Entrepreneurship Scenario – EconomicsBy CACSMockTest / April 26, 2022 350 Entrepreneurship Scenario – Economics 1 / 22 To give boost to the make in India programme, the MSME Ministry launched …………….. . (a) NDFC (b) SBA (c) SETU (d) ASPIRE 2 / 22 Expansion of term SETU is (a) Self exchange and talent utilization (b) Self exchange and trust utilization (c) Self expert and team utilization (d) Self Employment and talent utilization 3 / 22 What is the potential drawback of growing a business too quickly, as illustrated by the example of Groupon? (a) It leads to a lack of customer acquisition. (b) It increases customer retention efforts. (c) It results in higher share prices. (d) It can overlook preexisting issues. 4 / 22 Why is it important for entrepreneurs to build a strong network for their businesses? (a) To gain social media followers (b) To attract investors (c) To achieve instant success (d) To support business growth 5 / 22  What is a common challenge for first-time entrepreneurs mentioned in the paragraph? (a) Lack of money (b) Too much industry experience (c) Extensive professional network (d) Overwhelming industry connections 6 / 22 According to McKinsey & Co., what is one way to increase organizational efficiency and overcome bottlenecks in entrepreneurial growth? (a) Expanding the product line (b) Hiring more employees (c) Implementing automation and machine learning (d) Increasing marketing efforts 7 / 22 What is one of the key benefits of small-scale entrepreneurs mentioned in the paragraph? (a) They generate immediate profits for themselves. (b) They concentrate economic power. (c) They promote balanced regional development. (d) They primarily operate in urban areas. 8 / 22 Which initiative focuses on expanding the National Highways Network and mobilizing funds for its expansion? (a) PM GatiShakti (b) Multimodal Logistics Parks (c) Prime Minister’s Development Initiative for North-East Region (PM-DevINE) (d) Vibrant Villages Programme 9 / 22 To get a loan from stand up India Scheme, the age of the company should not exceed (a) US$ 26.17 billion (b) US$ 26.30 billion (c) US$ 81.72 billion (d) US$ 20 billion 10 / 22 Which sector is highly responsible for propelling India’s overall development and enjoys intense focus from the government? (a) Agriculture (b) Information Technology (c) Infrastructure (d) Healthcare 11 / 22 What is the Technical Intern Training Program (TITP) primarily focused on? (a) Training Indian workers for jobs in various sectors (b) Transferring skills, technology, and knowledge among participating countries (c) Providing short-term training for migrant workers (d) Initiating digital literacy programs in India 12 / 22 What is the primary objective of the entrepreneurship framework mentioned in the paragraph? (a) To increase the number of technical intern training programs (b) To promote entrepreneurship culture and make it aspirational (c) To facilitate access to finance through credit and market linkages (d) To establish an IT-based information system for skill development 13 / 22 According to the National Policy on Skill Development and Entrepreneurship 2015, what is the vision of the policy? (a) To promote formal wage employment (b) To create an ecosystem of empowerment through skilling and entrepreneurship (c) To align all skilling activities with existing institutional frameworks (d) To meet the challenge of skilling with speed and quantity 14 / 22 What is the primary funding support provided by NSDC to Model Training Centres (MTCs) under the Pradhan Mantri Kaushal Kendra initiative? (a) Overhead capital (b) Operating expenses (c) Concessional secured loans (d) Government grants 15 / 22 How do venture capitalists (VCs) add value to startups? (a) By providing long-term loans to startups (b) By facilitating government approvals for startups (c) By recruiting talent for startups (d) By offering marketing assistance to startups 16 / 22 How do venture capitalists (VCs) add value to startups? (a) By providing long-term loans to startups (b) By facilitating government approvals for startups (c) By recruiting talent for startups d) By offering marketing assistance to startups 17 / 22 What is the main objective of the “Make in India” initiative? (a) To promote foreign investment in established Indian companies (b) To encourage domestic startups in India (c) To transform India into a global manufacturing hub (d) To support skill development and entrepreneurship 18 / 22 What is the purpose of the Startup India Hub? (a) To provide financial support to startups (b) To facilitate patent registration for startups (c) To offer networking opportunities for startups (d) To streamline the process of business registration for startups 19 / 22 Under the Startup India scheme, what type of rebate does the government provide on patent costs for most startups? (a) 20% (b) 50% (c) 80% (d) 100% 20 / 22 Which government initiative offers financial benefits, income tax benefits, and registration benefits to startups in India? (a) Make in India (b) Stand Up India (c) Startup India (d) Invest India 21 / 22  What is the primary objective of the Stand-Up India scheme? (a) To provide employment opportunities for youth (b) To facilitate bank loans for women entrepreneurs only (c) To promote innovation and wealth creation (d) To facilitate bank loans for SC/ST and women entrepreneurs for setting up greenfield enterprises 22 / 22 Which government initiative aims to transform India into a global manufacturing hub by attracting investments from both local and foreign corporate houses in various key areas? (a) Stand Up India (b) Startup India (b) Startup India (d) Invest India Your score is LinkedIn Facebook Twitter VKontakte
