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B Com Exam  >  B Com Tests  >  Test: Entrepreneurial Development Policies and Programmes - 2 - B Com MCQ

Test: Entrepreneurial Development Policies and Programmes - 2 - B Com MCQ


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10 Questions MCQ Test - Test: Entrepreneurial Development Policies and Programmes - 2

Test: Entrepreneurial Development Policies and Programmes - 2 for B Com 2024 is part of B Com preparation. The Test: Entrepreneurial Development Policies and Programmes - 2 questions and answers have been prepared according to the B Com exam syllabus.The Test: Entrepreneurial Development Policies and Programmes - 2 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Entrepreneurial Development Policies and Programmes - 2 below.
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Test: Entrepreneurial Development Policies and Programmes - 2 - Question 1
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Which ministry of the Indian government established the National Institute for Entrepreneurship and Small Business Development (NIESBUD)?

Detailed Solution for Test: Entrepreneurial Development Policies and Programmes - 2 - Question 1
The National Institute for Entrepreneurship and Small Business Development (NIESBUD) was established by the Ministry of Industries, Government of India in 1983. It was created to coordinate, train, and oversee the activities of institutions and agencies involved in entrepreneurship development, particularly in the small industry and small business sector.
Test: Entrepreneurial Development Policies and Programmes - 2 - Question 2
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What is the main objective of NIESBUD?

Detailed Solution for Test: Entrepreneurial Development Policies and Programmes - 2 - Question 2
The main objective of NIESBUD is to develop standardized materials and processes for the selection, training, support, and sustenance of entrepreneurs, both potential and existing. This ensures that entrepreneurship development is carried out in a systematic and effective manner.
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Test: Entrepreneurial Development Policies and Programmes - 2 - Question 3
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Which organization provides consultancy services to small and medium enterprises at reasonable costs?

Detailed Solution for Test: Entrepreneurial Development Policies and Programmes - 2 - Question 3
The Technical Consultancy Organisation (TCOs) provides consultancy services to small and medium enterprises at reasonable costs. These services include industrial potential surveys, preparation of profits and feasibility studies, evaluation of projects, conducting Entrepreneurship Development Programs (EDPs), and more.
Test: Entrepreneurial Development Policies and Programmes - 2 - Question 4
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When was the Small Industries Service Institutes (SISIs) established?
Detailed Solution for Test: Entrepreneurial Development Policies and Programmes - 2 - Question 4
The Small Industries Service Institutes (SISIs) were established in each state in 1956 as agencies of the Small Industries Development Organization (SIDO). These institutes play a crucial role in promoting entrepreneurship and the development of small-scale industries, especially in rural and underdeveloped areas.
Test: Entrepreneurial Development Policies and Programmes - 2 - Question 5
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What is one of the functions performed by Small Industries Service Institutes (SISIs)?
Detailed Solution for Test: Entrepreneurial Development Policies and Programmes - 2 - Question 5
One of the functions performed by Small Industries Service Institutes (SISIs) is conducting market distribution surveys for industrial enterprises. This helps in providing market information to small-scale industries and assists them in making informed decisions regarding their products and services.
Test: Entrepreneurial Development Policies and Programmes - 2 - Question 6
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Which institution was set up as a wholly owned subsidiary of IDBI?
Detailed Solution for Test: Entrepreneurial Development Policies and Programmes - 2 - Question 6
The Small Industries Development Bank of India (SIDBI) was set up on April 2, 1990, as a wholly owned subsidiary of Industrial Development Bank of India (IDBI). SIDBI plays a crucial role in promoting, financing, and developing industries in the small-scale sector and coordinating the functions of other institutions engaged in similar activities.
Test: Entrepreneurial Development Policies and Programmes - 2 - Question 7
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What is one of the functions of SIDBI?
Detailed Solution for Test: Entrepreneurial Development Policies and Programmes - 2 - Question 7
One of the functions of the Small Industries Development Bank of India (SIDBI) is conducting detailed plant studies to locate production and other problems in small-scale industries. This helps in identifying areas of improvement and implementing measures to enhance productivity and efficiency.
Test: Entrepreneurial Development Policies and Programmes - 2 - Question 8
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Which organization provides leasing, hire purchase, and marketing support to SSI units?
Detailed Solution for Test: Entrepreneurial Development Policies and Programmes - 2 - Question 8
The Small Industries Development Bank of India (SIDBI) provides financial support to the National Small Industries Corporation (NSIC) for providing leasing, hire purchase, and marketing support to SSI units. This assistance helps small-scale industries in acquiring necessary equipment and reaching out to potential customers.
Test: Entrepreneurial Development Policies and Programmes - 2 - Question 9
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What is one of the services offered by SIDBI to industrial concerns in the small-scale sector?
Detailed Solution for Test: Entrepreneurial Development Policies and Programmes - 2 - Question 9
One of the services offered by the Small Industries Development Bank of India (SIDBI) to industrial concerns in the small-scale sector is factoring. Factoring is a financial service where a company sells its accounts receivable to a third party at a discount in order to access immediate cash flow. This helps small-scale industries in managing their working capital effectively.
Test: Entrepreneurial Development Policies and Programmes - 2 - Question 10
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What is one of the functions of Small Industries Service Institutes (SISIs) in relation to quality control?
Detailed Solution for Test: Entrepreneurial Development Policies and Programmes - 2 - Question 10
One of the functions of Small Industries Service Institutes (SISIs) is undertaking quality control and specialized training programs on export marketing. This ensures that small-scale industries meet quality standards and are equipped with the necessary knowledge and skills to explore international markets for their products.
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