AR 20

GIET UNIVERSITY, GUNUPUR – 765022

B. Tech ( __7th___ Semester) – Question Bank
Sub. Code – Entrepreneurship Development
(Mention Branch Here)

UNIT - I
PART – A: (Multiple Choice Questions) (1 Mark)

Q.1. Answer ALL questions [CO#] [PO#]

a. Having more than 50% ownership position that provides the entrepreneur with managerial CO1 PO11
control is called.

(i) Joint venture (iii) Diversified activity merge

(ii) Horizontal Merger (iv) Majority interest
b. The development of a new venture based on an inventor's work often requires CO1 PO7
(i) Expertise of an entrepreneur (ii) Heavy investment from financers
(iii) Skilled human resources (iv) Highly educated staff
c. The idea and actions that explain how a firm will make its profits refers to CO1 PO12
(i)mission (iii)strategy
(ii)goal (iv)objective
d. A business where an individual is both the owner and conductor of the business affairs is called CO1 PO12
(i) Partnership (ii) Sole Proprietorship
(iii) Corporation (iv) None of the above
e. In __________________, the entrepreneur has the right to sell any assets. CO1 PO10
(i) Proprietorship (ii)Limited Liability Company
(iii) Partnership (iv) None of the given options
f. Entrepreneurs are best as CO1 PO12
(i) managers (iii Doers
(ii) planners (iv) Venture capitalists
g. Entrepreneurs and ventures capitalists: CO1 PO11
(i)get along well (ii) Are the best friends
(iii)are cordial friends (iv) Are in conflict
h. _________________ is one method of stimulating, and then capitalizing on, individuals in an CO1 PO11
organization who think that something can be done differently and better.
(i) strategy orientation (ii) Capitalization
(iii)intrapreneurship (iv) Management
i. The _______ plan shows whether the business is economically feasible or not. .CO1 PO11
(i)financial (ii)marketing
(iii)economic (iv)business
j. In which of the following, the ownership of venture is reflected by ownership of shares of stock? CO1 PO12

(i)partnership (ii) Proprietorship

(iii)limited partnership (iv)corporation

PART – B: (Short Answer Questions) (2 Marks)

Q.2. Answer ALL questions [CO#] [PO#]

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a. Who is an entrepreneur? CO1 PO11
b. What are the entrepreneurial process? CO1 PO11
c. State the characteristics of entrepreneurship. CO1 PO12
d. What do you meant by Achievement motivation? CO1 PO11
e. Who is an entrepreneur? CO1 PO10
f. Who is innovating entrepreneur? CO1 PO12
g. Describe Fabian entrepreneur? CO1 PO12
h. Who is a technical entrepreneur? CO1 PO12
i. State the characteristics of women entrepreneur? CO1 PO12
j. Mention the qualities of a true entrepreneur. CO1 PO12

PART – C: (Long Answer Questions) (10 Marks)

Answer ALL questions Marks [CO#] [PO#]

1. a. Explain the role of entrepreneurship in economic development 5 CO1 PO11
b. Give the characteristics of successful entrepreneurs. 5 CO1 PO11
2. a. Discuss Entrepreneurship as a Career. 5 CO1 PO12
b. What is the importance of the Entrepreneurship? Differentiate between entrepreneur 5 CO1 PO12
and intrapreneur.
3. a. Describe the classifications of Entrepreneurs in detail. 5 CO1 PO11
b. Elaborate the components for writing a business plan. 5 CO1 PO7
4. a. Explain the skills and competencies required by an entrepreneur? 5 CO1 PO11
b. Explain the internal & external factors influencing entrepreneurial motivation. 5 CO1 PO12
5.a. What are the challenges faced by the entrepreneur? 5 CO1 PO12
b. What are the problems faced by the women entrepreneur in India? 5 CO1 PO7
6.a. Entrepreneurs are born not made.” Critically examine critically the statement. 5 CO1 PO7
b. What do you mean by business environment? What are the different challenges faced by 5 CO1 PO12
an entrepreneur in business environment?

