Employability skills Entrepreneurship ITI MCQ Objective questions and answers for Final exams Preparation. All Question Collected From Bhara...
Employability skills Entrepreneurship ITI MCQ Objective questions and answers for Final exams Preparation. All Question Collected From Bharat Skills Question Bank and NIMI APP Quiz/Mock Test.
Employability skills Entrepreneurship ITI MCQ
1. A person who is associated with the starting of business is called…………….
A) merchant
B) entrepreneur
C) businessman
D) sales executive
Ans : B
2. As compared to small scale business, large scale business
require..............………
A) less no. of persons
B) less
no. of capital
C) more no. of person
D) small
machines and tools
Ans : C
3. Entrepreneurship is also termed as…..
A) investor
B) employer
C) self employment
D) employment seeker
Ans : C
4. For medium manufacturing enterprises, the investment in plant
and machinery is between….
A) 10 Lakhs to 2 Crores
B) 25
Lakhs to 5 Crores
C) 2 Crores to 5 Crores
D) 5
Crores to 10 Crores
Ans : D
5. In “SWOT” analysis, “S” stands for...............
A) Success
B) Strength
C) Survey
D) Service
Ans : B
6. In an economic growth, role of entrepreneur is
to..............
A) generate unemployment
B) stagnate
standard of living
C) improve per capita income
D) unbalance
the regional development
Ans : C
7. In SWOT analysis which pair is helpful?
A) Strengths, Weakness
B) Strengths, Opportunities
C) Threats, Weakness
D) Threats,
Opportunities
Ans : B
8. Money invested in purchasing of raw materials, payment of
wages and salaries, rental, electricity etc comes under………..
A) working capital
B) fixed
capital
C) long term capital
D) capital
income
Ans : A
9. MSME stands for…………..
A) Micro, Scale and Medium Enterprises
B) Macro, Small and Medium Enterprises
C) Micro, Small and Medium Enterprises
D) Minor, Small and Medium
Enterprises
Ans : C
10. Paid form of ideas, goods and services are
called.............
A) publicity
B) goodwill
C) public relation
D) advertisement
Ans : D
11. The enterprises engaged in the production of goods is
known as………
A) manufacturing enterprise
B) service
enterprises
C) micro enterprises
D) macro enterprises
Ans : A
12. The expansion of GDP is…………….
A) Gross Domestic Product
B) Godown
Demand Product
C) Grand Demand Product
D) Giant Domestic Product
Ans : A
13. The expansion of SIDO is…………
A) Small Industries Development Organization
B) Small Income Development
Organization
C) Small Investment Development Organization
D) Standard Industry
Development Organization
Ans : A
14. What approach is used to gain access to
foreign markets and quickly promote an organizations interest?
A) Licensing
B) Collaboration
C) Joint venture
D) Technology transfer
Ans : C
15. Which investment is considered for deciding the status of
manufacturing enterprises?
A) Working capital
B) Building and land
C) Plant and machinery
D)
Salary of employees
Ans : C
16. Which one is a correct channel through which marketers
can reach customers?
A) Manufacture -> Retailer -> Wholesaler ->
Customer
B) Manufacturer -> Customer -> Retailer
C) Manufacturer -> Retailer -> Customer
D) Manufacturer -> Retailer -> Customer ->
Wholesaler
Ans : C
17. Which one is a web based accounting software designed for
modern business?
A) MS Access
B) BUSY
C) TALLY
D) WINGS
Ans : C
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