Entrepreneurship Development MCQ || Entrepreneurship Development Questions and Answers Part 1

31. Offering a single-window clearance facility is the most fascinating feature of ______

  1. KSIDC
  2. KITCO
  3. DIC
  4. KINFRA

Answer.3. DIC

Explanation:

District Industries Centers (DICS)s came into existence in the year 1978.

The realization of the need to make the district a focal point of industrial planning and development crystallized in the establishment of DICs.

The DICs are considered as an institutional innovation to assist small-scale industrial units at three important stages viz., pre-investment, investment, and post-investment stages.

They are also considered as a single-window of clearance for industrial units.

 

32. KINFRA was setup in _______

  1. 2000
  2. 1993
  3. 1996
  4. 1999

Answer.2. 1993

Explanation:

Kerala Industrial Infrastructure Development Corporation (KINFRA) is a government agency. KINFRA was Estalblished in 1993.

Kerala Industrial Infrastructure Development Corporation, KINFRA aims at bringing together all the suitable resources available in the state and developing infrastructure to woo the industrial growth of the state.

 

33. Techno crafts assistance is provided by

  1. KFC
  2. KSIDC
  3. KITCO
  4. KINFRA

Answer.1. KFC

Explanation:

There are generally five distinct quality paradigms (ways of thinking about quality and doing quality activities), namely: custom-craft, mass production and sorting, statistical quality control, total quality management (TQM), and techno-craft

 

34. ________ is a National level apex organization of young entrepreneurs

  1. NAYE
  2. TCO
  3. SIDO
  4. NSIC

Answer.1. NAYE

Explanation:

National Alliance of Young Entrepreneurs (Naye) is a national-level apex organization of young entrepreneurs. It assists in promoting new enterprises through first-generation entrepreneurs. NAYE sponsored an Entrepreneur Development Scheme with the Bank of India in August 1972 on a pilot basis.

 

35.  _______ provides consultancy services to small and medium enterprises at reasonable cost.

  1. NAYE
  2. TCO
  3. SIDO
  4. NSIC

Answer.2. TCO

Explanation:

Technical Consultancy  Organisation (TCOs) have been designed to provide under a single roof, a total package of consultancy services to small and medium scale industries at reasonable rates.

TCOs render consultancy services to individual entrepreneurs, Government departments and agencies, various state-level developmental/ financial institutions, commercial banks, and other institutions in their tasks relating to industrial development and financing.

 

36. _______ is an area where applied research on high-tech projects is conducted.

  1. STEEP
  2. SWOT
  3. EPST
  4. none of these

Answer.1. STEEP

Explanation:

The STEEP analysis, also called PESTE analysis, is a strategy of external environmental analysis for companies.

STEEP analysis refers to Political, Economical, Social, and Technological factors which influence the business environment.

The STEEP analysis is an area where applied research on high-tech projects is conducted.

 

37. Which of these is not a state-level promotional institution?

  1. KITCO
  2. KSIDC
  3. Niesbud
  4. sidco

Answer.3. Niesbud

Explanation:

National Institute of Entrepreneurship and Small Business Development (NIESBUD).

The National Institute for Entrepreneurship and Small Business Development is a premier organization of the Ministry of Skill Development and Entrepreneurship, engaged in training, consultancy, research, etc.

 

38. The Head Office of KINFRA is located at

  1. Thiruvananthapuram
  2. Kozhikode
  3. Ernakulum
  4. Kannur

Answer.1. Thiruvananthapuram

Explanation:

Kerala Industrial Infrastructure Development Corporation (KINFRA) is a government agency. KINFRA was Estalblished in 1993. The head office of KINFRA is located in Thiruvananthapuram, the state capital of Kerala.

Kerala Industrial Infrastructure Development Corporation, KINFRA aims at bringing together all the suitable resources available in the state and developing infrastructure to woo the industrial growth of the state.

 

39. ______ refers to any investment opportunity which is to be exploited for profit

  1. product
  2. project
  3. share
  4. none of these

Answer.2. project

Explanation:

A Project simply means an investment opportunity exploited for profit. It is an idea or plan which is intended to be carried out or a finite task to be completed.

  • A project is undertaken to achieve a purpose. The following are the characteristics of a project.
  • A project involves an investment of money and money’s worth.
  • The objective of a project is to earn profit.
  • It is concerned with the production of goods and services.
  • Every project has risk and uncertainty associated with it.
  • It has a fixed set of objectives.
  • It is subjected to a lot of change.
  • It has a definite beginning and an end.
  • It has a life cycle reflected by growth, maturity, and decay

 

40. ________ the process of collection, compilation and analysis of economic data for the purpose of finding out possible opportunities for investment

  1. project screening
  2. project appraisal
  3. project identification
  4. none

Answer.3. project identification

Explanation:

Project identification is concerned with the collection of data, compilation, and analysis of economic data for the eventual purpose of locating possible opportunities for investment and development.

So project identification is finding out business opportunities that are feasible and promising.

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