Tec exam questions and answers 2022 Assessment answer key PDF Download in English, Hindi for final live paper preparation. Telecentre Entrep...
Tec exam questions and answers 2022 Assessment answer key PDF Download in English, Hindi for final live paper preparation. Telecentre Entrepreneur Course (TEC/CCE)
TEC Exam Questions and Answers
Some useful points
· TEC Course By ISB CSC Academy
· CSC centre also called (Digital Centre)
· Telecentre entrepreneur exist in almost every country, in India it is known as Common Services Centre (CSC).
· Data is the new petrol (Mukesh Ambani).
· Key characteristics of successful Businesses (Concept, Capability, Culture)
· Key Characteristics of successful Entrepreneurs (5Cs)
· Courage, Character, Conviction, Compassion, Communication
· CSC Punchline : Power to Empower
· Debits are entered on the left-hand side and credits on the right-hand side.
Debit or credit?
• Rule of thumb on how to determine if something is a debit or credit:
• Personal accounts: Debit the receiver and credit the giver.
• Real accounts: Debit what comes in and credit what goes out.
• Nominal accounts: Debit all losses and expenses and credit all profits and incomes.
Some important Full
forms
- Certificate Course in Entrepreneurship (CCE)
- Village Level Entrepreneurs (VLE)
- Information & Communication Technology (ICT)
- State Wide Area Network (SWAN)
- Public Private Partnership (PPP)
- Service Centre Agency (SCA)
- State Designated Agency (SDA)
- India Habitat Centre (IHC)
- BATNA: “Best Alternative To A Negotiated Agreement”
- cost of goods sold (COGS)
- P&L statement (Profit & Loss)
- EMI (Equated Monthly Installment)
- plant, property and equipment (PPE)
- Selling, general and administrative (SG&A) expenses
- Earnings before interest, taxes, depreciation and amortization (EBITDA)
- Earnings before interest, taxes (EBIT)
- Profit before tax (PBT)
- Non-Banking Financial Company; NBFC in short (examples: Bajaj Finance Ltd, L&T Finance Holdings, HDFC Ltd)
Note: In Assessment 9 Question conduct in every test.
FAQ’s of final online proctored exam.
a. Total number of questions in the final exam: 50 questions.
b. Type of questions: Multiple Choice.
c. Pass percentage: 50%
d. Timings for final online exams: 10:00 am to 05:00 pm (Monday to Saturday)
e. Minimum system requirements for online and remote proctored exam
f. Windows 10 OS with Ram 4 GB
g. Web cam integrated or external
h. Internet connectivity with 1 Mbps speed
i. Sitting Room with minimum disturbance and Good light quality.
j. There is no back button in CSC Academy’s assessments quiz
Please call on 1800 3000 3468 for any queries related to Telecentre Entrepreneur Courses (TEC)
My TEC Assessment Score |
Assessments Questions for Practice final Exam to become a CSC VLE Operator.
Set 1 Entrepreneurship
1. Which of these is an example of entrepreneurship?
a) Starting up a business based
on an old ides, existing business module, and less risk.
b) Teaching in an IIT/MBBS
coaching institute.
c) Starting up a business based
on a new app/software, with high risk.
d) None of the above
Ans. a
2. An Entrepreneur is a person
who takes less risk, avoid experimentation.
a) True
b) False
Ans. b
3. An entrepreneur is one who is involved in a FEW of these activities –
managing, organizing, innovating, assuming risks, etc.
a) True
b) False
Ans. a
4. Entrepreneurship is an opportunity to create walth
a) True
b) False
Ans. a
5. 92% of the startups are
successful within the first 3 years of starting?
a) True
b) False
Ans. B
6. All People who start up a
business based on a new idea are always successful.
a) True
b) False
Ans. B
7. An entrepreneur does the
following activities – managing, organizing and makes all the decisions by
himself.
a) True
b) False
Ans. A
8. A successful entrepreneur can
become rich very fast.
a) True
b) False
Ans. A
9. Which of these is an example
of entrepreneurship?
a) Starting up a new type of
restaurant in a city.
b) Working in a call center/BPO
c) Teaching mathematics in a
coaching center.
d) Managing and completing tasks
given by the boss in a company.
