SRM VALLIAMMAI ENGINEERING COLLEGE

SRM Nagar, Kattankulathur – 603 203

DEPARTMENT OF MANAGEMENT STUDIES

QUESTION BANK

III SEMESTER

BA5014 – ENTREPRENEURSHIP DEVELOPMENT

Regulation – 2017

Academic Year 2019 - 2020

Prepared by

Ms. A.UmaDevi – Asst. Professor

 SRM VALLIAMMAI ENGINEERING COLLEGE
SRM Nagar, Kattankulathur – 603 203.

DEPARTMENT OFMANAGEMENT STUDIES

QUESTION BANK

SUBJECT : BA5014 – ENTREPRENEURSHIP DEVELOPMENT

SEM / YEAR : III Semester / II Year
UNIT – I – ENTREPRENEURAL COMPETENCE
Entrepreneurship concept – Entrepreneurship as a Career – Entrepreneurial Personality -
Characteristics of Successful, Entrepreneur – Knowledge and Skills of Entrepreneur
PART- A
S.NO QUESTIONS BT LEVEL COMPETENCE
1 Who is an Entrepreneur? Level 1 Remembering

2 Briefly explain the term Intrapreneur Level 2 Understanding

Identify the differences between Entrepreneur &
3 Level 3 Applying
Entrepreneurship
Do you think that Entrepreneurs need to be
4 Level 4 Analysing
aware of their self- competency?
What conclusions can you draw about the drone
5 Level 5 Evaluating
Entrepreneur?
6 Give your opinion about Fabian Entrepreneur. Level 6 Creating
7 What is Entrepreneurial personality? Level 1 Remembering
Compare the role of the Manager with that of the
8 Level 2 Understanding
Entrepreneur.
9 Identify the barriers to Entrepreneurship. Level 3 Applying
10 Examine the term Competency. Level 4 Analysing
Academic Technical Knowledge is a must for the
11 Level 5 Evaluating
Entrepreneur. Justify.
12 Briefly explain the term social Entrepreneurship. Level 6 Creating

13 Recall the functions performed by the Entrepreneur. Level 1 Remembering

What facts show that Entrepreneurs have a
14 Level 2 Understanding
role in Economic Development?
Making use of theory, define that leadership quality is
15 Level 3 Applying
required for an Entrepreneur.
16 Examine the skills required for an Entrepreneur. Level 4 Analysing
17 Define Entrepreneurship. Level 1 Remembering
What can you say about idea generation function of the
18 Level 2 Understanding
Entrepreneur?
List out the skills required to become an
19 Level 1 Remembering
Entrepreneur.
20 List any four positive aspects of Entrepreneurial career. Level 1 Remembering
 PART- B
BT
S.NO QUESTIONS COMPETENCE
LEVEL
How would you explain the characteristics of successful
1 entrepreneurs with any two examples from South Indian food Level 1 Remembering
industry?
i) Summarize the factors favoring entrepreneurship as a career
option.(8 Marks)
2 ii) How would you compare Entrepreneur, Manager and Level 2 Understanding
Intrapreneur.(5 Marks)

3 Identify the skills required by the Entrepreneur to run his Level 3 Applying
business successfully.
i) Examine the statement “ Certain command of business
4 Knowledge is a must for an Entrepreneur”(8 marks) Level 4 Analysing
ii) Discuss about different types of Entrepreneurs(5 marks)
5 Explain how one can make a career by entrepreneurship. Level 5 Evaluating
(i). An Entrepreneur should be able to perform all that is
necessary for establishment and expansion of the enterprise
6. .Justify(8 marks) Level 6 Creating
(ii). An Entrepreneur performs commercial
functions also. Justify(5marks)
(i). What barriers inhibit the growth of Entrepreneurship in a society?
(7 Marks)
7 (ii). What are the promotional functions that all entrepreneurs Level 1 Remembering
perform? (6 Marks)

8 Explain state government policies to promote entrepreneurship. Level 2 Understanding

(i). Identify the competencies required for Entrepreneurs
9 (8 Marks) Level 3 Applying
(ii). Using what you have learned, classify the entrepreneurs based
on technology(5 Marks)
10 Analyze the main roles performed by the Entrepreneur. Level 4 Analysing

11 What are the different stages in the Entrepreneurial process? Level 1 Remembering
Explain with the help of a schematic diagram
(i). Explain Schumpeter’s theory of innovation(7marks)
12 (ii). Explain how social entrepreneurs benefits society and Level 2 Understanding
humanity.(6 marks)

