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 MGT601 Quiz (SME Management) MCQs

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PostSubject: MGT601 Quiz (SME Management) MCQs   Sat Nov 05, 2011 9:47 pm


MGT601
Quiz
SME Management



Question:
In which year the restructuring of Small Business Finance Corporation (SBFC) was done?
Select correct option:
1998
2000
2001
2002

Question:
In which year Small & Medium Development Authority (SMEDA) was established?
Select correct option:
July, 1994
August, 1988
October, 1998
December, 2001.

Question:
Following are the main functions of Punjab Small Industries Corporation (PSIC) EXCEPT:
Select correct option:
Technology transfer
Vocational infrastructure
Financial assistance
Entrepreneurial Development

Question:
Technological obsolescence, low capacity utilization, non-availability of spares and poor machinery maintenance are the postoperative problems that can be emerged in which of the following areas?
Select correct option:
Production
Capital
Customer
Sale

Question:
How the large and small sectors are interlinked?
Select correct option:
By fostering changes
By subcontracting
By sharing risk
By serving the same market

Question:
Which of the following national institute had conducted a survey about the development of SME in Pakistan with the collaboration of United Nations Industrial Development Organization (UNIDO)?
Select correct option:
Lahore Chamber of Commerce
SME Bank
Ministry of Trade
SMEDA

Question:
How many years ago the first piece of writing about the small business was discovered?
Select correct option:
3000 years
3500 years
4000 years
4500 years

Question:
Which of the following titles represents the United Kingdom model for the development and improvement of SME sector?
Select correct option:
Protect Small First
Think Small First
Develop Small First
Design Small First

Question:
According to a research conducted by SMEDA and UNIDO, what is the percentage of large firms that avails the facility of loan from banks and other financial institutions?
Select correct option:
67%
80%
75%
83%


Question:
Question # 10 of 15 ( Start time: 04:02:17 PM ) Total Marks: 1
Which one of the following is NOT used as parameters to declare a business as a small business?
Select correct option:
Share in the economy
Resources control
Capacity of production
All of the given options

Question:
What is the percentage of those entrepreneurs whose get formal college education, according to survey conducted by world bank?
Select correct option:
10%
30%
60%
80%

Question:
What was the mean age of an enterprise in Pakistan if the mean age of an entrepreneur is 42 years, according to a survey conducted by World Bank?
Select correct option:
14 Years
16 Years
18 Years
None of the given option

Question:
How many major changes an entrepreneur of a small business can bring in the industry?
Select correct option:
3
4
5
6

Question:
Which of the following can be assessed by cash flow statement?
Select correct option:
Amount required for depreciation
Withdrawal of amount for personal use
Generation of positive cash flows
Need of cash for procurements



Question:
What is the average mean age of entrepreneur of Pakistan according to a survey conducted by World Bank?
Select correct option:
40 Years
43 Years
45 Years
None of the given options

Question:
Which of the following topic/s has/have pivoted importance for short to medium term issues?
Select correct option:
Delivery of Assistance and Access to Resources
Business Environment
Monitoring Developments
All of the given options

Question:
What kind of business transaction was reported in the first written material available on small business?
Select correct option:
Purchase of land for business
Loan from bank for business
Purchase of machinery for business
Purchase of machinery for business

Question:
Who is the secretary general of National Planning Committee (NPC) developed in 1938?
Select correct option:
MR . K.T. Shah
MR . K.Y. Shah
MR . K.S. Shah
MR . K.K. Shah

Question:
Which of the following year was considered as starting period of industrialization in Pakistan?
Select correct option:
1947
1950
1955
1960

Question:
Which of the following is an external source of information for new product idea?
Select correct option:
Analysis of concepts in the light of existing problems
Search of memories to find information related to the concept
Newspapers, trade journals, professional journals
Recombining the elements found in new and useful ways


Question:
Which of the following term is defined as: “The initial equity capital used to start a new venture or business”?
Select correct option:
Value Capital
Working Capital
Seed Capital
Gross Capital

Question:
What kind of management level training is required for SME a sector that is not provided by Pakistan institute of Management Sciences (PIMS)?
Select correct option:
Top Level Management
Middle Level Management
Low Level Management
Corporate Level Management


