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MGT601 SME MCQs with reference.

Attachments:

“Rent of the shop” is an example of which of the following?

Fixed cost page 67 Variable cost

Selling Price Breakeven Point

Which of the following is the first stage in new product development?

Idea generation page 88 Idea screening

Concept development Concept testing

Current ratio is the relationship of current assets and current liabilities, how these two terms are related?

Current assets ÷ current liabilities google

Current assets × current liabilities

Current assets + current liabilities

Current assets – current liabilities

Which of the following is the correct sequence of different stages of product life cycle? I. Maturity II. Decline III. Introduction IV.

Growth

I, II, III, IV

III, I, IV, II

III, IV, I, II page 86

Which of the following is not the document that comes under ISO 9000?

ISO 9001 ISO 9002

ISO 9003 ISO 9005 page 82

Which of the following requires participating companies to keep track of their raw material use and their generation, treatment and

disposal hazardous wastes?

ISO 8004 ISO 14000 page 82

ISO 9000 ISO 9001

Statistical process control system is best applicable in which of the following processes?

Manufacturing page 80 Services

Trading Export

Which of the test is more suitable to select a mechanical craftsman?

Personality test Aptitude test

Achievement test page 74 Intelligence test

Which of the following is a cost which remains fix in total but varies per unit of sales?

Variable cost Selling Price

Fixed cost page 67 Breakeven Point

Until 2000, how member countries have maintained 390 MFN (Most Favorite Nation) exemptions in WTO?

78 79 page 103 80 81

Following are different state institutions that can provide assistance in the activities of marketing EXCEPT:

Export Promotion Bureau

Export Promotion Zone Authority

Small & Medium Enterprise Development Authority

Federal Board of Revenue page 88

Quality of materials, form, appearance, functions of a product is related with which of the following?

Design Quality page 80 Manufacturing Quality

Productive Quality All types of qualities

Which of the following is the expressed form of SPC?

Standard Process Control

Statistical Process Control page 80

Standard Product Control

Statistical Procedure Control

Which of the following factors is NOT necessary to obtain quality control?

Raw Materials Vender Relation

Process Control Unreliability page 80

Which of the following is/are a/the source/s of financing or funds?

Net Trade credit Commercial loans

Long Term loans All of the given options page 51

Cost – volume Relationship is an important feature for the success of a product. This feature is studied under which area of a feasibility

study?

Technical Customer

Market page 47 Technology

The information about cash flow of operations and transactions is presented under which of the following parts of a business plan?

The Business The Market page 61

The Financial Projections Organization and Management

Which of the following CANNOT be accessed by performance appraisal?

Traits Behaviors

Task outcomes Attitudes gogole

Which of the following is the expressed form of ISO?

Internal standard operations

International standard organization page 38

International support organization

Internal standardized operation

Which of the following is the most frequently used as a source for information about performance?

Peers Subordinates google

Customers managers

According to a World Bank survey (2002), how much SMEs are optimistic to grow in next 2 years?

28% page 89 32% 34% 36%

Which of the following is the expressed form of DFI?

Direct foreign investment Default financial institution

Default federal institute Direct foreign information

Pakistan has submitted two MFN exemptions lists to protect its two important sectors. The two sectors are

Pharmaceutical and banking services

Telecommunications and textile

Telecommunications and banking services page 103

Pharmaceutical and textile

Which of the following term defined as; “It is a method by which the performance of an employee is evaluated (generally in terms of quality,

quantity, cost and time)”?

Performance appraisal google

Employee appraisal

Employee evalution

All of the given options

What required for a company to do in statement “it involves identifying and describing what is happening on a job”?

Job analysis

Job specification

Job description page 72

Job evaluation

Which of the following products can be said to be at the introduction stage of PLC (data as per December 2008)?

Digital televisions

Palmtop mobiles

Video cassettes

Digital cameras

Which of the following is a good example of capital-intensive industry?

Deep-shaft coal mininggoogle

Agricultural Industry

Robotics Industry

Hospitality Industry

Which of the following can be defined as “Immediate payments made by customer/importer to the seller/exporter by presenting correct

documents in the required time frame?

Sight LC google

Insight LC

Revocable LC

When “Employee Handbook” is provided to the employee by the company?

At the point of Employee Test

At the point of Interview

At the point of Orientation page 74

At the point of Screening

"Control of Finished Products" is related to which of the following?

Control of Quality page 81

Breadth of Scope

Design Quality

Manufactured Quality

How many standards are included in a comprehensive series of ISO-14000?

4

5 page 82

6

7

With the help of personality test employer examines the following traits of candidate EXCEPT:

Creativity

Curiosity

Reasoning page74

Flexibility

Which of the following test conducted for employment to test traits like self-confidence, sociability, flexibility, creativity, and curiosity?

Personality test google

Aptitude test

Intelligence test

Achievement test

Pakistan has submitted two lists of MFN (Most Favorite Nation) Exemptions to WTO. In which years, Pakistan has submitted those lists?

1996 and 1997

1997 and 1998 page 103

1998 and 1999

1999 and 2000

Which of the following is NOT available in job description?

Job content

Job environment

Abilities required page 72

Conditions of employment

What is the sound liquidity ratio in term of net working capital?

1:2

2:1 page 69

1:1

1.5:1

Which of following is the service provided by Industrial and Technological Information Bank?

Financial assistance

Information Dissemination page 92

Industry and technology evaluation

Feasibility study and assessment

Ali now has the buying power to purchase the computer system he has wanted for the last three months. Ali’s want is replaced with which of

the following?

Need google

Necessity

Demand

Satisfies

Which of the following trait is measured by personality test?

Reasoning

Analysis

Skills

Curiosity google

The primary output of the strategic management process should be:

A matching of its strengths and weaknesses to the opportunities and threats in the environment.

An invitation to outside investors and lenders to put money into the business.

A complete explanation of the company's product or service.

A description of the company's competitive situation.

_Law governs the rights and the obligations between people and the parties, they made promises to or agreements with.

Agency

Contract

Freedom of contract

UCC (Uniform Commercial Code google

Mr. A is looking for capital to purchase new buildings, equipment and furniture . He is looking for __capital.

Working

Fixed google

Growth

Asset-based

Equity capital is also called:

Equity money

Stock money

Risk capital

None of the above

A proforma financial statements means:

Looking at the current financial statements

Looking at the past financial statements

Preparing current financial statements

Preparing projected financial statements google

The grapevine in most organizations is:

Almost always incorrect in its content. google

Nonexistent in organizations where management communicates face to face and by memo.

The first place employees hear about major organizational changes.

Only used by troublemakers and gossipers within the organization.

According to a World Bank survey (2002), which of the following facts from marketing perspective is NOT correct?

28% of SMEs are optimistic to grow in the next 2 years page 89

Credit customers are 50 % and it is growing rapidly

Mostly small enterprises work for domestic needs

Only 8% of SME are working in export sector

Typically, factoring is less expensive than bank and commercial finance company loans

True

False google

Pakistan's economy is an economy of _____ SME’s page 5

Percentage taken by the bank for discounting receivables is called_ Discount Rates page 64

Working Capital Requirement Formula = Operating Expenses in Previous year/

Number of operating cycles in year page 70

ISO 9000 __is an overview Document, which provide guideline for use and

selection of other standards. Page 82

GATT stands for __ General Agreement on Tariffs and Trade google

WIPO stands for World Intellectual Property Organisation.

SBP: State Bank of Pakistan

MOIP: Ministry of Industries and Production

S&D: Special and Differential

ECO: Economic Cooperation Organization

GNP: Gross National Product

LDC’s: Least-Developed Country

PNAC: Pakistan National Accreditation Council

OECD: Organisation for Economic Co-operation and Development

ITP: Import Trade Price

ADB: Asian Development Bank

CBR: Central Board of Revenue

BMR: Below Market Rate

MFA: Multi Fiber Agreement (textile trade)

ATC: Agreement on Textiles and Clothing

DSB: Dispute Settlement Body (World Trade Organization)

Technical Barriers of Trade (TBT)

Sanitary and Phytosanitary Standards (SPS),

Q3.horizontal commitment & sector -specific commitment difference?

The Sector- Specific Commitments cover 47 activities within the business, communications, construction/engineering, health, financial and

tourism/travel services. The GATS agreement recognizes 12 main sectors for the purpose of classification of services are as follows.

1. Communication. 2. Financial.

3. Construction/Engineering. 4. Health.

5. Tourism/travel. 6. Distribution.

7. Education. 8. Environment.

9. Recreation/culture. 10. Sporting.

11. Transport. 12. Others.

The Horizontal Commitments of Pakistan, that is, commitments that apply to all sectors, relate to “commercial presence” or “presence of

natural person”. Pakistan’s commitments regarding “commercial presence” are subject to incorporation in Pakistan with maximum foreign

equity of 51% unless different percentage is inscribed against a particular sector or sub-sector.

what do u understand by dumping and anti-dumping terms and how WTO deals with issue? 3 Marks

In economics, "dumping" can refer to any kind of predatory pricing. However, the word is now generally used only in the context of

international trade law, where dumping is defined as the act of a manufacturer in one country exporting a product to another country at an

unfairly low price.

An antidumping duty is supposed to be set equal to the margin of dumping, defined as the difference between fair value and the actual

sales price.

Agreement on Anti-dumping provides the right to the contracting parties to apply anti-dumping measures, i.e. measures against imports of a

product at an export price below its “normal value” if such dumped imports caused injury to a domestic industry.

what are the steps taken by Government to meet the requirement of non-tariff barriers (NTBs) agreement? 3 Marks

1- The manufacturing techniques must be carefully selected so as to insure that the resultant products do not cause any harm to human,

animal or plant life or health.

2- The exporters need to carefully study the laws and regulations of the importing countries and their likely impact on the exports.

3- The exporters should maintain an effective interaction with their counterpart associations etc. in the importing countries.

U can not serve a big market unless u divide whole market into small segment. What criteria u must consider for good

segmentation? 3 Marks

Good segmentation must meet the following criteria:

a) Needs of customs must be both identifiable and measurable.

b) Firm must have the capacity to develop products that will satisfy the customer’s choice in the particular segment.

c) The segment must be economically worthwhile.

