Small Business Test

Result

Small Business Test - 7

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Weekly Quiz Competition

Question 1
1 / -0

Alertness, sharp mind and sharp memory are ________ qualities of an entrepreneur.

A
mental

B
ethical

C
physical

D
social
Question 2
1 / -0

What is a sound strategic option for an Entrepreneur when synergy is present" select correct option.

A
Merger

B
Joint venture

C
Minority interest

D
Majority interest
Question 3
1 / -0

Under the Start-up India scheme, the government of offers _____________.

A
Easy Registration

B
Tax Exemption

C
No Inspection

D
All of the above
Solution
The government of India has taken an initiative to encourage startup projects by announcing the Startup India scheme. It offers the following benefits:
1. No Inspection
2. No registration
3. Income Tax exemption
4. Capital gain tax exemption
5. Benefit Patent and Intellectual property
6. Funding schemes for startup
Question 4
1 / -0

All of the following are subsidiaries of the State Bank of India, except__________________.

A
State Bank of Bikaner and Jaipur

B
Central Bank of India

C
State Bank of Hyderabad

D
State Bank of Patiala

Solution

Option B is correct answer because central bank of India is not a subsidiary of State Bank of India.
Question 5
1 / -0
Problems of Regional Rural Banks:-
1. Poor recovery system
2. Lack of co-ordination
3. Regional Imbalance
4. Inadequate finance
Which of the given options are correct?
A
I and II are correct

B
II, III and IV are correct

C
I, II and III are correct

D
All are correct
Solution
Problems of Regional Rural Banks are-
Poor recovery system:- Many RRB’s are suffering from the problem of heavy loans because of the low repaying capacity of their customer, untrained staff, low level of deposits, and heavy sanction of loans without checking the creditworthiness of their customers.
Lack of coordination:- Lack of proper coordination between RRB’s and other financial institutions like commercial banks, NABARD, and other co-operative banks has badly affected the performance of these banks.
Regional Imbalance:- There is also a problem of regional imbalance in banking facilities provided by RRB’s. They are creating this problem by concentrating their branches in some specific states and districts & loose other prospective groups of customers.
Inadequate finance:- RRB’s are facing the problem of inadequate finance. They are dependent on NABARD to collect finance for their further operation. Poor rural people are unable to save anything due to poverty and low per capita income. The low level of saving of these customers creates an obstacle for RRB’s to collect sufficient deposits.
Hence, option (D) is the correct answer.
Question 6
1 / -0

The main functions of the RRBs are:
I. to grant loans and advances to the weaker sections of the urban population.
II. to grant loans and advances to cooperative societies.
III. to generate employment opportunities in rural areas.
IV. to grant loans and advances to the small and marginal farmers.
Which of the given options are correct?

A
I and II are correct

B
I, II and III are correct

C
II, III and IV are correct

D
All are correct.

Solution

The functions of the RRB are as follows:
(1) Granting of loans and advances to small and marginal farmers and agricultural labourers, whether individually or in groups, and to co-operative societies, agricultural processing societies, co-operative farming societies, primarily for agricultural purposes or for agricultural operations and other related purposes;
(2) Granting of loans and advances to artisans, small entrepreneurs and persons of small means engaged in trade, commerce and industry or other productive activities within its area of co-operation; and
(3) Accepting deposits.
By concluding above functions we can say that Regional Rural Banks doesnot grant loans and advances to the weaker sections of urban people.
Question 7
1 / -0

Entrepreneur who likes to manage a balance between work and personal life is called ________.

A
improvers

B
sustainers

C
superstar

D
artiste

Solution

The sustainers are the category of entrepreneurs that consist of people who like the thought of balancing work and personal life. Most often they do not wish the business to grow too large where it will cut into their personal life too much.
Question 8
1 / -0

In the Small Sector Industrial Policy, 1991, the investment limit in plant and machinery of Tiny enterprises is ______.

A
Rs. 5 lakhs

B
Rs. 7 lakhs

C
Rs. 10 lakhs

D
Rs. 15 lakhs

Solution

Small Sector Industrial Policy, 1991, the investment limit in plant and machinery of Tiny enterprises raised from 2 lakh to 5 lakh.
Hence, option (A) is the correct answer.
Question 9
1 / -0

Businessmen use the word 'Capital' in the sense of ______________.

A
Produced means of production

B
Total assets employed in a business

C
Net assets

D
Capital stock

Solution

Businessmen use the word 'Capital' in the sense of total assets employed in a business.
Capital is the money or wealth needed to produce goods and services. In the most basic terms, it is money. All businesses must have capital in order to purchase assets and maintain their operations. Business capital comes in two main forms: debt and equity. Debt refers to loans and other types of credit that must be repaid in the future, usually with interest. Equity, on the other hand, generally does not involve a direct obligation to repay the funds. Instead, equity investors receive an ownership position in the company which usually takes the form of stock, and thus the term "stock equity.
Question 10
1 / -0

Mahila Udyam Nidhi Scheme is to help __________.

A
Small farmers

B
Women entrepreneurs

C
Poorest among the poor people living in rural areas

D
All of the above

Solution

Mahila Udyam Nidhi Scheme:-To meet the gap in equity. The women entrepreneurs will be assisted in setting up new projects in the tiny /small-scale sector and rehabilitation of viable sick SSI units. Existing tiny and small-scale industrial units and service industries undertaking expansion, modernization technology up-gradation & diversification can also be considered.
Hence, option (B) is the correct answer.

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Re-Attempt Weekly Quiz Competition

Small Business Test - 7

Result

Small Business Test - 7

Score

-

Rank

-

SHARING IS CARING

Question 1

mental

ethical

physical

social

Question 2

Merger

Joint venture

Minority interest

Majority interest

Question 3

Easy Registration

Tax Exemption

No Inspection

All of the above

Solution

Question 4

State Bank of Bikaner and Jaipur

Central Bank of India

State Bank of Hyderabad

State Bank of Patiala

Solution

Question 5

I and II are correct

II, III and IV are correct

I, II and III are correct

All are correct

Solution

Question 6

I and II are correct

I, II and III are correct

II, III and IV are correct

All are correct.

Solution

Question 7

improvers

sustainers

superstar

artiste

Solution

Question 8

Rs. 5 lakhs

Rs. 7 lakhs

Rs. 10 lakhs

Rs. 15 lakhs

Solution

Question 9

Produced means of production

Total assets employed in a business

Net assets

Capital stock

Solution

Question 10

Small farmers

Women entrepreneurs

Poorest among the poor people living in rural areas

All of the above

Solution

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