We are here with you hands in hands to facilitate your learning & don't appreciate the idea of copying or replicating solutions. Read More>>

Looking For Something at vustudents.ning.com? Click Here to Search

www.bit.ly/vucodes

+ Link For Assignments, GDBs & Online Quizzes Solution

www.bit.ly/papersvu

+ Link For Past Papers, Solved MCQs, Short Notes & More

REMEMBER ME IN PRAYERS .IF U LIKE MY EFFORT ADMIRE ME..........

+ How to Follow the New Added Discussions at Your Mail Address?

+ How to Join Subject Study Groups & Get Helping Material?

+ How to become Top Reputation, Angels, Intellectual, Featured Members & Moderators?

+ VU Students Reserves The Right to Delete Your Profile, If?


See Your Saved Posts Timeline

Views: 4737

.

+ http://bit.ly/vucodes (Link for Assignments, GDBs & Online Quizzes Solution)

+ http://bit.ly/papersvu (Link for Past Papers, Solved MCQs, Short Notes & More)

+ Click Here to Search (Looking For something at vustudents.ning.com?)

+ Click Here To Join (Our facebook study Group)

Attachments:

Replies to This Discussion

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

Pakistan?

Select correct option:

Small Business Fund Corporation (SBFC)

Youth Investment Promotion Scheme (YIPS)

Regional Development Finance Corporation (RDFC)

Industrialized Development Bank of Pakistan (IDBP)

Question # 2 of 15 ( Start time: 07:50:15 PM ) Total Marks: 1

When National Planning Committee (NPC) was developed?

Select correct option:

1935

1936

1937

1938

Question # 1 of 15 ( Start time: 07:48:47 PM ) Total Marks: 1

The rate of interest charged for soft loan is at

_______________.http://www.vuaskari.com/

Select correct option:

Below market rate

Above market rate

Twice the market rate

http://www.vuaskari.com/

Zero present rate

Question # 3 of 15 ( Start time: 07:51:04 PM ) Total Marks: 1

Which of the following term is defined as: “The initial equity capital used to start a new

venture or business” http://www.vuaskari.com/

Select correct option:

Venture Capital

Seed Money

Seed Capital

All of the given options

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

Question # 5 of 15 ( Start time: 07:53:34 PM ) Total Marks: 1

With which of the following ministries SMEDA is directly attached?

Select correct option:

Ministry of Commerce

Ministry of Economic Affairs & Statistics

Ministry of Industry and Production

Ministry of Planning & Development

Question # 6 of 15 ( Start time: 07:55:00 PM ) Total Marks: 1

Which of the following is the expressed form of PCSIR?

Select correct option: http://www.vuaskari.com/

Pakistan Centre of Systematic and Institutional Research

Pakistan Council for Scientific and Industrial Research

Pakistan Commission for Skill and Instructional Record

Pakistan Core Scientific Information Resources

Question # 8 of 15 ( Start time: 07:57:15 PM ) Total Marks: 1

How many industrial estates were developed by Punjab Small Industries Corporation

(PSIC)? (as per survey 2001)

Select correct option:

10

14

18

22

Question # 7 of 15 ( Start time: 07:56:01 PM ) Total Marks: 1

What is the percentage of those entrepreneurs whose get formal college education,

according to survey conducted by world bank? http://www.vuaskari.com/

http://www.vuaskari.com/

Select correct option:

10%

30%

60%

80%

Question # 9 of 15 ( Start time: 07:58:10 PM ) Total Marks: 1

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

business? http://www.vuaskari.com/

Select correct option:

Number of workers

Share in the economy

Business turnover

Total assets

Question # 10 of 15 ( Start time: 07:59:34 PM ) Total Marks: 1

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

located?

Select correct option:

Islamabad

Lahore

Karachi

Sailkot

Question # 11 of 15 ( Start time: 08:00:20 PM ) Total Marks: 1

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

Select correct option: http://www.vuaskari.com/

Board of Investment

Board of Investigation

Broad Opportunity of Investment

Bureau of Inquiry

Question # 12 of 15 ( Start time: 08:00:47 PM ) Total Marks: 1

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.

Select correct option:

Manufacturing

Trading/Services

Industry

Exporting

Question # 13 of 15 ( Start time: 08:02:07 PM ) Total Marks: 1

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: http://www.vuaskari.com/

Merchandising

http://www.vuaskari.com/

Purchase sub-contracting

Complementary products

Job sub-contracting

Question # 14 of 15 ( Start time: 08:03:24 PM ) 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 # 15 of 15 ( Start time: 08:04:30 PM ) Total Marks: 1

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?