As an enterenpure of a manufacturing unit u are mainting quality statisticaql process conntrol. How it work and give definition? 5

Marks

Statistical Process Control or SPC is a method for achieving quality control in manufacturing processes. SPC relies on measuring variation

in manufacturing output and setting control limits based on observations of variations arising solely from common causes. A process that is

"in control" is expected to generate output that is within the control limits. If the process produces an "out of control" point, one would not

necessarily assume the process had moved to an "out of control" state but would try to locate the special cause(s) for this condition. Only if

special causes could not be found would an assumption be made that there might be new common causes to be identified. One aspect of

process quality improvement is achieved as these common causes are found and corrected - special causes have no bearing on the overall

quality improvement process.

what Govt of Pak. has done for the implementation of TRIP's.

Pakistan is committed to fulfilling TRIPs obligations, for which five laws have been promulgated. The Government had announced, in Trade

Policy 200-03, establishment of umbrella organization PIPRO for improving the administration and enforcement scenario, but necessary

legislation for PIPRO to start functioning, is still pending.

-what sources of information can be used to introduce a new product 5 marks

1. Necessity

2. Hobbies/ Personal Interest

3. Watching Trends in Fashions and Customs

4. Observing Other’s Deficiencies

5. Gap Filling

6. Novel Use of Known Products

7. Ancillarisation

-difference between design qulaity and manufactured quality 5 marks

These are not the same thing.

Quality of design criteria

 How attractive is a product to its target market?

 How well chosen are its materials and components?

 How easy is the product to manufacture and maintain?

Quality of manufacture

Enterprises have to deal with ____fifty six (56) labor laws _____page34

Trade unions are

? Secondary sources of market information page 48

? Helpful in identifying market potential

? Primary sources of market information

? None of the mentioned

WEBCOP stands for ___ Workers Employers Bilateral Council of Pakistan (WEBCOP). Page34

Generally, every organization face__two______ types of competition

a) Direct competition from similar products.

b) Indirect competition from substitutes.page52

In year 1959 ____________replaced the terms management and organization for

entrepreneur

? Huge Aitken

? David McClelland

? Herbison and Meyer

? Collier Mac Millan

Ref:In the year 1959 her Bison and Meyers replaced the terms with “management” and “organization” for entrepreneurship

page 8

The most common form of business ownership is the:

? Small scale business

? Partnership.

? Corporation.

? S-corporation

Competition analysis must seek

? To identify potential competitors

? Specific advantage enjoyed by the purpose venture

? Both options mentioned

? None of the mentioned

Ref: Competition analysis must seek to identify potential competitors, the strategies adopted by them and their impact on

proposed enterprise, specific advantages enjoyed by the purpose venture and formalization of strategy in consonance with

these advantages. Page 52

Capital problem of an enterprise after start operating is _____________estimation of capital

________describe an economy in which local small business was virtually being the only

economic entity

? Adam smith

? Hammurabi

? Alfered Marshall

? Robbins

Changes in government policies is a/an _______for a new enterprise

? Capital problem

? Environmental problem page 54

? Government regulations problem

? Production problems

“Real estate” relates to which of the following type of small scale business

? Public utilities

? Services

? Whole sale business

? Retailing

In search of new ventures entrepreneurs explore both internal and external resources, the

external resources are

? Newspapers, trade journals, professional journals etc.

? Government agencies

? Ideas put forth by others

? All of the mentioned page 44

________ is considered to be the landmark in the history of SME’s

PRSP stands for Poverty Reduction Strategy Paper (PRSP) page 29

Punjab small industries corporation (PSIC) was established in__1972________ page 21

Mgt601 2nd quiz 5/dec/2012

Q1-There are too many laws regarding labour force in Pakistan, causing problems for SMEs. How

many basic laws were proposed to simplify and rationalize the existing labour laws

SIX page34

Q2-The Codes of Hammurabi, the sixth Babylonian king, are well-preserved Babylonian law code

regarding business and still exit in museum. There are how many codes of Hammurabi?

300 ref: ppt slide lec#1

Q3-Which of the following can be abbreviated as PEPA?

?????????????????

Q4-Following are the financial institutions developed to promote SME in Pakistan EXCEPT:

Small Business Fund Corporation (SBFC)

Youth Investment Promotion Scheme (YIPS)

Regional Development Finance Corporation (RDFC)

Industrialized Development Bank of Pakistan (IDBP)

Q5-To start a business, any thing like cash or asset that you have arranged by personal pool fund

is called _______________.

quity

Loan

Liability

Expense

Q6-How many craftsman colonies were developed by Sindh Small Industries Corporation (SSIC)?

(as per survey 2001)

SIX craftsman colonies page 22

Q7-Which of the following termed is acronym as NEQS?

National Environmental Quality Standards google

Q8-The crucial objective of entrepreneur is having ......in work.

Q9-How many years ago the first piece of writing about the small business was discovered?

4000 YEARS AGO page 1

Q10-Cost – volume Relationship is an important feature for the success of a product. This feature

is studied under which area of a feasibility study?

MARKET FEASIBILITY page 48

Q11-Pakistan’s economy heavily depends on the……

Q12-Source of Information for a developing country like Pakistan are very rare. How many SMEs

associated with different trade union and associations use them as an important source of

information?

Q13-Which of the following is the indigenous product of Pakistan?

Kinno page42

Software

Dates

Dairy Product

Q14-Which of the following is true about today’s global economy? Knowledge Based Economy

Q15-The rate of interest charged for soft loan is at _____________

Below market rate

Q16-SMEs are considered as engines of.........growth in both developed and developing countries.

Economic

Q17-Which of the following enlists the 12 common barriers in the path of entrepreneurship?

Vesper

Q18-Which of the following is an external source of information for new product idea?

Newspapers, trade journals, professional journals

Q19-Which of the following is the MOST important parameter to declare a business as a small

business?

Number of workers

Q20-In recent years, per worker productivity of Pakistani labour force has decreased up to what

percent as compared to India?

25% page 34

Ref:The evidence reveals that median labor productivity, as measured by annual value added per worker, is 25 percent lower

in Pakistan than in India and 35 percent lower than in china.

In recent years, per worker productivity of Pakistani labour force has decreased up to what percent as compared to China's

per worker productivity?

25%

30%

35% page 34

40%

Ref: The evidence reveals that median labor productivity, as measured by annual value added per worker, is 25 percent

lower in Pakistan than in India and 35 percent lower than in china.

NGO stands for……

Non-governmental Organisation page 26

Non-government Organisation

Non-governed Organisation

Non-govern Organisation

The reaction to that policy mix in the early 1980’s was reverting to the Ayubian model of economic development. The model

was characterized except

Banking sector turned to cater to large loan

Expansion of large-scale enterprises

Expansion of small-scale enterprises page18

Promotion of large-scale units

Which of the following countries are the main contributing countries of program “Technical Cooperation among Developing

Countries (TCDC)”?

China, Sri Lanka, Singapore and Indonesia page37

China, Pakistan, India and Indonesia

Japan, Sri Lanka, India and Indonesia

Japan, Pakistan, Singapore and Indonesia

Which of the following is the expressed form of IPR?

Interactive Policy Review

Intellectual Property Rights page 42

International Piracy Regulation

Illegal Protection Report

Imitating entrepreneurs depend on the.....

government

private firms

developing countries

advanced countries

If you are facing great resistance from your family members and friends in starting a shoe manufacturing business and they

are arguing that this business is against our status or tradition then what kind of barrier they are offering?

Golden Handcuffs

Lack of business know-how

Distracter

Social Stigma page 13

According to research conducted in MIT, Harvard University, USA, following are the main objectives for a technology

entrepreneur EXCEPT:

Creating something novel and useful

Creditability page 9

Building long-term value

Freedom

What kind of resources are utilized by small businesses as compare to large ones?

Primary Resources

Secondary Resources page 3

Macro Resources

Surplus Resources

Which of the following is/are the result/s of implementation of Ayubian model of economic development during 1980s?

Promotion of large-scale units

Expansion of large-scale enterprises

Large loans offered by financial institutions

All of the given options page 18

In recent years, which of following country has lowest per worker productivity?

India

Pakistan page34

China

All are at same Level

Which of the following abbreviated as LCCI?

Lahore Chamber of Commerce and Industry page 7

Labour Council of Correspondence and Interaction

Local Council of Commerce and Investment

Legal Chamber of Correspondence and Interaction

Which one of the following parameters is considered in declaring a business as a small business?

Share in the economy

Number of competitors

Resources control

Volume of production page 4

What is the contribution of SME sector in the GDP of Pakistan according to economic survey 2002-3?

Over 30% page 28

Less than 10%

More than 70%

Facts are not available

UNIDO stands for:

United Nation Industry and Development Organization

Universal Network Industry and Development Opportunity

United Nations Industrial Development Organization google

Universal Network Institute of Development Opportunity

Which one of the following entrepreneurs duplicates existing activities and put them into practice without any

expenditure on research?

Innovating entrepreneurs

Imitating Entrepreneur page 12

Fabian Entrepreneurs

Drone Entrepreneurs

What is the percentage of new investment is generated by small and medium enterprises came from retained

earning?

40%

49%

57% page 35

63%

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

1998

2000 page 23

2001

2002

In which year Small & Medium Development Authority (SMEDA) was established?

Select correct option:

July, 1994

August, 1988

October, 1998 page 25

December, 2001.

Following are the main functions of Punjab Small Industries Corporation (PSIC) EXCEPT:

Technology transfer

Vocational infrastructure

Financial assistance

Entrepreneurial Development

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?

Production page 54

Capital

Customer

Sale

How the large and small sectors are interlinked?

By fostering changes

By subcontracting page 4

By sharing risk

By serving the same market

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)?

Lahore Chamber of Commerce

SME Bank

Ministry of Trade

SMEDA

Which of the following titles represents the United Kingdom model for the development and improvement of SME sector?

Protect Small First

Think Small First page 31

Develop Small First

Design Small First

Which one of the following is NOT used as parameters to declare a business as a small business?

