SADHANA DEGREE COLLEGE

Uttarahalli-Kengeri Main Road, Bangalore

VI SEM BCA PREPARATORY EXAM OCTOBER
Sub: Enterpreneurship and Innovation Time: 2 hr Max
Marks: 70

1.What is ‘Loan Origination System’ in the MUDRA Yojana?

a. It is system to take loans for paying previous loans and debts.
b. It is for finding the right lender for the borrower’s needs
c. It is for monitoring loans which are given out
d. None of the above

2) The MUDRA Bank will initially come under

a. NABARD b. SIDBI c. HUDCO d. CIDCO

3) Union Cabinet has provided the approval for the creation of CGFMU. What does it stand for?
a. Credit Guarantee fund for MIDRA b. Credit Guarantee fund for MADRA
c. Credit Guarantee Fund for MUDRA d. None of the above

4) Which of the following is not a schemes offered by MUDRA bank?

a. Shishu b. Nari c. Kishor d. Tarun

5) Consider the following statements

1. MUDRA Bank will work under Small Industries Development Bank of India (SIDBI).
2. MUDRA Bank has been started with an initial corpus of Rs. 20,000 crore.
Which of the above statements is/are correct?
a. Only 1 b. Only 2 c. Both d. None

6) Name the Bank that was launched by PM Narendra Modi on 8th Apr’15 with a corpus of Rs.
20,000 Crore and credit guarantee corpus of Rs. 3,000 Crore?
a. Awasiya Bank b. Jand Dhan Bank c. Federal Bank of India d. MUDRA Bank

6) Which programme / programmes is / are envisaged to make India a manufacturing hub of the
world?
1. Skill India 2. Make in India 3. Made in India
a. Only 2 b. Only 3 c. 1 and 2 d. 1 and 3

7) Pradhan Mantri Rozgar Protsahan Yojana has recently achieved the milestone of one crore
beneficiaries. The scheme was launched in which year ?
A. 2015 B. 2015 C. 2016 D. 2017

8) Where did the PM Modi inaugurated the L&T’s howitzer gun-manufacturing unit ?
A. Nagpur B. Surat C. Amravati D. Cuttack

9)Which company has launched a new e-commerce platform (reweave.in) for handloom weavers in
India ?
A. Reliance B. Microsoft C. Wipro D. Tata

10) In terms of chronological age most entrepreneurs initiate their entrepreneurial carrier between
ages of
A.15 and 22 B.22 and 45 C.45 and 57 D.57 and 63

11) Which of the following method entrepreneur can use to do international business with least
risk?
A.Turnkey projects B.Joint venture C.Merger D.Synergy

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

13) Which one of the following gives suggestions for new product and also help to market new
products?
a) Existing products and services b) Federal government
c) Distribution Channels d) Consumers

14)Which of the following is used by entrepreneurs to acquire experience in an international

market before making a major commitment?
a) Merger b) Minority Interest c) Joint venture d) Majority interest

15) 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

16) Family business always interested to handover the change of his business to:
(a) Indian Administration Officers (b) Professional Managers
(c) Next generation (d) None of the above

17) What is the process by which individuals pursue opportunities without regard to resources
they currently control?
a) Startup management b) Entrepreneurship c) Financial analysis d) Feasibility planning
18) Having more than 50% ownership position that provides the entrepreneur with managerial
control is called:
a) Joint venture
b) Majority interest
c) Horizontal merger
c) Diversified activity merger

19) The entrepreneur was distinguished from capital provider in:

a) Middle ages b) 18th century c) 17th century d)19th and 20th century

20) 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) None of the given options d) Creative destruction

21) Which of the following factors is the most important in forcing U.S companies to focus on
new product development and increased productivity?
a) Entrepreneurship b) Hyper competition c) Governmental laws d) Organizational culture

22) Which of the following is alternatively called corporate venturing?

a) Entrepreneurship b) Intrapreneurship c) Act of stating a new venture
d) Offering new products by an existing company

23) Individuals influencing an entrepreneur’s career choice and style are known as which of the
following?
a) Moral-support network b) Role model
c) Professional support network d) Support system

