Bihar Board 12th Entrepreneurship Objective Important Questions Part 1 in English

Bihar Board 12th Entrepreneurship Objective Important Questions Part 1 in English

BSEB 12th Entrepreneurship Objective Important Questions Part 1 in English

Question 1.
It is necessary to give due consideration on internal resources before initiating a particular decision
(a) Yes, it is necessary
(b) No, not necessary
(c) Necessary for External Resources
(d) None of the above
Answer:
(a) Yes, it is necessary

Question 2.
Which of the following is a factor affecting identification of business opportunities?
(a) Volume of Internal demand
(b) Created opportunity
(c) Existing opportunity in the Environment
(d) None of the above
Answer:
(a) Volume of Internal demand

Question 3.
Learning processes involves
(a) Drive
(b) cue
(c) Response
(d) Drive, Cue and Response
Answer:
(d) Drive, Cue and Response

Question 4.
Subsidy is
(a) Concession
(b) Discount
(c) Repayment
(d) None of these
Answer:
(d) None of these

Question 5.
Business regulatory frame work is concerned with what?
(a) Direction of business
(b) Volume of business
(c) Regulation
(d) None of the above
Answer:
(c) Regulation

Question 6.
What is the Economic policies determined?
(a) Direction of Business
(b) Volume of Business
(c) Direction & Volume of Business
(d) None of the above
Answer:
(c) Direction & Volume of Business

Question 7.
Short-term forecast involve a period of how many months?
(a) Twelve months
(b) Twenty four months
(c) Eighteen months
(d) Thirty six months
Answer:
(a) Twelve months

Question 8.
Demand forecasting is termed as what out of the following?
(a) Marketing
(b) Market demand
(c) Demand and supply
(d) All of the above
Answer:
(d) All of the above

Question 9.
Which of the following factors is to be considered while selecting a product or service?
(a) Competition
(b) Cost of production
(c) Profit possibility
(d) All of the above
Answer:
(d) All of the above

Question 10.
Out of the following what is essential to study in feasibility study?
(a) Cost
(b) Price
(c) Operation
(d) All of the above
Answer:
(d) All of the above

Question 11.
Market demand is known as
(a) Demand forecasting
(b) Real demand
(c) Supply
(d) None of those
Answer:
(a) Demand forecasting

Question 12.
What creates imperfection in the market which ultimately increases the volumes of sales and profit
(a) Innovation
(b) Promotion
(c) Marketing
(d) None of the above
Answer:
(a) Innovation

Question 13.
How will you formulate general plan of Business?
(a) By production planning
(b) By cost planning
(c) By financial planning
(d) By doing all the above
Answer:
(d) By doing all the above

Question 14.
Which of the following is a problem connected with Business?
(a) Profit
(b) Money
(c) Sales
(d) Risk Management
Answer:
(d) Risk Management

Question 15.
On which out of the following the formulating of the general plan of business depends?
(a) Project report
(b) Plant & production planning
(c) Marketing planning
(d) Financial planning
Answer:
(b) Plant & production planning

Question 16.
A successful entrepreneur must possess the quality of
(a) Leadership
(b) Control
(c) Innovation
(d) All of the above
Answer:
(d) All of the above

Question 17.
An entrepreneur
(a) serves as an economic man
(b) applies problem solving for projects
(c) undertakes to act as an intermedia between labour and capital
(d) All of the above
Answer:
(d) All of the above

Question 18.
Business is a game of
(a) Competition
(b) Challenge
(c) Skill
(d) None of these
Answer:
(c) Skill

Question 19.
The major achievement of an entrepreneur is
(a) profit
(b) growth
(c) quality
(d) market
Answer:
(a) profit

Question 20.
An entrepreneur is both a worker and
(a) Manager
(b) Owner
(c) Investor
(d) All of the above
Answer:
(b) Owner

Question 21.
Entrepreneurship involves
(a) Creations of a business unit
(b) Use of skill to earn profits
(c) decision to accept risks
(d) All of the above
Answer:
(d) All of the above

Question 22.
The success of an entrepreneur lies mainly in his ability to
(a) collect resources
(b) appoint staff
(c) sell products
(d) None of these
Answer:
(c) sell products

Question 23.
Market demand is also known as
(a) supply
(b) real demand
(c) demand forecasting
(d) None of the above
Answer:
(c) demand forecasting

Question 24.
Which factors affects market assessment?
(a) demand
(b) supply
(c) demand supply
(d) micro environment
Answer:
(d) micro environment

Question 25.
Which of the following factor is to be considered while selecting a product or service?
(a) Competition
(b) Cost of production
(c) Profit possibility
(d) all of the above
Answer:
(d) all of the above