Select correct option:

Micro

Small

Medium

Macro

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? http://www.vuaskari.com/

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:

http://www.vuaskari.com/

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

http://www.vuaskari.com/

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

http://www.vuaskari.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

http://www.vuaskari.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

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

http://www.vuaskari.com/

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

http://www.vuaskari.com/

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

http://www.vuaskari.com/

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

http://www.vuaskari.com/

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

http://www.vuaskari.com/

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:

http://www.vuaskari.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:

United Nation Diagnostic Plan

United Nation Development Program

United Nation Dynamic Profile

http://www.vuaskari.com/

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

http://www.vuaskari.com/

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? http://www.vuaskari.com/

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: http://www.vuaskari.com/

http://www.vuaskari.com/

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.vuaskari.com/

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:

http://www.vuaskari.com/

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:

http://www.vuaskari.com/

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)

http://www.vuaskari.com/

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

http://www.vuaskari.com/

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:

`nowledge 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?

Select correct option:

By fostering changes

By subcontracting

By sharing risk

By serving the same market

http://www.vuaskari.com/

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

http://www.vuaskari.com/

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

http://www.vuaskari.com/

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

http://www.vuaskari.com/

Question No: 21 ( Marks: 1 ) - 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

http://www.vuaskari.com/

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.

http://www.vuaskari.com/

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 http://www.vuaskari.com/

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

________________________________________

Q # 02: The mental ability of a successful entrepreneur consists of all of the

following EXCEPT:

Intelligence

http://www.vuaskari.com/

Creative Thinking

Analytical Ability

Emotional Stability

________________________________________

Q # 03: The emergent entrepreneur of new century is eager to lead business world,

despite he is energetic, risk bearer and have inclination towards achievement but he must

be a gambler.

AT

rue

B False

________________________________________

Q # 04: Which of the following is NOT a distinctive quality of a successful

entrepreneur?

AE

xhibit Mental Ability (Intelligence, Creative Thinking and Analytical Ability)

B

Have Technical Knowledge (Analysis and interpretation of financial records)

C

Risk Taker like Gambler (Go for profit, put every thing in business)

D

Demonstrate Human Relationships (Emotional stability, sociability, tactfulness, empathy)

________________________________________

Q # 05: For an entrepreneur money is cavalier, i.e. money is not a principal

obsession and he values money but not for itself but for as a measure of his

accomplishment. http://www.vuaskari.com/

AT

rue

B False

http://www.vuaskari.com/

Q # 01: You are studying SME Management as a course because entrepreneurial

education:

A

Has become extremely popular

B

Universities are not able to meet the demand

C

More courses are being offered in entrepreneurship

D

All of the Given Options

________________________________________

Q # 02: Entrepreneurs seem to be characterized by:

A

A desire for money

B

An inability to organize but strong conceptual skills

C

A desire to work alone because of weak management skills and a need for control

D

A high energy level

________________________________________

Q # 03: The owners of small businesses start their business because they believe

that:

AT

hey work harder on their own than if they worked for someone else

BT

hey earn less than if they worked for someone else

CT

hey are less satisfied than if they worked for someone else

DT

hey have high inclination towards power and autonomy

________________________________________

http://www.vuaskari.com/

Q # 04: More businesses are started by individuals between ____ than at any other

age.

A

Under 25

B2

5–34

C3

5–44

D4

5–54

________________________________________

Q # 05: Family businesses face which of the following as a major threat?

A

Having Kids

B

Unbalance Social Life

C

Management Succession

DT

here is no such Threat

Q # 01: Two characteristics common to entrepreneurs are creativity and an eye for

opportunity.

AT

rue

B False

________________________________________

Q # 02: Forces driving the entrepreneurial trend in our economy include which of

the following?

http://www.vuaskari.com/

AT

echnological advancement

BS

hift to a service economy

C

World Wide Web

D

All of the given options

________________________________________

Q # 03: People who once saw launching a business risky now see it as an ideal

way to create their own job security.

AT

rue

B False

________________________________________

Q # 04: Which of the following is NOT a common characteristic of entrepreneurs?

A

Desire for responsibility

BB

usiness plan expertise

CP

reference for moderate risk

D

High energy level

________________________________________

Q # 05: In start-ups, it is often safest to be a "me-too" business, follow the leaders

in the market until sufficient cash flow develops to permit R & D into new and innovate

products.

AT

rue

B False

http://www.vuaskari.com/

________________________________________

Q # 02: Money driven and wild risk takers are both:

AC

ommon characteristics of entrepreneurs

BE

ntrepreneur’s techniques to success

C

Common misconceptions of entrepreneurs

D Familiar requirements of every entrepreneur

________________________________________

Q # 03: Small businesses create more jobs than either medium or large businesses.