Question:
What was the outcome due to which the SME policy adopted by Pakistan in 1960 was rejected and was reverting to the Ayubian model of economic development?
Select correct option:
Inefficient labor
Political Instability
Society injustice
Technological revolution


Question:
Which of the following term is defined as: “The initial equity capital used to start a new venture or business”
Select correct option:
Venture Capital
Seed Money
Seed Capital
All of the given options

Question:
Which of the following is the MOST important parameter to declare a business as a small business?
Select correct option:
Number of workers
Share in the economy
Business turnover
Total assets

Question:
According to Gallup survey 2001, which of the following factor is responsible for the decline of export in Pakistan?
Select correct option:
Infrastructure
Law and order
Taxation
Literacy

Question:
UNIDO stands for:
Select correct option:
United Nation Industry and Development Organization
Universal Network Industry and Development Opportunity
United Nations Industrial Development Organization
Universal Network Institute of Development Opportunity

Question:
Which one of the following is NOT used as parameters to declare a business as a small business?
Select correct option:
Share in the economy
Resources control
Capacity of production
All of the given options

Question:
Which of the following titles represents the United Kingdom model for the development and improvement of SME sector?
Select correct option:
Protect Small First
Think Small First
Develop Small First
Design Small First

Question:
What kind of resource utilized by small business as compare to large business?
Select correct option:
Primary Resources
Secondary Resources
Macro Resources
Surplus Resources

Question:
In technical feasibility, you can identify all of the following critical technical specifications EXCEPT:
Select correct option:
Durability
Reliability of performance
Safety
Sales volume and profitability

Question:
How many industrial estates were developed by Punjab Small Industries Corporation (PSIC)? (as per survey 2001)
Select correct option:
10
14
18
22

Question:
Which of the following can be abbreviated as ILO?
Select correct option:
International Labour Order
Industrial Legal Order
Industrial Labour Order
International Labor Organization

Question:
How many SMEs are the members of business associations?
Select correct option:
50%
52%
54%
56%

Question:
IMF stands for:
Select correct option:
International Monetary Forecast
International Monetary Finance
International Monetary Fund
International Monopoly Function

Question:
Which of the following enlists the 12 common barriers in the path of entrepreneurship?
Select correct option:
Vesper
Weber
Wilson
Vickie

Question:
Due to lack of experience, an entrepreneur may face all of the following post operative problems EXCEPT:
Select correct option:
Unfamiliarity in product or services line
Control over sales force
Inappropriate marketing strategy
High production costs

Question:
According to Viet Nam a business is said to be a small business if capital involved is less than US $ 0.4 million and number of employees are ___________.
Select correct option:
Less than 10
Less than 50
Less than 150
Less than 200

Question:
EPB stands for:
Select correct option:
Employee Promotion Bureau
Export Producing Benefits
Employee Pension Benefits
Export Promotion Bureau

Question:
In which year Small & Medium Development Authority (SMEDA) was established?
Select correct option:
July, 1994
August, 1988
October, 1998
December, 2001

Question:
What kind of resource utilized by small business as compare to large business?
Select correct option:
Primary Resources
Secondary Resources
Macro Resources
Surplus Resources

Question:
Which of the following is NOTa financial institution developed to promote SME in Pakistan?
Select correct option:
Small Business Fund Corporation (SBFC)
Youth Investment Promotion Scheme (YIPS)
Regional Development Finance Corporation (RDFC)
Industrialized Development Bank of Pakistan (IDBP)

Question:
Government of Pakistan, according to which “a business with employment size up to 250, paid up capital up to 25 million and annual sales up to 250 million is said to be small and medium business” coins the latest definition. In which year this definition has coined:
Select correct option:
SME Policy 2002
SME Policy 2004
SME Policy 2005
SME Policy 2007

Question:
Which of the following sector is most affected by poor electricity infrastructure and is not able to sustain?
Select correct option:
Micro Sector
Small Sector
Medium Sector
Large Sector


Question:
According to which country an industry will be a small industry if the number of employees is less than 10?
Select correct option:
USA
Russia
France
Japan



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