Share in the economy page 4

Resources control

Capacity of production

All of the given options

What is the percentage of those entrepreneurs whose get formal college education, according to survey conducted by world

bank?

Select correct option:

10%

30% page 14

60%

80%

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?

14 Years

16 Years

18 Years

None of the given option page 14

How many major changes an entrepreneur of a small business can bring in the industry?

3

4

5 page 12

6

What is the average mean age of entrepreneur of Pakistan according to a survey conducted by World Bank?

40 Years

43 Years

45 Years

None of the given options page 14

Which of the following topic/s has/have pivoted importance for short to medium term issues?

Delivery of Assistance and Access to Resources

Business Environment

Monitoring Developments

All of the given options page 27

What kind of business transaction was reported in the first written material available on small business?

Purchase of land for business

Loan from bank for business page01

Purchase of machinery for business

Purchase of machinery for business

Who is the secretary general of National Planning Committee (NPC) developed in 1938?

MR . K.T. Shah page01

MR . K.Y. Shah

MR . K.S. Shah

MR . K.K. Shah

Which of the following year was considered as starting period of industrialization in Pakistan?

1947

1950

1955

1960 page 18

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 google

Gross Capital

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?

Inefficient labor page 18

Political Instability

Society injustice

Technological revolution

In technical feasibility, you can identify all of the following critical technical specifications EXCEPT:

Durability

Reliability of performance

Safety

Sales volume and profitability page 47

How many industrial estates were developed by Punjab Small Industries Corporation (PSIC)? (as per survey 2001)

10

14 page 21

18

22

Which of the following can be abbreviated as ILO?

International Labour Order

Industrial Legal Order

Industrial Labour Order

International Labor Organization google

IMF stands for:

Select correct option:

International Monetary Forecast

International Monetary Finance

International Monetary Fund google

International Monopoly Function

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 page 5

Less than 150

Less than 200

EPB stands for:

Select correct option:

Employee Promotion Bureau

Export Producing Benefits

Employee Pension Benefits

Export Promotion Bureau page 28

Which of the following is NOTa financial institution developed to promote SME in Pakistan?

Small Business Fund Corporation (SBFC)

Youth Investment Promotion Scheme (YIPS)

Regional Development Finance Corporation (RDFC)

Industrialized Development Bank of Pakistan (IDBP)

 Hawa thanks for sharing 

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 page 2

Japan

When National Planning Committee (NPC) was developed?

1935

1936

1937

1938 page 1

The rate of interest charged for soft loan is at _______________.

Below market rate page 7

Above market rate

Twice the market rate

Zero present rate

Question # 4 of 15 ( Start time: 07:52:12 PM ) Total Marks: 1

Which model of SME was replicated in 1988?

Select correct option:

Indian Model of Economic Development

USA Model of Economic Development

Japanese Model of Economic Development

Ayubian Model of Economic Development

With which of the following ministries SMEDA is directly attached?

Ministry of Commerce

Ministry of Economic Affairs & Statistics

Ministry of Industry and Production page 29

Ministry of Planning & Development

Which of the following is the expressed form of PCSIR?

Pakistan Centre of Systematic and Institutional Research

Pakistan Council for Scientific and Industrial Research page 38

Pakistan Commission for Skill and Instructional Record

Pakistan Core Scientific Information Resources

In which city the head office of Regional Development Finance Corporation (RDFC) is located?

Islamabad page 23

Lahore

Karachi

Sailkot

Which one of the following is the expressed form of BOI?

Board of Investment page 28

Board of Investigation

Broad Opportunity of Investment

Bureau of Inquiry

To which category SME belongs if the number of employees is not more than 50, total assets up to 50 million and sales not

exceeding Rs. 300 million.

Manufacturing

Trading/Services

Industry

Exporting

What kind of link is occurred between small and business sectors IF some of all the material is procured by the small unit

who manufactures a specific part needed by large company?

Select correct option:

Merchandising

Purchase sub-contracting page 04

Complementary products

Job sub-contracting

What type of industry it will be if number of employees ranges from 36 to 99 and productive assets ranges from 20 to 40

million?

Micro

Small

Medium page 2

Macro

When you submit an application for a loan, credential that introduces your business to the bank has a form called “Form-29”.

Under which condition you will provide this form to the bank.

In case of Sole Proprietorship

In case of Private Limited Company

In case of Cooperation

In case of Partnership

Which of the following is NOT available in job description?

Job content

Job environment

Abilities required page 72

Conditions of employment

Which of the following problems is/are served as hurdle in the development of SMEs in Pakistan?

56 Labours Laws

Labour Inspections

Exporter’s Reservation regarding Labour

All of the given options page 34

In which year “Environment Protection Ordinance” in Pakistan has been enacted.

1993

1995

1997 google

1999

All of the following are the problems that can be faced by an businessmen during the construction phase EXCEPT:

Acquisition of land

Acquisition of machinery

Prospecting about marketing

Poor location page 52

For what purposes the activity of performance appraisal is NOT done in an organization?

To punish employee page 78

To motivate employee

To evaluate employee

To give reward to employee

What is the maximum limit of loan that Punjab Small Industries Corporation (PSIC) can issue? (As per survey 2001)

5 Lac

7.5 Lac page 21

10 Lac

12.5 Lac

_____________________ is a business term means an extraordinary event or circumstance beyond the control entrepreneur

such as war, strike, crime, flood, earthquake which prevents him from continuing the business.

Force Majeure

Force Mortigue

Force Montague

Force Meringue

In which year first appropriate definition of small business was introduce by an Indian?

1935

1940 page 01

1945

1950

Which of the following can be assessed by cash flow statement?

Amount required for depreciation

Withdrawal of amount for personal use

Generation of positive cash flows

Need of cash for procurement

How many labor laws that exist in Pakistan to control the labor issues?

50

52

54

56 page 34

Which of the following is an expressed form of YIPS?

Youth Investment Promotion Scheme page 06

Youth International Project Scheme

Youth Information Platform Sector

Youth Inclusive Program System

All of the following are the components managed under “Operational Expenditure” heading during the preparation of

Financial Requirement Statement EXCEPT:

Material

Rent, Interest

Insurance, Taxes

Patents page 49

The acronym UNDP stands for:

United Nation Diagnostic Plan

United Nation Development Program page 37

United Nation Dynamic Profile

United Nation Democratic Proposal

What kind of an entrepreneur will he/she be, IF he/she follows the old traditions, avoids risk taking and responds to change

only in situations where it becomes necessary to do so?

Innovative

Imitating

Fabian page 12

Drone

Which of the following term is used for the head of board of directors of Punjab Small Industries Corporation (PSIC)?

CEO of PSIC

Governor of Punjab

Chief Minister of Punjab

Minister of Planning and development, Punjab

The relationship between government and SME seems to be fundamentally flawed due to which of the following reason/s?

Government under estimates potential of SME sector

Policy makers have preference towards large-scale industry

Implementation is not a continuous process

All of the given options

Which of the following can be expressed as PITAC?

Pakistan Industrial Technical Assistance Center page 38

Pakistan Industrial Technological Aid Council

Pakistan Industrial Training Aid Commission

Pakistan Industrial Teaching Association Council

Following are the financial institutions developed to promote SME in Pakistan EXCEPT:

Segmented Business Fund Corporation (SBFC) page 23

Youth Investment Promotion Scheme (YIPS)

Regional Development Finance Corporation (RDFC)

Industrial Development Bank of Pakistan (IDBP)

In which year World Bank had conducted a survey in Pakistan about SMEs.

2000

2001

2002

2003

What is the debt equity ratio for loan up to Rs. 7.5 Lac in Punjab Small Industries Corporation (PSIC)? (as per survey 2001)

80:20

70:30 page 21

60:40

50:50

Who introduced the first ever business laws to protect the customers from unscrupulous

traders?

Hummurabi page 01

Samsu-Iluna

Shamshi Adad

Sin-muballit

Following are the main internal factors for an entrepreneur described by Albert Shapiro

in his psychological analysis EXCEPT:

Vision

Determination

Decision making power

Fate

Following are the different functions an innovative entrepreneur performs EXCEPT:

Launches new products

Discovers new markets

Establishes new methods of production

Duplicate the technology page 12

Following are the factors that promoted the trend of development of SME in Pakistan

during 1980s EXCEPT:

High level financing

Uneven profit distribution

Technological revolution

Monopoly of resources

Under what condition an entrepreneur enjoys extra time favor from bank or government

to fulfill the requirements of the contract?

Force Majeure

Fraud

Bankrupt

None of the given options

Following are the basic reasons behind low tax base in Pakistan EXCEPT?

High cost of book keeping

Harassment of tax authorities

Non cooperative role of CBR

High physiological cost

While making different strategies for socio-economic development, which of the

following is at the top priority of Government of Pakistan?

Poverty Reduction Strategy Paper (PRSP)

Micro Finance Sector Development Program

Reform of Financial Sector

Reforms in Tax Administration

Which of the following can be defined as: “The additional value of a commodity over the

cost of commodities used to produce it from the previous stage of production”?

Value Added

Value Imbedded

Value Extracted

Value Injected

Question No: 11 ( Marks: 1 ) - Please choose one

Which of the following is correct regarding per worker productivity?

Pakistan < India < China page 34

China < India < Pakistan

Pakistan < China < India

India < China < Pakistan

Which of the following is NOT a main hurdle for the up-gradation of technology, in

Pakistan?

Inadequate R&D facilities

Lack of skills & experience

Insufficient information on technological cooperation obstacle

Abundance of appropriate metrology and testing equipments page 38

Which of the following has biggest scope in term of capital and asset?

Sole Proprietorship

Partnership

Private Limited Company

Public Limited Company

In “Financial Requirement Statement”, you keep some amount in reserve as safeguard

against possible losses. Under which of the following heading you will show this amount

in the statement?

Contingency Fund

Miscellaneous Fund

Adversity Fund

Concealed Fund

The personal credentials that will be attached with loan application may include all of the

following EXCEPT:

Brochure of Business

Your Profile

Family Information

Previous Lending History

In a bank loan application, your personal profile has a document called “CV”. What does

it stands for?