Ans. A
Set 2 Entrepreneurship and Entrepreneurial Character
1. Entrepreneurs should not be greedy to grow big, as this needs patience
as well.
a) True
b) False
Ans. a
2. Entrepreneurs need membership in
physical communities where ideas can be shared and shaped.
a) True
b) False
Ans. A
3. Entrepreneurs need to have
_____ to be successful.
a) Patience
b) Patient
c) Money
d) Luck
Ans. A
4. Entrepreneuring framed as intentional iteration creates.
a) A mindset that is prepared
b) Expects multiple challenges
c) Both are correct
d) None are correct
Ans. A
5. How to inspire and create
entrepreneurial leaders with the organization?
a) Develop entrepreneurial
ecosystem inside organizations to promote entrepreneurial activity as a
mainstream, strategic activity
b) Promote employees often
c) Both are correct
d) None of them are correct
Ans. C
6. Organizations are not
entrepreneurial but people are entrepreneurial.
a) True
b) False
Ans. A
7. Building a business takes ____
time than it takes to generate the idea for the business.
a) Shorter
b) Same
c) Longer
d) Cannot say
Ans. C
8. _____ is the specific tool of
entrepreneurship.
a) Creation
b) Renovation
c) Innovation
d) Experimentation
Ans. d
9. Entrepreneurship involves organizing managing and assuming the risks
pertaining to your enterprise etc. And an entrepreneur is one who is involved
in all of these.
a) True
b) False
Ans. a
Set 3 Identifying
Business Opportunities
1. Upfront capital and R&D requirement costs should be high while
evaluating whether an idea is an opportunity or not.
a) True
b) False
Ans. b
2. Cash flows simply put is the
difference between the cash that flows in and that flows out
a) True
b) False
Ans. A
3. As an Electrician observed
that grocery stores in his area are running successfully and wanted to open
too. He opened one but was not able to make any profits, Why?
a) The electrician did not have
any technical knowledge about how to run a grocery store.
b) The electrician did not
realize that they were already there successful grocery in his area and there
was no need for another one in his area.
d) Both are correct
d) Neither is correct
Ans. a
4. Why do we need to evaluate an
Idea?
a) To know whether customers will
buy the end product of an idea
b) To know whether the
entrepreneur will make profits out of an idea
c) To know whether the entrepreneur
can make a valuable product out of an idea.
d) All of the above
Ans. d
5. Successful entrepreneurship
requires the ability to balance technical knowledge and market knowledge.
a) True
b) False
Ans. a
6. How to identify whether an
idea is a opportunity or not?
a) An idea needs to be valuable
b) An idea needs to fulfill the
need of a customer
c) Both are correct
d) Neither is correct
Ans. c
7. The venture/business should be
of high strategic value to a potential acquirer.
a) True
b) False
Ans. a
8. The market should be large and
growing while evaluating whether an idea is an opportunity or not.
a) True
b) False
Ans. a
9. An idea is defined as the
content of cognition.
a) True
b) False
Ans. a
Set 4 Understanding
Cost Structures
1. Direct vs indirect costs are based their association with different cost
objects.
a) True
b) False
Ans. a
2. _____ cost include salaries, bonuses, insurance, pension benefits,
earned leave paid to the individuals involved.
a) Surplus
b) Direct Material Cost
c) Direct Labour Cost
d) Unexpired costs
Ans. a
3. Cost allocation is a method
through which a business allocates or distributes an indirect cost across
various cost objects.
a) true
b) False
Ans. a
4. _____ is the monetary value of
resources, like material, labour and overheads, used in the making of a product
or delivery of a service.
