Bihar Board 12th Entrepreneurship Objective Important Questions Part 2 in English

Bihar Board 12th Entrepreneurship Objective Important Questions Part 2 in English

BSEB 12th Entrepreneurship Objective Important Questions Part 2 in English

Question 1.
What is net sales?
(a) Gross sales – Sales return
(b) Sales return – Gross sales
(c) Gross sales – Profit
(d) Gross sales + Profit
Answer:
(a) Gross sales – Sales return

Question 2.
The term fund means fund flow statement
(a) Cash only
(b) Current assets
(c) Current liabilities
(d) Excess of current assets over current liabilities
Answer:
(d) Excess of current assets over current liabilities

Question 3.
Operating ratio = ?
(a) Gross profit – Sales
(b) Profit – Loss
(c) Net sales – Gross profit
(d) Cost + Profit
Answer:
(c) Net sales – Gross profit

Question 4.
An ideal current ratio is
(a) 2 : 1
(b) 1 : 2
(c) 3 : 2
(d) 4 : 1
Answer:
(a) 2 : 1

Question 5.
Current ratio is
(a) Composite ratio
(b) P/L ratio
(c) Balance sheet ratio
(d) None of these
Answer:
(c) Balance sheet ratio

Question 6.
Which of the following is not operating expense?
(a) Advertising expense
(b) Wages
(c) Written of preliminary exp.
(d) Rent
Answer:
(c) Written of preliminary exp.

Question 7.
Purchase of goodwill by issuing debenture is
(a) Application of fund
(b) Sources of fund
(c) No flow of fund
(d) None of these
Answer:
(c) No flow of fund

Question 8.
Contribution
(a) Sales less total cost
(b) sales less variable cost
(c) Sales less fixed cost
(d) None of these
Answer:
(b) sales less variable cost

Question 9.
Increase in share premium is
(a) Sources of fund
(b) Application of fund
(c) No flow of fund
(d) All of these
Answer:
(a) Sources of fund

Question 10.
Utility is included in BEP as
(a) Diagnostic tool
(b) Risk valuation
(c) Profit improvement
(d) All of these
Answer:
(d) All of these

Question 11.
The difference between actual sale and break-even sale is called
(a) Net profit
(b) Gross profit
(c) Contribution
(d) Margin of safety
Answer:
(d) Margin of safety

Question 12.
Risk capital foundation was established in
(a) 1970
(b) 1975
(c) 1986
(d) 1988
Answer:
(b) 1975

Question 13.
Venture capital thought was originated in
(a) India
(b) England
(c) America
(d) Japan
Answer:
(d) Japan

Question 14.
Venture capital was established in SIDBI
(a) 1972 – 73
(b) 1952 – 53
(c) 1992 – 93
(d) 1892 – 93
Answer:
(c) 1992 – 93

Question 15.
Risk capital foundation was established by
(a) IFCI
(b) UTI
(c) IDBI
(d) ICICI
Answer:
(a) IFCI

Question 16.
Venture capital contains
(a) High risk
(b) Venture risk
(c) No risk
(d) None of these
Answer:
(a) High risk

Question 17.
According to guidelines issued by government, debt equity ratio for venture capital is
(a) 1.5
(b) 2.0
(c) 0.5
(d) 2.5
Answer:
(a) 1.5

Question 18.
Indian investment fund was established by
(a) IFCI
(b) SBI
(c) Can Bank
(d) Grindlay Bank
Answer:
(d) Grindlay Bank

Question 19.
Variables are used for technical capability
(a) 2
(b) 3
(c) 4
(d) 5
Answer:
(c) 4

Question 20.
Labour intensive technique is appropriate because it relate with
(a) Unstable nature
(b) Movable nature
(c) Constant nature
(d) Advantage in nature
Answer:
(a) Unstable nature

Question 21.
Capital intensive technique is not much useful because it
(a) Helps labour power
(b) Exploit customers
(c) Improves balanced regional developments
(d) Control capitalised resources
Answer:
(b) Exploit customers

Question 22.
Capital intensive technique is favoured due to
(a) Rapid growth
(b) Social influence
(c) (a) & (b) both
(d) None of these
Answer:
(d) None of these

Question 23.
Management is
(a) Art
(b) Science
(c) Art & Science both
(d) None of these
Answer:
(c) Art & Science both

Question 24.
The social responsibility of management is
(a) Towards the government
(b) Towards all
(c) Towards employees
(d) Towards himself
Answer:
(b) Towards all