AT

rue

B False

________________________________________

Q # 04: Small businesses thrive in every industry, but the majority of them are in

which of the following?

A

General Construction Industry

B

Retail Businesses

C

Manufacturing

DS

ervice Industries

________________________________________

http://www.vuaskari.com/

Q # 05: In most of the cases, the primary cause of business failure is related to

which of the following?

A Improper managerial attitude

BP

oor financial controls

CI

ncompetent management

D Location

Q # 03: The personal objectives of small business owners tend to be

_____________, as opposed to those of managers of large firms, who tend to be

__________________.

AP

restige oriented; independence oriented

B

Achievement oriented; prestige oriented

CP

ower oriented; prestige oriented

DP

restige oriented; achievement oriented

Q # 01: Which of the following is NOT a common barrier in the path of

entrepreneurship?

A

Not Have of Viable Concept

B Little of Market Knowledge

CE

fficient in Technical Skills

D Lacking Seed Capital

http://www.vuaskari.com/

Q # 02: Entrepreneurship has a role in increasing productivity and the key to

increase productivity include all of the following EXCEPT:

AR

esearch and Development

B Investment in Plant and Machinery and Human Resources

CI

mitation Ability to Utilize and Allocation of Resource

DR

ealization of Internal and External Economies of Scale

Q # 04: A small business stays in touch with its customers, suppliers, and

community better than a large business does:

AT

rue

B False

________________________________________

Q # 01: According to the text, how do small firms differ from their larger

competitors?

________________________________________

Q # 02: The inconsistency in the formation of SMEs policy is mainly caused by

which of the following factor?

AP

oor Performance of SME Sector

BC

entral Role of Landlord in Policy Making

C

Changing Priorities of Government due to Political Instability

DT

here is effort is made to develop a SME Policy

http://www.vuaskari.com/

________________________________________

Q # 03: In Pakistan, due to least involvement of SME sector, which of the

following trends was emerged in early 70s?

AE

mergence of Large-Scale Units Only

BC

onvergence of Wealth in Few Hands

CS

upply of Large Loans only by Banking Sector

D

All of the Given Options

________________________________________

Q # 04: Lack of experience is the number one cause of small business failures.

AT

rue

B False

________________________________________

Q # 05: Which of the following factors encourage the development of SME sector

EXCEPT:

A Low Level of Financing

BE

mployment Generation

C

Vendor Based Development

DS

haky Confidence of Businessmen

Q # 01: Energetic aptitude is the prime psychological derive that motivates the

entrepreneur towards accomplishment and achieving a goal that possesses reasonable

challenge to an individual’s competence.

http://www.vuaskari.com/

AT

rue

B False

A

They encourage innovation and flexibility.

BT

hey do not maintain close relationships with customers and community.

CT

hey make larger firms uncompetitive

DT

hey generate less employment.

Q # 01: In today's economy, entrepreneurs are seen as heroes.

AT

rue

B False

Q # 05: Small business owners tend to be power and prestige oriented.

AT

rue

B False

Q # 01: Which of the following factor contributes positively in the development of

SME sector?

AE

ntrepreneurial Development

B

Vendor Based Development

CJust Distribution of Resources and Profits

http://www.vuaskari.com/

D

All of the Given Options

________________________________________

Q # 02: The IMF conditions and poor recovery rate of huge borrowings played a

major role in creating a negative point for the progress curve in Pakistan.

AT

rue

B False

________________________________________

Q # 03: The pre-requisites for the development of SME sector rest heavily on

which of the following?

A Infrastructure to fulfill the needs of SME sector

B

A banking system customized for SME development

C

One window operation

D

All of the Given Options

________________________________________

Q # 04: One hallmark of true entrepreneurs is their ability to adapt to the changing

demands of their customers and businesses.

AT

rue

B False

________________________________________

Q # 05: Which of these represent a small business characteristic?

A

http://www.vuaskari.com/

Focus is on efficiency

BP

referred funding source is other people's money

C

Approach to human resource is to professionalize

D

Delegation is essential

Q # 01: Studies indicate that the opportunity to make a difference is a significant

benefit in the eyes of most entrepreneurs.

AT

rue

B False

________________________________________

Q # 02: The institution “Directorate of Industries” established in 1976, is currently

working in which of the province of Pakistan?

AP

unjab

BS

indh

C

NWFP

DB

alochistan

________________________________________

Q # 03: In 1972, for the development of SME sector, government of Pakistan

established provincial departments. In which province/s these departments was/were

established?

A

http://www.vuaskari.com/

In Punjab only

B In Punjab and Sindh only

CI

n Punjab, Sindh and NWFP

D In all Provinces

________________________________________

Q # 04: In order to meet the financial requirements of SME sector, Small Business

Finance Corporation (SBFC) was established but this institution failed to deliver because

of which of the following reasons?