Question 26.
Which of the following is to be consider at the time of selection of enterprise?
(a) Situation
(b) Capability
(c) Nature of Product
(d) all of the above
Answer:
(d) all of the above

Question 27.
Planning is
(a) long term
(b) short term
(c) middle term
(d) all of the above
Answer:
(d) all of the above

Question 28.
A good plan is
(a) Rigid
(b) Flexible
(c) Expensive
(d) None of these
Answer:
(b) Flexible

Question 29.
Project identification deals with
(a) logical opportunity
(b) Viable products
(c) effective demand
(d) all of the these
Answer:
(b) Viable products

Question 30.
DPR is
(a) action plan
(b) implement plan
(c) working plan
(d) none of these
Answer:
(b) implement plan

Question 31.
Projects is prepared
(a) by promoters
(b) by entrepreneur
(c) by manages
(d) all of these
Answer:
(d) all of these

Question 32.
Money spent on the preparation of project is
(a) wastage
(b) expenditure
(c) investment
(d) none of these
Answer:
(c) investment

Question 33.
Project report is a summary of
(a) information
(b) facts
(c) analysis
(d) all of these
Answer:
(d) all of these

Question 34.
“A plan is a trap to capture the future.” This statement is of:
(a) Newman
(b) Hurley
(c) Allen
(d) Terry
Answer:
(c) Allen

Question 35.
Of all managerial activities planning is the
(a) Beginning
(b) End
(c) Both (a) and (b)
(d) None of these
Answer:
(c) Both (a) and (b)

Question 36.
Planning is
(a) Past
(b) Future
(c) Present
(d) All time
Answer:
(d) All time

Question 37.
Planning is the function of management
(a) Primary
(b) Secondary
(c) Tertiary
(d) All of these
Answer:
(b) Secondary

Question 38.
Planning is
(a) Goal-oriented
(b) Objective-oriented
(c) Mental process
(d) All the above
Answer:
(d) All the above

Question 39.
A good plan is
(a) Expensive
(b) Flexible
(c) Rigid
(d) Time consuming
Answer:
(b) Flexible

Question 40.
The best method of Business growth is
(a) Customer satisfaction
(b) Maximum price
(c) Both
(d) None of these
Answer:
(a) Customer satisfaction

Question 41.
Break-even point indicates
(a) Zero profit, zero loss
(b) Cost revenue relation
(c) Minimum sale price
(d) All of these
Answer:
(a) Zero profit, zero loss

Question 42.
Modernisation improves
(a) Products
(b) Processes
(c) Capacity
(d) Labours
Answer:
(a) Products

Question 43.
Aspects of project evaluation is
(a) Technical evaluation
(b) Financial evaluation
(c) Managerial evolution
(d) All of these
Answer:
(d) All of these

Question 44.
Printing expenses are
(a) fixed
(b) variable
(c) semi-variable
(d) None of these
Answer:
(c) semi-variable

Question 45.
The type of shares are
(a) Equity share
(b) Preference share
(c) Both
(d) None of these
Answer:
(c) Both

Question 46.
Expenses on Marketing is
(a) Wastage
(b) Unnecessary expenses
(c) Burden on customers
(d) Investment
Answer:
(d) Investment

Question 47.
Debit the receiver and credit the giver rule apply
(a) In Personal A/c
(b) In Real A/c
(c) In Nominal A/c
(d) In Trading A/c
Answer:
(a) In Personal A/c

Question 48.
Project report is a summary of
(a) Facts
(b) Informations
(c) Analysis
(d) All of these
Answer:
(d) All of these

Question 49.
An entrepreneur must be conscious to protect
(a) Environment
(b) Shareholders
(c) Employees
(d) Customers
Answer:
(a) Environment

Question 50.
In view of growing global competition, an entrepreneur must ensure adequate of goods and services.
(a) quality
(b) price
(c) standard
(d) publicity
Answer:
(c) standard

Question 51.
The necessary quality of leadership is
(a) greatness
(b) wealth
(c) behaviour
(d) popularity
Answer:
(c) behaviour

Question 52.
One of the major causes of business failure is
(a) unskilled labour
(b) inadequate capital
(c) small market
(d) poor management
Answer:
(d) poor management

Question 53.
The major achievement of an entrepreneur is
(a) profit
(b) growth
(c) quality
(d) market
Answer:
(b) growth

Question 54.
The most important factor of business development is
(a) relations
(b) sales
(c) purchases
(d) power
Answer:
(a) relations

