as a tracer DNA to locate viruses later
a 3 bp sequence that adjacent to viral DNA in a CRISPR array
a girl's name popular in the 1960s
where the DNA is cut
What is the role of the guide RNA?
It helps the cell repair the DNA
ensures that the Cas9 enzyme cuts at the right point in the genome
Recognizes PAM sequences and opens up the DNA
makes a cut across both strands of the DNA
How does the guide RNA help the cell know where to cut the DNA?
Guide RNA helps to find the PAM
Guide RNA is complementary to the DNA sequence
Guide RNA always binds to the same sequence of DNA
Like restriction sites, they are always palindromes
The following sequence is a known GENE MUTATION that geneticists would like to remove. What would be the guide RNA they need to build into a CRISPR-Cas9 enzyme?
TTA CCG
AAU GGC
AAT GGC
TTA CCG
GCC ATT
What does the cas9 protein do?
Prevents viruses from entering bacteria
Cut RNA
Cut DNA
Binds to RNA
Full Form of MSME
Medium, Small and Micro Enterprises
Micro, Small and Medium Enterprises
Macro, Small and Medium Enterprises
Micro, State and Medium Enterprises
Which of these industries does NOT belong to Manufacturing Sector? इनमें से कौन सी इंडस्ट्री विनिर्माण सेक्टर में नहीं है?
Leather
Food Processing
Gems and Jewellery
Tourism
Which of these industries belongs to the Manufacturing Sector? इनमें से कौन सी इंडस्ट्री विनिर्माण सेक्टर में आती है ?
eCommerce
Chemicals
Banking
Hospitality
Full Form of MSME
Medium, Small and Micro Enterprises
Micro, Small and Medium Enterprises
Macro, Small and Medium Enterprises
Micro, State and Medium Enterprises
Which of these industries does NOT belong to Manufacturing Sector? इनमें से कौन सी इंडस्ट्री विनिर्माण सेक्टर में नहीं है?
Leather
Food Processing
Gems and Jewellery
Tourism
Which of these industries belongs to the Manufacturing Sector? इनमें से कौन सी इंडस्ट्री विनिर्माण सेक्टर में आती है ?
eCommerce
Chemicals
Banking
Hospitality
MSME Act was passed in which year? MSME कानून किस वर्ष में पारित हुआ था?
2006
2012
2016
2018
According to MSME (Amendment) Bill 2018, what is the new basis to define MSMEs? MSME (संशोधन ) बिल 2018 के अनुसार, MSME को परिभाषित करने का नया आधार क्या है?
Investment Limit (निवेश की सीमा )
Annual Turnover (सालाना बिक्री)
Balance Sheet (बैलेंस शीट)
(Number of employees) कर्मचारियों की संख्या
According to MSME (Amendment) Bill 2018, what is the proposed limit of annual turnover to define Small Enterprise ? MSME (संशोधन ) बिल 2018 के अनुसार, लघु उद्योग को परिभाषित करने के लिए सालाना बिक्री की क्या सीमा प्रस्तावित है ?
Upto Rs 5 crore
Rs 5 crore to Rs 75 crore
Rs 75 crore to Rs 250 crore
More than Rs 250 crore
Small and medium scale enterprises (SMEs) are understood in India as enterprises where the investment in plant and machinery or equipments is between ————–
Rs. 10 lacs to 25 lacs
Rs. 25 lakhs to Rs. 10 crores
Rs. 50 lacs to 5 crores
Rs. 50 Lacs to Rs. 10 crores
In the classification of MSME sector micro enterprises have investments in plant and machinery up to Rs.————-
10 lacs
50 lacs
25 lacs
1 crore
——————— acts as a Principal Financial Institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector.
Mudra Bank
RBI
SBI
SIDBI (Small Industries Development Bank of India)
What does this represent?
Cash flow
Business Activity
Working capital cycle
Liquidity cycle
Sufficient working capital is needed to prevent a business from becoming insolvent.
True
False
Not sure
Which of the following could be turned into cash the easiest or quickest?
Raw materials
Finished product
Semi-finished product
None of these
The cheapest source of finance is
Equity Shares
Preference Shares
Retained Earnings
Debentures
Net Woking capital refers to
Total current Assets
Current Asset + Current Liabilities
Current Assets - Current Liabilities
Current Liabilities - Current Assets
A fixed assets of business firm should be financed through :
Long term liability
Short term Liability
A Mix of long term and short term liability
A Mix of long term and short term liability None of the above
Which of the following is NOT true of working capital?
It is the amount of capital the firm has available to pay for its operations
The amount of money a firm has to spend in the short term
It is a measure of the firm's liquidity
It is the sum total of a firm's fixed assets
One way a firm can shorten the working capital cycle is:
Reduce the amount of debt
Decrease the amount of current assets
Increase the amount of time customers have to pay on credit
Reduce the amount of time customers have to pay on credit
The longer the working capital cycle takes to complete, the _____________ working capital a firm will need.
Less
More
NOT SURE
NEITHER MORE NOR LESS
What is the classification of Working Capital based on time :
Gross and Net
Permanent and Temporary
Current and Quick
None of these
The basic objectives of Working Capital Management are :
Optimum utilization of resources for profitability.
To meet day to day current obligations
Ensuring marginal return on current assets is always more than cost of capital
Select any one of the above statement.
The proportion of debt in the overall capital is also called __________
Capital Structure
Financial Leverage
Trading On equity
Cost of funds
The increase in profit earned by the equity shareholders due to the presence of fixed financial charges like interest is called ______
Financial leverage
Debt Coverage
Interest coverage
Trading on Equity
If return on investment is 10 % and rate of interest is 12% then which source of fund should be used for maximizing shareholder's wealth.
Debt
Equity
BOTH THE ABOVE
NONE OF THESE
This is the process of planning expenditures that generate cash flows expected to extend beyond one year.
operating budgeting
financial budgeting
capital budgeting
purchasing budgeting
What is a business plan?
Written document that only outlines the business practices of the new business.
Written document that describes the financial aspects of the business.
Written document that only describes the ownership of the business.
Written document that describes all the steps necessary for opening and operating a successful business.
Why do you need a business plan?
To explain your idea
the ability to get financing.
it's a road map that sets objectives and goals for the business.
To help reduce the risk of business failure.
All of the above.
What elements are not of a business plan?
Introduction
Management Plan
Insurance Plan
Marketing Plan
Financial Plan