UNIT – II
PART – A: (Multiple Choice Questions) (1 Mark)

Q.1. Answer ALL questions [CO#] [PO#]

a. Entrepreneurship can best be described as: CO2 PO11
(i) a process that requires setting up a (ii) taking a significant risk in a business
business context
(iii) having a strong vision (iv) a process involving innovation, new
products or services, and value creation
b. The small business ‘owner-manager’ is always the founder of the business: CO2 PO7
(i) true (ii) false
c. Which of these statements best describes the context for entrepreneurship CO2 PO12
(i) Entrepreneurship takes place in small (ii) Entrepreneurship does not take place in
businesses social enterprises
(iii) Entrepreneurship takes place in a wide (iv)Entrepreneurship takes place in large
variety of contexts businesses
d. The period of business when an entrepreneur must position the venture in a market and make CO2 PO12
necessary adjustments to assure survival is called the
(i) pre-startup stage. (ii) startup stage
(iii) early growth stage. (iv) later growth stage.

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e. Which of the following is a reason why a person might prefer to purchase a franchise rather than CO2 PO10
open a completely new business?
(i) higher failure rate (ii) increased independence.
(iii) ability to benefit from previous (iv) reduced royalty fees.
experience.
f. . MSMED stands to ___________ CO2 PO12
(i) Micro, Small & Medium Enterprises (ii) Mini, Small & Medium Enterprises
Development Development
(iii) Micro, Small & Medium Enterprises (iv) Micro, Small & Medium Entrepreneurship
Department Development
g. Which of the following is an internal factor that influences entrepreneurs? CO2 PO11
(i) Technological Capacity (ii) Social environment
(iii) Economic condition (iv)Political environment
h. __________________ requires proper review and reconsideration of the selected alternative CO2 PO11
before implementing it.
(i) Developing possible alternatives (ii) Selecting the best alternative
(iii) Exploring the developed alternatives (iv) Checking the decision
i. . Which one of the following is an economic barrier to an entrepreneur? CO2 PO12
(i) Emotional blocks (ii)labour
(iii) Lack of sustained motivation (iv) lack of vision
j. ________________ can be defined as psychological features that enable an individual to take CO2 PO11
action toward a desired goal?

(i)motive (ii)trait
(iii)ego (iv)attitude

PART – B: (Short Answer Questions) (2 Marks)

Q.2. Answer ALL questions [CO#] [PO#]

a. What is Entrepreneur Development Programme (EDP)? CO2 PO11

b. State the need for entrepreneurial development. CO2 PO11
c. Define Small Scale Industry. CO2 PO12
d. What is “tiny industry”? CO2 PO11
e. What is an ancillary unit? CO2 PO10
f. State any 4 objectives of small scale industries. CO2 PO12
g. What is cottage industry? CO2 PO12
h. Mention any three advantage of small scale industry compared to large scale industry. CO2 PO12
i. What do you mean by sick industrial unit? CO2 PO12
j. What are the symptoms of industrial sickness? CO2 PO12

PART – C: (Long Answer Questions) (10 Marks)

Answer ALL questions Marks [CO#] [PO#]

1. a. “EDP is a process of Grooming Entrepreneurs”. Explain 5 CO2 PO11
b. Briefly explain the procedure to be followed and the documents to be furnished while 5 CO2 PO11
starting a small scale unit.
2. a. Explain how the Porter’s five forces model is needed to understand for a good enterprise. 5 CO2 PO12
b. What is project feasibility? Discuss the different types of feasibility studies. 5 CO2 PO12

3. a. Explain the role and performance of SME sector in India 5 CO2 PO11

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 b. Explain in detail the phases of start-up development. 5 CO2 PO7
4. a. What is start-up ecosystem? Explain the elements of start-up ecosystem. 5 CO2 PO11
b. Comment on industrial policies and regulations with the viewpoint of entrepreneurial 5 CO2 PO12
development
5.a. What is a business plan? How to prepare a business plan? 5 CO2 PO12
b. What are the central & state government institutions provide the supports to SSIs.\ 5 CO2 PO7
6.a. How do you identify business opportunity? Discuss various steps involved in starting 5 CO2 PO7
business
b. Describe the various emerging sectors of entrepreneurship in India. 5 CO2 PO12