A

Weak Internal Control System

B Poor Work Ethics

C

Highly Ineffective and Poor Human Resources

D

All of the given Options

________________________________________

Q # 05: In year 2000, after restructuring of Small Business Finance Corporation

(SBFC), how many branches were reduced to increase the efficiency level?

A2

3

B3

3

C4

3

D5

3

http://www.vuaskari.com/

Q # 01: The implementation of a creative idea or opportunity leading to profitable,

effective outcomes refers to which of the following?

AI

nnovation

BT

echnology Transfer

CE

ntrepreneurial Alertness

D

Opportunity Recognition

________________________________________

Q # 02: Which of the following NGO types has broad functions to influence public

interest?

A

Association Type Organizations

BS

upport Organizations

C

Community Organizations

DT

echnical intervention NGOs

________________________________________

Q # 03: One of the main objectives of SMEDA is policy formulation to encourage

the growth of SMEs in the country and to advise the Government on fiscal and monetary

issues related to SMEs.

AT

rue

B False

________________________________________

Q # 04: Which of the following is true about “Golden Handshakes”?

A It can be sweeteners for mandatory retirement

http://www.vuaskari.com/

B It is a

form of Employee Benefits

C Is almost used like a

punishment

DS

tatements are correct within certain context

________________________________________

Q # 05: The activities like conducting sector studies, developing feasibility reports

and doing analysis for SMEs’ development, are beyond the scope of working of SMEDA.

AT

rue

B False

Q # 01: The policy issues regarding SME development emerged because the

policy makers have more inclination towards:

AT

heir own personal gains

BL

arge Scale Businesses

CT

rade Liberalization

DP

olitical Bribery

________________________________________

Q # 02: Which of the following institutions is NOT facilitating directly the

business activity of SME sector in Pakistan?

A Board of Investment (

BOI)

BE

xport Promotion Bureau (EPB)

C

http://www.vuaskari.com/

Federal Board of Revenue (FBR)

D

Karachi Stock Exchange (KSE)

________________________________________

Q # 03: For development of SME sector, market driven support programs are

important to attain substantiality, maximize the potential for cooperation with the private

sector, and minimize the distortions in the economy.

AT

rue

B False

________________________________________

Q # 04: Under the SME Sector Development Program, it is expected that SMEDA

execute following activities EXCEPT:

AP

repare Government documents on policy regarding SME

B

Develop drafts relevant for laws and regulations

CC

reate coordination among different departments of Government

D

Develop programs to attract foreign investment for SME

________________________________________

Q # 05: Stability and consistency in the policy making are necessary conditions for

achieving and sustaining high levels of economic development of SME sector.

AT

rue

B False

http://www.vuaskari.com/

Q # 01: Why a division of small, medium and large is made for different

businesses?

A

Due to Amount Business Activity

B

Due to Volume of Capital Involved

CP

lan to sublease your premises and relocate to larger quarters

DP

rovide for this contingency in your lease

Q # 02: In early definitions of SMEs, which of the following factors has prior

importance?

A Level of Capital

B

Number of Employees

CC

apacity of Production

D

Annual Revenues

________________________________________

Q # 03: According to Committee on Economic Development, to declare a business

as 'small', how many minimum number of parameters should be considered?

AT

wo

BT

hree

C

All parameters given by committee

DThere is no such restriction

http://www.vuaskari.com/

Q # 04: In most of SMEs, the style of management is:

A Least Centralized

B

Highly Decentralized

C

Highly Centralized

D

Not a important matter

Q # 05: According to latest definition, a business is said to be large if number of

employees are

A

More than 9

B

More than 49

C

More than 79

D

More than 99

Q # 01: Every country has adopted a standard definition of SME, despite the

regional differences.

AT

rue

B False

Q # 02: The letter ‘E’, in ‘SME’ stands for which of the following?

http://www.vuaskari.com/

AE

nterprise

BE

ntrepreneur

CE

ntrepreneurship

DE

ntrapreneurship

________________________________________

Q # 03: Each country especially Pakistan, has revised the definition of SMEs after

certain interval of time because of which following reasons?

A Fluctuating Performance of SME Sector

BC

hange in priorities of Government

CL

ack of understanding about importance of SME sector

D Lack of consensus among different institutions linked with SME sector

________________________________________

Q # 04: Small business does well in developing markets as it can easily absorb the

changes in the business world.

AT

rue

B False

________________________________________

Q # 05: In most of the countries, there is no difference between ‘cottage industry’

and ‘micro industry’.