24) The level at which an individual is viewed by society is called:

a) Financial status b) Qualification c) Social status d) Achievement

25)Which one of the following is an important source of idea generation due to their familiarity
with the needs of market?
a) Existing products and services b) Distribution channels
c) Federal government d) Consumers

26) Members of distribution channels are excellent sources for new ideas because:
a) They earn a handsome profit from new business
b) They are familiar with the needs of the market
c) They do not bother if entrepreneur bears a loss
d) They have well-developed sales force

27) Which one of the following is the most important characteristic of a successful business
website?
a) Innovation b) Speed c) Graphics d) Products
28) Which one of the following is the next stage to the Concept Stage of Product Planning and
Development Process?
a) Idea Stage b) Product Planning Stage c) Product Development Stage d) Test Marketing Stage

29) SBA stands for:

a) Small business accountants b) Small business administration
c) Small business adequacy d) Small business advisors

30)Why should an entrepreneur do a feasibility study for starting a new venture

a) To identify possible sources of funds b) To see if there are possible barriers to success
c) To estimate the expected sales d) To explore potential customers

31)Information regarding all of the following is related to operations, EXCEPT:

a) Location b) Promotion c) Raw materials d) Labor skills

32) For which of the following copy right acquisition is desirable?

a) Songs b)Poems c) Models d)All of the given options

33) Which of the following is TRUE for Disclosure Document?

a) It gives recognition that he was the inventor of the idea in past
b) It gives recognition that he is the first the inventor of the idea
c) It gives recognition that he will be the invent an idea in future
d) It gives recognition that he wants to copy the idea

34) Which of the following factor has allowed small companies to act like they are big ones?
a)Technology b) Customers c)Economic development d) Competition
35) 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

36) Mind mapping refers to :

a) An action plan for an adventure b) A technique to enhance comprehension
c) Drawing the picture of mind d) Studying the functions of mind

37).Which of the following statements about brainstorming is NOT correct?

a. No criticism is allowed in brainstorming.

b. Brainstorming is often used for creative problem solving.
c. Brainstorming is an open game without rules or guidelines.
d. All participants in brainstorming should be given a chance to contribute to the process

38. Which of the following is a limitation to brainstorming?

a. People are more willing to talk because they are part of a group.
b. Free riders work harder in a group.
c. Only a few people can contribute.
d. Only one person can speak at a time.

39.Which technique is NOT a tool or form of group decision making?

a. Brainwriting b. NGT c. Groupware d. Brainstorming

40. Trademark can be used as domain name

(a) Yes (b) No (c) Yes in some cases (d) None of the above

41. Certification mark can be registered in

(a) Trademark Registry (b) Certification Board (c ) Quality Control Board (d)
MHRD

42. Hall Mark is

(a) Trademark (b) Certification Mark (c ) Collective Mark (d) Both (a) and (b)

43. Khadi is
(a) Trademark (b) Certification Mark (c ) Collective Mark (d) Both (a) and (b)

44. Which of the following is an „intellectual property‟ as per IPR Laws in

India.
(a). Original literary work; (b). Industrial Design of Maruti800 car;
(c). Trademark of Tata company (d). All the above

45. In your view, who can be the right holder of IPR?

(a). Owner of the intellectual property.
(b). The successor in title of the owner of intellectual property.
(c). A licensee duly authorized by the owner of the intellectual property.
(d). All the above
46. A company wishes to ensure that no one else can use their logo.
(a). Copy rights (b). Trade mark (c). Patent (d). Industrial designs

47.A singer wishes to assign the rights to reproduce a video she has made of
her concert.
(a). Copy rights (b). Trade mark (c). Patent (a). Industrial designsd

48. A new way to process milk so that there is no fat in any cheese made from it.
(a). Copy rights (b). Trade mark (c). Patent (d). Industrial designs

49.A company has decided to invest in outer shape design of bottle in which they would fill the
perfume produced by them, and which is distinctive, and they wish to ensure that they have sole
use.
(a). Copy rights (b). Trade mark (c). Patent (d). Industrial designs

50.A company decides to use a logo that has the same shape as its competitor but with a different
color
(a). Copy rights (b). Trade mark (c). Patent
(d). Industrial designs (e). Geographical indications

51 .Which of the following is not an intellectual property law?

