Bihar Board 12th Entrepreneurship Objective Important Questions Part 2

Bihar Board 12th Entrepreneurship Important Questions Objective Type Part 2 are the best resource for students which helps in revision.

Bihar Board 12th Entrepreneurship Objective Important Questions Part 2

Question 1.
Break-even point indicates
(a) Zero profit, zero loss
(b) Cost revenue relation
(c) Minimum sale price
(d) All of these
Answer:
(a) Zero profit, zero loss

Question 2.
Modernisation improves
(a) Products
(b) Processes
(c) Capacity
(d) Labours
Answer:
(a) Products

Question 3.
Aspects of project evaluation is
(a) Technical evaluation
(b) Financial evaluation
(c) Managerial evolution
(d) All of these
Answer:
(d) All of these

Question 4.
Printing expenses are
(a) fixed
(b) variable
(c) semi-variable
(d) None of these
Answer:
(c) semi-variable

Question 5.
The type of shares are
(a) Equity share
(b) Preference share
(c) Both
(d) None of these
Answer:
(c) Both

Question 6.
Expenses on Marketing is
(a) Wastage
(b) Unnecessary expenses
(c) Burden on customers
(d) Investment
Answer:
(d) Investment

Question 7.
Debit the receiver and credit the giver rule apply
(a) In Personal A/c
(b) In Real A/c
(c) In Nominal A/c
(d) In Trading A/c
Answer:
(a) In Personal A/c

Question 8.
Project report is a summary of
(a) Facts
(b) Informations
(c) Analysis
(d) All of these
Answer:
(d) All of these

Question 9.
An entrepreneur must be conscious to protect
(a) Environment
(b) Shareholders
(c) Employees
(d) Customers
Answer:
(a) Environment

Question 10.
In view of growing global competition, an entrepreneur must ensure adequate of goods and services.
(a) quality
(b) price
(c) standard
(d) publicity
Answer:
(c) standard

Question 11.
The necessary quality of leadership is
(a) greatness
(b) wealth
(c) behaviour
(d) popularity
Answer:
(c) behaviour

Question 12.
One of the major causes of business failure is
(a) unskilled labour
(b) inadequate capital
(c) small market
(d) poor management
Answer:
(d) poor management

Question 13.
The major achievement of an entrepreneur is
(a) profit
(b) growth
(c) quality
(d) market
Answer:
(b) growth

Question 14.
The most important factor of business development is
(a) relations
(b) sales
(c) purchases
(d) power
Answer:
(a) relations

Question 15.
Which of the following is a element of sensing the opportunities?
(a) Ability to perceive
(b) Insight into the change
(c) Innovative quality
(d) All of these
Answer:
(d) All of these

Question 16.
Which of the following is a kind of opportunities?
(a) First opportunity
(b) Created opportunity
(c) Last opportunity
(d) None of these
Answer:
(b) Created opportunity

Question 17.
The factor identifies business opportunities
(a) Form of external assistant
(b) Possibility of export
(c) Volume of internal demand
(d) All of these
Answer:
(d) All of these

Question 18.
Learning process involves
(a) Drive
(b) Cue
(c) Response
(d) All of these
Answer:
(d) All of these

Question 19.
Subsidy is
(a) Concession
(b) Discount
(c) Repayment
(d) None off these
Answer:
(c) Repayment

Question 20.
Incentives are not concerned with
(a) Rebate
(b) Exemption from Tax
(c) Lump-sum payment
(d) Provision of seed capital
Answer:
(c) Lump-sum payment

Question 21.
Social behaviour is not conceded with
(a) Production of public goods
(b) Avoidance of unethical behaviour
(c) Fulfilment of social obligation
(d) Profit earning process
Answer:
(d) Profit earning process

Question 22.
Market demand is also known as
(a) supply
(b) real demand
(c) demand forecasting
(d) None of these
Answer:
(c) demand forecasting

Question 23.
Which of the following factors affect market assessment?
(a) Micro environment
(b) Production cost
(c) Demand
(d) None of these
Answer:
(a) Micro environment

Question 24.
Short forecast involves period
(a) 24 months
(b) 15 months
(c) 12 months
(d) 6 months
Answer:
(c) 12 months

Question 25.
Nature of marketing includes
(a) Product planning
(b) Classification of product
(c) Customer
(d) None of these
Answer:
(a) Product planning

Question 26.
Demand forecasting includes
(a) Consumer forecasting
(b) Short term forecasting
(c) Long term forecasting
(d) All of these
Answer:
(b) Short term forecasting

Question 27.
Which of the following factors is to be considered while selecting a product/services?
(a) Competition
(b) Cost of production
(c) Profit possibility
(d) All of the above
Answer:
(d) All of the above

Question 28.
Which of the following factors is not to be considered while selecting a product/services?
(a) Market asscssment
(b) Practicability
(c) Competition
(d) Product planning
Answer:
(d) Product planning

Question 29.
Feasibility study is a ractor
(a) Study
(b) Questionnaires
(c) Production
(d) Identification
Answer:
(b) Questionnaires

Question 30.
Selection of an enterprise depends upon
(a) Sole trading
(b) Partnership firm
(c) Self ability
(d) None of these
Answer:
(c) Self ability

Question 31.
The point which is considered while selecting an enterprise
(a) Product
(b) Marketing
(c) Availability of capital
(d) All of these
Answer:
(c) Availability of capital

Question 32.
Product selection is affected by
(a) Technical knowledge
(b) Availability of Market
(c) Position of Competition
(d) All of the above
Answer:
(b) Availability of Market

Question 33.
Essential elements while selectioning an enterprise
(a) Promotion
(b) Area of operation
(c) Secrecy
(d) All of these
Answer:
(b) Area of operation

Question 34.
Which form of organisation is preferred by an entrepreneur if production is to be undertaken on small scale basis?
(a) Sole trade
(b) Partnership
(c) Company
(d) None of these
Answer:
(a) Sole trade

Question 35.
Create perfection in the market to increase sales and profit
(a) Promotion
(b) Innovation
(c) Marketing
(d) Location
Answer:
(b) Innovation

Question 36.
A successful entrepreneur must possess the following quality
(a) Leadership
(b) Control
(c) Innovation
(d) All of the above
Answer:
(d) All of the above

Question 37.
Determines the form of organisation
(a) Size
(b) Innovation
(c) Study
(d) Location
Answer:
(a) Size

Question 38.
Implementation of Industrial licensing Act
(a) 1931
(b) 1941
(c) 1951
(d) 1961
Answer:
(c) 1951

Question 39.
Planning is done
(a) Short term
(b) Middle term
(c) Long term
(d) All terms
Answer:
(d) All terms

Question 40.
Planning is a trap to capture the future
(a) Newman
(b) Hurley
(c) Alen
(d) Terry
Answer:
(c) Alen