AT

rue

B False

http://www.vuaskari.com/

Q # 01: If large business provides materials and components to small business that

process the same into finished goods, then this is called:

AJ

ob Sub-Contracting

BP

urchase Sub- Contracting

C Franchised sub-Contracting

DT

rade Sub-Contracting

________________________________________

Q # 02: If a product is manufactured by small company purchased by a big unit as

an accessory like plastic dust covers for video recorders, electronic passive components

or packaging than this relationship between large business and small business is called

complimentary business.

AT

rue

B False

________________________________________

Q # 03: In job sub-contracting, small business procures material and than

manufactures a specific part or component needed by a particular large unit.

AT

rue

B False

________________________________________

http://www.vuaskari.com/

Q # 04: In Pakistan, each province has adopted how many parameters to coin the

proper definition of SMEs?

AT

wo

BT

hree

C Four

D It varies from each province

________________________________________

Q # 05: In Pakistan, the business is divided in how many levels?

A3

Levels (Small, Medium, Large)

B4

Levels (Micro, Small, Medium, Large)

C5

Levels (Cottage, Micro, Small, Medium, Large)

DT

here is no such division

Q # 01: Which one of the following institutions has introduced the definition of

‘micro business’ for the first time in Pakistan?

AS

tate Bank of Pakistan

BS

MEDA

C

Ministry of Commerce

DC

hamber of Commerce and Industry

________________________________________

http://www.vuaskari.com/

Q # 02: Which of the following is true to transfer a business from micro level to

medium level?

A

When the number of employees increases but productive assets limit unchanged

B

When the number of employees remains same but productive assets limit increases

C

When both; the number of employees and productive assets limit increases

DT

here is no such division of micro-level and medium level

________________________________________

Q # 03: The economic power of both small business and large business is different

because the small business is in no position to influence its immediate economic

involvement but big business does.

AT

rue

B False

________________________________________

Q # 04: Small businesses are unable to survive well in a bad business conditions

due to having slow and inflexible capability of bringing changes in cost and labor.

AT

rue

B False

________________________________________

Q # 05: Which of the following countries deduce the definitions of SMEs for the

legal purposes only and other deciding factors were kept as landmarks?

A

West Germany, Australia and Norway

B India, China and Japan

C

http://www.vuaskari.com/

Denmark, Australia and USA

DT

here is not a single country that is following such criteria

Question # 1 of 10 ( Start time: 10:49:26 AM ) Total Marks: 1

For a SME, receipts are the example of which type of following loan.

Select correct option:

Short – Term Loan

Medium – Term Loan

Long – Term Loan

Unlimited Loan

Question # 2 of 10 ( Start time: 10:51:05 AM ) Total Marks: 1

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

Select correct option:

India

Pakistan

China

All are at same Level

http://www.vuaskari.com/

Question # 3 of 10 ( Start time: 10:52:29 AM ) Total Marks: 1

Following are the methods which can be used to find new ideas for a product EXCEPT:

Select correct option:

Novel Use of Known Products

Ancillarisation

Watching Trends in Fashions

Market Myopia

Question # 4 of 10 ( Start time: 10:53:53 AM ) Total Marks: 1

Which of the following is the expressed form of WEBCOP?

Select correct option:

Workers Employers Bilateral Council of Pakistan

Welfare of Employees Bilateral Convention of Pakistan

Workers Employees Bilateral Committee of Pakistan

Welfare Employers Bilateral Commission of Pakistan

Question # 8 of 10 ( Start time: 11:00:57 AM ) Total Marks: 1

A loan for a period of 5 years or less is said to be:

Select correct option:

Short – Term Loan

Medium – Term Loan

Long – Term Loan

Unlimited Loan

When National Planning Committee (NPC) was developed?

Select correct option:

1935

1936

1937

1938

Question # 1 of 15 ( Start time: 07:48:47 PM ) Total Marks: 1

The rate of interest charged for soft loan is at

_______________.http://www.vuaskari.com/

Select correct option:

Below market rate

Above market rate

Twice the market rate

http://www.vuaskari.com/

Zero present rate

Question # 3 of 15 ( Start time: 07:51:04 PM ) Total Marks: 1

Which of the following term is defined as: “The initial equity capital used to start a new

venture or business” http://www.vuaskari.com/

Select correct option:

Venture Capital

Seed Money

Seed Capital

All of the given options

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

Question # 5 of 15 ( Start time: 07:53:34 PM ) Total Marks: 1

With which of the following ministries SMEDA is directly attached?

Select correct option:

Ministry of Commerce

Ministry of Economic Affairs & Statistics

Ministry of Industry and Production

Ministry of Planning & Development

Question # 6 of 15 ( Start time: 07:55:00 PM ) Total Marks: 1

Which of the following is the expressed form of PCSIR?