UNIT – III
PART – A: (Multiple Choice Questions) (1 Mark)

Q.1. Answer ALL questions [CO#] [PO#]

a. . ___________ implies that women entrepreneurs are now economically independent and take CO3 PO11
decisions independently
(i) Better utilization of resources (ii) Improved quality life
(iii) Employment generation (iv) Economic development
b. Financial feasibility analysis can be done by comparing ______________ with the estimated CO3 PO7
sales figure.
(i) cash flow statement (ii) balance sheet
(iii) break-even point (iv) profit and loss statement
c. Which of the following factor can create the managerial difficulties in the joint ventures between CO3 PO12
foreign companies?
(i) Cultural differences (ii) Economic policies
(iii)Public ignorance (iv) Government taxes
d. ___________ process of creating incremental wealth is called Entrepreneurship. CO3 PO12
(i) Static (ii)dynamic
(iii)systematic (iv)continuous
e. Barriers to new product creation and development are known as: CO3 PO10
(i) Trial and error (ii) Opportunity parameters
(iii) Opportunity cost (iv)Intrapreneurship culture
f. Which of the following is the key factor for choosing the type of financing? CO3 PO12
(i) Availability of funds (ii) Assets of the venture
(iii)Prevailing interest rates (iv) All of the given options
g. Entrepreneur actually starts setting up of an enterprise by CO3 PO11
(i)planning (ii)staffing
(iii)directing (iv)organising
h. Which of the following is least likely to influence the timing of new business births? CO3 PO11
(i) Government policies (ii) Consumer expenditure
(iii) Profitability (iv) Interest rates
i. Which of the following is usually not a barrier to market entry for a small firm? .CO3 PO11
(i) economy of scale (ii) good ideas
(iii) access to distribution (iv) switching costs
j. Entrepreneurs take the risk of starting a business for all of the following reasons except CO3 PO12
(i) they want independence. (ii) they like the challenge and the risk.
(iii) they want to work less. (iv) they want to make money for themselves.

PART – B: (Short Answer Questions) (2 Marks)

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Q.2. Answer ALL questions [CO#] [PO#]

a. Define Financial Management. CO3 PO11

b. What do you mean by working capital management? CO3 PO11
c. Define human resource management CO3 PO12
d. Define Start-up process. CO3 PO11
e. What is mean by the term start-up ecosystem? CO3 PO10
f. Define the term business incubation. CO3 PO12
g. What is seed capital? CO3 PO12
h. What is meant by the term “angle funding”? CO3 PO12
i. Define venture capitals. CO3 PO12
j. Explain ideating. CO3 PO12

PART – C: (Long Answer Questions) (10 Marks)

Answer ALL questions Marks [CO#] [PO#]

1. a. Discuss in brief the role of SIDO in promoting and developing small scale industries. 5 CO3 PO11
b. Discuss in brief the role of SIDBI in promoting and developing small scale industries. 5 CO3 PO11
2. a. What is venture capital? Discuss the various factors influences venture capital. 5 CO3 PO12
b. Explain the role of State Pollution Control Board. 5 CO3 PO12
3. a. What is the objective of labour laws in India? Briefly describe various labour laws. 5 CO3 PO11
b. Explain the diverse role of state level institutions in promoting SME. 5 CO3 PO7
4. a. Discuss in brief the role of NIESBUD in promoting and developing small scale 5 CO3 PO11
industries.
b. Write a note on District Industries Centre. 5 CO3 PO12
5.a. Discuss various functions of small Industries Service Institutes(SISIs). 5 CO3 PO12
b. Outline the different functions of national Small Industries Corporations. 5 CO3 PO7
6.a. Discuss in brief the role of KVIC in promoting and developing small scale industries 5 CO3 PO7
b. Discuss in brief the role of NSTEBD in promoting and developing small scale industries 5 CO3 PO12

UNIT – IV
PART – A: (Multiple Choice Questions) (1 Mark)

Q.1. Answer ALL questions [CO#] [PO#]

a. A business plan for a new business does not need to include: CO4 PO11

(i) a description of the company background (ii) a marketing plan.

