Small Business and Entrepreneurship Quiz-2

Small Business and Entrepreneurship Quiz-2

Quiz

 

1. When was the Start-up India Scheme launched?
   1.   2012
   2.   2013
   3.   2014
   4.   2015
2. Government schemes such as _____ aim to promote small-scale industries in rural and backward areas by providing financial assistance and capacity building support.
   1.   Pradhan Mantri Mudra Yojana
   2.   Make in India campaign
   3.   Swachh Bharat Abhiyan
   4.   Digital India program
3. The National Small Industries Corporation (NSIC) is a government agency established to:
   1.   Promote small-scale industries in rural areas
   2.   Provide financial support to large-scale industries
   3.   Regulate foreign direct investment in India
   4.   Develop infrastructure for urban areas
4. Small businesses in rural areas help in reducing rural-urban migration by:
   1.   Providing better job opportunities in rural areas
   2.   Encouraging people to move to urban areas for better prospects
   3.   Offering flexible working arrangements
   4.   None of the above
5. The Start-up India Scheme was launched by which entity?
   1.   Ministry of Finance
   2.   Ministry of Commerce and Industry
   3.   Ministry of Home Affairs
   4.   Ministry of External Affairs
6. Patents protect:
   1.   Literary and artistic works
   2.   Inventions and new technologies
   3.   Brand names and logos
   4.   Trade secrets and confidential information
7. Bootstrapping in the context of start-ups refers to:
   1.   Utilizing personal savings to finance the business
   2.   Obtaining funds from angel investors
   3.   Issuing IPOs to raise capital
   4.   Applying for bank loans
8. Under the Start-up India Scheme, start-ups can avail benefits such as:
   1.   Tax exemption for the first five years
   2.   Easy exit options
   3.   Access to funding through a dedicated fund of funds
   4.   All of the above
9. Which of the following is not a type of Intellectual Property Rights (IPR)?
   1.   Copyright
   2.   Patent
   3.   Trademark
   4.   Royalty
10. Which of the following is a way to fund a start-up?
    1.   Bootstrapping
    2.   Venture capital funding
    3.   Crowdfunding
    4.   All of the above
11. Entrepreneurship Development (ED) refers to:
    1.   The process of starting a new business
    2.   The process of fostering and enhancing entrepreneurial skills and knowledge
    3.   The process of marketing new products or services
    4.   The process of expanding an existing business
12. Which of the following is a characteristic of entrepreneurship?
    1.   Risk aversion
    2.   Lack of innovation
    3.   Proactive and opportunity-driven behavior
    4.   Dependency on external resources
13. The need for Entrepreneurship Development arises due to:
    1.   High unemployment rates
    2.   Declining economic growth
    3.   echnological advancements
    4.   All of the above
14. The MSMED Act 2006 defines micro, small, and medium enterprises based on:
    1.   Investment in plant and machinery
    2.   Number of employees
    3.   Annual turnover
    4.   All of the above
15. Small businesses in rural areas contribute to the overall development of the region by:
    1.   Generating income and improving the standard of living
    2.   Promoting local entrepreneurship and self-reliance
    3.   Fostering socio-economic growth
    4.   All of the above
16. Small businesses play a significant role in India's economy by contributing to:
    1.   Rural development
    2.   Urban development
    3.   Foreign investments
    4.   Large-scale industries
17. Which of the following statements about the Start-up India Scheme is true?
    1.   It provides guaranteed financial support to all start-ups.
    2.   It is applicable only to technology-based start-ups.
    3.   It encourages entrepreneurship among women and marginalized communities.
    4.   It is limited to specific industries and sectors.
18. The Start-up India Scheme aims to:
    1.   Promote small-scale industries
    2.   Provide tax benefits to established businesses
    3.   Foster entrepreneurship and innovation in India
    4.   Facilitate international trade agreements
19. District Industrial Centre (DIC) is an institution established by the government at the district level to:
    1.   Promote large-scale industries in urban areas
    2.   Facilitate export-oriented industries
    3.   Encourage and support small-scale industries
    4.   Regulate labor laws in industrial zones
20. The main objective of the Start-up India Scheme is to:
    1.   Promote entrepreneurship and innovation in the country
    2.   Attract foreign direct investment
    3.   Boost the manufacturing sector
    4.   Provide financial assistance to existing businesses