Bihar Board 12th Entrepreneurship Objective Questions and Answers

BSEB Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 2 in English

Question 1.
Is it necessary to give due consideration on internal resources before initiating a particular decision ?
(A) Yes, it is necessary
(B) No, not necessary
(C) Necessary for external resources
(D) None of the above
Answer:
(A) Yes, it is necessary

Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 2 in English

Question 2.
Incentives are not concerned with:
(A) Rebate
(B) Exemption from Tax
(C) Provision of seed capital
(D) Lump-sum payment
Answer:
(D) Lump-sum payment

Question 3.
Market Demand is also known as:
(A) Demand Forecasting
(B) Real Demand
(C) Supply
(D) None of the above
Answer:
(D) None of the above

Question 4.
Which of the following factors is to be considered while selecting a product or service ?
(A) Competition
(B) Cost of production
(C) Profit possibility
(D) All of the above
Answer:
(A) Competition

Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 2 in English

Question 5.
Selection of an enterprise depends on:
(A) Sole Trading
(B) Right of Entrepreneur
(C) Self Ability of Entrepreneur
(D) None of the above
Answer:
(C) Self Ability of Entrepreneur

Question 6.
An entrepreneur prefers which form of organisation if production is to be undertaken on small scale basis ?
(A) Sole Trade
(B) Partnership
(C) Company
(D) None of the above
Answer:
(A) Sole Trade

Question 7.
Project identification deals with:
(A) Viable Product idea
(B) Logical opportunity
(C) Effective demand
(D) None of these
Answer:
(A) Viable Product idea

Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 2 in English

Question 8.
Techno-economic analysis deals with identification of the:
(A) Supply Potential
(B) Demand Potential
(C) Export Potential
(D) Import Potential
Answer:
(B) Demand Potential

Question 9.
Project appraisal is an/a :
(A) Export Analysis
(B) Expert Analysis
(C) Profitability Analysis
(D) None of the above
Answer:
(C) Profitability Analysis

Question 10.
Various public utility undertaking have to invest heavily on:
(A) Current Assets
(B) Fixed Assets
(C) Fictitious Assets
(D) None of the above
Answer:
(B) Fixed Assets

Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 2 in English

Question 11.
The term ‘Fund’ as used in Fund Flow Analysis means :
(A) Cash only
(B) Current Assets
(C) Current Liability
(D) Excess of Current Assets over Current Liabilities
Answer:
(D) Excess of Current Assets over Current Liabilities

Question 12.
Net working capital means:
(A) C. A.-C.L.
(B) C. A. + C.L.
(D) None of the above
(D) None of these
Answer:
(A) C. A.-C.L.

Question 13.
B.E.P =
Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 2 in English
Answer:
(A) \(\frac{\text { Fixed cost }}{\mathrm{P} / \mathrm{V} \text { Ratio }}\)

Question 14.
Risk Capital Foundation was established in:
(A) 1970
(B) 1975
(C) 1986
(D)1988
Answer:
(B) 1975

Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 2 in English

Question 15.
Capital intensive technique is favoured due to:
(A) Rapid economic growth
(B) Social influence
(C) Increasement in employment
(D) All of the above
Answer:
(D) All of the above

Question 16.
Management is an art of:
(A) Doing work himself
(B) Taking work from others
(C) Both for during himself work and taking work from others
Answer:
(C) Both for during himself work and taking work from others

Question 17.
Out of the following which is the method of quality control ?
(A) Inspection method
(B) Statistical Quality Central Method
(C) Both (a) and (b) above
(D) Neither (a) nor (b) above
Answer:
(C) Both (a) and (b) above

Question 18.
Dividend on cumulative preference share:
(A) In the year of profit
(B) In the year of loss
(C) In the year of profit or loss
(D) None of these
Answer:
(C) In the year of profit or loss

Question 19.
The best example of variable cost is:
(A) Interest on Capital
(B) Material Cost
(C) Wealth Tax
(D) Rent
Answer:
(B) Material Cost

Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 2 in English

Question 20.
Generally diversification is classfication in:
(A) Two ways
(B) Three ways
(C) Four ways
(D) Five ways
Answer:
(C) Four ways

Question 21.
Business opportunity relates with:
(A) Commercially feasible projects
(B) Personal feasible projects
(C) Neither (a) nor (b) above
(D) None of the above
Answer:
(A) Commercially feasible projects

Question 22.
Social behaviour is not concerned with:
(A) Production of public goods
(B) Avoidance of unethecal behaviour
(C) Fulfilment of social obligations
(D) Profit earning Process
Answer:
(D) Profit earning Process

Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 2 in English

Question 23.
What is included in nature of marketing ?
(A) Product planning
(B) Classification of product
(C) Consumer
(D) Customer
Answer:
(D) Customer

Question 24.
Out of the following what is essential to study in feasibility study?
(A) Cost
(B) Price
(C) Govern
(D) All of the above
Answer:
(A) Cost

Question 25.
What are the things that enterprise do ? The paths they follow and th decision they take in order to reach certain points and levels of success.
(A) Production
(B) Distribution
(C) Marketing
(D) Strategies
Answer:
(D) Strategies

Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 2 in English

Question 26.
The best example of variable cost is:
(A) Interest on Capital
(B) Material Cost
(C) Wealth Tax
(D) Rent
Answer:
(B) Material Cost

Question 27.
What break-even point shows:
(A) Profit
(B) Loss
(C) Neither profit nor Loss
(D) None of these
Answer:
(C) Neither profit nor Loss

Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 2 in English

Question 28.
Out of the following formulating of the general plan of business depends ?
(A) Project Report
(B) Plant and Production Planning
(C) Marketing Planning
(D) Financial Planning
Answer:
(B) Plant and Production Planning

Question 29.
Which of the following factors affecting identification of business opportunities ?
(A) Volume of internal demand
(B) Creates opportunity
(C) Existing opportunities in the environment
(D) None of the above
Answer:
(A) Volume of internal demand

Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 2 in English

Question 30.
What is included in demand forecasting ?
(A) Customer
(B) Product planning
(C) Short Term forecasting
(D) Consumer forecsting
Answer:
(C) Short Term forecasting

Question 31.
Which of the following is not to be considered while selecting a product or service ?
(A) Marketing Assessment
(B) Practicability
(C) Competition
(D) Product Planning
Answer:
(D) Product Planning

Question 32.
Out of the following which is defined as discovery of business opporunities ?
(A) Product
(B) Promotion
(C) Marketing
(D) Production
Answer:
(B) Promotion

Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 2 in English

Question 33.
The of business also determines the form of organisation.
(A) Size
(B) Location
(C) Study
(D) None of the above
Answer:
(A) Size

Question 34.
Lack of standardisation of the equipment is due to:
(A) Internal constraints
(B) External constraints
(C) Government barriers
(D) Regulatory barriers
Answer:
(B) External constraints

Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 2 in English

Question 35.
DPR is a:
(A) Working Plan
(B) Action Plan
(C) Implementation Plan
(D) None of the above
Answer:
(B) Action Plan