Curriculum Vitae page 58

Customer Verification

Client Validity

Computerized Valuation

Which of the following is defined as “A formal statement of a set of business goals, the

reasons why they are believed attainable, and the plan for reaching those goals”?

Business Plan google

Business Strategy

Business Forecast

Business Sketch

According to which country, an industry will be a small industry if the number of

employees is less than 100?

USA page 02

Russia

France

Japan

According to Singapore, a business is said to be a small business, if capital involved is

less than US $ 85 million and number of employees are ___________.

Less than 100 page 05

Less than 50

Less than 200

Less than 150

In which year, Sindh Small Industries Corporation (SSIC) was established?

1970

1972 page 22

1974

1976

Which of the following is the key change in SMEDA after restructuring?

One Window Operations

Lengthy Legal Documentations

Unilingual Documents

Conversion of Sectors into Industry

Which of the following is NOT the basic reason in the improvement of tax base?

High tax rate

High cost of book keeping

High bargaining role of tax collector

High cost of consultancy

o

Which one of the following statements is TRUE about the HR institutions developed to

train the workforce?

There is mismatch between the output of these institutions and need of the SME

industry.

These institutions are fully aware of the needs of the SME industry.

The output of these institutions is fully capable to run the industry.

There is equilibrium between the demand of SME industry and supply of these

institutions.

Question No: 25 ( Marks: 1 ) - Please choose one

If you are interested in protecting a title, slogan, or other short word phrase, generally you

want which of the following?

Trademarks

Copyrights

Patents

All of the given options

Question No: 26 ( Marks: 1 ) - Please choose one

Following are the examples of intellectual property rights EXCEPT:

Copyright

Patent

Trademark

Brand Image

Question No: 27 ( Marks: 1 ) - Please choose one

Following are the activities related to cash outflow of a firm EXCEPT:

Depreciation

Dividend

Interest Payment

Tax

Question No: 28 ( Marks: 1 ) - Please choose one

A bank can reject your application for a short-term loan to meet your daily expenses.

Which of the following may be the least important factor for rejection?

Your negative cash flow

Non -availability of adequate security

Your shopping round activity

Less liquidity ability of an asset

Question No: 29 ( Marks: 1 ) - Please choose one

A bank raises some objection against your application for a short-term loan to pay the

salaries of employees. Which of the following may be the most important factor for

rejection?

Your shopping round activity

Too much cautious attitude for risk sharing

Mistrust on bank policy

Shorter due date of payable against receivable

Question No: 30 ( Marks: 1 ) - Please choose one

In the rental car industry, there is a practice in which automobile companies repurchase

their cars at a set price after a negotiated period of time. This practice is an example of

which of the following?

Buy Back Agreement

Sell Back Agreement

Purchase Return Agreement

Sell Return Agreement

The location of the business is especially important for what type of start-up businesses?

►Manufacturing.

►Service.

►Computer-based service.

►Retail

Question No: 2 ( Marks: 1 ) - Please choose one

A key characteristic of a successful entrepreneur is:

►Never hang failed.

►Expert technical knowledge of theproduct.

►Learning to fail intelligently.

►Earning at least a 25% return for investors.

Question No: 3 ( Marks: 1 ) - Please choose one

The key ingredient-the crucial element-to avoiding the failure of a new business is:

►The business plan.

►Knowing the business.

►Technical expertise regarding the product.

►Differentiating the business and product from the competition.

Question No: 4 ( Marks: 1 ) - Please choose one

The key to effective financial management in a start-up is:

►Excellent controls.

►The use of ABC accounting processes.

►Have sufficient start-up capital.

►Have an adequate inventory on hand.

Question No: 5 ( Marks: 1 ) - Please choose one

Which of the following is true about avoiding business failure?

►You must understand financial statements.

►You need to learn how to manage others.

►You must differentiate your product from the competition.

►You must do all of these.

Question No: 6 ( Marks: 1 ) - Please choose one

U.S. economic structure is moving:

►Away from agricultural to a industrial economy

►Away from an industrial to a knowledge-based one

►Back to agricultural economy

►Away from an agricultural to a knowledge-based one

Question No: 7 ( Marks: 1 ) - Please choose one

A knowledge based business economy favors small business because:

►The cost of managing and transmitting knowledge is very low

►Small businesses are more successful

►Information technology is driving cost of managing and transmitting knowledge lower

►Both a & c

Question No: 8 ( Marks: 1 ) - Please choose one

Money driven and wild risk takers are both:

►Common characteristics of entrepreneurs

►Entrepreneur’s techniques to success

►Common misconceptions of entrepreneurs

►None of the given options

Question No: 9 ( Marks: 1 ) - Please choose one

Small businesses are those that employ:

►More than 100 employees

►Fewer than 20 employees

►Fewer than 100 employees

►Number doesn’t matter not sure

Question No: 10 ( Marks: 1 ) - Please choose one

The most important change due to Expansion occurs in:

►Organizational structure

►Inventory and financial control procedures

►Managerial expertise

►Personnel assignments

In which year the restructuring of Small Business Finance Corporation (SBFC) was done?

Select correct option:

1998

2000

2001

2002

In which year Small & Medium Development Authority (SMEDA) was established?

Select correct option:

July, 1994

August, 1988

October, 1998

December, 2001.

Following are the main functions of Punjab Small Industries Corporation (PSIC) EXCEPT:

Select correct option:

Technology transfer

Vocational infrastructure

Financial assistance

Entrepreneurial Development

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

How the large and small sectors are interlinked?

Select correct option:

By fostering changes

By subcontracting

By sharing risk

By serving the same market

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

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

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

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 # 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

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%

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

How many major changes an entrepreneur of a small business can bring in the industry?

Select correct option:

3

4

5

6

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

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

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

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

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

Which of the following year was considered as starting period of industrialization in Pakistan?

Select correct option:

1947

1950

1955

1960

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

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

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

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

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

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

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

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

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

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

What kind of resource utilized by small business as compare to large business?

Select correct option:

Primary Resources

Secondary Resources

Macro Resources

Surplus Resources

What kind of benefits a small business can enjoy after an IPO process?

Access to the capital market

Increases incredibility

Exposure

All of the given options

If you are facing great resistance from your family members and friends in starting a shoe manufacturing

business and they are arguing that this business is against our status or tradition then what kind of barrier

they are offering?

Golden Handcuffs

Lack of business know-how

Distracter

Social Stigma

In recent years, which of following country has lowest per worker productivity?

India

Pakistan

China

All are at same Level

Which of the following abbreviated as LCCI?

Lahore Chamber of Commerce and Industry

Labour Council of Correspondence and Interaction

Local Council of Commerce and Investment

Legal Chamber of Correspondence and Interaction

Who is the secretary general of National Planning Committee (NPC) developed in 1938?

MR . K.T. Shah

MR . K.Y. Shah

MR . K.S. Shah

MR . K.K. Shah

Which one of the following parameters is considered in declaring a business as a small business?

Share in the economy

Number of competitors

Resources control doubt

Volume of production

What is the contribution of SME sector in the GDP of Pakistan according to economic survey 2002-3?

Over 30%

Less than 10%

More than 70%

Facts are not available

UNIDO stands for:

United Nation Industry and Development Organization

Universal Network Industry and Development Opportunity

United Nations Industrial Development Organization

Universal Network Institute of Development Opportunity

Which one of the following entrepreneurs duplicates existing activities and put them into practice without

any expenditure on research?

Innovating entrepreneurs

Imitating Entrepreneur

Fabian Entrepreneurs

Drone Entrepreneurs

What is the percentage of new investment is generated by small and medium enterprises came from retained

earning?

40%

49%

57%

63%

In which year the restructuring of Small Business Finance Corporation (SBFC) was done?

Select correct option:

1998

2000

2001

2002

In which year Small & Medium Development Authority (SMEDA) was established?

Select correct option:

July, 1994

August, 1988

October, 1998

December, 2001.

Following are the main functions of Punjab Small Industries Corporation (PSIC) EXCEPT:

Select correct option:

Technology transfer

Vocational infrastructure

Financial assistance

Entrepreneurial Development

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

How the large and small sectors are interlinked?

Select correct option:

By fostering changes

By subcontracting

By sharing risk

By serving the same market

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

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

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

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 # 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

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%

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

How many major changes an entrepreneur of a small business can bring in the industry?

Select correct option:

3

4

5

6

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

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

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

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

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

Which of the following year was considered as starting period of industrialization in Pakistan?

Select correct option:

1947

1950

1955

1960

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

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

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

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

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

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

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

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

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

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

What kind of resource utilized by small business as compare to large business?

Select correct option:

Primary Resources

Secondary Resources

Macro Resources

Surplus Resources

There are too many laws regarding labour force in Pakistan that causing problems for SME. It was proposed that

existing labour legislation be simplified and rationalized into how many basic laws?

Select correct option:

Six

Ten

Fifteen

Twenty

Question # 2 of 15 ( Start time: 11:40:41 PM ) Total Marks: 1

When you submit an application for a loan, credential that introduces your business to the bank has a form called

“Form-29”. Under which condition you will provide this form to the bank.

Select correct option:

In case of Sole Proprietorship

In case of Private Limited Company

In case of Cooperation

In case of Partnership

Question # 3 of 15 ( Start time: 11:41:11 PM ) Total Marks: 1

Which of the following is NOT available in job description?

Select correct option:

Job content

Job environment

Abilities required

Conditions of employment

Question # 4 of 15 ( Start time: 11:41:40 PM ) Total Marks: 1

Which of the following problems is/are served as hurdle in the development of SMEs in Pakistan?

Select correct option:

56 Labours Laws

Labour Inspections

Exporter’s Reservation regarding Labour

All of the given options

Question # 5 of 15 ( Start time: 11:42:09 PM ) Total Marks: 1

In which year “Environment Protection Ordinance” in Pakistan has been enacted.

Select correct option:

1993

1995

1997

1999

Question # 6 of 15 ( Start time: 11:42:33 PM ) Total Marks: 1

How the large and small sectors are interlinked?

