CMAT Role of Entrepreneurship in Economic Development Practice Questions With Solutions

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CMAT Innovation and Entrepreneurship Role of Entrepreneurship in Economic Development Practice Questions

General Awareness Language Comprehension Quantitative Techniques and Data Interpretation Logical Reasoning

Question 1.

Given below are two statements : one is labelled as Assertion (A) and the other is labelled as Reason (R) :

Reason(R) :
The venture capital investment is a risk financing generally available in the form of equity or quasi-equity like convertible loan instrument for supporting startups.

Both (A) and (R) are true and (R) is the correct explanation of (A)

Both (A) and (R) are true but (R) is not the correct explanation of (A)

(A) is true but (R) is false

(A) is false but (R) is true

Question 2.

Given below are two statements : One is labelled as Assertion (A) and the other is labelled as Reason (R).

Reason (R): 62% of India's population is in the working age group (15-59 years) and more than 54% of the total population is below 25 years of age. Our country presently faces a dual challenge of paucity of highly trained workforce as well as non employability of the large work force of the conventional educated youth.

Both (A) and (R) are correct and (R) is the correct explanation of (A)

Both (A) and (R) are correct but (R) is NOT the correct explanation of (A)

(A) is correct but (R) is not correct

(A) is not correct but (R) is correct

Question 3.

Financial Institut ions are not merely transactional entit ies but key architects of economic progress. Their roles also span in
(A) Capital formation
(BJ Risk management
(C) Inclusive finance
(DJ Arbitration
(E) Consultation in project report preparation to intern during their internship program.
Choose the correct answer from the opt ions given below :

(A) and (B) only

(A), (B) and (C) only

(B), (C) and (D) only

(B), (C), (D) and (E) only

Question 4.

Which of the following statements are correct?
(A) SMILE loans are aimed pursue growth opportunities
(B) SMILE loans are aimed to pay for the earlier loan
(C) SMILE loans are available to both manufacturing and services organisations.
(D) SMILE loans are aimed at setting upstate of the Art manufacturing infrastructure for MSME
(E) SMILE loans are aimed at meeting the consumption needs of farm-based entrepreneurs.
Choose the correct answer from the options given below :

A, B, C only

A, C, D only

B, C, E only

C, D, E only

Question 5.

Bottom line measures of social performance for an entrepreneur include the following
(A) Unemployment rate
(B) Relative Poverty
(C) GDP Growth
(D) Average Commute Time
(E) Illiteracy Rate
Choose the correct answer from the options given below :

A, B, D, E only

A, C, D, E only

A, B, C, D, E only

B, C, D, E only

Question 6.

Which of the following statements are correct?
(A) MUDRA loans under PMMY include Shishu Category
(8) MUDRA loans under PMMY include Kishore Category
(C) MUDRA loans under PMMY include Shaishav Category
(D) MUDRA loans under PMMY include Tarun Category
(E) MUDRA loans under PMMY include Vyask Category
Choose the correct answer from the options given below:

(C), (B) and (E) only

(C), (B) and (D) only

(A), (B) and (E) only

(A), (B) and (D) only

Question 7.

Given below are two statements, one is labelled as Assertion (A) and the other is labelled
as Reason (R).

Reason (R) :
Small businesses can be innovators of new products and provide speacialist support to larger companies.
In the light of the above statements, choose the most appropriate answer from the options given below :

Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A).

Both Assertion (A) and Reason (R) are correct and Reason (R) is not the correct explanation of Assertion (A).

(A) is correct but (R) is not correct.

(A) is not correct but (R) is correct.

Question 8.

The primary focus of SMILE loan of SIDBI is to

Upgrade their machinery with state-of-the-art equipment

To meet the debt-equity ratio of a unit or to help in its growth and expansion

For technology upgradation and expansion

One-time non-recurring loan for start ups

Question 9.

Which are the BRIC countries?

Britain, Russia, India and Canada

Brazil, Russia, India and China

Bangladesh, Rwanda, India and China

Bhutan, Rwanda, India and Cuba

Question 10.

Given below are two statements: one is labelled as Assertion A and the other one is labelled Reason R.
Assertion A: AICTE, UGC, NITI AAYOG and commercial banks are coming up with many offerings to promote entrepreneurship.
Reason R: Govemment wants to develop pro-entrepreneurship and supporting environment in the country.
In the light of the above statements choose the most appropriate answer from the option given below:

Both A and R are correct and R is the correct explanation of A

Both A and R are correct and R is the NOT the correct explanation of A

A is correct but R is not correct

A is not correct but R is correct

Great Job! continue working on more practice questions?

Question 1.

Given below are two statements:
Statement I: Urbanization around the world is an, opportunity to innovate.
Statement II: Urbanization around the world is an issue because of overpopulation.
In the light of the above statements, choose the most appropriate answer from the
options given below:

Both Statement I and Statement II are correct

Both Statement I and Statement II are incorrect

Statement I is correct but Statement II is incorrect

Statement I is incorrect but Statement II is correct

Question 2.

'Shishu', 'Kishore' and 'Tarun' are the three products created by __________ to signify the stage of growth/development and funding needs of the beneficiary micro unit/entrepreneur and also provide a reference point for the next phase of graduation/growth.

MUDRA Yojana

Jan Dhan Yojana

Ayushman Bharat Yojana

None of the above

Question 3.

Please provide the full form for CGTMSE, a scheme meant for Micro and Small Enterprises

Credit Guarantee Trust for Micro and Small Enterprises

Credit Guarantee Fund Trust for Micro and Small Enterprises

Credit Guarantee Fund towards Micro and Small Enterprises

Collateral Guarantee Trust for Micro and Small Enterprises

Question 4.

Which one of the following Ministry publishes the Economic Survey of India?

Ministry of Finance

Ministry of External Affairs

Ministry of Commerce and Industry

Ministry of Statistics and Programme Implementation

Question 5.

Which city is ranked as one of the world’s five fastest growing startup cities?

Cochin

Ahmedabad

Bangalore

Nagpur

Question 6.

Which country is No 1 in ease of doing business from last four years from 2017?

Canada

Norway

United States

New Zealand

CMAT Role of Entrepreneurship in Economic Development Practice Questions With Solutions

CMAT Innovation and Entrepreneurship Role of Entrepreneurship in Economic Development Practice Questions

Question 1.

Question 2.

Question 3.

Question 4.

Question 5.

Question 6.

Question 7.

Question 8.

Question 9.

Question 10.

Question 1.

Question 2.

Question 3.

Question 4.

Question 5.

Question 6.

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