Sample Question Paper, 2021 Course Name : B.B.A.
Semester : V Session : 2018-2021 Paper No. : 09 (ESB) Paper Code : 501
Entrepreneurship & Small Business
[FULL MARKS : 80. MCQ QUESTIONS 15X2=30 MARKS; SHORT ANSWER TYPE QUESTIONS 4X5=20 MARKS; LONG ANSWER TYPE QUESTIONS 2X15=30 MARKS.]
GROUP-A
Multiple-Choice Questions (MCQ) :
1. How would you Define a ‘Social Entrepreneur’? : A. An Owner-Manager
B. Somebody whose Business does not make Profit
C. Somebody who Creates or Exploits ‘Change through Innovation’.
D. Somebody whose Prime Objectives are Social
2. According to Joseph Schumpeter, what links ‘Entrepreneurs with Economic Growth’? : A. Increased Productivity
B. Increased Competition C. Creative Destruction D. Increased Innovation
3. Amongst the Several Theories of ‘Industrial Evolution’, what does play a Key-Role in linking
‘Entrepreneurship with Economic Growth’? : A. Increases in Competition
B. Increases in Diversity C. Increases in Innovation D. Knowledge Spill-overs 4. What forms can innovation take? :
A. People B. Process C. Market D. Product
5. What factors measure ‘Innovation Intensity’? : A. Market Need
B. Speed C. Frequency D. Scale
6. Which Factors Influence Innovation? : A. Nature of Innovation B. Industry
C. Competition D. Location
7. Which of these Behaviours are you likely to exhibit if you are a ‘Moderate Risk-Taker’? : A. Self-confidence
B. Make Decisions Quickly
C. Ability to act on Incomplete Information D. Ambitious
8. Which are Business Model Imperatives for a High Differentiation Business? : A. Innovation
B. Build the Brand C. Efficiency
D. Build Barriers to Entry
9. Which Statements about Breakeven are Correct? :
A. It is the Point where neither a Profit nor a Loss is made
B. It is the Point where Turnover is equal to Variable plus Fixed Costs C. It is the Point where you Start to Recoup Your Investment
D. It is the Point where Total Contribution is equal to Fixed Costs 10. Which Statements about Business Failure are Correct? :
A. Younger Entrepreneurs are more likely to Fail than Older
B. Entrepreneurs without Management Capability are more likely to Fail than Those With
C. Younger Businesses are more likely to Fail than Older D. Smaller Businesses are more likely to Fail than Larger 11. Which Statements about Leadership are Correct? :
A. Leaders are Born
B. It is Situation/Context Specific C. It is about Emotion
D. It is about Charisma
12. Which Statements about Entrepreneurial Leaders are Correct? : A. They build Visionary Organizations
B. They build Transformational Organizations C. They are Flexible in their Style of Leadership D. They are Virtuous People
13. The Entrepreneur was distinguished from Capital Provider in : A) Middle Ages
B) 17th Century C) 18th Century
D) 19th and 20th Century
14. A person who managed Large Project was termed as the Entrepreneur in the : A) Earliest Period
B) Middle Ages C) 17th Century
D) 19th and 20th Century
15. Which of the following is alternatively called Corporate Venturing? : A) Entrepreneurship
B) Intrapreneurship
C) Act of Starting a New Venture
D) Offering New Products by an Existing Company
16. Information regarding all of the following is related to operations, EXCEPT:
A) Location B) Promotion C) Raw Materials D) Labour Skills
17. A Corporate Manager who Starts a New Initiative for their Company which entails setting up a New Distinct Business Unit and Board of Directors can be regarded as :
(A) Ecopreneur (B) Technopreneur
(C) Intrapreneur (D) Social Entrepreneur 18. Venture Capital is concerned with:
(A) New Project having Potential for Higher Profit (B) New Project of High Technology
(C) New Project having High Risk (D) All the above.
19. Which one of the following Popular Demographic Factors about Entrepreneurs have been studied, EXCEPT:
A) Self-Confidence B) Gender
C) Education
D) Family Birth Order
20. An Entrepreneur who has prior Business Ownership Experience is called a/an : A) Novice
B) Habitual C) Serial
D) Portfolio
21. Which one of the following is NOT recognized as a Misconception about Entrepreneurship? :
A) Successful Entrepreneurship needs only a Great Idea / an Innovative Idea.