Question 55.
Which of the following is a element of sensing the opportunities?
(a) Ability to perceive
(b) Insight into the change
(c) Innovative quality
(d) All of these
Answer:
(d) All of these

Question 56.
Which of the following is a kind of opportunities?
(a) First opportunity
(b) Created opportunity
(c) Last opportunity
(d) None of these
Answer:
(b) Created opportunity

Question 57.
The factor identifies business opportunities
(a) Form of external assistant
(b) Possibility of export
(c) Volume of internal demand
(d) All of these
Answer:
(d) All of these

Question 58.
Learning process involves
(a) Drive
(b) Cue
(c) Response
(d) All of these
Answer:
(d) All of these

Question 59.
Subsidy is
(a) Concession
(b) Discount
(c) Repayment
(d) None off these
Answer:
(c) Repayment

Question 60.
Incentives are not concerned with
(a) Rebate
(b) Exemption from Tax
(c) Lump-sum payment
(d) Provision of seed capital
Answer:
(c) Lump-sum payment

Question 61.
Social behaviour is not conceded with
(a) Production of public goods
(b) Avoidance of unethical behaviour
(c) Fulfilment of social obligation
(d) Profit earning process
Answer:
(d) Profit earning process

Question 62.
Market demand is also known as
(a) supply
(b) real demand
(c) demand forecasting
(d) None of these
Answer:
(c) demand forecasting

Question 63.
Which of the following factors affect market assessment?
(a) Micro environment
(b) Production cost
(c) Demand
(d) None of these
Answer:
(a) Micro environment

Question 64.
Short forecast involves period
(a) 24 months
(b) 15 months
(c) 12 months
(d) 6 months
Answer:
(c) 12 months

Question 65.
Nature of marketing includes
(a) Product planning
(b) Classification of product
(c) Customer
(d) None of these
Answer:
(a) Product planning

Question 66.
Demand forecasting includes
(a) Consumer forecasting
(b) Short term forecasting
(c) Long term forecasting
(d) All of these
Answer:
(b) Short term forecasting

Question 67.
Which of the following factors is to be considered while selecting a product/services?
(a) Competition
(b) Cost of production
(c) Profit possibility
(d) All of the above
Answer:
(d) All of the above

Question 68.
Which of the following factors is not to be considered while selecting a product/services?
(a) Market asscssment
(b) Practicability
(c) Competition
(d) Product planning
Answer:
(d) Product planning

Question 69.
Feasibility study is a ractor
(a) Study
(b) Questionnaires
(c) Production
(d) Identification
Answer:
(b) Questionnaires

Question 70.
Selection of an enterprise depends upon
(a) Sole trading
(b) Partnership firm
(c) Self ability
(d) None of these
Answer:
(c) Self ability

Question 71.
The point which is considered while selecting an enterprise
(a) Product
(b) Marketing
(c) Availability of capital
(d) All of these
Answer:
(c) Availability of capital

Question 72.
Product selection is affected by
(a) Technical knowledge
(b) Availability of Market
(c) Position of Competition
(d) All of the above
Answer:
(b) Availability of Market

Question 73.
Essential elements while selectioning an enterprise
(a) Promotion
(b) Area of operation
(c) Secrecy
(d) All of these
Answer:
(b) Area of operation

Question 74.
Which form of organisation is preferred by an entrepreneur if production is to be undertaken on small scale basis?
(a) Sole trade
(b) Partnership
(c) Company
(d) None of these
Answer:
(a) Sole trade

Question 75.
Create perfection in the market to increase sales and profit
(a) Promotion
(b) Innovation
(c) Marketing
(d) Location
Answer:
(b) Innovation

Question 76.
A successful entrepreneur must possess the following quality
(a) Leadership
(b) Control
(c) Innovation
(d) All of the above
Answer:
(d) All of the above

Question 77.
Determines the form of organisation
(a) Size
(b) Innovation
(c) Study
(d) Location
Answer:
(a) Size

Question 78.
Implementation of Industrial licensing Act
(a) 1931
(b) 1941
(c) 1951
(d) 1961
Answer:
(c) 1951

Question 79.
Planning is done
(a) Short term
(b) Middle term
(c) Long term
(d) All terms
Answer:
(d) All terms

Question 80.
Planning is a trap to capture the future
(a) Newman
(b) Hurley
(c) Alen
(d) Terry
Answer:
(c) Alen

Question 81.
According to George R. Terry planning are of
(a) 2
(b) 4
(c) 6
(d) 8
Answer:
(b) 4

Question 82.
Planning is for
(a) Past
(b) Future
(c) Present
(d) For all
Answer:
(b) Future