Question 25.
Management is a profession. This statement is of
(a) Fayol
(b) Terry
(c) Robins
(d) American Management Association
Answer:
(d) American Management Association

Question 26.
Management is the development of men and not the direction of things
(a) Lawrence A. Appley
(b) R. C. Devis
(c) Keith and Gubelline
(d) Henry Fayol
Answer:
(a) Lawrence A. Appley

Question 27.
H. Fayol started the function of management
(a) 1912
(b) 1816
(c) 1916
(d) 1926
Answer:
(a) 1912

Question 28.
Function of management is
(a) 2
(b) 3
(c) 4
(d) 5
Answer:
(d) 5

Question 29.
Motivation includes
(a) Directing
(b) Controlling
(c) Staffing
(d) Planning
Answer:
(a) Directing

Question 30.
According to American Management Association, Management is a
(a) Science
(b) Profession
(c) Art
(d) Employment
Answer:
(b) Profession

Question 31.
Steps of product are
(a) Extractive
(b) Genetic
(c) Communication
(d) Extractive and Genetic
Answer:
(d) Extractive and Genetic

Question 32.
Production design includes
(a) Standardisation
(b) Planning
(c) Cost
(d) Control
Answer:
(a) Standardisation

Question 33.
Infact, present production system is
(a) Direct production
(b) Primary
(c) Secondary
(d) Indirect production
Answer:
(d) Indirect production

Question 34.
Use of linear programming
(a) In production method
(b) In market method
(c) In transportation method
(d) All of these
Answer:
(c) In transportation method

Question 35.
Production process includes
(a) Creativity
(b) Price
(c) Warehousing
(d) All of these
Answer:
(a) Creativity

Question 36.
The purpose of advertisement is
(a) To attract potential buyers
(b) To inform and guide customers
(c) To make publicity of product
(d) All of these
Answer:
(d) All of these

Question 37.
Brand indicates
(a) Symbol
(b) Design
(c) Name
(d) All of these
Answer:
(d) All of these

Question 38.
What does affect product mix?
(a) Marketing
(b) Product
(c) Financial
(d) All of these
Answer:
(a) Marketing

Question 39.
Which is the most important scope?
(a) Brand
(b) Labelling
(c) Packaging
(d) Trade mark
Answer:
(c) Packaging

Question 40.
Labelling is
(a) Compulsory
(b) Necessary
(c) Voluntary
(d) Wastage of money
Answer:
(b) Necessary

Question 41.
The characteristics of a good brand are
(a) Short name
(b) Memorable
(c) Attractive
(d) All these
Answer:
(d) All these

Question 42.
Importance of marketing concept is for
(a) Society
(b) Consumers
(c) Producers
(d) All the three
Answer:
(d) All the three

Question 43.
Marketing concept is
(a) Production oriented
(b) Sales oriented
(c) Customer oriented
(d) All the three
Answer:
(d) All the three

Question 44.
The advantage of marketing is to
(a) To consumers
(b) To businessmen
(c) To producer
(d) To all
Answer:
(d) To all

Question 45.
For business, marketing is
(a) Compulsory
(b) Necessary
(c) Unnecessary
(d) Luxury
Answer:
(a) Compulsory

Question 46.
Marketing expenditure is a burden
(a) On industry
(b) On businessmen
(c) On consumers
(d) All of these
Answer:
(c) On consumers

Question 47.
Money spent on marketing is
(a) Wastage
(b) Unnecessary expenses
(c) Burden on customer
(d) Investment
Answer:
(d) Investment

Question 48.
The rate of dividend on preference share is
(a) Fixed
(b) Variable
(c) Semi variable
(d) All of these
Answer:
(a) Fixed

Question 49.
SFC Act in India was passed in the year
(a) 1948
(b) 1949
(c) 1950
(d) 1951
Answer:
(b) 1949

Question 50.
IFCI was established in the year
(a) 1939
(b) 1948
(c) 1950
(d) 1956
Answer:
(b) 1948

Question 51.
IDBI was established in the year
(a) 1944
(b) 1954
(c) 1964
(d) 1974
Answer:
(c) 1964

Question 52.
Dividend is
(a) Net profit
(b) Reserve fund
(c) Appropriation of profit
(d) Loss rate
Answer:
(c) Appropriation of profit

Question 53.
Public deposits are the source of
(a) Short term finance
(b) Long term finance
(c) Medium term finance
(d) Social investigator
Answer:
(c) Medium term finance

