Role of Entrepreneur in Economic Growth

Q.

Explain any five points of importance of management

Q.

People in the organisations carry out diverse tasks with the aim to achieve _______.

Q.

How does Management benefit society?

Q.

Which of the following is not a feature of functional structure?

1. It promotes functional specialisation.

2. Managerial development is difficult.

3. It is easy to fix responsibility for performance.

4. It is an economical structure to maintain.

Q.

Which of the following is not a demerit of functional structure?

1. It may lead to a conflict of interests among departments due to varied interests.

2. It may lead to difficulty in coordination among functionally differentiated departments.

3. It leads to occupational specialisation.

4. It places more emphasis on the objectives pursued by a functional head than on overall enterprise objectives.

Q. How is industrialisation beneficial to rural and backward areas?

1. Removes regional disparities
2. Induces regional disparities
3. Increases wealth for the rich
4. Decreases income for the poor

Q. What do banks do with the amount deposited by the depositors?

1. Keep the money in the bank until the depositors withdraw
2. Pay salaries to their staff
3. Loan the money on interest
4. Spend the money on social causes

Q. How do banks support entrepreneurs?

1. Give interest in return for deposits
2. Provide deposits as loans
3. Use deposits as savings
4. Give deposits as service fee

Q.

Why is process important in the marketing mix?

Q. Sort the order of managerial activites of an entrepreneur.

1. Planning
2. Organising
3. Directing
4. Coordinating

Q. Entrepreneurs provide good quality goods at low prices, which increases the .

1. standard of living
2. cost of living
3. price of living
4. need of living

Q. Select the correct option.

Assertion (A): Entrepreneurs who aspire to enter the industrial sector avail loans from IDBI.

Reason (R): IDBI offers loans at a reduced interest.

1. Both A and R are true.
2. Both A and R are false.
3. A is true, but R is false.
4. A is false, but R is true.

Q. How do entrepreneurs utilise the population of a country?

1. By providing free products
2. By ensuring food security
3. By providing employment
4. By enforcing law and order

Q. Entrepreneurs make use of the resources that are idle and convert them into something productive.

1. True
2. False

Q. Which of these are resources that are utilised by entrepreneurs for economic development?

1. Bank loans
2. Electronic waste
3. Population
4. Old books

Q. How do your deposits help entrepreneurs in other cities?

1. As income for entrepreneurs
2. As giveaways for entrepreneurs
3. As loans for entrepreneurs
4. As donations for entrepreneurs

Q. What happens when a country produces enough goods to satisfy the needs of its citizens?

1. Import trade increases
2. Export trade decreases
3. Export trade increases
4. No change in import and export

Q. Entrepreneurs promote _________ by mobilising the savings depostied by the country's citizens.

1. interest formation
2. capital formation
3. social equality
4. economic equality

Q. Which of the following abilities is an entrepreneur expected to have to conduct business activities efficiently?

1. Drawing skills
2. Writing skills
3. Managerial skills
4. Communication skills