Question 1

Project phases allow for effective control at the_____________.

Accepted Answer

A)  Project cost
B)  Funding level
C)  Estimation
D)  Quality B

Question 2

Project engineering and investment costs is an angle to ensure________.

Accepted Answer

A)  Pre-feasibility
B)  Detailed project report
C)  Funding level
D)  Project decision D

Question 3

_________ promotes the creation and/or growth of enterprises through a National Team of Trainers and Counselors that provides training and counseling to young promoters to establish their own business and to reduce the failure rate of start-ups, contributing thereof to the economic growth of the Country.

Accepted Answer

A)  EDQ
B)  EDN
C)  EDC
D)  EDP D

Question 4

Which are not the main Components of project management?

Accepted Answer

A)  Adequate control is exercised.
B)  Concept and pre-feasibility study
C)  A clear defined project objective
D)  Evaluation and financing arrangements.

Question 5

Which of the following is alternatively called corporate venturing?

Accepted Answer

A)  Entrepreneurship
B)  Intrapreneurship
C)  Act of stating a new venture
D)  Offering new products by an existing company

Question 6

Which of the following is the back bone of financial plan?

Accepted Answer

A)  Budgeting.
B)  Capital.
C)  Nature of business.
D)  Cost of production.

Question 7

Stauworth and Curran have explained entrepreneurship in terms of _______________

Accepted Answer

A)  Economic development
B)  Protectionism
C)  Monopoly
D)  Social marginality

Question 8

Which of the following shows the process of creating something new _________________?

Accepted Answer

A)  Business model.
B)  Modeling.
C)  Creative flexibility.
D)  Innovation.

Question 9

The documentation required at the end of each phase of a small project can be defined by sub setting the documentation for a ________________.

Accepted Answer

A)  Special project
B)  Specified project
C)  Typical project
D)  Well Designed project

Question 10

Planning and controlling the task is the ________________of a project manager.

Accepted Answer

A)  Strategy
B)  Responsibility
C)  Procedure
D)  Duty

Question 11

The entrepreneur was distinguished from capital provider in______________.

Accepted Answer

A)  Middle ages.
B)  18th century.
C)  17th century.
D)  19th and 20th century.

Question 12

__________ is an apex Institute in the area of Entrepreneurship and Small Business Development under the Ministry of Micro, Small and Medium Enterprises Government of India.

Accepted Answer

A)  NIESBUA
B)  NIESBUB
C)  NIESBUC
D)  NIESBUD

Question 13

RCI stands for __________.

Accepted Answer

A)  Re-investment corporation of India.
B)  Re-investment committee of India.
C)  Refinance corporation of India.
D)  Refinance committee of India.

Question 14

.Projects concerned with industrial development, power generation, mineral development will be considered as ___________.

Accepted Answer

A)  Quantifiable project
B)  Sectoral project
C)  Techno-economic project
D)  Feasibility project

Question 15

A person who managed large project was termed as the entrepreneur in the _________.

Accepted Answer

A)  Earliest period.
B)  Middle ages.
C)  17th century.
D)  19th and 20th century.

Question 16

EDPs are conducted by _____________.

Accepted Answer

A)  Entrepreneurs
B)  Specialised institutions
C)  Business community
D)  Government

Question 17

Which one of the following is the way by which an entrepreneur can enter into international business?

Accepted Answer

A)  Export
B)  Non equity arrangements
C)  Direct foreign investment
D)  All the above

Question 18

___________ has helped to set up twelve state-level exclusive entrepreneurship development centres and institutes.

Accepted Answer

A)  Entrepreneurship Development Institute of India
B)  State Bank of India
C)  Reserve Bank
D)  Industrial Finance Corporation of India

Question 19

Project overrun is a frightening _________________facing India.

Accepted Answer

A)  Financial problem
B)  Resource problem
C)  Economic problem
D)  Research problem

Question 20

Expanding economy serves as an accelerator to _______________

Accepted Answer

A)  Entrepreneurship
B)  Intrapreneurship
C)  Sole proprietorship
D)  Economic development

Exam 2: Entrepreneurship and Project Management: Key Concepts and Practices