Question 54.
When is divided given upon cumulative preference share?
(a) In the year of profit
(b) In the year of loss
(c) In the year of profit or loss
(d) None of these
Answer:
(c) In the year of profit or loss

Question 55.
Telephone expenseis
(a) Fixed
(b) Variable
(c) Semi-variable
(d) None of these
Answer:
(c) Semi-variable

Question 56.
The best example of variable cost is
(a) Interest on capital
(b) Rent
(c) Material cost
(d) Wealth tax
Answer:
(c) Material cost

Question 57.
Fixed cost per unit increase when
(a) Production decreases
(b) Production increases
(c) Production remains same
(d) All of the above
Answer:
(a) Production decreases

Question 58.
Which of the following is not factory overhead?
(a) Factory insurance
(b) Depreciation on plant
(c) Drawing office salary
(d) Salary
Answer:
(d) Salary

Question 59.
Which of the following example of fixed cost?
(a) Direct material cost
(b) Chargeable expense
(c) Salary of office management
(d) Direct labour cost
Answer:
(d) Direct labour cost

Question 60.
Price policy is
(a) In favour of consumer
(b) In favour of government
(c) In favour of manufacturer
(d) In favour of all
Answer:
(d) In favour of all

Question 61.
Merger means
(a) Taking over one organisation by another organisation
(b) Combination of two or more business
(c) Acquiring controlling interest in organisation
(d) None of the above
Answer:
(b) Combination of two or more business

Question 62.
Generally diversification is classified in
(a) Two ways
(b) Three ways
(c) Four ways
(d) Five ways
Answer:
(c) Four ways

Question 63.
Conglomeration is a technique to
(a) Develop in the same industry
(b) Diversify in other areas
(c) Taking over other units
(d) Divide the organisation in subunits
Answer:
(b) Diversify in other areas

Question 64.
Modernisation is necessary
(a) To increase export
(b) To received self depend
(c) Increase employment
(d) All of the above
Answer:
(d) All of the above

Question 65.
Main functions of financial management are
(a) Procurement of funds
(b) Utilisation of funds
(c) Allocation of net profits
(d) None of these
Answer:
(d) None of these

Question 66.
Source of trade credit is
(a) Long-term finance
(b) Medium-term finance
(c) Short-term finance
(d) None of these
Answer:
(a) Long-term finance

Question 67.
Fixed capital needed for …………. period.
(a) For short period
(b) For long period
(c) For both
(d) None of these
Answer:
(a) For short period

Question 68.
Bank overdraft facilities are available on
(a) Saving Bank A/c
(b) Current A/c
(c) Term Deposit A/c
(d) All of these
Answer:
(b) Current A/c

Question 69.
Financial management is
(a) Art
(b) Science
(c) Both
(d) None of these
Answer:
(c) Both

Question 70.
Dividentis
(a) net profit
(b) appropralation of profit
(c) reserve fund
(d) past undistributed profit
Answer:
(b) appropralation of profit

Question 71.
The first step to translate ideas into actions is business
(a) Planning
(b) Finance
(c) Organisation
(d) Location
Answer:
(a) Planning

Question 72.
The rate of dividend on preference shares of
(a) Variable
(b) Fixed
(c) Semi-variable
(d) none of these
Answer:
(b) Fixed

Question 73.
Debentures are
(a) unsecured borrowings
(b) fully secured borrowings
(c) Pastly secured borrowings
(d) all of the above
Answer:
(a) unsecured borrowings

Question 74.
The purpose of advertising is
(a) to attract potential buyers
(b) to inform and guide customer
(c) to make publicity of product
(d) all of the above
Answer:
(d) all of the above

Question 75.
According to guidelines issued by government debt equity ration for venture capital fund is
(a) 1.5
(b) 2.0
(c) 0.5
(d) 2.5
Answer:
(a) 1.5

Question 76.
Management is a profession. This statement is of
(a) Lawrance A. Appley
(b) R.C. Davis
(c) Henry Fayol
(d) None of these
Answer:
(b) R.C. Davis

Question 77.
Marketing concept is
(a) Production-oriented
(b) Sales-oriented
(c) Customer-oriented
(d) All of these
Answer:
(d) All of these

Question 78.
Brand indicates
(a) Symbol
(b) Design
(c) Name
(d) All of these
Answer:
(d) All of these

