Small Business Test

Result

Small Business Test - 8

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Weekly Quiz Competition

Question 1
1 / -0

In 1995 the total number of regional rural banks operating in India were _____.

A
180

B
186

C
190

D
196

Solution

Regional Rural Banks also known as RRB’s are the banks that are set up for the motto of providing financial assistance to the backward class people who are living in villages of the country. These banks operate under the provisions of the government of india that are designed to support the needs of rural area people. In the year 1995, a total of 196 RRB’s were operating in India that were covering around 425 districts of the country. These banks provide easy locker, debit, and credit card facilities to the rural people.
Question 2
1 / -0

Invariably the primary focus of intrapreneur is on ________.

A
To move towards organizational success.

B
To move towards personal success.

C
To create opportunity for move money being independent

D
Both (a) and (b)

Solution

Intrapreneurs are usually employees within a company who are assigned to work on a special idea or project, and they are instructed to develop the project like an entrepreneur would.
Hence, option (D) is the correct answer.
Question 3
1 / -0

The characteristic feature of manager that is NOT present in entrepreneur is _______.

A
Manager has no competitors.

B
Managers agree with top management.

C
Manager has to meet deadlines given by top management

D
All of the above

Solution

A manager has to agree with the top management and has to meet deadlines given, whereas being an entrepreneur makes you often compete with competitors that acts as a driver to push forward and achieve goals and objectives.
Hence, option (D) is the correct answer.
Question 4
1 / -0

Entrepreneur is a person _________.

A
having high aptitude

B
who wants to work for himself

C
ready to bear risk for profit in new venture

D
all of the above

Solution

An entrepreneur is an independent person who starts his venture and bears full risk of his failure and enjoys the fruit of his success.
Question 5
1 / -0

Which of the following factors does not affect a person from being an entrepreneur?

A
Work history

B
Nationality

C
Education

D
Personal values

Solution

Nationality of a person doesn't affect him being an entrepreneur. The factors like Education applies to the knowledge of an entrepreneur, the working experience of an entrepreneur helps in the workings of the business, most importantly the personal values of achievement and ethics helps in growth of an entrepreneur.
Question 6
1 / -0

Which of the following abilities an entrepreneur must possess?

A
Creativity

B
Conceptualization

C
Understanding environment

D
All of the above

Solution

An entrepreneur is a person who innovates new ideas to conduct business processes for which an entrepreneur should be creative in his ideas, the conceptualization of the business idea should be ideal, and understanding the business environment is essential to set up a business.
Hence, option D is correct.
Question 7
1 / -0

Which one of the following is not the characteristics of entrepreneurship?

A
Innovation

B
Organising skills

C
Indifferent approach

D
Risk taking
Question 8
1 / -0

The uncertainty that is not the characteristic feature of Intrapreneurship is ________.

A
the changes of failure are high as being backed up from headquarters.

B
its projects are funded by large organizations

C
it promotes the manager to be more innovative

D
it creates wealth for headquarters
Question 9
1 / -0

Who can be an entrepreneur?

A
People from an established business organization

B
Individuals who have been in the business for long time.

C
Individuals who are from upper caste.

D
Irrelevant as any one can be Entrepreneur

Solution

People from an established business organization have quite an experience of how a business works, what resources are required, also have a good business idea to start up with.
Hence, option (A) is the correct answer.
Question 10
1 / -0

Which of the following is not a characteristic of a typical entrepreneur?

A
Preference for taking high risks.

B
Desire for responsibility

C
Desire for immediate feedback

D
Confidence in their ability to succeed

Solution

An entrepreneur is often aware of the business environment with immense product knowledge, the acceptance of the product or service is known by the feedback of the same, and desire for immediate feedback is not a typical characteristic of an entrepreneur.
Hence, option C is correct.

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Re-Attempt Weekly Quiz Competition

Small Business Test - 8

Result

Small Business Test - 8

Score

-

Rank

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SHARING IS CARING

Question 1

180

186

190

196

Solution

Question 2

To move towards organizational success.

To move towards personal success.

To create opportunity for move money being independent

Both (a) and (b)

Solution

Question 3

Manager has no competitors.

Managers agree with top management.

Manager has to meet deadlines given by top management

All of the above

Solution

Question 4

having high aptitude

who wants to work for himself

ready to bear risk for profit in new venture

all of the above

Solution

Question 5

Work history

Nationality

Education

Personal values

Solution

Question 6

Creativity

Conceptualization

Understanding environment

All of the above

Solution

Question 7

Innovation

Organising skills

Indifferent approach

Risk taking

Question 8

the changes of failure are high as being backed up from headquarters.

its projects are funded by large organizations

it promotes the manager to be more innovative

it creates wealth for headquarters

Question 9

People from an established business organization

Individuals who have been in the business for long time.

Individuals who are from upper caste.

Irrelevant as any one can be Entrepreneur

Solution

Question 10

Preference for taking high risks.

Desire for responsibility

Desire for immediate feedback

Confidence in their ability to succeed

Solution

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