BSEB Bihar Board 12th Entrepreneurship Important Questions Objective Type Part 4 are the best resource for students which helps in revision.

## Bihar Board 12th Entrepreneurship Objective Important Questions Part 4

Question 1.
What is net sales?
(a) Gross sales – Sales return
(b) Sales return – Gross sales
(c) Gross sales – Profit
(d) Gross sales + Profit
(a) Gross sales – Sales return

Question 2.
The formula of operating profit ratio
(a) $$\frac{\text { Gross profit }}{\text { sales }} \times 100$$
(b) $$\frac{\text { Net profit margin }}{\text { sales }} \times 100$$
(c) $$\frac{\text { Operation profit }}{\text { sales }} \times 100$$
(d) $$\frac{\text { Net profit }}{\text { sales }} \times 100$$
(c) $$\frac{\text { Operation profit }}{\text { sales }} \times 100$$

Question 3.
Operating ratio = ?
(a) Gross profit – Sales
(b) Profit – Loss
(c) Net sales – Gross profit
(d) Cost + Profit
(c) Net sales – Gross profit

Question 4.
An ideal current ratio is
(a) 2 : 1
(b) 1 : 2
(c) 3 : 2
(d) 4 : 1
(a) 2 : 1

Question 5.
Current ratio is
(a) Composite ratio
(b) P/L ratio
(c) Balance sheet ratio
(d) None of these
(c) Balance sheet ratio

Question 6.
Which of the following is not operating expense?
(b) Wages
(c) Written of preliminary exp.
(d) Rent
(c) Written of preliminary exp.

Question 7.
Formula of the depreciation to sales
(a) $$\frac{\text { Depreciation }}{\text { Net sales }} \times 100$$
(b) $$\frac{100}{\text { Net sales }} \times \text { depreciation }$$
(c) $$\frac{\text { Net sales }}{\text { Depreciation }} \times 100$$
(d) $$\frac{\text { Depreciation }}{100} \times \text { Net sales }$$
(a) $$\frac{\text { Depreciation }}{\text { Net sales }} \times 100$$

Question 8.
Contribution
(a) Sales less total cost
(b) sales less variable cost
(c) Sales less fixed cost
(d) None of these
(b) sales less variable cost

Question 9.
Break even point
(a) $$\frac{\text { Fixed cost }}{\text { Contribution per unit }}$$
(b) $$\frac{\text { Variable cost }}{\text { Contribution }}$$
(c) $$\frac{\text { Fixed cost }}{\text { Profit }} \times 100$$
(d) $$\frac{\text { Unit cost }}{\text { Loss }} \times 100$$
(a) $$\frac{\text { Fixed cost }}{\text { Contribution per unit }}$$

Question 10.
Utility is included in BEP as
(a) Diagnostic tool
(b) Risk valuation
(c) Profit improvement
(d) All of these
(d) All of these

Question 11.
The difference between actual sale and break-even sale is called
(a) Net profit
(b) Gross profit
(c) Contribution
(d) Margin of safety
(d) Margin of safety

Question 12.
Risk capital foundation was established in
(a) 1970
(b) 1975
(c) 1986
(d) 1988
(b) 1975

Question 13.
Venture capital thought was originated in
(a) India
(b) England
(c) America
(d) Japan
(d) Japan

Question 14.
Venture capital was established in SIDBI
(a) 1972 – 73
(b) 1952 – 53
(c) 1992 – 93
(d) 1892 – 93
(c) 1992 – 93

Question 15.
Risk capital foundation was established by
(a) IFCI
(b) UTI
(c) IDBI
(d) ICICI
(a) IFCI

Question 16.
Venture capital contains
(a) High risk
(b) Venture risk
(c) No risk
(d) None of these
(a) High risk

Question 17.
According to guidelines issued by government, debt equity ratio for venture capital is
(a) 1.5
(b) 2.0
(c) 0.5
(d) 2.5
(a) 1.5

Question 18.
Indian investment fund was established by
(a) IFCI
(b) SBI
(c) Can Bank
(d) Grindlay Bank
(d) Grindlay Bank

Question 19.
Variables are used for technical capability
(a) 2
(b) 3
(c) 4
(d) 5
(c) 4

