1.
Under section 80J of the income tax act, 1961, small-scale industries are exempted from the payment of income tax on their profits at
A
5% p.a.
B
6% p.a.
C
6% p.m.
D
5% p.m.
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Under section 80J of the income tax act, 1961, small-scale industries are exempted from the payment of income tax on their profits at
5% p.a.
6% p.a.
6% p.m.
5% p.m.
Why are small businesses important to a country's economy?
They give an outlet for entrepreneurs.
They can provide specialist support to larger companies.
They can be innovators of new products.
All the above.
Why are small business important to a countrys economy?
They give an outlet to entrepreneurs
They can provide specialist support to larger companies
They can be innovators of new product
All of these
Which one of the following is not considered as one of the building blocks of the model entrepreneur?
technical skills.
management competencies.
business awareness.
personal attributes.
Which one of the following describes unemployment?
The number of people who voluntarily choose not to work.
The number of people who are jobless and are actively seeking work.
The number of people who are not actively seeking work.
The number of people actively seeking work who find work.
Which of these statements best describes the context forentrepreneurship?
Entrepreneurship takes place in small business
Entrepreneurship takes place in large business
Entrepreneurship takes place in a wide variety of context (small, medium& large)
Entrepreneurship takes place in social enterprises
Which of these statements best describes the context for entrepreneurship?
Entrepreneurship takes place in small businesses.Entrepreneurship takes place in large businesses.
Entrepreneurship takes place in large businesses.
Entrepreneurship takes place in a wide variety of contexts.
Entrepreneurship does not take place in social enterprises.
Which of the list below does not form Intellectual Property?
Trade marks.
Patents.
Tangible assets.
Copyright.
Which of the following statements is false? Electronic commerce:
can allow new ventures to compete on more or less equal terms with large firms.
can lead to small businesses having reduced contact with its customers.
is rarely used in small businesses.
is used in many different industries and markets.
Which of the following statements is false?
Market segmentation is a useful process for small businesses to undertake.
Selling is essentially a matching process.
A benefit is the value of a product feature to a customer.
It is a good idea for small businesses to compete solely on price.
Which of the following sources is not use for medium term financing?
Issue of equity shares.
Issue of debentures.
Term loans from banks.
Sale of current asset.
Which of the following securities proves a burden on finances of the company, when company is not earning profits?
Equity shares.
Preference shares.
Redeemable preference shares.
Debentures.
Which of the following leads to under-capitalization?
raising of more money by issue of shares.
acquiring fixed assets on excessive amounts.
over-estimation of earnings for enterprise.
under-estimation of initial rate of earnings.
Which of the following leads to over-capitalization?
acquiring fixed assets on excessive amounts.
under-estimation of initial rate of earnings.
using lower-rate of capitalization.
under estimation of required funds.
Which of the following is the reason for business failure
Lack of market research.
Poor financial control.
Poor management.
All the above.
Which of the following is not one of the 4 Ms?
motivation.
management.
materials.
money.
Which of the following is not considered to be a characteristic of a project?
An established objective
Complex tasks
A clear beginning and end
Only for internal use
Which of the following is not considered as one of the following blocks of the model entrepreneur?
Technical skills
Managerial competencies
Business competencies
Personal attributes
Which of the following is not an aspect of appraisal of term loans by commercial banks?
Financial feasibility.
Technical feasibility.
Economic feasibility.
Societal feasibility.
Which of the following is least likely to influence the timing of new business births?
Government policies.
Profitability.
Consumer expenditure.
Weather conditions.