Question 79.
Under franchising
(a) Control on the product remains in the hands of franchise
(b) Control on the product goes in the hands of franchise
(c) Above (a) and (b)
(d) None of the above
Answer:
(a) Control on the product remains in the hands of franchise

Question 80.
Lack of standardisation of the equipment is due to
(a) Internal constraints
(b) External constraints
(c) Government Barriers
(d) Regulatory Barriers
Answer:
(b) External constraints

Question 81.
Project life cycle is not concerned with the following
(a) Pre-investment stage
(b) Constructive stage
(c) Normalisation stage
(d) Stabilistion stage
Answer:
(d) Stabilistion stage

Question 82.
Modernisation improves
(a) Products
(b) Production
(c) Processes
(d) Capacity
Answer:
(d) Capacity

Question 83.
Gestation period is concerned with
(a) Idea creation period
(b) Incubation period
(c) Implementation period
(d) Commercialisation period
Answer:
(c) Implementation period

Question 84.
What is required for fixed capital and working-capital of any enterprise?
(a) Finance
(b) Marketing
(c) Planning
(d) None of the above
Answer:
(a) Finance

Question 85.
The term “fund” as used in fund flow analysis means
(a) Cash only
(b) Current Assets
(c) Current liabilities
(d) Excess of current assets over current liabilities
Answer:
(d) Excess of current assets over current liabilities

Question 86.
What affects purchase of plant will have on working capital?
(a) Decrease
(b) Increase
(c) No effect
(d) None of the above
Answer:
(a) Decrease

Question 87.
Closing stock is
(a) No flow of fund
(b) Sources of fund
(c) Application of fund
(d) None of these
Answer:
(b) Sources of fund

Question 88.
Increase in fixed assets due to cash purchase
(a) Sources of fund
(b) Application of fund
(c) Inflow of fund
(d) Not come of fund
Answer:
(b) Application of fund

Question 89.
Risk Capital Foundation was established in
(a) 1970
(b) 1975
(c) 1986
(d) 1988
Answer:
(b) 1975

Question 90.
Technological Development and Infrastructure Corporation of India was established in the year
(a) 1975
(b) 1986
(c) 1988
(d) 1990
Answer:
(c) 1988

Question 91.
What is management?
(a) Science
(b) Art
(c) Art and Science both
(d) None of these
Answer:
(c) Art and Science both

Question 92.
The foremost need of development in a country is of
(a) Physical Resources
(b) Economic Resources
(c) Efficient management
(d) None of these
Answer:
(c) Efficient management

Question 93.
Present production system in fact is
(a) Direct production
(b) Indirect production
(c) Primary
(d) Secondary
Answer:
(b) Indirect production

Question 94.
Out of the following which is the method of quality control?
(a) Inspection method
(b) Statistical quality central method
(c) Both “a” and “b” above
(d) None of these
Answer:
(c) Both “a” and “b” above

Question 95.
Out of the following which is the method of production?
(a) Direct method of production
(b) Indirect method of Production
(c) Both “a” and “b” above
(d) None of the above
Answer:
(c) Both “a” and “b” above

Question 96.
Marketing Expenditure is a burden
(a) On Industry
(b) On businessmen
(c) On consumers
(d) All of these
Answer:
(c) On consumers

Question 97.
The characteristics of a good brand are
(a) Short name
(b) Memorable
(c) Attractive
(d) All of these
Answer:
(d) All of these

Question 98.
Maximum wide scope is of
(a) Brand
(b) Labelling
(c) Packaging
(d) Trade mark
Answer:
(c) Packaging

Question 99.
Brand indicates
(a) Symbol
(b) Design
(c) Name
(d) All of these
Answer:
(d) All of these

Question 100.
Current liabilities is
(a) Prepaid expenses
(b) Creditors
(c) Cash Balance
(d) Investment
Answer:
(b) Creditors

Question 101.
Non-current liabilities is
(a) Share
(b) Capital
(c) Debenture
(d) All of these
Answer:
(d) All of these

Question 102.
Depreciation is in operation fund
(a) added
(b) lessen
(c) not included
(d) (a) & (b)
Answer:
(a) added

Question 103.
How does purchase of plant affect working capital
(a) Increase
(b) Decrease
(c) Change
(d) Fund flow
Answer:
(b) Decrease

Question 104.
Which knowledge is necessary before preparation of fund flow statement?
(a) Of balance sheet
(b) Meaning of fund
(c) Meaning of flow
(d) All of these
Answer:
(d) All of these