Entrepreneurship Deveolpment MCQs Multpile Choice Sample Questions Past Papers Practice Tes

Entrepreneurship Deveolpment MCQs Multpile Choice Sample Questions Past Papers Practice Tes

1. Entrepreneurship is a ___________
a. Process b. Product
c. Place d. Person

2. Which of the following shows the process of creating something new?
a. Business model b. Modeling
c. Innovation d. Creative flexibility

3. Which one of the following is the process of entrepreneurs developing new products
that over time make current products obsolete?
a. New business model b. Anatomization
c. Creative Destruction d. None of these

4. An actor and a person who managed large project were termed as the entrepreneur in
the_________.
a. Earliest period b. Middle ages
c. 17th centuryd. 19th & 20th century

5. An entrepreneur doing business within the national border is called:
a. International entrepreneurship b. Intrapreneurship
c. Domestic entrepreneurship d. Imports

6. Which of the following is not one of the three areas in which the importance of
entrepreneurship can be shown?
a. Innovation b. Number of start ups
c. Job creation & employment d. bureaucracy

7. The creation of new firms is important because these new firms contribute to
economic development through benefits that include all of the following except:
a. Product-process innovation b. Unemployment
c. Increased tax revenues d. Social betterment
8. Entrepreneurship in India was earlier based on –
a. Age b. Colour
c. Community d. None of these

9. In the pre-independence period India had a very strong ______________.
a. Steel industry b. Electronics industry
c. Handicrafts industry d. Paper industry

10. The Risk Bearing theory of Entrepreneurship was given by-a. Richard Cantillon b. Joseph Schumpeter
c. J.B.Say d. Clarence Danhof

11. The Innovations theory was proposed by-a. J.B.Say b. Knight
c. F.W.Taylor d. Joseph Schumpeter

12. Economy is the effect for which entrepreneurship is the cause.
a. True b. False

13. The Status Withdrawal theory was given by –
a. Hagen b. Henry Fayol
c. David McClelland d. J.B.Say

Business Industrial Economics Multiple Choice type Questions Practice Test

Business Industrial Economics Multiple Choice type Questions Practice Test

1. Economics is derived from the Greek word oikonomius which means
a) Business Management
b) Business Economics
c) House Management
d) Wealth.
2. Who is called as father of Economics?
a) Adam Smith
b) Robinson
c) Marshall
d) George Bernard
3. Who expressed the view that Economics is neutral between ends…
a) Robbins
b) Marshall
c) Pigou
d) Adam smith
4. Economics is the science of wealth who gave this definition?
a) J.K.Mehta
b) Marshall
c) Robbin
d) Adam smith
5. Paul A. Samuelson has defined economics as_____________
a) Science of Wealth
b) Science of Material well-being
c) Science of dynamic growth and development
d) None of these
6. Which of the following is related with controlling economic problems?
a) What to produce
b) How to produce
c) For whom to produce
d) All of the above.
7. Positive science concern with economics analysis
a) Cause relationship
b) Effect relationship
c) Cause and effect relationship
d) None of these
8. The existence of both public and private sector enterprises constitutes
a) Capitalist economy
b) Mixed economy
c) Socialist economy
d) None of the above
9. Capitalism refers to
a) The use of markets
b) Government ownership of capital goods
c) Private ownership of capital goods
d) Private ownership of homes & cars
10. An enquiry into the nature and causes of wealth of nations is the book of
economist….
a) Samuelson
b) Adam smith
c) Robbins
d) Marshall
11. Economics is what economics do. It has not been supported by___________
a) Marshall
b) Richard Jones
c) Comte
d) Gunnar Myrdal
12. Peoples wants are
a) More
b) Limited
c) Unlimited
d) None of these
13. The subject matter of economics is ______
a) To ensure economic progress of the people
b) To run business
c) To satisfy unlimited wants with limited means
d) To mobilize resources and to use them
14. Under command economy, activities are guided by________
a) The automatic price system
b) Government planning
c) The freedom of consumers
d) Competition
15. Who has given scarcity definition of economics?
a) Adam smith
b) Alfred Marshall
c) Robinsons
d) Robertson

Financial Accounting Multiple Choice type Questions Practice Paper Test

Financial Accounting Multiple Choice type Questions Practice Paper Test

1. What is book keeping
a) processing
b) recording
c) analysing
d) interpreting
2. Which one is current assets?
a) land
b) furniture
c) cash
d) investment
3. Bank account is
a) personal
b) real
c) nominal
d) none of these above
4. Accounting rules contain
a) 3
b) 4
c) 5
d) 2
5. Journalise this transaction, purchase return from ram
a) purchase return to ram
b) ram to purchase return
c) purchase to ram
d) both (a)and(b)
6. Drawings account is related to:
a) nominal account
b) personal account
c) real account
d) company drawings account
7. Which of the following is related to nominal account?
a) bank account
b) commission account
c) furniture account
d) interest received account
8. Goodwill account is related to:
a) nominal account
b) personal account
c) real account
d) tangible account
9. Prepaid insurance is:
a) nominal account
b) personal account
c) real account
d) prepaid account
10. According to the going concern concept, a business entity is assumed to have:
a) a long life
b) a very short life
c) an indefinite life
d) a medium life
11. The gross profit is transferred to…………account.
a) trading
b) profit and loss
c) capital
d) current
12 .Wages paid for installation of machinery should be debited to………))account)
a) machinery
b) wages
c) trading
d) profit and loss
13. All indirect expenses are debited to …………account
a) trading
b) capital
c) profit and loss
d) current
14. A statement showing financial position of the business is called as…………
a) balance sheet
b) trial balance
c) capital
d) trading a/c
15. To find out net profit or net loss of the business…………account is preferred
a) trading
b) capital
c) current
d) profit and loss