Select correct option:

By foster changes

By risk sharing

By Merchandising

By serving the same market

Question # 7 of 15 ( Start time: 11:43:00 PM ) Total Marks: 1

If a person is evaluated high on many traits because of a belief that the individual is high on one trait. This

perception is affected by which of the following effects?

Select correct option:

Contrast

Dominance

Halo

Perceptual

Question # 8 of 15 ( Start time: 11:43:27 PM ) Total Marks: 1

All of the following are the problems that can be faced by an businessmen during the construction phase EXCEPT:

http://www.vustudents.net

Select correct option:

Acquisition of land

Acquisition of machinery

Prospecting about marketing

Poor location

Question # 9 of 15 ( Start time: 11:43:58 PM ) Total Marks: 1

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 # 10 of 15 ( Start time: 11:44:16 PM ) Total Marks: 1

For what purposes the activity of performance appraisal is NOT done in an organization?

Select correct option:

To punish employee

To motivate employee

To evaluate employee

To give reward to employee

Question # 11 of 15 http://www.vustudents.net ( Start time: 11:44:50 PM ) Total Marks: 1

What is the maximum limit of loan that Punjab Small Industries Corporation (PSIC) can issue? (As per survey

2001)

Select correct option:

5 Lac

7.5 Lac

10 Lac

12.5 Lac

Question # 12 of 15 ( Start time: 11:45:08 PM ) Total Marks: 1

_____________________ is a business term means an extraordinary event or circumstance beyond the control

entrepreneur such as war, strike, crime, flood, earthquake which prevents him from continuing the business.

Select correct option:

Force Majeure

Force Mortigue

Force Montague

Force Meringue

Question # 13 of 15 ( Start time: 11:45:30 PM ) Total Marks: 1

In recent years, how much per worker productivity of Pakistani labour force has decreased as compared to India.

Select correct option:

25%

30%

35%

40%

Question # 14 of 15 ( Start time: 11:45:46 PM ) Total Marks: 1

In which year first appropriate definition of small business was introduce by an Indian?

Select correct option:

1935

1940

1945

1950

Question # 15 of 15 ( Start time: 11:46:04 PM ) Total Marks: 1

Which of the following is/are the result/s of implementation of Ayubian model of economic development during

1980s?

Select correct option:

Promotion of large-scale units

Expansion of large-scale enterprises

Large loans offered by financial institutions

All of the given options

question # 1 of 15 ( Start time: 10:37:50 AM ) Total Marks: 1

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 # 2 of 15 ( Start time: 10:39:18 AM ) Total Marks: 1

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 procurement

Question # 3 of 15 ( Start time: 10:40:50 AM ) Total Marks: 1

In which year Small & Medium Development Authority (SMEDA) was established?

Select correct option:

July, 1994

August, 1988

October, 1998

December, 2001

Question # 4 of 15 ( Start time: 10:41:17 AM ) Total Marks: 1

How many labor laws that exist in Pakistan to control the labor issues?

Select correct option:

50

52

54

56

Question # 5 of 15 ( Start time: 10:42:03 AM ) Total Marks: 1

Which of the following is an expressed form of YIPS?

Select correct option:

Youth Investment Promotion Scheme

Youth International Project Scheme

Youth Information Platform Sector

Youth Inclusive Program System

Question # 6 of 15 ( Start time: 10:42:52 AM ) Total Marks: 1

According to research conducted in MIT Harvard University, USA, following are the main objectives for a

technology entrepreneur EXCEPT:

Select correct option:

Creating something novel and useful

Creditability

Building long-term value

Freedom

Question # 7 of 15 ( Start time: 10:44:11 AM ) Total Marks: 1

SME Stands for ______________.

Select correct option:

Self Managed Entrepreneur

Small Manageable Enterprise

Small and Medium Enterprise

Self Manageable Enterprise

Question # 9 of 15 ( Start time: 10:46:10 AM ) Total Marks: 1

All of the following are the components managed under “Operational Expenditure” heading during the preparation

of Financial Requirement Statement EXCEPT:

Select correct option:

Material

Rent, Interest

Insurance, Taxes

Patents

Question # 10 of 15 ( Start time: 10:47:16 AM ) Total Marks: 1

The acronym UNDP stands for: http://www.vustudents.net

Select correct option:

United Nation Diagnostic Plan

United Nation Development Program

United Nation Dynamic Profile

United Nation Democratic Proposal

Question # 11 of 15 ( Start time: 10:47:56 AM ) Total Marks: 1

What kind of an entrepreneur will he/she be, IF he/she follows the old traditions, avoids risk taking and responds to

change only in situations where it becomes necessary to do so?

Select correct option:

Innovative

Imitating

Fabian

Drone

Question # 12 of 15 ( Start time: 10:49:32 AM ) Total Marks: 1

Which of the following international organization conducted a survey regarding the salient features of entrepreneurs

of Pakistan?

Select correct option:

World Bank

World Trade Organization

International Monetary Fund

UNO

Question # 13 of 15 ( Start time: 10:50:46 AM ) Total Marks: 1

Which of the following statement is important for an entrepreneur, provides information about the sources from

which cash has been generated and how it has been spent during a specific period of time?

Select correct option:

Income Statement

Balance Sheet

Cash Flow Statement

Owner’s Equity Statement

Question # 14 of 15 ( Start time: 10:52:16 AM ) Total Marks: 1

In recent years, how much per worker productivity of Pakistani labour force has decreased as compared to India.

Select correct option:

25%

30%

35%

40%

Question # 15 of 15 ( Start time: 10:53:21 AM ) Total Marks: 1

If you divide the SME industry into wholesale, retail, manufacture and service sectors, then the definition of SME

will be based on which of the following?

Select correct option:

Financial Basis

Classification Basis

Man Power Basis

Asset Basis

Question # 1 of 15 ( Start time: 10:03:43 AM ) Total Marks: 1

What is the average mean age of entrepreneur of Korea according to a survey conducted by World Bank?

Select correct option:

40 Years

44 Years

48 Years

None of the given options

Question # 2 of 15 ( Start time: 10:05:07 AM ) Total Marks: 1

Which of the following is our major long-term issue in the development of SMEs?

Select correct option: http://www.vustudents.net

Education

Taxation

Finance

Labour

Question # 3 of 15 ( Start time: 10:06:27 AM ) Total Marks: 1

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 # 4 of 15 ( Start time: 10:07:56 AM ) Total Marks: 1

What is the percentage of new investment is generated by small and medium enterprises came from retained

earning?

Select correct option:

40%

49%

57%

63%

Question # 5 of 15 ( Start time: 10:09:00 AM ) Total Marks: 1

Which of the following term is used for the head of board of directors of Punjab Small Industries Corporation

(PSIC)?

Select correct option:

CEO of PSIC

Governor of Punjab

Chief Minister of Punjab

Minister of Planning and development, Punjab

Question # 6 of 15 ( Start time: 10:09:34 AM ) Total Marks: 1

The relationship between government and SME seems to be fundamentally flawed due to which of the following

reason/s?

Select correct option:

Government under estimates potential of SME sector

Policy makers have preference towards large-scale industry

Implementation is not a continuous process

All of the given options

Question # 7 of 15 ( Start time: 10:11:03 AM ) Total Marks: 1

During which year Punjab Small Industries Corporation (PSIC) was established?

Select correct option:

1970

1972

1974

1976

Question # 8 of 15 ( Start time: 10:11:41 AM ) Total Marks: 1

Which of the following can be expressed as PITAC?

Select correct option:

Pakistan Industrial Technical Assistance Center

Pakistan Industrial Technological Aid Council

Pakistan Industrial Training Aid Commission

Pakistan Industrial Teaching Association Council

Question # 9 of 15 ( Start time: 10:12:29 AM ) Total Marks: 1

Following are the financial institutions developed to promote SME in Pakistan EXCEPT:

Select correct option:

Segmented Business Fund Corporation (SBFC)

Youth Investment Promotion Scheme (YIPS)

Regional Development Finance Corporation (RDFC)

Industrial Development Bank of Pakistan (IDBP)

Question # 10 of 15 ( Start time: 10:13:21 AM ) Total Marks: 1

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 # 11 of 15 ( Start time: 10:13:51 AM ) Total Marks: 1

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 options

Question # 12 of 15 ( Start time: 10:15:16 AM ) Total Marks: 1

In which year World Bank had conducted a survey in Pakistan about SMEs.

Select correct option:

2000

2001

2002

2003

Question # 13 of 15 ( Start time: 10:16:43 AM ) Total Marks: 1

Which of the following is true about today’s global economy?

Select correct option:

Knowledge Based Economy

Industrial Based Economy

Economy of Socialism

Capital Economy

Question # 14 of 15 ( Start time: 10:17:01 AM ) Total Marks: 1

What is the debt equity ratio for loan up to Rs. 7.5 Lac in Punjab Small Industries Corporation (PSIC)? (as per

survey 2001) http://www.vustudents.net

Select correct option:

80:20

70:30

60:40

50:50

Question # 15 of 15 ( Start time: 10:17:50 AM ) Total Marks: 1

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 No: 1 ( Marks: 1 ) - Please choose one

Who introduced the first ever business laws to protect the customers from unscrupulous

traders?

Hummurabi

Samsu-Iluna

Shamshi Adad

Sin-muballit

Question No: 2 ( Marks: 1 ) - Please choose one

Following are the main internal factors for an entrepreneur described by Albert Shapiro

in his psychological analysis EXCEPT:

Vision

Determination

Decision making power

Fate

Question No: 3 ( Marks: 1 ) - Please choose one

Following are the different functions an innovative entrepreneur performs EXCEPT:

Launches new products

Discovers new markets

Establishes new methods of production

Duplicate the technology

Question No: 4 ( Marks: 1 ) - Please choose one

According to a survey conducted by World Bank, what is the percentage of entrepreneurs

who get formal education in colleges?

10%

30%

60%

80%

Question No: 5 ( Marks: 1 ) - Please choose one

Following are the factors that promoted the trend of development of SME in Pakistan

during 1980s EXCEPT:

High level financing

Uneven profit distribution

Technological revolution

Monopoly of resources

Question No: 6 ( Marks: 1 ) - Please choose one

Under what condition an entrepreneur enjoys extra time favor from bank or government

to fulfill the requirements of the contract?

