Bihar Board 12th Entrepreneurship Objective Questions and Answers

BSEB Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 5 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 5 in English

Question 2.
Which of the following is a factor affecting identification of business opportunities ?
(A) Volume of Internal demand
(B) Created opportunity
(C) Existing opportunity in the Environment
(D) None of the above
Answer:
(A) Volume of Internal demand

Question 3.
Learning processes involves.
(A) Drive
(B)Cue
(C) Response
(D) Drive, cue, and response
Answer:
(D) Drive, cue, and response

Question 4.
Subsidy is:
(A) Concession
(B) Discount
(C) Repayment
(D) None of these
Answer:
(C) Repayment

Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 5 in English

Question 5.
Business regulatory frame work is concerned with what
(A) Direction of Business
(B) Volume of business
(C) Regulation
(D) None of the above
Answer:
(C) Regulation

Question 6.
What the Economic policies determine ?
(A) Direction of Business
(B) Volume of Business
(C) Direction & Volume of Business
(D) None of these
Answer:
(C) Direction & Volume of Business

Question 7.
Short-term forecast involve a period of how many months ?
(A) Twelve months
(B) Twenty four months
(C) Eighteen months
(D) Thirty six months
Answer:
(A) Twelve months

Question 8.
Demand forecasting is termed as what out of the following ?
(A) Marketing
(B) market demand
(C) demand and supply
(D) all of the above
Answer:
(B) market demand

Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 5 in English

Question 9.
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:
(B) Cost of production

Question 10.
Out of the following what is essential to study in feasibility study ?
(A) Cost
(B) Prince
(C) Operation
(D) all of the above
Answer:
(D) all of the above

Question 11.
Market demand is known as-
(A) Demand forecastingg
(B) Real demand
(C) Supply
(D) None of those
Answer:
(A) Demand forecastingg

Question 12.
What creates imperfection in the market which ultimately incrreases the volumes of sales and profit ?
(A) Innovation
(B) Promotion
(C) Marketing
(D) None of the above
Answer:
(A) Innovation

Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 5 in English

Question 13.
Iiow will you formulate general plan of Business ?
(A) By production planning
(B) By cost planning
(C) By financial planning
(D) By doing all the above
Answer:
(D) By doing all the above

Question 14.
Which of the following is a problem connected with Business ?
(A) Profit
(B) Money
(C) Sales
(D) Risk management
Answer:
(D) Risk management

Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 5 in English

Question 15.
On which out of the following the formulating of the general plan of business depends.
(A) Project report
(B) Plant & production planning
(C) Marketing planning
(D) Financial planning
Answer:
(D) Financial planning

Question 16.
Lack of standardisation of the equipment is due to
(A) Internal consitraints
(B) External constraints
(C) Government Barriers
(D) Regulatory Barriers
Answer:
(B) External constraints

Question 17.
Project cycle is not concerned with the following.
(A) Pre-investment stage
(B) Constructive stage
(C) Normalisation stage
(D) Stabilisation stage
Answer:
(D) Stabilisation stage

Question 18.
Modernisation improves.
(A) Products
(B) Production
(C) Processes
(D) Capacity
Answer:
(D) Capacity

Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 5 in English

Question 19.
Gestation period is concerned with.
(A) Idea creation period
(B) Incubation period
(C) Implementation period
(D) Commercialisation period
Answer:
(C) Implementation period

Question 20.
What is required for fixed capital and working capital of any enterprise ?
(A) Finance
(B) Marketing
(C) Planning
(D) None of the above
Answer:
(A) Finance

Question 21.
The term “fund” as used in fund flow analysis means.
(A) Cash only
(B) Current Assets
(C) Current liabilities
(D) Excess of current Assets over current liabilities
Answer:
(D) Excess of current Assets over current liabilities

Question 22.
What affect purchase of plant will have on working capital ?
(A) Decrease
(B) Increase
(C) No effect
(D) None of the above
Answer:
(A) Decrease

Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 5 in English

Question 23.
Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 5 in English - 1
Answer:
(A)

Question 24.
P/V Ratio-
Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 5 in English - 2
Answer:
(A)

Question 25.
Risk Capital Foundation was established in-
(A) 1970
(B) 1975
(C) 1986
(D) 1988
Answer:
(B) 1975

Question 26.
Technological Development and Infrastructure Corporation of India was established in the year
(A) 1975
(B) 1986
(C) 1988
(D) 1990
Answer:
(C) 1988

Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 5 in English

Question 27.
What is management ?
(A) Sceince
(B) Art
(C) Art and Science both
(D) None of these
Answer:
(C) Art and Science both

Question 28.
The formost need of development in a country is of-
(A) Physical Resources
(B) Economic Resources
(C) Efficient management
(D) None of these
Answer:
(B) Economic Resources

Question 29.
Present production system in fact is-
(A) Direct production
(B) Indirect production
(C) Primary
(D) Secondary
Answer:
(B) Indirect production

Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 5 in English

Question 30.
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) None of these
Answer:
(C) Both “A” and “B” above

Question 31.
Out of the following which is the method of production ?
(A) Direct method of production
(B) Indirect method of production
(C) Both “A” and “B” above
(D) None of the above
Answer:
(C) Both “A” and “B” above

Question 32.
Marketing Expenditure is a burden-
(A) On Industry
(B) On businessmen
(C) On consumers
(D) All of these
Answer:
(C) On consumers

Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 5 in English

Question 33.
The characterstics of a good brand are-
(A) Short name
(B) Memorable
(C) Attractive
(D) All of these
Answer:
(D) All of these

Question 34.
Maximum wide scope is of-
(A) Brand
(B) Labelling
(C) Packaging
(D) Trade mark
Answer:
(A) Brand

Bihar Board 12th Entrepreneurship VVI Objective Questions Model Set 5 in English

Question 35.
Brand indicates-
(A) Symbol
(B) Design
(C) Name
(D) All of these
Answer:
(D) All of these