a) Inputs
b) Receivables
c) Inventors
d) Cost
Ans. d
5. Retail companies like Reliance
Fresh, D-mart, Big Bazaar have _____ to a ____ degree of conversion.
a) Low to medium
b) Medium to High
c) Low to High
d) High to Medium
Ans. b
6. Costs that vary with the
output levels are called variable costs
a) Product cost
b) Direct Material
c) Variable Cost
d) Fixed Cost
Ans. c
7. Costs that do not vary in the
short term, regardless of changes in output levels, are called _____ costs.
a) Direct cost
b) Indirect cost
c) Fixed cost
d) Expired cost
Ans. c
8. _____ costs are those that
have been completely consumed or the benefits from which have been received by
the business.
a) Expired costs
b) Unexpired costs
c) Direct costs
d) Indirect costs
Ans. a
9. _____ the key determinants of
the cost of goods sold (COGS), which appear on the P&L statement.
a) Indirect Cost
b) Fixed Cost
c) Expired Cost
d) Product Cost
Ans. d
SET 5 Long Term Orientation
1. Entrepreneurs are always looking for new ways of doing things and how
they can make them better. Which trait is being discussed here?
a) Optimistic Nature
b) Consistency
c) Creativity
d) Commitment
Ans. c
2. What are the characteristics or traits of a successful entrepreneur?
Select the best option.
a) Risk – Taker
b) Goal – Oriented
c) Thriven on uncertainty
d) All of the above
Ans. d
3. ___ ___ is the ability to evaluate, assimilate and exploit knowledge.
a) Additive Capacity
b) Assimilative Capacity
c) Absorptive Capacity
d) Attractive capacity
Ans. b
4. Why is it important to have prior knowledge or related expertise to
become a successful entrepreneur?
a) Prior knowledge contributes to expectation formation
b) Helps to make decisions like whether to invest in the idea of not.
c) Prior knowledge does not help much, it is not required to become a
successful entrepreneur.
d) Both A and B
Ans. d
5. Absorptive Capacity comes from
prior, related knowledge to be able to make sense of, recognize the value of,
and use new information.
a) True
b) False
Ans. a
6. A successful tailor wanted to try
something new. So, he opened a street food restaurant in his area. But his
restaurant did not run properly and eventually he had to close it down. Why?
Please select the best option.
a) He was not a risk taker
b) He was not a goal-oriented
c) He did not have prior
knowledge how to run a restaurant.
d) None of these
Ans. c
7. Entrepreneurs effectively sell
their product or service to clients and customers. Which trait is being
discussed here?
a) Optimistic Nature
b) Goal Oriented
c) Communication
d) Creativity
Ans. c
8. What is not a
characteristics/trait of a successful entrepreneur?
a) Good communication skills
b) To have strong technical
knowledge
c) Quits halfway when the
situation become difficult
d) Solve a problem with a unique
and creative solution
Ans. c
9. A knowledgeable cook opened a
south-Indian Restaurant in Chennai. But the business was not running smoothly
and later of he had to close it.
a) He did not have technical
knowledge
b) They were too many competitors
and he was not creative in the menu to attract customers
c) Both A and B
d) Neither is correct
Ans. b
SET 6 Recording Business Transactions
1. What are three financial sheets that used to record and report a
business?
a) Balance sheet, General Journal, Profit and Loss Statement
b) Balance sheet, Statement of Cash Flow, Ledger Account
c) Statement of Cash Flow, General Journal, Ledger Account
d)Statement of cash flow, Balance sheet, Profit, and loss statement
Ans. a
2. Geeta has a grocery shop; the customers have already paid Rs 5,000 to
her. Geete decide to pay her supplier Rs.2000 at the end of the week. According
Basis calculate her profit?
a) 0
b) 3000
c) 300
d) 5000
Ans. b
3. Balance sheet is a record of all of a Business revenues and costs over a
certain period of time, typically, every quarter or every year.