Force Majeure

Fraud

Bankrupt

None of the given options

Question No: 7 ( Marks: 1 ) - Please choose one

Following are the basic reasons behind low tax base in Pakistan EXCEPT?

High cost of book keeping

Harassment of tax authorities

Non cooperative role of CBR

High physiological cost

Question No: 8 ( Marks: 1 ) - Please choose one

While making different strategies for socio-economic development, which of the

following is at the top priority of Government of Pakistan?

Poverty Reduction Strategy Paper (PRSP)

Micro Finance Sector Development Program

Reform of Financial Sector

Reforms in Tax Administration

Question No: 9 ( Marks: 1 ) - Please choose one

Which of the following can be defined as: “The additional value of a commodity over the

cost of commodities used to produce it from the previous stage of production”?

Value Added

Value Imbedded

Value Extracted

Value Injected

Question No: 10 ( Marks: 1 ) - Please choose one

In recent years, how much per worker productivity of Pakistani labour force has

decreased as compared to China.

25%

30%

35%

40%

Question No: 11 ( Marks: 1 ) - Please choose one

Which of the following is correct regarding per worker productivity?

Pakistan < India < China

China < India < Pakistan

Pakistan < China < India

India < China < Pakistan

Question No: 12 ( Marks: 1 ) - Please choose one

Which of the following is NOT a main hurdle for the up-gradation of technology, in

Pakistan?

Inadequate R&D facilities

Lack of skills & experience

Insufficient information on technological cooperation

Abundance of appropriate metrology and testing equipments

Question No: 13 ( Marks: 1 ) - Please choose one

Which of the following has biggest scope in term of capital and asset?

Sole Proprietorship

Partnership

Private Limited Company

Public Limited Company

Question No: 14 ( Marks: 1 ) - Please choose one

In “Financial Requirement Statement”, you keep some amount in reserve as safeguard

against possible losses. Under which of the following heading you will show this amount

in the statement?

Contingency Fund

Miscellaneous Fund

Adversity Fund

Concealed Fund

Question No: 15 ( Marks: 1 ) - Please choose one

The personal credentials that will be attached with loan application may include all of the

following EXCEPT:

Brochure of Business

Your Profile

Family Information

Previous Lending History

Question No: 16 ( Marks: 1 ) - Please choose one

In a bank loan application, your personal profile has a document called “CV”. What does

it stands for?

Curriculum Vitae

Customer Verification

Client Validity

Computerized Valuation

Question No: 17 ( Marks: 1 ) - Please choose one

Which of the following is defined as “A formal statement of a set of business goals, the

reasons why they are believed attainable, and the plan for reaching those goals”?

Business Plan

Business Strategy

Business Forecast

Business Sketch

Question No: 18 ( Marks: 1 ) - Please choose one

According to which country, an industry will be a small industry if the number of

employees is less than 100?

USA

Russia

France

Japan

Question No: 19 ( Marks: 1 ) - Please choose one

According to Singapore, a business is said to be a small business, if capital involved is

less than US $ 85 million and number of employees are ___________.

Less than 100

Less than 50

Less than 200

Less than 150

Question No: 20 ( Marks: 1 ) - Please choose one

IF you follow the old traditions, avoids risk taking and responds to change only in

situations where it becomes necessary to do so, then what kind of an entrepreneur you

will be?

Innovative

Imitating

Fabian

Drone

Question No: 21 ( Marks: 1 ) http://www.vustudents.net - Please choose one

In which year, Sindh Small Industries Corporation (SSIC) was established?

1970

1972

1974

1976

Question No: 22 ( Marks: 1 ) - Please choose one

Which of the following is the key change in SMEDA after restructuring?

One Window Operations

Lengthy Legal Documentations

Unilingual Documents

Conversion of Sectors into Industry

Question No: 23 ( Marks: 1 ) - Please choose one

Which of the following is NOT the basic reason in the improvement of tax base?

High tax rate

High cost of book keeping

High bargaining role of tax collector

High cost of consultancy

Question No: 24 ( Marks: 1 ) - Please choose one

Which one of the following statements is TRUE about the HR institutions developed to

train the workforce?

There is mismatch between the output of these institutions and need of the SME

industry.

These institutions are fully aware of the needs of the SME industry.

The output of these institutions is fully capable to run the industry.

There is equilibrium between the demand of SME industry and supply of these

institutions.

Question No: 25 ( Marks: 1 ) - Please choose one

If you are interested in protecting a title, slogan, or other short word phrase, generally you

want which of the following?

Trademarks

Copyrights

Patents

All of the given options

Question No: 26 ( Marks: 1 ) - Please choose one

Following are the examples of intellectual property rights EXCEPT:

Copyright

Patent

Trademark

Brand Image

Question No: 27 ( Marks: 1 ) - Please choose one

Following are the activities related to cash outflow of a firm EXCEPT:

Depreciation

Dividend

Interest Payment

Tax

Question No: 28 ( Marks: 1 ) - Please choose one

A bank can reject your application for a short-term loan to meet your daily expenses.

Which of the following may be the least important factor for rejection?

Your negative cash flow

Non -availability of adequate security

Your shopping round activity

Less liquidity ability of an asset

Question No: 29 ( Marks: 1 ) - Please choose one

A bank raises some objection against your application for a short-term loan to pay the

salaries of employees. Which of the following may be the most important factor for

rejection?

Your shopping round activity

Too much cautious attitude for risk sharing

Mistrust on bank policy

Shorter due date of payable against receivable

Question No: 30 ( Marks: 1 ) - Please choose one

In the rental car industry, there is a practice in which automobile companies repurchase

their cars at a set price after a negotiated period of time. This practice is an example of

which of the following?

Buy Back Agreement

Sell Back Agreement

Purchase Return Agreement

Sell Return Agreement

The location of the business is especially important for what type of start-up businesses?

►Manufacturing.

►Service.

►Computer-based service.

►Retail

Question No: 2 ( Marks: 1 ) - Please choose one

A key characteristic of a successful entrepreneur is:

►Never hang failed.

►Expert technical knowledge of theproduct.

►Learning to fail intelligently.

►Earning at least a 25% return for investors.

Question No: 3 ( Marks: 1 ) - Please choose one

The key ingredient-the crucial element-to avoiding the failure of a new business is:

►The business plan.

►Knowing the business.

►Technical expertise regarding the product.

►Differentiating the business and product from the competition.

Question No: 4 ( Marks: 1 ) - Please choose one

The key to effective financial management in a start-up is:

►Excellent controls.

►The use of ABC accounting processes.

►Have sufficient start-up capital.

►Have an adequate inventory on hand.

Question No: 5 ( Marks: 1 ) - Please choose one

Which of the following is true about avoiding business failure?

►You must understand financial statements.

►You need to learn how to manage others.

►You must differentiate your product from the competition.

►You must do all of these.

Question No: 6 ( Marks: 1 ) - Please choose one

U.S. economic structure is moving:

►Away from agricultural to a industrial economy

►Away from an industrial to a knowledge-based one

►Back to agricultural economy

►Away from an agricultural to a knowledge-based one

Question No: 7 ( Marks: 1 ) - Please choose one

A knowledge based business economy favors small business because:

►The cost of managing and transmitting knowledge is very low

►Small businesses are more successful

►Information technology is driving cost of managing and transmitting knowledge lower

►Both a & c

Question No: 8 ( Marks: 1 ) - Please choose one

Money driven and wild risk takers are both:

►Common characteristics of entrepreneurs

►Entrepreneur’s techniques to success

►Common misconceptions of entrepreneurs

►None of the given options

Question No: 9 ( Marks: 1 ) - Please choose one

Small businesses are those that employ:

►More than 100 employees

►Fewer than 20 employees

►Fewer than 100 employees

►Number doesn’t matter not sure

Question No: 10 ( Marks: 1 ) - Please choose one

The most important change due to Expansion occurs in:

►Organizational structure

►Inventory and financial control procedures

►Managerial expertise

►Personnel assignments

 

Question # 1 of 15 ( Start time: 11:40:07 PM ) Total Marks: 1

There are too many laws regarding labour force in Pakistan that causing problems for SME. It

was proposed that existing labour legislation be simplified and rationalized into how many basic

laws?

Select correct option:

Six

Ten

Fifteen

Twenty

Question # 2 of 15 ( Start time: 11:40:41 PM ) Total Marks: 1

When you submit an application for a loan, credential that introduces your business to the bank

has a form called “Form-29”. Under which condition you will provide this form to the bank.

Select correct option:

In case of Sole Proprietorship

In case of Private Limited Company

In case of Cooperation

In case of Partnership

WWW.VIRTUALINSPIRE.COM

Question # 3 of 15 ( Start time: 11:41:11 PM ) Total Marks: 1

Which of the following is NOT available in job description?

Select correct option:

Job content

Job environment

Abilities required

Conditions of employment

Question # 4 of 15 ( Start time: 11:41:40 PM ) Total Marks: 1

Which of the following problems is/are served as hurdle in the development of SMEs in

Pakistan?

Select correct option:

56 Labours Laws

Labour Inspections

Exporter’s Reservation regarding Labour

All of the given options

WWW.VIRTUALINSPIRE.COM

Question # 5 of 15 ( Start time: 11:42:09 PM ) Total Marks: 1

In which year “Environment Protection Ordinance” in Pakistan has been enacted.

Select correct option:

1993

1995

1997

1999

Question # 6 of 15 ( Start time: 11:42:33 PM ) Total Marks: 1

How the large and small sectors are interlinked?

Select correct option:

By foster changes

By risk sharing

By Merchandising

By serving the same market

WWW.VIRTUALINSPIRE.COM

Question # 7 of 15 ( Start time: 11:43:00 PM ) Total Marks: 1

If a person is evaluated high on many traits because of a belief that the individual is high on one

trait. This perception is affected by which of the following effects?