Select correct option: http://www.vuaskari.com/

Pakistan Centre of Systematic and Institutional Research

Pakistan Council for Scientific and Industrial Research

Pakistan Commission for Skill and Instructional Record

Pakistan Core Scientific Information Resources

Question # 8 of 15 ( Start time: 07:57:15 PM ) Total Marks: 1

How many industrial estates were developed by Punjab Small Industries Corporation

(PSIC)? (as per survey 2001)

Select correct option:

10

14

18

22

Question # 7 of 15 ( Start time: 07:56:01 PM ) Total Marks: 1

What is the percentage of those entrepreneurs whose get formal college education,

according to survey conducted by world bank? http://www.vuaskari.com/

http://www.vuaskari.com/

Select correct option:

10%

30%

60%

80%

Question # 9 of 15 ( Start time: 07:58:10 PM ) Total Marks: 1

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

business? http://www.vuaskari.com/

Select correct option:

Number of workers

Share in the economy

Business turnover

Total assets

Question # 10 of 15 ( Start time: 07:59:34 PM ) Total Marks: 1

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

located?

Select correct option:

Islamabad

Lahore

Karachi

Sailkot

Question # 11 of 15 ( Start time: 08:00:20 PM ) Total Marks: 1

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

Select correct option: http://www.vuaskari.com/

Board of Investment

Board of Investigation

Broad Opportunity of Investment

Bureau of Inquiry

Question # 12 of 15 ( Start time: 08:00:47 PM ) Total Marks: 1

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.

Select correct option:

Manufacturing

Trading/Services

Industry

Exporting

Question # 13 of 15 ( Start time: 08:02:07 PM ) Total Marks: 1

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: http://www.vuaskari.com/

Merchandising

http://www.vuaskari.com/

Purchase sub-contracting

Complementary products

Job sub-contracting

Question # 14 of 15 ( Start time: 08:03:24 PM ) 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 # 15 of 15 ( Start time: 08:04:30 PM ) Total Marks: 1

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?

Select correct option:

Micro

Small

Medium

Macro

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? http://www.vuaskari.com/

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:

http://www.vuaskari.com/

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

http://www.vuaskari.com/

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

http://www.vuaskari.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

http://www.vuaskari.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

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

http://www.vuaskari.com/

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

http://www.vuaskari.com/

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

http://www.vuaskari.com/

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

http://www.vuaskari.com/

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

http://www.vuaskari.com/

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:

http://www.vuaskari.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:

United Nation Diagnostic Plan

United Nation Development Program

United Nation Dynamic Profile

http://www.vuaskari.com/

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

http://www.vuaskari.com/

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? http://www.vuaskari.com/

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: http://www.vuaskari.com/

http://www.vuaskari.com/

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.vuaskari.com/

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:

http://www.vuaskari.com/

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:

http://www.vuaskari.com/

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)

http://www.vuaskari.com/

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

http://www.vuaskari.com/

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:

`nowledge 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?

Select correct option:

By fostering changes

By subcontracting

By sharing risk

By serving the same market

http://www.vuaskari.com/

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

http://www.vuaskari.com/

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

http://www.vuaskari.com/

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

http://www.vuaskari.com/

Question No: 21 ( Marks: 1 ) - 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

http://www.vuaskari.com/

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.

http://www.vuaskari.com/

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

Q # 01: Which of the following factor contributes positively in the development of

SME sector?

AE

ntrepreneurial Development

B

Vendor Based Development

CJust Distribution of Resources and Profits

http://www.vuaskari.com/

D

All of the Given Options

________________________________________

Q # 02: The IMF conditions and poor recovery rate of huge borrowings played a

major role in creating a negative point for the progress curve in Pakistan.

AT

rue

B False

________________________________________

Q # 03: The pre-requisites for the development of SME sector rest heavily on

which of the following?

A Infrastructure to fulfill the needs of SME sector

B

A banking system customized for SME development

C

One window operation

D

All of the Given Options

________________________________________

Q # 04: One hallmark of true entrepreneurs is their ability to adapt to the changing

demands of their customers and businesses.

AT

rue

B False

________________________________________

Q # 05: Which of these represent a small business characteristic?

A

http://www.vuaskari.com/

Focus is on efficiency

BP

referred funding source is other people's money

C

Approach to human resource is to professionalize

D

Delegation is essential

Q # 01: Studies indicate that the opportunity to make a difference is a significant

benefit in the eyes of most entrepreneurs.

AT

rue

B False

________________________________________

Q # 02: The institution “Directorate of Industries” established in 1976, is currently

working in which of the province of Pakistan?

AP

unjab

BS

indh

C

NWFP

DB

alochistan

________________________________________

Q # 03: In 1972, for the development of SME sector, government of Pakistan

established provincial departments. In which province/s these departments was/were

established?