a) True
b) False
Ans. a
4. _____ is a record of all of
the business’ existing assets, liabilities and equity.
a) Profit and loss statement
b) Statement of cash flow
c) Balance Sheet
d) General Journal
Ans. c
5. Equity and liabilities come
first in a balance sheet, followed by assets.
a) True
b) False
Ans. a
6. Select the correct equation
a) Total assets = Total
liabilities + Equity
b) Total Liabilities = Total
Assets + Equity
c) Total Equity = Total Assets +
Total libalities
d) Total Equity = Total
Liabilities + Total Assets
Ans. a
7. Transactions are entered into
the general journal in chronological order.
a) True
b) False
Ans. a
8. Accountants worldwide use the
triple-entry system to record transaction.
a) true
b) false
Ans. a
9. A business cannot survive for
long without ______.
a) Manpower
b) Cash
c) Infrastructure
d) None
Ans. b
Set 7 Basic
Financial Terms
1. Identify a non-example of
accounting?
a) How much value in rupees of
goods or services has the business sold
b) List of investments in land,
facilities, buildings, etc. the business made
c) Costs the business incurred
d) List and details of favourite
customers
Ans. d
2. What are the key inputs of
business?
a) Labour
b) Land
c) Capital
d) All of these
Ans. d
3. What is the output of the
business?
a) Goods
b) Services
c) Both of the above
d) neither is correct
Ans. c
4. _______ is about planning for
the uncertain future and deciding what kind of investments should the business
make.
a) Finance
b) Governance
c) Maintenance
d) Dominance
Ans. b
5. What is a corporation?
a) A separate legal entity with a
large number of owners.
b) A separate illegal entity with
a large number of owners
c) Multiple owner or
partners, some of whom are also usually
responsible for the day-to-day running of the business.
d) All of the above
Ans. c
6. What is the primary objective
of a business?
a) Make money for investors by
providing goods or services
b) Make money for retailers by
providing goods for services
c) Make money for customers by
providing goods by services
d) Make money for employers by
providing goods or services
Ans. a
7. What are the different forms
of business?
a) Sole proprietorship,
Friendship, Corporations
b) Sole proprietorship,
Partnership, Corporations
c) Sole Proprietorship,
Partnership, Commenmoration
d) Sole presendtship,
partnership, commemoration
Ans. b
8. _____ has multiple owners or
pertners, some of whom are also usually responsible for the day-to-day running of the business.
a) Friendship
b) Presidentship
c) Partnership
d) Corporations
Ans. d
9. What is Sole proprietorship?
a) A single owner who is also
usually responsible for the day-to-day running of the business
b) A single employee who is also
usually responsible for the day-to-day running of the business
c) A single retailer is also
usually responsible for the day-to-day running of the business
d) A single partner who is also
usually responsible for the day-to-day running of the business
Ans. a
SET 8 Accounting
and Business Reporting
1. Any income or profit not paid out to shareholders
is called ______
a) Retained earnings
b) Revenues
c) Debuntures
d) Surplus
Ans. a
2. Both Assets and liabilities
are classified as current and non-current.
a) True
b) False
Ans. a
3. Balance sheet divided into 2
parts
a) Assests & Liabilities
b) Equity & Liabilities
c) Equity & Assests
d) None of them are correct
Ans. b
4. Non-current assets include
_______, which typically last for more than one year.
a) Plant, property and
establishment
b) Plant, property and equipment
c) Penchant, property, equipment
d) Plant, Property, experiment
Ans. b
5. _____ is also called income
statement.
a) Statement of cash flows
b) Profit and Loss Statement
c) Balance Sheet
d) General Journal
Ans. b
6. What are the common types of
current assets?
a) Cash, Inventories,
Deliverables, Long-term loans, and advances.
b) Tangible assets, intangible
assets, Non-current investments
c) Cash, Inventories, intangible
assets, Non-current investments
d) Cash, Inventories,
Receivables, Short-term loans and advances
Ans. d
7. _____ sheet represents the financial position of a
business as of a particular date, typically at the end of a quarter or final year.