Select correct option:

Contrast

Dominance

Halo

Perceptual

Question # 8 of 15 ( Start time: 11:43:27 PM ) Total Marks: 1

All of the following are the problems that can be faced by an businessmen during the

construction phase EXCEPT:

Select correct option:

Acquisition of land

Acquisition of machinery

Prospecting about marketing

Poor location

WWW.VIRTUALINSPIRE.COM

Question # 9 of 15 ( Start time: 11:43:58 PM ) Total Marks: 1

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 # 10 of 15 ( Start time: 11:44:16 PM ) Total Marks: 1

For what purposes the activity of performance appraisal is NOT done in an organization?

Select correct option:

To punish employee

To motivate employee

To evaluate employee

To give reward to employee

WWW.VIRTUALINSPIRE.COM

Question # 11 of 15 ( Start time: 11:44:50 PM ) Total Marks: 1

What is the maximum limit of loan that Punjab Small Industries Corporation (PSIC) can issue?

(As per survey 2001)

Select correct option:

5 Lac

7.5 Lac

10 Lac

12.5 Lac

Question # 12 of 15 ( Start time: 11:45:08 PM ) Total Marks: 1

_____________________ is a business term means an extraordinary event or circumstance

beyond the control entrepreneur such as war, strike, crime, flood, earthquake which prevents him

from continuing the business.

Select correct option:

WWW.VIRTUALINSPIRE.COM

Force Majeure

Force Mortigue

Force Montague

Force Meringue

Question # 13 of 15 ( Start time: 11:45:30 PM ) Total Marks: 1

In recent years, how much per worker productivity of Pakistani labour force has decreased as

compared to India.

Select correct option:

25%

30%

35%

40%

WWW.VIRTUALINSPIRE.COM

Question # 14 of 15 ( Start time: 11:45:46 PM ) Total Marks: 1

In which year first appropriate definition of small business was introduce by an Indian?

Select correct option:

1935

1940

1945

1950

Question # 15 of 15 ( Start time: 11:46:04 PM ) Total Marks: 1

Which of the following is/are the result/s of implementation of Ayubian model of economic

development during 1980s?

Select correct option:

Promotion of large-scale units

Expansion of large-scale enterprises

Large loans offered by financial institutions

All of the given options

WWW.VIRTUALINSPIRE.COM

question # 1 of 15 ( Start time: 10:37:50 AM ) Total Marks: 1

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 # 2 of 15 ( Start time: 10:39:18 AM ) Total Marks: 1

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 procurement

Question # 3 of 15 ( Start time: 10:40:50 AM ) Total Marks: 1

In which year Small & Medium Development Authority (SMEDA) was established?

WWW.VIRTUALINSPIRE.COM

Select correct option:

July, 1994

August, 1988

October, 1998

December, 2001

Question # 4 of 15 ( Start time: 10:41:17 AM ) Total Marks: 1

How many labor laws that exist in Pakistan to control the labor issues?

Select correct option:

50

52

54

56

Question # 5 of 15 ( Start time: 10:42:03 AM ) Total Marks: 1

Which of the following is an expressed form of YIPS?

Select correct option:

WWW.VIRTUALINSPIRE.COM

Youth Investment Promotion Scheme

Youth International Project Scheme

Youth Information Platform Sector

Youth Inclusive Program System

Question # 6 of 15 ( Start time: 10:42:52 AM ) Total Marks: 1

According to research conducted in MIT Harvard University, USA, following are the main

objectives for a technology entrepreneur EXCEPT:

Select correct option:

Creating something novel and useful

Creditability

Building long-term value

Freedom

Question # 7 of 15 ( Start time: 10:44:11 AM ) Total Marks: 1

SME Stands for ______________.

Select correct option:

WWW.VIRTUALINSPIRE.COM

Self Managed Entrepreneur

Small Manageable Enterprise

Small and Medium Enterprise

Self Manageable Enterprise

Question # 9 of 15 ( Start time: 10:46:10 AM ) Total Marks: 1

All of the following are the components managed under “Operational Expenditure” heading

during the preparation of Financial Requirement Statement EXCEPT:

Select correct option:

Material

Rent, Interest

Insurance, Taxes

Patents

Question # 10 of 15 ( Start time: 10:47:16 AM ) Total Marks: 1

The acronym UNDP stands for:

Select correct option:

WWW.VIRTUALINSPIRE.COM

United Nation Diagnostic Plan

United Nation Development Program

United Nation Dynamic Profile

United Nation Democratic Proposal

Question # 11 of 15 ( Start time: 10:47:56 AM ) Total Marks: 1

What kind of an entrepreneur will he/she be, IF he/she follows the old traditions, avoids risk

taking and responds to change only in situations where it becomes necessary to do so?

Select correct option:

Innovative

Imitating

Fabian

Drone

Question # 12 of 15 ( Start time: 10:49:32 AM ) Total Marks: 1

Which of the following international organization conducted a survey regarding the salient

features of entrepreneurs of Pakistan?

Select correct option:

WWW.VIRTUALINSPIRE.COM

World Bank

World Trade Organization

International Monetary Fund

UNO

Question # 13 of 15 ( Start time: 10:50:46 AM ) Total Marks: 1

Which of the following statement is important for an entrepreneur, provides information about

the sources from which cash has been generated and how it has been spent during a specific

period of time?

Select correct option:

Income Statement

Balance Sheet

Cash Flow Statement

Owner’s Equity Statement

Question # 14 of 15 ( Start time: 10:52:16 AM ) Total Marks: 1

In recent years, how much per worker productivity of Pakistani labour force has decreased as

compared to India.

Select correct option:

WWW.VIRTUALINSPIRE.COM

25%

30%

35%

40%

Question # 15 of 15 ( Start time: 10:53:21 AM ) Total Marks: 1

If you divide the SME industry into wholesale, retail, manufacture and service sectors, then the

definition of SME will be based on which of the following?

Select correct option:

Financial Basis

Classification Basis

Man Power Basis

Asset Basis

Question # 1 of 15 ( Start time: 10:03:43 AM ) Total Marks: 1

What is the average mean age of entrepreneur of Korea according to a survey conducted by

World Bank?

Select correct option:

40 Years

44 Years

WWW.VIRTUALINSPIRE.COM

48 Years

None of the given options

Question # 2 of 15 ( Start time: 10:05:07 AM ) Total Marks: 1

Which of the following is our major long-term issue in the development of SMEs?

Select correct option:

Education

Taxation

Finance

Labour

Question # 3 of 15 ( Start time: 10:06:27 AM ) Total Marks: 1

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 # 4 of 15 ( Start time: 10:07:56 AM ) Total Marks: 1

What is the percentage of new investment is generated by small and medium enterprises came

from retained earning?

WWW.VIRTUALINSPIRE.COM

Select correct option:

40%

49%

57%

63%

Question # 5 of 15 ( Start time: 10:09:00 AM ) Total Marks: 1

Which of the following term is used for the head of board of directors of Punjab Small Industries

Corporation (PSIC)?

Select correct option:

CEO of PSIC

Governor of Punjab

Chief Minister of Punjab

Minister of Planning and development, Punjab

Question # 6 of 15 ( Start time: 10:09:34 AM ) Total Marks: 1

The relationship between government and SME seems to be fundamentally flawed due to which

of the following reason/s?

Select correct option:

Government under estimates potential of SME sector

Policy makers have preference towards large-scale industry

Implementation is not a continuous process

All of the given options

WWW.VIRTUALINSPIRE.COM

Question # 7 of 15 ( Start time: 10:11:03 AM ) Total Marks: 1

During which year Punjab Small Industries Corporation (PSIC) was established?

Select correct option:

1970

1972

1974

1976

Question # 8 of 15 ( Start time: 10:11:41 AM ) Total Marks: 1

Which of the following can be expressed as PITAC?

Select correct option:

Pakistan Industrial Technical Assistance Center

Pakistan Industrial Technological Aid Council

Pakistan Industrial Training Aid Commission

Pakistan Industrial Teaching Association Council

Question # 9 of 15 ( Start time: 10:12:29 AM ) Total Marks: 1

Following are the financial institutions developed to promote SME in Pakistan EXCEPT:

Select correct option:

Segmented Business Fund Corporation (SBFC)

Youth Investment Promotion Scheme (YIPS)

Regional Development Finance Corporation (RDFC)

WWW.VIRTUALINSPIRE.COM

Industrial Development Bank of Pakistan (IDBP)

Question # 10 of 15 ( Start time: 10:13:21 AM ) Total Marks: 1

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 # 11 of 15 ( Start time: 10:13:51 AM ) Total Marks: 1

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 options

Question # 12 of 15 ( Start time: 10:15:16 AM ) Total Marks: 1

In which year World Bank had conducted a survey in Pakistan about SMEs.

Select correct option:

2000

WWW.VIRTUALINSPIRE.COM

2001

2002

2003

Question # 13 of 15 ( Start time: 10:16:43 AM ) Total Marks: 1

Which of the following is true about today’s global economy?

Select correct option:

Knowledge Based Economy

Industrial Based Economy

Economy of Socialism

Capital Economy

Question # 14 of 15 ( Start time: 10:17:01 AM ) Total Marks: 1

What is the debt equity ratio for loan up to Rs. 7.5 Lac in Punjab Small Industries Corporation

(PSIC)? (as per survey 2001)

Select correct option:

80:20

70:30

60:40

50:50

Question # 15 of 15 ( Start time: 10:17:50 AM ) Total Marks: 1

How the large and small sectors are interlinked?

WWW.VIRTUALINSPIRE.COM

Select correct option:

By fostering changes

By subcontracting

By sharing risk

By serving the same market

Question No: 1 ( Marks: 1 ) - Please choose one

Who introduced the first ever business laws to protect the customers from unscrupulous

traders?

Hummurabi

Samsu-Iluna

Shamshi Adad

Sin-muballit

Question No: 2 ( Marks: 1 ) - Please choose one

Following are the main internal factors for an entrepreneur described by Albert Shapiro

in his psychological analysis EXCEPT:

Vision

Determination

Decision making power

Fate

Question No: 3 ( Marks: 1 ) - Please choose one

Following are the different functions an innovative entrepreneur performs EXCEPT:

Launches new products

Discovers new markets

WWW.VIRTUALINSPIRE.COM

Establishes new methods of production

Duplicate the technology

Question No: 4 ( Marks: 1 ) - Please choose one

According to a survey conducted by World Bank, what is the percentage of entrepreneurs

who get formal education in colleges?