(iii) a discussion of the purpose of the (iv) the name of the lending bank.
business.
b. The primary concerns when first starting your business are: CO4 PO7
(i) marketing and accounting. (ii) planning and human resources.
(iii) financing and planning. (iv) financing and marketing.
c. What are the primary sources of funding for entrepreneurs? CO4 PO12
(i) personal savings and individual investors (ii) the Small Business Administration and
banks
(iii) finance companies and banks (iv) former employers and the Economic
Development Authority
d. The resistance of employees in an organization against flexibility, growth, and diversification CO4 PO12
can be overcome by developing:
(i) Entrepreneurship (ii) Intrapreneurship
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 (iii) Administrative domain (iv) Managerial domain
e. Which one of the following is a barrier to new product creation and development? CO4 PO10
(i) Trial and error (ii) Opportunity parameter
(iii) Intrapreneurship culture (iv) Opportunity cost
f. Which one of the following is the process of entrepreneurs developing new products that over CO4 PO12
time make current products obsolete?
(i) Creative destruction (ii) New business model
(iii) An atomization (iv) None of the given options
g. An entrepreneur doing business within the national border is called CO4 PO11
(i) International entrepreneurship (ii) Intrapreneurship
(iii) Imports (iv)Domestic entrepreneurship
h. Which of the following is alternatively called corporate venturing? CO4 PO11
(i) Entrepreneurship (ii) b. Intrapreneurship
(iii) Offering new products by an existing (iv)Act of stating a new venture
company
i. In which of the following situation the company is considered to be on breakeven point? .CO4 PO11
(i) Profits are higher than expenses (ii)
(iii) No Profit no loss (iv)
j. Individuals who help the entrepreneur in business activities are called: CO4 PO12
(i) Role models (ii) Expenses are higher than profits
(iii) Business support networks (iv) None of the given options

PART – B: (Short Answer Questions) (2 Marks)

Q.2. Answer ALL questions [CO#] [PO#]

a. Discuss the need or importance for business plan. CO4 PO11

b. What do you mean by start-up business partnering? CO4 PO11
c. What is marketing management? CO4 PO12
d. Briefly explain the merits of NSTED. CO4 PO11
e. What is Start-up culture? Describe the elements of start-up culture. CO4 PO10
f. What is business incubator? Explain the types of business incubators. CO4 PO12
g. Explain the business incubator models. CO4 PO12
h. What is Technology Business Incubators (TBI)? CO4 PO12
i. What are the components of the business incubation? CO4 PO12
j. What is seed support system (SSS)? CO4 PO12

PART – C: (Long Answer Questions) (10 Marks)

Answer ALL questions Marks [CO#] [PO#]

1. a. Explain the problems of HRM an entrepreneur faces in managing an enterprise. 5 CO4 PO11
b. Define Industrial Sickness. What are the reasons of industrial sickness? 5 CO4 PO11
2. a. Financial management is the most crucial aspect of business- discuss. 5 CO4 PO12
b. What are the internal sources of raising funds for an entrepreneur? 5 CO4 PO12
3. a. Explain the concept of marketing in SSIs in terms of 4Ps. 5 CO4 PO11
b. Analyse the various factors of entrepreneurial success and failure in current scenario. 5 CO4 PO7
4. a. Explain the concept of working capital and factors affecting requirement of it. 5 CO4 PO11
b. Explain the various symptoms of sickness. State the remedial measures. 5 CO4 PO12
5.a. Describe the different pricing strategy followed by an entrepreneur . 5 CO4 PO12

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 b. What do you mean by marketing management? Discuss some common marketing 5 CO4 PO7
problems faced by small scale industry.
6.a. What is Marketing Mix? Briefly explain the elements of Marketing Mix. 5 CO4 PO7
b. Outline the different distribution channels of Marketing. 5 CO1 PO12

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