13 Discuss the Common Myths associated with Entrepreneur. Level 4 Analysing

(i). Match the Entrepreneur and the self-employed person.
(5 Marks)
14 (ii). Define Personality. Briefly explain the personality types of Level 1 Remembering
entrepreneur with suitable examples and arguments.
(8 Marks)
 PART - C

S.NO QUESTIONS

1 Hall Mark of an Entrepreneurial character is innovation – Discuss.

Reverse migration of labor can be achieved through entrepreneurship – Explain

2

“MAKE IN INDIA” project of our Prime Minister is encouraging the entrepreneurs to expand
3 their businesses, which is reflecting heavily on our GDP”. Comment on the above with suitable
examples from Indian Pharmaceutical Industry.
Why many women now a days prefer to start their own ventures rather
4 than pursuing traditional career paths?

UNIT – II – ENTREPRENEURAL ENVIRONMENT

Business Environment - Role of Family and Society - Entrepreneurship Development Training

and Other Support Organizational Services - Central and State Government Industrial Policies
and Regulations - International Business
PART- A
S.NO QUESTIONS BT LEVEL COMPETENCE
1 Define Business Environment. Level 1 Remembering
Briefly Explain how the technological Environment
2 Level 2 Understanding
induces entrepreneurship development
State the role of family in entrepreneurial
3 Level 3 Applying
development.
4 List the objectives of Entrepreneurial Training programs Level 4 Analysing
Elaborate on support organization services for
5 Level 5 Evaluating
Entrepreneurship Development.
Why is international business so important to an
6 Level 6 Creating
entrepreneur?
What kind of promotion activities are provided by
7 organizations that support Entrepreneurship Level 1 Remembering
development?
Tax holiday is a benefit given to entrepreneurs –
8 Level 2 Understanding
Illustrate.
Identify how Government policy on incentives motivates
9 Level 3 Applying
Entrepreneurs.
10 Examine the subsides provided by the state government. Level 4 Analysing
What are the forces that prevent the entrepreneur to
11 Level 5 Evaluating
engage in International business?
Discuss the benefits associated with incentives and
12 Level 6 Creating
subsidies.
List out the needs for Entrepreneurship Development
13 Level 1 Remembering
Programmes.
 Outline the objectives of the Industrial Policy.
14 Level 2 Understanding
What facts show that the 9th 5 year plan contributed to
15 strengthening the SSIs? Level 3 Applying
Examine how international business supports small
16 Level 4 Analysing
entrepreneurs in India.
What is the role played by any 2 organizations which are
17 Level 1 Remembering
supporting to entrepreneurial development in India?
What approach the entrepreneur would take when
18 Level 2 Understanding
he engages in indirect exporting?
Recall few points that push the entrepreneur to undertake
19 Level 1 Remembering
International Business
20 What are the sources for Idea generation? Level 1 Remembering

PART- B
BT
S.NO QUESTIONS COMPETENCE
LEVEL
(i). How does knowledge of the business environment benefit the
entrepreneur? (8 marks)
1 Level 1 Remembering
(ii).Explain the social and legal environment and their impact on
business(5 marks)
(i).Summarize the advantages and disadvantages of family
business.(5 marks)
2 Level 2 Understanding
(ii).Explain Entrepreneurship Development Programs & its phases.
Support your answers with example. (8 marks)
(i). Identify the need for Entrepreneurship development
(7 marks)
3 (ii). Using what you have learnt explain how development in the Level 3 Applying
international environment impact entrepreneurial business
(6 marks)
4 Discuss Entrepreneurship development training. Level 4 Analysing

5 Discuss the role of family and society in entrepreneurship Level 5 Evaluating

development, especially in a developing economy like India.
Give your opinion about the various schemes offered by
6. Level 6 Creating
government for promoting Entrepreneurship in India
(i).What are incentives provided to entrepreneurial firms by the
government?(6 marks)
7 Level 1 Remembering
(ii).What are the reasons entrepreneurs engage in International
Business? (7 marks)
(i). Subsidy is given by the government to an entrepreneur to cover
the cost – Illustrate (5 marks)
8 (ii). Summarize the contribution of State financial corporation to Level 2 Understanding
the development of Small Scale Enterprises in the country
(8 marks)
9 Identify the institutions that provide financial support to Level 3 Applying
entrepreneurs
10 Explain how central government industrial policies and regulations Level 4 Analysing
enable entrepreneurship.
 (i) .Spell out the importance of International business to the firm.
(6 marks)
11 (ii).How would you describe the procedural steps in designing an Level 1 Remembering
achievement motivation training program with an example.
(7 marks)
Explain any two modes of entry into International business by
12 Level 2 Understanding
entrepreneurial firms.
Can you identify the different main functions of Small
13 Level 4 Analysing
Industries Development Bank of India (SIDBI)?
14 What are the restraining forces that prevent the Level 1 Remembering
Entrepreneur to undertake International Business?