B) Entrepreneurship is Easy.
C) Entrepreneurship is found only in Small Businesses.
D) Entrepreneurial Ventures and Small Businesses are different.
22. Why are Small Businesses important to a Country's Economy? : A. They don’t give an Outlet for Entrepreneurs.
B. They can provide Specialist Support to Larger Companies.
C. They cannot be Innovators of New Products.
D. None of the above.
23. The use of Informal Networks by Entrepreneurs to Gather Information is known as : A. Secondary Research.
B. Entrepreneurial Networking.
C. Informal Parameters.
D. Marketing
24. Which of these Statements best describes the Context for Entrepreneurship? : A. Entrepreneurship takes place in Small Businesses.
B. Entrepreneurship takes place in Large Businesses.
C. Entrepreneurship takes place in a Wide Variety of Contexts.
D. Entrepreneurship does not take place in Social Enterprises.
25. Decisions taken by an Entrepreneur on behalf of his Enterprise are known as:
A. Organizational Decisions.
B. Personal Decisions.
C. Routine Decisions.
D. Strategic Decisions
26. Which of the following is NOT one of “the 4 Ms”? : A. Motivation.
B. Management.
C. Materials.
D. Money
27. An Entrepreneur who owns more than One Business at a time is called : A. An Intrapreneur.
B. A Corporate Entrepreneur.
C. A Portfolio Entrepreneur.
D. None of the above.
28. DIC is headed by General Manager in the rank of : A. Joint Director of Industries.
B. Assistant Director of Industries.
C. Non-departmental Officer.
D. Departmental Officer.
29. Which one of the following should an Entrepreneur ensure for the timely completion of all Activities that are involved in setting up his Project / an Enterprise ? :
A. Cost Structure B. Implementation Plan C. Market Structure D. Production Structure
30. Which one of the following does describe the Direction, into which an Enterprise is going, and tell us about its Goals, where the Enterprise aims to reach, and how is it going to reach there ? :
A. Project Report B. Technical Analysis C. Market Analysis D. Financial Analysis.
GROUP-B
1. What is required today is Entrepreneurial Management? Discuss in the Indian Context.
2. Explain, in brief, the Role of Entrepreneurship in Economic Development in a developing Economy, is Highly Significant, in the Context of the Indian Economy.
3. Explain the differences between an Entrepreneur and a Manager. Elucidate your answer.
4. Discuss the Role of Innovation in Entrepreneurial Orientation of an Economy.
5. Explain, in brief, some Entrepreneurial competencies which you believe to be essential aspects within a successful Entrepreneur.
6. Discuss the Role of EDI & NIESBUD in the Promotion of Small Entrepreneurship in India.
7. What is the Definition used by the Government of India for Small Scale Industries? Explain and Elucidate.
8.“Provision of Venture Capital Assistance Encourages Entrepreneurial Orientation in a developing economy like India.” Discuss.
9. How is Financing is influenced by Effective Asset Management? Explain its process.
10. Describe the Various Sources of Consortium Finance.
11.Define ‘Social Entrepreneurship’? Discuss the characteristics and Role of ‘Social Entrepreneurship’.
12.Define Loan Syndication. Discuss its Process.
GROUP-C
1. How do Small Scale Industries Contribute to the Socio – economic Development of India? Discuss.
2. Explain the ‘Role of Entrepreneurship in Economic Development’. What are the Barriers to Entrepreneurship? Discuss.
3. Give the Characteristics of Successful Entrepreneurs along with their Types.
4. What is the ‘Social Responsibility of Entrepreneurs’ ? Explain the ‘Social Responsibility of Entrepreneurs’ in respect of Various Groups.
5. Explain the Different Types of ‘Entrepreneurship Development Programmes’ for Development of Entrepreneurs in India.
6. Discuss the Role of ‘Entrepreneurs Association’ in the Promotion of a Business.
7. Define the phrase ‘Stimulating Creativity’. Which are the various Organizational Actions that either enhance or hinder Activity ? Discuss.
8. What is the Concept of the ‘Traditional Source of Financing’? How Funds are made available for Businesses through Traditional Source of Financing ? Explain & Elaborate.
9. What ‘Remedies for Sickness’ in Small Scale Industries are generally adopted by the Entrepreneurs? Discuss.