(a). Copyright Act, 1957 (b). Trademark Act, 1999 (c). Patent Act, 1970 (d). Customs Act, 1962

52.Copyright law applies to forms of expression contained in,-

(a). Song lyrics and musical compositions (b). Sculptures and paintings
(c). Dramatic and literary works (d). All of the above

53.A trademark is represented by several key characteristics. Which of the following is one of
them?
(a). A trademark identifies a product's origin (b). Slogans are not covered under trademark law
(c). Trademarks are never an indicator of quality (d). Trademarks are "shorthand" for retailers

54.Which of the following statements is true?

(a). Trademark registrations can be renewed for an unlimited number of tenyear periods
(b). Trademark law is intended to protect the owner‟s original work
(c). To qualify for federal protection, a mark must be distinctive and have a "secondary meaning."
(d). Surnames alone can be trademarked

55.Trademark law protects………

(a). Words, symbols or devices that differentiate goods or services from one another.
(b). Only brand names (c). Names of specific people and places
(d). Inventions that feature some sort of utility function

56.Which of the following principles is applicable to trademarks?

(a). A trademark should be distinctive
(b). A trademark should be capabale of distinguishing goods or services
(c). A trademark should not cause confusion with previous trademarks
(d). A trademark should not be deceptive

57.The term of copyright for an author lasts how long?

(a). The life of the author (b). The life of the author plus 70 yrs (c). 95 yrs (d).75 yrs

58.The rights provided by copyrights are

(a). Reproduction of the work in various forms (b). Public performance
(c). Broadcasting by radio or cable (d). All of the above

59.Why an invention should be patented?

(a). It gives protection to a patentable invention. (b). It gives legal recognition to the invention.
(c). It makes others aware of the fact as to whom does the invention belong
(d). Patenting one‟s invention make useful data relating to the invention available to other
inventions for further research and development.

Out of four reasons given above, please identify the correct reasons:-
(a). (ii) and (iii) (b). (ii), (iii) and (iv) (c). None of the above (d). All of the above

60. The rights of a patentee are

(a). Sell or distribute (b). License (c). Assign the property to others (d). All of the above

61. In your view, who can be the right holder of IPR?

(a). Owner of the intellectual property.
(b). The successor in title of the owner of intellectual property.
(c). A licensee duly authorized by the owner of the intellectual property.
(d). All the above

62. Innovation is defined as:

a) the commercialization of a new product or process.b) the invention of a new product or process.
c) a new product or process idea. d) the implementation of a new production method.

63.Process innovation refers to:

a) the development of a new service. b) the development of a new product.
c) the implementation of a new or improved production method.
d) the development of new products or services.

64.Innovation can help to provide a temporary competitive advantage when:

a) barriers to entry are high.
b) barriers to imitation are low and intellectual property rights are difficult to enforce.
c) there are few other competitors. d) barriers to entry are low.

65.Following establishment of a dominant design in the product life cycle, what would you expect
to happen?
a) Emphasis on product innovation rather than process innovation.
b) Emphasis on process innovation rather than product innovation.
c) Competition to increase as new firms enter the industry.
d) Competition to decrease as more firms exit than enter the industry.

66.Established firms relative to new firms are better at:

a) all types of innovation. b) innovation which is competence-enhancing.
c) innovation which is competence-destroying. d) Innovation which is disruptive.
67.Outsourcing of innovation globally is more likely where:
a) Innovations are autonomous b) Innovations are systemic
c) Innovations are systemic or autonomous d) Innovations are made by service sector firm

68.A ______ is a specialized firm that finances young, start-up companies.

a) venture capital firm b) finance company
c) small business finance company d) capital-creation company

69) venture capital firms are usually organized as

a) closed-end mutual funds b) limited partnerships c) corporations d) nonprofit businesses

70) Which of the following is not a characteristic feature of venture capital firms
a) funding just one or a small number of firms. b) holding equity in the firms that are funded.
C)allowing a long-term investment horizon. d)Providing advice and assistance to the firms