PART - C

S.NO QUESTIONS
Entrepreneurship development program is the process of grooming entrepreneurs – Elucidate
1

2 Family owned businesses are the highest creator of wealth in India – Explain

Examine how government policies and regulations are encouraging the small and
3
medium scale enterprises to develop their businesses.
4 Numerous sources of finance are available for the entrepreneur – Explain

UNIT – III – BUSINESS PLAN PREPARATION

Sources of Product for Business - Prefeasibility Study - Criteria for Selection of Product -
Ownership - Capital - Budgeting Project Profile Preparation - Matching Entrepreneur with the
Project - Feasibility Report Preparation and Evaluation Criteria
PART- A
S.NO QUESTIONS BT LEVEL COMPETENCE
1 List the sources of product for business. Level 1 Remembering
Show how creativity and innovation are related to idea
2 Level 2 Understanding
generation.
How would you use brainstorming technique to generate
3 Level 3 Applying
product idea?
Briefly examine prefeasibility study conducted by
4 Level 4 Analysing
entrepreneurs
5 Briefly discuss the benefits of conducting feasibility study Level 5 Evaluating
Explain the precautions to be observed when selecting the
6 Level 6 Creating
product
7 What is the nature of business plan? Level 1 Remembering
How would you summarize Project Appraisal?
8 Level 2 Understanding
Making use of theory, briefly explain what is capital
9 Level 3 Applying
budgeting
10 What do you infer by business ownership? Level 4 Analysing

11 How do you classify the projects? Level 5 Evaluating

Briefly explain the purpose of preparing the project
12 Level 6 Creating
profile?
13 What are the contents of project feasibility report? Level 1 Remembering
Explain about project evaluation.
14 Level 2 Understanding
Identify the essence of capital budgeting in preparing
15 Level 3 Applying
project report.
16 List the areas that are covered in the feasibility study. Level 4 Analysing
17 What do you mean by economic viability of the project? Level 1 Remembering
18 How do you describe product feasibility? Level 2 Understanding
What are the considerations relating to financial
19 Level 1 Remembering
feasibility for setting up a small business?
How does government policy influence the product
20 Level 1 Remembering
selection?

PART- B
BT
S.NO QUESTIONS COMPETENCE
LEVEL
1 What are the sources of product ideas for business? Explain. Level 1 Remembering
(i)Explain the different methods of generating product ideas.
2 (8 marks) Level 2 Understanding
(ii)Can you explain what is happening in idea generation process?
(5 marks)
3 Identify the steps involved in prefeasibility study. Level 3 Applying
(i)Examine the criteria used for selecting the product for business
4 idea. (8marks) Level 4 Analysing
(ii)Analyze the ways of evaluating business ideas. (5 marks)
(i)Discuss about financial feasibility study.(5 marks)
5 (ii)Elaborate on the cooperative organization form of ownership Level 5 Evaluating
available to the entrepreneur.(8 marks)
(i)Explain the components of the business plan.(8 marks)
6. Level 6 Creating
(ii)Assess the outcome of economic feasibility study.(5 marks)
How would you explain the role of SWOT analysis in
7 entrepreneurship development process with suitable examples Level 1 Remembering
from FMCG Industry?
8 Explain different types of ownership of business. Level 2 Understanding

9 Applying theory, explain the various methods of marketing of Level 3 Applying

products of SSI.
(i)Explain the steps involved in the preparation of project feasibility
10 report.(8 marks) Level 4 Analysing
(ii)Examine the results of Technical feasibility study.(5 marks)
 (i)Drive the suitable practices for assessing the budget of any project
proposal.(6 marks)
11 Level 1 Remembering
(I i(ii)How would you explain the practices with suitable examples.
(7 marks)
12 Explain what factors you will take into consideration while Level 2 Understanding
adjudging the viability of your proposed project.
13 Discuss feasibility report preparation and evaluation. Level 4 Analysing

14 Why capital budgeting techniques are considered Level 1 Remembering

important for Entrepreneurs?