A

http://www.vuaskari.com/

In Punjab only

B In Punjab and Sindh only

CI

n Punjab, Sindh and NWFP

D In all Provinces

________________________________________

Q # 04: In order to meet the financial requirements of SME sector, Small Business

Finance Corporation (SBFC) was established but this institution failed to deliver because

of which of the following reasons?

A

Weak Internal Control System

B Poor Work Ethics

C

Highly Ineffective and Poor Human Resources

D

All of the given Options

________________________________________

Q # 05: In year 2000, after restructuring of Small Business Finance Corporation

(SBFC), how many branches were reduced to increase the efficiency level?

A2

3

B3

3

C4

3

D5

3

http://www.vuaskari.com/

Q # 01: The implementation of a creative idea or opportunity leading to profitable,

effective outcomes refers to which of the following?

AI

nnovation

BT

echnology Transfer

CE

ntrepreneurial Alertness

D

Opportunity Recognition

________________________________________

Q # 02: Which of the following NGO types has broad functions to influence public

interest?

A

Association Type Organizations

BS

upport Organizations

C

Community Organizations

DT

echnical intervention NGOs

________________________________________

Q # 03: One of the main objectives of SMEDA is policy formulation to encourage

the growth of SMEs in the country and to advise the Government on fiscal and monetary

issues related to SMEs.

AT

rue

B False

________________________________________

Q # 04: Which of the following is true about “Golden Handshakes”?

A It can be sweeteners for mandatory retirement

http://www.vuaskari.com/

B It is a

form of Employee Benefits

C Is almost used like a

punishment

DS

tatements are correct within certain context

________________________________________

Q # 05: The activities like conducting sector studies, developing feasibility reports

and doing analysis for SMEs’ development, are beyond the scope of working of SMEDA.

AT

rue

B False

Q # 01: The policy issues regarding SME development emerged because the

policy makers have more inclination towards:

AT

heir own personal gains

BL

arge Scale Businesses

CT

rade Liberalization

DP

olitical Bribery

________________________________________

Q # 02: Which of the following institutions is NOT facilitating directly the

business activity of SME sector in Pakistan?

A Board of Investment (

BOI)

BE

xport Promotion Bureau (EPB)

C

http://www.vuaskari.com/

Federal Board of Revenue (FBR)

D

Karachi Stock Exchange (KSE)

________________________________________

Q # 03: For development of SME sector, market driven support programs are

important to attain substantiality, maximize the potential for cooperation with the private

sector, and minimize the distortions in the economy.

AT

rue

B False

________________________________________

Q # 04: Under the SME Sector Development Program, it is expected that SMEDA

execute following activities EXCEPT:

AP

repare Government documents on policy regarding SME

B

Develop drafts relevant for laws and regulations

CC

reate coordination among different departments of Government

D

Develop programs to attract foreign investment for SME

________________________________________

Q # 05: Stability and consistency in the policy making are necessary conditions for

achieving and sustaining high levels of economic development of SME sector.

AT

rue

B False

http://www.vuaskari.com/

Q # 01: Why a division of small, medium and large is made for different

businesses?

A

Due to Amount Business Activity

B

Due to Volume of Capital Involved

CP

lan to sublease your premises and relocate to larger quarters

DP

rovide for this contingency in your lease

Q # 02: In early definitions of SMEs, which of the following factors has prior

importance?

A Level of Capital

B

Number of Employees

CC

apacity of Production

D

Annual Revenues

________________________________________

Q # 03: According to Committee on Economic Development, to declare a business

as 'small', how many minimum number of parameters should be considered?

AT

wo

BT

hree

C

All parameters given by committee

DThere is no such restriction

http://www.vuaskari.com/

Q # 04: In most of SMEs, the style of management is:

A Least Centralized

B

Highly Decentralized

C

Highly Centralized

D

Not a important matter

Q # 05: According to latest definition, a business is said to be large if number of

employees are

A

More than 9

B

More than 49

C

More than 79

D

More than 99

Q # 01: Every country has adopted a standard definition of SME, despite the

regional differences.

AT

rue

B False

Q # 02: The letter ‘E’, in ‘SME’ stands for which of the following?

http://www.vuaskari.com/

AE

nterprise

BE

ntrepreneur

CE

ntrepreneurship

DE

ntrapreneurship

________________________________________

Q # 03: Each country especially Pakistan, has revised the definition of SMEs after

certain interval of time because of which following reasons?

A Fluctuating Performance of SME Sector

BC

hange in priorities of Government

CL

ack of understanding about importance of SME sector

D Lack of consensus among different institutions linked with SME sector

________________________________________

Q # 04: Small business does well in developing markets as it can easily absorb the

changes in the business world.