10%

30%

60%

80%

Question No: 5 ( Marks: 1 ) - Please choose one

Following are the factors that promoted the trend of development of SME in Pakistan

during 1980s EXCEPT:

High level financing

Uneven profit distribution

Technological revolution

Monopoly of resources

Question No: 6 ( Marks: 1 ) - Please choose one

Under what condition an entrepreneur enjoys extra time favor from bank or government

to fulfill the requirements of the contract?

Force Majeure

Fraud

Bankrupt

None of the given options

Question No: 7 ( Marks: 1 ) - Please choose one

Following are the basic reasons behind low tax base in Pakistan EXCEPT?

WWW.VIRTUALINSPIRE.COM

High cost of book keeping

Harassment of tax authorities

Non cooperative role of CBR

High physiological cost

Question No: 8 ( Marks: 1 ) - Please choose one

While making different strategies for socio-economic development, which of the

following is at the top priority of Government of Pakistan?

Poverty Reduction Strategy Paper (PRSP)

Micro Finance Sector Development Program

Reform of Financial Sector

Reforms in Tax Administration

Question No: 9 ( Marks: 1 ) - Please choose one

Which of the following can be defined as: “The additional value of a commodity over the

cost of commodities used to produce it from the previous stage of production”?

Value Added

Value Imbedded

Value Extracted

Value Injected

Question No: 10 ( Marks: 1 ) - Please choose one

In recent years, how much per worker productivity of Pakistani labour force has

decreased as compared to China.

25%

30%

35%

40%

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Question No: 11 ( Marks: 1 ) - Please choose one

Which of the following is correct regarding per worker productivity?

Pakistan < India < China

China < India < Pakistan

Pakistan < China < India

India < China < Pakistan

Question No: 12 ( Marks: 1 ) - Please choose one

Which of the following is NOT a main hurdle for the up-gradation of technology, in

Pakistan?

Inadequate R&D facilities

Lack of skills & experience

Insufficient information on technological cooperation

Abundance of appropriate metrology and testing equipments

Question No: 13 ( Marks: 1 ) - Please choose one

Which of the following has biggest scope in term of capital and asset?

Sole Proprietorship

Partnership

Private Limited Company

Public Limited Company

Question No: 14 ( Marks: 1 ) - Please choose one

In “Financial Requirement Statement”, you keep some amount in reserve as safeguard

against possible losses. Under which of the following heading you will show this amount

in the statement?

Contingency Fund

Miscellaneous Fund

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Adversity Fund

Concealed Fund

Question No: 15 ( Marks: 1 ) - Please choose one

The personal credentials that will be attached with loan application may include all of the

following EXCEPT:

Brochure of Business

Your Profile

Family Information

Previous Lending History

Question No: 16 ( Marks: 1 ) - Please choose one

In a bank loan application, your personal profile has a document called “CV”. What does

it stands for?

Curriculum Vitae

Customer Verification

Client Validity

Computerized Valuation

Question No: 17 ( Marks: 1 ) - Please choose one

Which of the following is defined as “A formal statement of a set of business goals, the

reasons why they are believed attainable, and the plan for reaching those goals”?

Business Plan

Business Strategy

Business Forecast

Business Sketch

Question No: 18 ( Marks: 1 ) - Please choose one

According to which country, an industry will be a small industry if the number of

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employees is less than 100?

USA

Russia

France

Japan

Question No: 19 ( Marks: 1 ) - Please choose one

According to Singapore, a business is said to be a small business, if capital involved is

less than US $ 85 million and number of employees are ___________.

Less than 100

Less than 50

Less than 200

Less than 150

Question No: 20 ( Marks: 1 ) - Please choose one

IF you follow the old traditions, avoids risk taking and responds to change only in

situations where it becomes necessary to do so, then what kind of an entrepreneur you

will be?

Innovative

Imitating

Fabian

Drone

Question No: 21 ( Marks: 1 ) - Please choose one

In which year, Sindh Small Industries Corporation (SSIC) was established?

1970

1972

1974

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1976

Question No: 22 ( Marks: 1 ) - Please choose one

Which of the following is the key change in SMEDA after restructuring?

One Window Operations

Lengthy Legal Documentations

Unilingual Documents

Conversion of Sectors into Industry

Question No: 23 ( Marks: 1 ) - Please choose one

Which of the following is NOT the basic reason in the improvement of tax base?

High tax rate

High cost of book keeping

High bargaining role of tax collector

High cost of consultancy

Question No: 24 ( Marks: 1 ) - Please choose one

Which one of the following statements is TRUE about the HR institutions developed to

train the workforce?

There is mismatch between the output of these institutions and need of the SME

industry.

These institutions are fully aware of the needs of the SME industry.

The output of these institutions is fully capable to run the industry.

There is equilibrium between the demand of SME industry and supply of these

institutions.

Question No: 25 ( Marks: 1 ) - Please choose one

If you are interested in protecting a title, slogan, or other short word phrase, generally you

want which of the following?

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Trademarks

Copyrights

Patents

All of the given options

Question No: 26 ( Marks: 1 ) - Please choose one

Following are the examples of intellectual property rights EXCEPT:

Copyright

Patent

Trademark

Brand Image

Question No: 27 ( Marks: 1 ) - Please choose one

Following are the activities related to cash outflow of a firm EXCEPT:

Depreciation

Dividend

Interest Payment

Tax

Question No: 28 ( Marks: 1 ) - Please choose one

A bank can reject your application for a short-term loan to meet your daily expenses.

Which of the following may be the least important factor for rejection?

Your negative cash flow

Non -availability of adequate security

Your shopping round activity

Less liquidity ability of an asset

Question No: 29 ( Marks: 1 ) - Please choose one

A bank raises some objection against your application for a short-term loan to pay the

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salaries of employees. Which of the following may be the most important factor for

rejection?

Your shopping round activity

Too much cautious attitude for risk sharing

Mistrust on bank policy

Shorter due date of payable against receivable

Question No: 30 ( Marks: 1 ) - Please choose one

In the rental car industry, there is a practice in which automobile companies repurchase

their cars at a set price after a negotiated period of time. This practice is an example of

which of the following?

Buy Back Agreement

Sell Back Agreement

Purchase Return Agreement

Sell Return Agreement

The location of the business is especially important for what type of start-up businesses?

►Manufacturing.

►Service.

►Computer-based service.

►Retail

Question No: 2 ( Marks: 1 ) - Please choose one

A key characteristic of a successful entrepreneur is:

►Never hang failed.

►Expert technical knowledge of theproduct.

►Learning to fail intelligently.

►Earning at least a 25% return for investors.

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Question No: 3 ( Marks: 1 ) - Please choose one

The key ingredient-the crucial element-to avoiding the failure of a new business is:

►The business plan.

►Knowing the business.

►Technical expertise regarding the product.

►Differentiating the business and product from the competition.

Question No: 4 ( Marks: 1 ) - Please choose one

The key to effective financial management in a start-up is:

►Excellent controls.

►The use of ABC accounting processes.

►Have sufficient start-up capital.

►Have an adequate inventory on hand.

Question No: 5 ( Marks: 1 ) - Please choose one

Which of the following is true about avoiding business failure?

►You must understand financial statements.

►You need to learn how to manage others.

►You must differentiate your product from the competition.

►You must do all of these.

Question No: 6 ( Marks: 1 ) - Please choose one

U.S. economic structure is moving:

►Away from agricultural to a industrial economy

►Away from an industrial to a knowledge-based one

►Back to agricultural economy

►Away from an agricultural to a knowledge-based one

Question No: 7 ( Marks: 1 ) - Please choose one

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A knowledge based business economy favors small business because:

►The cost of managing and transmitting knowledge is very low

►Small businesses are more successful

►Information technology is driving cost of managing and transmitting knowledge lower

►Both a & c

Question No: 8 ( Marks: 1 ) - Please choose one

Money driven and wild risk takers are both:

►Common characteristics of entrepreneurs

►Entrepreneur’s techniques to success

►Common misconceptions of entrepreneurs

►None of the given options

Question No: 9 ( Marks: 1 ) - Please choose one

Small businesses are those that employ:

►More than 100 employees

►Fewer than 20 employees

►Fewer than 100 employees

►Number doesn’t matter not sure

Question No: 10 ( Marks: 1 ) - Please choose one

The most important change due to Expansion occurs in:

►Organizational structure

►Inventory and financial control procedures

►Managerial expertise

►Personnel assignments

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In which year the restructuring of Small Business Finance Corporation (SBFC) was

done?

Select correct option:

1998

In which year the restructuring of Small Business Finance Corporation (SBFC) was

done?

Select correct option:

1998

2000

2001

2002

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In which year Small & Medium Development Authority (SMEDA) was established?

Select correct option:

July, 1994

August, 1988

October, 1998

December, 2001.

Following are the main functions of Punjab Small Industries Corporation (PSIC)

EXCEPT:

Select correct option:

Technology transfer

Vocational infrastructure

Financial assistance

Entrepreneurial Development

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

How the large and small sectors are interlinked?

Select correct option:

By fostering changes

By subcontracting

By sharing risk

By serving the same market

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

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Ministry of Trade

SMEDA

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

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

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 # 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

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%

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?

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Select correct option:

14 Years

16 Years

18 Years

None of the given option

How many major changes an entrepreneur of a small business can bring in the industry?

Select correct option:

3456

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

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

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

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

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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

Which of the following year was considered as starting period of industrialization in

Pakistan?

Select correct option:

1947

1950

1955

1960

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

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

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

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

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Technological revolution

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

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

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

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

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

Which of the following titles represents the United Kingdom model for the development

and improvement of SME sector?

Select correct option:

Protect Small First

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Think Small First

Develop Small First

Design Small First

What kind of resource utilized by small business as compare to large business?

Select correct option:

Primary Resources

Secondary Resources

Macro Resources

Surplus Resources

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