PART - C

S.NO QUESTIONS
Finance Marketing technology and legal framework are important aspects that a project
1 manager must consider to prepare a detailed project report. Explain the project report preparation
process assuming that the report is for establishing a domestic Airline company
2 Business plan helps to determine the validity of the enterprise – Elucidate

3 If you start a business, which form of ownership would you prefer and why?

4 How would you educate the entrepreneur to assess the risk and return of his business?

UNIT – IV – LAUNCHING OF SMALL BUSINESS

Finance and Human Resource Mobilization Operations Planning - Market and Channel
Selection - Growth Strategies - Product Launching – Incubation, Venture capital, IT startups
PART- A
S.NO QUESTIONS BT LEVEL COMPETENCE
1 Define resource Mobilization Level 1 Remembering
2 What do you understand by operations planning? Level 2 Understanding
Making use of theory ,state the levels at which capacity
3 Level 3 Applying
planning is done
4 List the objectives of capacity planning Level 4 Analysing

5 How would you categorize the inventory of an enterprise? Level 5 Evaluating

Evaluate the channel members in the indirect distribution
6 Level 6 Creating
channel
7 List out the various sources of capital for business. Level 1 Remembering
Summarize the multi-channel distribution system
8 Level 2 Understanding
Applying the theory briefly explain about flexible
9 Level 3 Applying
manufacturing system
 Analyze lease financing method as a medium term source
10 Level 4 Analysing
of finance for the entrepreneur
11 What are the objectives of Venture Capital investments? Level 5 Evaluating
Briefly explain about bill discounting
12 Level 6 Creating
facility given to the Entrepreneurs
13 What is Venture Capital? Level 1 Remembering
Define working capital Management.
14 Level 2 Understanding

15 How product launch is organized? Level 3 Applying

Growth is an important phenomenon for every business
16 Level 4 Analysing
examine this statement
Define the market penetration strategies followed by the
17 Level 1 Remembering
entrepreneur
Write short notes on technology incubation parks in
18 Level 2 Understanding
academic set ups.
19 What is channel of distribution in marketing perspective? Level 1 Remembering
20 Match the product based layout with process based layout Level 1 Remembering

PART- B
BT
S.NO QUESTIONS COMPETENCE
LEVEL
1 Explain how to mobilize financial resources for an enterprise. Level 1 Remembering
Explain about any sources of finance available for the entrepreneur.
2 Level 2 Understanding

3 Explain the commonly used selection procedure in Small Scale Level 3 Applying
Industries.
4 (i)Analyze the operational functions of HRM.(7 marks) Level 4 Analysing
(ii)Examine the features of venture capital.(6 marks)
(i) Explain market & channel selection in relation to a small
5 business(7 marks) Level 5 Evaluating
(ii)Discuss about Incubation.(6 marks)
Explain the factors that affect the growth of the entrepreneurial firm.
6. Level 6 Creating

(i)What are the product & company characteristic features influencing

the selection of the distribution channel?(7 marks)
7 Level 1 Remembering
(ii) Choose and explain the factors relating to consumers and middle
men while selecting the marketing channel.(6 marks)
(i)Explain the commonly used selection procedure in small scale
industries. Explain the procedure with suitable examples.(7 marks)
8 Level 2 Understanding
(ii).Explain the factors to be considered in product selection.
(6 marks)
Choose examples to explain the international growth
9 strategies that enterprises adopt. Level 3 Applying
What conclusions can you draw about the different types of
10 Level 4 Analysing
external growth strategies?
 (i)What are the services offered by incubators?(5 marks)
11 (ii)Explain about the IT Startup process along with the elements Level 1 Remembering
involved in the process.(8 Marks)

(i)Discuss the process of business incubation and incentives given by

12 Government of India for the same.(8 marks) Level 2 Understanding
(ii)Explain LLP based models of business incubation.(5 marks)
13 Examine why the importance of venture capital is on the increase Level 4 Analysing

14 (i)Describe growth strategies for small business. (7 marks) Level 1 Remembering

(ii) Explain product launching.(6 marks)

PART - C

S.NO QUESTIONS
Venture capital support is an essential pre requisite in an entrepreneurial society
1