Question 83.
Planning is
(a) Necessary
(b) Unnecessary
(c) Wastage of time
(d) Wastage of money
Answer:
(a) Necessary

Question 84.
Planning is the of all managerial activities
(a) Beginning
(b) End
(c) Beginning and End both
(d) None of these
Answer:
(c) Beginning and End both

Question 85.
A good plan is
(a) Goal oriented
(b) Objective oriented
(c) Mental process
(d) All of these
Answer:
(b) Objective oriented

Question 86.
Kinds of Planning on the basis of functions
(a) High level
(b) Middle level
(c) Low level
(d) All of these
Answer:
(d) All of these

Question 87.
Project is not concerned with
(a) Innovation
(b) Vision
(c) Risk
(d) Creativity
Answer:
(d) Creativity

Question 88.
A project is
(a) Cluster of activities
(b) Single activities
(c) Family welfare
(d) opportunity
Answer:
(a) Cluster of activities

Question 89.
Project Management is not concerned with
(a) Functional approach
(b) Centralised policy formulation
(c) Decentralised implementation
(d) Decentralised policy formulation
Answer:
(d) Decentralised policy formulation

Question 90.
Project report is a summary prepared
(a) By promoters
(b) By manager
(c) By entrepreneur
(d) All of these
Answer:
(d) All of these

Question 91.
Project report is a summary of
(a) Facts
(b) Informations
(c) Analysis
(d) All of these
Answer:
(d) All of these

Question 92.
When project plan fails?
(a) Employee
(b) Wrong data
(c) Forecasting
(d) None of these
Answer:
(b) Wrong data

Question 93.
Project appraisal is a
(a) Export analysis
(b) Expert analysis
(c) Profitability analysis
(d) All of these
Answer:
(c) Profitability analysis

Question 94.
NPV method relates with
(a) Time value of money
(b) Inflated value of money
(c) Present value of money
(d) None of the above
Answer:
(c) Present value of money

Question 95.
All resources are
(a) Money
(b) Export
(c) Production process
(d) Commerce
Answer:
(c) Production process

Question 96.
Required for fixed capital
(a) Money
(b) Finance
(c) Credit
(d) Goodwill
Answer:
(b) Finance

Question 97.
Fixed cost includes
(a) Cost of labor
(b) Cost of power
(c) Coast of factory
(d) Cost of raw materials
Answer:
(c) Coast of factory

Question 98.
Regular working capital is the part of
(a) Permanent working capital
(b) Variable working capital
(c) Net working capital
(d) None of these
Answer:
(a) Permanent working capital

Question 99.
Networking capital means
(a) C. A. – C. L.
(b) C. A. + C. L.
(c) C. L. – C. A.
(d) All the above
Answer:
(a) C. A. – C. L.

Question 100.
Working capital may be classified into
(a) Permanent working capital
(b) Variable working capital
(c) Regular capital
(d) All the above
Answer:
(d) All the above

Question 101.
Long term loan bears
(a) Fixed rate of interest
(b) Zero rate of interest
(c) Flexible rate of interest
(d) All the above
Answer:
(a) Fixed rate of interest

Question 102.
Various public utility undertaking have to invest heavily
(a) Current assets
(b) Fixed assets
(c) Fictitious assets
(d) Factory assets
Answer:
(b) Fixed assets

Question 103.
Commercial paper was implemented in
(a) 1690
(b) 1790
(c) 1890
(d) 1990
Answer:
(d) 1990

Question 104.
NPV method relates with:
(a) inflated value of money
(b) present value of money
(c) time value of money Long term loan bears
(d) none of these
Answer:
(b) present value of money

Question 105.
Long term loan bears
(a) zero rate of interest
(b) flexible rate of interest
(c) fixed rate of interest
(d) None of the above
Answer:
(c) fixed rate of interest

Question 106.
Networking capital
(a) C.A + C.L.
(b) C.A. – C.L.
(c) C.L – C.A.
(d) all of the above
Answer:
(b) C.A. – C.L.

Question 107.
Risk capital foundation established by
(a) UTI
(b) IDBI
(c) IFCI
(d) ICICI
Answer:
(c) IFCI

Question 108.
Labour intensive technique is useful to
(a) back word economics
(b) developing economics
(c) developed countries
(d) none of the above
Answer:
(b) developing economics

Question 109.
Venture Capital available for
(a) technical units
(b) high risks units
(c) institution units
(d) all of the above
Answer:
(d) all of the above

Question 110.
Regular working capital is the part of
(a) Net working capital
(b) Permanent working capital
(c) Variable working capital
(d) None of the above
Answer:
(c) Variable working capital