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Test: Entrepreneurial Sustainability - 1 - B Com MCQ


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10 Questions MCQ Test - Test: Entrepreneurial Sustainability - 1

Test: Entrepreneurial Sustainability - 1 for B Com 2024 is part of B Com preparation. The Test: Entrepreneurial Sustainability - 1 questions and answers have been prepared according to the B Com exam syllabus.The Test: Entrepreneurial Sustainability - 1 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Entrepreneurial Sustainability - 1 below.
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Test: Entrepreneurial Sustainability - 1 - Question 1

What is the primary objective of the Startup India initiative launched by the Government of India?

Detailed Solution for Test: Entrepreneurial Sustainability - 1 - Question 1
The Startup India initiative aims to nurture, mentor, and facilitate startups throughout their life cycle. It provides comprehensive support, including mentorship, funding access, easy compliance norms, tax benefits, and more, to help startups innovate and excel without barriers.
Test: Entrepreneurial Sustainability - 1 - Question 2

What is the main focus of the Make in India initiative?

Detailed Solution for Test: Entrepreneurial Sustainability - 1 - Question 2
Make in India is focused on transforming India into a global design and manufacturing hub, with an emphasis on attracting investments, fostering innovation, developing skills, protecting intellectual property, and building manufacturing infrastructure.
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Test: Entrepreneurial Sustainability - 1 - Question 3

Which program encourages curiosity, creativity, and innovation right from the school level?

Detailed Solution for Test: Entrepreneurial Sustainability - 1 - Question 3
The Atal Innovation Mission (AIM) promotes innovation and entrepreneurship at the grassroots level by establishing Atal Tinkering Labs (ATLs) in schools. These labs provide students with hands-on training in STEM concepts to foster creativity and innovation.
Test: Entrepreneurial Sustainability - 1 - Question 4
What is the purpose of the Jan Dhan- Aadhaar- Mobile (JAM) initiative?
Detailed Solution for Test: Entrepreneurial Sustainability - 1 - Question 4
The JAM initiative aims to provide direct transfer of subsidies to beneficiaries, making banking services accessible even in remote areas. It helps eliminate intermediaries, reduce leakages, and ensure efficient delivery of benefits to citizens.
Test: Entrepreneurial Sustainability - 1 - Question 5
What is the primary objective of the Stand-Up India initiative?
Detailed Solution for Test: Entrepreneurial Sustainability - 1 - Question 5
The Stand-Up India initiative seeks to promote women entrepreneurship and economic participation, especially among women entrepreneurs, Scheduled Castes, and Scheduled Tribes, by providing them with access to loans and support to set up businesses.
Test: Entrepreneurial Sustainability - 1 - Question 6
Which initiative focuses on making government services available electronically and improving digital access?
Detailed Solution for Test: Entrepreneurial Sustainability - 1 - Question 6
The Digital India initiative aims to modernize the Indian economy by making government services available electronically and improving digital access, especially in rural areas. It aims to transform India into a digitally-empowered society.
Test: Entrepreneurial Sustainability - 1 - Question 7
How do Self-Help Groups (SHGs) help in promoting financial inclusion?
Detailed Solution for Test: Entrepreneurial Sustainability - 1 - Question 7
Self-Help Groups (SHGs) act as a conduit for formal banking services to reach the poor, providing them with access to loans, savings, and other financial products. SHGs play a crucial role in promoting financial inclusion.
Test: Entrepreneurial Sustainability - 1 - Question 8
Which initiative provides opportunities for motivated scientists and field workers to undertake projects for socio-economic gain?
Detailed Solution for Test: Entrepreneurial Sustainability - 1 - Question 8
The Science for Equity Empowerment and Development (SEED) initiative offers opportunities for scientists and field workers to undertake projects for socio-economic gain, particularly in rural areas. It aims to provide technological benefits to the disadvantaged population.
Test: Entrepreneurial Sustainability - 1 - Question 9
What is the primary challenge faced by small enterprises in India?
Detailed Solution for Test: Entrepreneurial Sustainability - 1 - Question 9
Small enterprises in India often face challenges in accessing finance, which is essential for purchasing raw materials, paying wages, and supporting expansion plans. Despite efforts, the demand-supply mismatch in small enterprise financing continues.
Test: Entrepreneurial Sustainability - 1 - Question 10
How do banks typically mitigate credit risk when financing small enterprises?
Detailed Solution for Test: Entrepreneurial Sustainability - 1 - Question 10
Banks often look for collateral or equity to mitigate credit risk when financing small enterprises, especially for idiosyncratic risks. However, systemic risks, which are beyond the control of the enterprise, pose a different challenge for lenders.
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