a) Statement of cash flows
b) Profit & Loss (P&L)
statement
c) Balance sheet
d) Ledger Sheet
Ans. c
8. ______ are those assets that
are expected to be sold or converted to cash or consumed within one year.
a) Current Assets
b) Current Liabilities
c) Non-current Assets
d) Non-current Liabilities
Ans. a
9. ______ is the value of raw
materials held, work-in process and finished good held by the business.
a) Surplus
b) Revenues
c) Debuntures
d) Surplus
Ans. a
SET 9 Marketing Education _Handling Questions & Concerns
1. How to become a trusted
adviser?
a) Understand the concerns of the
customer
b) Peddle/promote the product
c) Both are correct
d) Neither is correct
Ans. c
2. Why should we identify
customer needs?
a) The motive driving the
customer to purchase an item is the need for it.
b) Ensures customer satisfaction
and loyalty
c) Both are correct
d) Neither is correct
Ans. c
3. Active listening is one of the
client reactions to a typical sales pitch.
a) True
b) False
Ans. a
4. Listening for enjoyment is
called is _____
a) Appreciative listening
b) Articulative listening
c) inspirational listening
d) Empathetic listening
Ans. a
5. Service promise is the
assurance given to the customer about in time delivery of assured ______ and
______ of product.
a) Integrity and Certainty
b) Sincerity and Speciality
c) Quantity and Quality
d) Variety and Guaranty
Ans. c
6. A trusted adviser promotes a
product aggressively to the customer
a) True
b) False
ans. b
7. The innovation of products
based on customer needs is of value for the business.
a) True
b) False
Ans. a
8. Delivering what customer wants
is one of the constituents of a service promise.
a) True
b) False
Ans. a
9. Select the correct structures
of a good sales pitch?
a) Hook and objective
b) Rook and objective
c) Rook and Subjective
d) Nook and Subjective
Ans. a
SET 10 Marketing
Education Value
1. Why is a customer purchasing
from a particular store?
a) Because the customer values
the AC you provide inside the shop.
b) Because the customer values
the product or service the shop provides
c) Because the customer values
the friendship with the shop’s owner.
d) All of the above
Ans. b
2. Select the correct statement.
a) Value is customer defined
b) Value is consultant defined
c) Value is salesman defined
d) Value is businessman defined
Ans. a
3. Where does the value reside?
a) In the salesman’s mind
b) At the POC of the store
c) In the customer’s mind
d) In the store’s owner mind
Ans. c
4. Value can be defined in terms
of _______ perspective as well as based on ______.
a) customer, cost
b) Newcomer, Price
c) Customer, Price
d) Newcomer, Cost
Ans. a
5. What is the advantage of
adopting a value perspective?
a) Clear differentiation
b) Helping the customer
understand how and how much they benefit
c) Ability to justify pricing or
even price at a premium
d) All of the above
Ans. d
6. According to the framework for
Entrepreneurs, select the best statement below.
a) Value Creation > Value
Delivery > Value Capture
b) Value Capture > Value
Creation > Value Delivery
c) Value Creation > Value
capture > Value Delivery
d) Value Delivery > Value
Creation > Value Capture
Ans. a
7. Select the correct statement
a) Value depends on the features
or services provided by the store
b) Value depends on the features
or services sold by the salesman.
c) Value depends on the features
or services discounted by the store’s owner.
d) Value depends on the features
or services consumed by the customer.
Ans. d
8. _______ everyone competes on
price as no one is exploring how they are able to differently adding value to
customer.
a) Digitization
b) Commoditization
c) Privitization
d) Capitalization
Ans. b
9. Value is what the shop/store
provide to the customer. (Like services of a shop or features of a product)
a) True
b) False
Ans. a
CSC TEC Exam Questions in Hindi PDF