2 Sub-contracting is a better from of promoting small business – Explain

Devoppa is a small entrepreneur in Mysore city. He is producing Agarbatis in small scale

level for domestic market. He branded the product as Bhagya. He sent samples of products
3 to Dubai through his friend the product was accepted as good in the friends circle. His friend
assured good demand for the product at Dubai suggest suitable branding and packaging
strategy for the agarbaties in Dubai Market
Suppose an entrepreneur Manufacturing silk sarees wants to advertise - what promotional
4
tools will you suggest

UNIT – V – MANAGEMENT OF SMALL BUSINESS

Monitoring and Evaluation of Business - Preventing Sickness and Rehabilitation of Business

Units- Effective Management of small Business.
PART- A
S.NO QUESTIONS BT LEVEL COMPETENCE
1 Define the term small business Level 1 Remembering
2 Briefly explain about cottage industries Level 2 Understanding
How would you use the logical framework method to
3 Level 3 Applying
monitor and evaluate small business
What inference can you make about technology
4 Level 4 Analysing
obsolescence?
Why do you think inadequate access to credit is a
5 Level 5 Evaluating
major problem facing small business?
Many small business have perished because of their
6 Level 6 Creating
inability to sell what they have produced - Explain
7 Define Sickness with reference to small business. Level 1 Remembering
Briefly summarize the symptoms of industrial sickness
8 Level 2 Understanding
 9 Identify the consequence of Industrial Sickness Level 3 Applying
Poor infrastructure is another major problem faced by
10 Level 4 Analysing
small industries – Explain
Recovery of receivables calls for effective management
11 Level 5 Evaluating
of small business – Discuss
Proper inventory control is essential for effective
12 management of business Level 6 Creating
- Justify
How would you show that small business units
13 Level 1 Remembering
become sick because of external reasons?
Briefly explain the need for revival of sick business units
14 Level 2 Understanding
Identify the need for a technical appraisal in a viability
15 Level 3 Applying
study
Briefly examine the content of commercial appraisal in
16 the viability study for rehabilitation proposal Level 4 Analysing
Recall the list of warning signals of incipient sickness
17 Level 1 Remembering
State the two vital measures to prevent sickness in small
18 Level 2 Understanding
business.
State the concession given to sick units with regard to
19 Level 1 Remembering
working capital term loan.
Write a short note on board for industrial & financial
20 Level 1 Remembering
reconstruction.

PART- B
BT
S.NO QUESTIONS COMPETENCE
LEVEL
(i)Small business units have certain unique features. What are
1 they?(7 marks) Level 1 Remembering
(ii)List the different types of small business.(6 marks)
(i) Explain in detail the role of small business in economic
2 development.(7 marks) Level 2 Understanding
(ii) Summarize the external causes of sickness of small business
units.(6 marks)
(i)Identify the tools used in monitoring and evaluation of small
business.(8 marks)
3 Level 3 Applying
(ii)How entrepreneurs can use the decision of RBI to rehabilitate
sick units.(5 marks)
4 Examine the problems faced by small business units. Level 4 Analysing
5 Elaborate on the ways of effective management of small business. Level 5 Evaluating

6. Explain the causes of sickness of small business units. Level 6 Creating

(i)Define Industrial Sickness. Drive the different stages industrial

7 sickness with suitable examples.(7 marks) Level 1 Remembering
(ii) What are the symptoms of sickness of SSIs?(6marks)
8 Describe the criteria for selection of products. Level 2 Understanding
 9 Explain the guidelines of RBI for managing the problems of Level 3 Applying
industrial sickness.
(i) Analyze the remedial measures to overcome industrial sickness.
(7 marks)
10 Level 4 Analysing
(ii) Viability study enquiries into the technical aspects of business –
analyze this statement. (6 marks)
(i)What is financial appraisal? Why it assumes importance in the
rehabilitation proposal of sick units. (7 marks)
11 Level 1 Remembering
(ii)What kind of relief and concessions relating to cash issues is
given for rehabilitating sick units.(6 marks)
(i) Explain the viability study for rehabilitation of sick
units.(7marks)
12 Level 2 Understanding
(ii)Explain about commercial aspects of business included in the
viability study(6 marks)
13 Analyze ways of rehabilitation of sick business units. Level 4 Analysing
14 What are the new guidelines given for rehabilitation of sick units? Level 1 Remembering

PART - C

S.NO QUESTIONS

1 Prepare a report on the revival process for sick units

2 Are the government polices relating to revival of sick units effective?

3 The problems faced by small scale industries are different – Explain

Briefly explain: i) Signals of Industrial Sickness
4
i) Causes of Industrial sickness iii) Consequences of Industrial Sickness