Question 20.
Labour intensive technique is appropriate because it relate with
(a) Unstable nature
(b) Movable nature
(c) Constant nature
(a) Unstable nature

Question 21.
Capital intensive technique is not much useful because it
(a) Helps labour power
(b) Exploit customers
(c) Improves balanced regional developments
(d) Control capitalised resources
(b) Exploit customers

Question 22.
Capital intensive technique is favoured due to
(a) Rapid growth
(b) Social influence
(c) (a) & (b) both
(d) None of these
(d) None of these

Question 23.
Management is
(a) Art
(b) Science
(c) Art & Science both
(d) None of these
(c) Art & Science both

Question 24.
The social responsibility of management is
(a) Towards the government
(b) Towards all
(c) Towards employees
(d) Towards himself
(b) Towards all

Question 25.
Management is a profession. This statement is of
(a) Fayol
(b) Terry
(c) Robins
(d) American Management Association
(d) American Management Association

Question 26.
Management is the development of men and not the direction of things
(a) Lawrence A. Appley
(b) R. C. Devis
(c) Keith and Gubelline
(d) Henry Fayol
(a) Lawrence A. Appley

Question 27.
H. Fayol started the function of management
(a) 1912
(b) 1816
(c) 1916
(d) 1926
(a) 1912

Question 28.
Function of management is
(a) 2
(b) 3
(c) 4
(d) 5
(d) 5

Question 29.
Motivation includes
(a) Directing
(b) Controlling
(c) Staffing
(d) Planning
(a) Directing

Question 30.
According to American Management Association, Management is a
(a) Science
(b) Profession
(c) Art
(d) Employment
(b) Profession

Question 31.
Steps of product are
(a) Extractive
(b) Genetic
(c) Communication
(d) Extractive and Genetic
(d) Extractive and Genetic

Question 32.
(a) Standardisation
(b) Planning
(c) Cost
(d) Control
(a) Standardisation

Question 33.
Infact, present production system is
(a) Direct production
(b) Primary
(c) Secondary
(d) Indirect production
(d) Indirect production

Question 34.
Use of linear programming
(a) In production method
(b) In market method
(c) In transportation method
(d) All of these
(c) In transportation method

Question 35.
Production process includes
(a) Creativity
(b) Price
(c) Warehousing
(d) All of these
(a) Creativity

Question 36.
(b) To inform and guide customers
(c) To make publicity of product
(d) All of these
(d) All of these

Question 37.
Brand indicates
(a) Symbol
(b) Design
(c) Name
(d) All of these
(d) All of these

Question 38.
What does affect product mix?
(a) Marketing
(b) Product
(c) Financial
(d) All of these
(a) Marketing

Question 39.
Which is the most important scope?
(a) Brand
(b) Labelling
(c) Packaging
(c) Packaging

Question 40.
Labelling is
(a) Compulsory
(b) Necessary
(c) Voluntary
(d) Wastage of money
(b) Necessary

Question 41.
The characteristics of a good brand are
(a) Short name
(b) Memorable
(c) Attractive
(d) All these
(d) All these

Question 42.
Importance of marketing concept is for
(a) Society
(b) Consumers
(c) Producers
(d) All the three
(d) All the three

Question 43.
Marketing concept is
(a) Production oriented
(b) Sales oriented
(c) Customer oriented
(d) All the three
(d) All the three

Question 44.
The advantage of marketing is to
(a) To consumers
(c) To producer
(d) To all
(d) To all

Question 45.
(a) Compulsory
(b) Necessary
(c) Unnecessary
(d) Luxury
(a) Compulsory

Question 46.
Marketing expenditure is a burden
(a) On industry
(c) On consumers
(d) All of these
(c) On consumers

Question 47.
Money spent on marketing is
(a) Wastage
(b) Unnecessary expenses
(c) Burden on customer
(d) Investment
(d) Investment

Question 48.
The rate of dividend on preference share is
(a) Fixed
(b) Variable
(c) Semi variable
(d) All of these
(a) Fixed

Question 49.
SFC Act in India was passed in the year
(a) 1948
(b) 1949
(c) 1950
(d) 1951