Importance of an Entrepreneur

Q.

What are the three elements of the Service Portfolio?

1. Chartered, Operational, Retired

2. Service Pipeline, Service Catalogue, Retired Services

3. Service Knowledge Mgmt System, Service Portfolio, Service Lifecycle

4. Service Portfolio, Business Service Catalogue, Technical Services Catalogue

Q.

What Are the 4 Main Functions of Business?

Q. conducts entrepreneurship promotion and development programmes.

1. IDBI
2. NABARD
3. MSME
4. SBI

Q. Which of the following is/are the main functions of an entrepreneur?

1. Establishing new business ventures
2. Introducing new methods into practice
3. Participating in investment plans
4. Bearing risks and uncertainties

Q. Choose the correct option.

Assertion (A): NABARD supports entrepreneurs through loans and subsidies.

Reason (R): Entrepreneurs use these loans to start business ventures in the industrial sector.

1. Both A and R are true, and R is the correct explanation of A.
2. A is true, but R is false.
3. Both A and R are true, but R is not the correct explanation of A.
4. A is false, but R is true.

Q. When entrepreneurs take up production activities, they contribute to the increase in the _______________.

1. Gross Domestic Product
2. Gross Production Product
3. Gross Demand
4. Gross Supply

Q. If the government aspires for economic growth of the country, then it should invest in .

1. sports
2. small businesses
3. movies
4. large hospitals

Q. Identify the area in which entrepreneurs contribute the least.

1. Utilisation of idle resources
2. Generation of employment
3. Increasing the income of the people
4. Increasing the national literacy rate

Q. Which of the following do entrepreneurs do and utilise idly lying resources to make profits?

1. Increase literacy
2. Capital wastage
3. Increase wages
4. Capital formation

Q. Entrepreneurs initiate and stimulate dynamic activities for the economic progress of the nation.

1. True
2. False

Q. Which of the following are the effects of entrepreneurs' participation in capital formation?

1. Creation of employment opportunities
2. Increase in national income
3. Decrease in Gross Domestic Product
4. Creation of unemployment

Q. Which of the following workers are self-employed?

1. Tea shopkeeper
2. Scrap dealer
3. Police woman
4. Cyber cafe owner

Q. MSMEs conduct programmes to encourage the to take up entrprenuership.

1. youth
2. elderly
3. child labourers
4. rural women

Q. ______________ regularly organises development programs to encourage the youth in industrial and business activities.

1. Ministry of External Affairs
2. Ministry of Micro, Small, and Medium Enterprises
3. Micro and Small-scale Enterprises
4. Ministry of Industrial Development

Q. MSME stands for:

1. Macro, Small, and Medium Enterprises
2. Micro, Small, and Medium Enterprises
3. Multinational, Small, and Micro Enterprises
4. Multiple, Small, and Macro Enterprises

Q. Freelancers are categorised as _________ personnel.

1. wage-employed
2. salaried
3. self-employed
4. unemployed