AT

rue

B False

________________________________________

Q # 05: In most of the countries, there is no difference between ‘cottage industry’

and ‘micro industry’.

AT

rue

B False

http://www.vuaskari.com/

Q # 01: If large business provides materials and components to small business that

process the same into finished goods, then this is called:

AJ

ob Sub-Contracting

BP

urchase Sub- Contracting

C Franchised sub-Contracting

DT

rade Sub-Contracting

________________________________________

Q # 02: If a product is manufactured by small company purchased by a big unit as

an accessory like plastic dust covers for video recorders, electronic passive components

or packaging than this relationship between large business and small business is called

complimentary business.

AT

rue

B False

________________________________________

Q # 03: In job sub-contracting, small business procures material and than

manufactures a specific part or component needed by a particular large unit.

AT

rue

B False

________________________________________

http://www.vuaskari.com/

Q # 04: In Pakistan, each province has adopted how many parameters to coin the

proper definition of SMEs?

AT

wo

BT

hree

C Four

D It varies from each province

________________________________________

Q # 05: In Pakistan, the business is divided in how many levels?

A3

Levels (Small, Medium, Large)

B4

Levels (Micro, Small, Medium, Large)

C5

Levels (Cottage, Micro, Small, Medium, Large)

DT

here is no such division

Q # 01: Which one of the following institutions has introduced the definition of

‘micro business’ for the first time in Pakistan?

AS

tate Bank of Pakistan

BS

MEDA

C

Ministry of Commerce

DC

hamber of Commerce and Industry

________________________________________

http://www.vuaskari.com/

Q # 02: Which of the following is true to transfer a business from micro level to

medium level?

A

When the number of employees increases but productive assets limit unchanged

B

When the number of employees remains same but productive assets limit increases

C

When both; the number of employees and productive assets limit increases

DT

here is no such division of micro-level and medium level

________________________________________

Q # 03: The economic power of both small business and large business is different

because the small business is in no position to influence its immediate economic

involvement but big business does.

AT

rue

B False

________________________________________

Q # 04: Small businesses are unable to survive well in a bad business conditions

due to having slow and inflexible capability of bringing changes in cost and labor.

AT

rue

B False

________________________________________

Q # 05: Which of the following countries deduce the definitions of SMEs for the

legal purposes only and other deciding factors were kept as landmarks?

A

West Germany, Australia and Norway

B India, China and Japan

C

http://www.vuaskari.com/

Denmark, Australia and USA

DT

here is not a single country that is following such criteria

Question # 1 of 10 ( Start time: 10:49:26 AM ) Total Marks: 1

For a SME, receipts are the example of which type of following loan.

Select correct option:

Short – Term Loan

Medium – Term Loan

Long – Term Loan

Unlimited Loan

Question # 2 of 10 ( Start time: 10:51:05 AM ) Total Marks: 1

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

Select correct option:

India

Pakistan

China

All are at same Level

http://www.vuaskari.com/

Question # 3 of 10 ( Start time: 10:52:29 AM ) Total Marks: 1

Following are the methods which can be used to find new ideas for a product EXCEPT:

Select correct option:

Novel Use of Known Products

Ancillarisation

Watching Trends in Fashions

Market Myopia

Question # 4 of 10 ( Start time: 10:53:53 AM ) Total Marks: 1

Which of the following is the expressed form of WEBCOP?

Select correct option:

Workers Employers Bilateral Council of Pakistan

Welfare of Employees Bilateral Convention of Pakistan

Workers Employees Bilateral Committee of Pakistan

Welfare Employers Bilateral Commission of Pakistan

Question # 8 of 10 ( Start time: 11:00:57 AM ) Total Marks: 1

A loan for a period of 5 years or less is said to be:

Select correct option:

Short – Term Loan

Medium – Term Loan

Long – Term Loan

Unlimited Loan

http://www.vuaskari.com/

Question # 9 of 10 ( Start time: 11:01:42 AM ) Total Marks: 1

Which of the following features can NOT be evaluated by cash flow statement?

Select correct option:

Company’s ability to generate positive cash flows

Company’s ability to pay dividends

Company’s amount required for depreciation

Company’s need for external financing

MID TERM SUBJECTIVE QUESTION

OF

SME MANAGEMENT (MGT601)

SOLVED

Prepared By: AMMAR AHMED

(mc080400850@vu.edu.pk)

Q* technical feasibility(3)

ANS:-

1. Technical Feasibility

It covers the following:

a) Identification of critical technical specifications comprising

a. The functional design of the product.

b. Adaptability to the new customer demand.

c. Durability

d. Reliability of performance.

e. Safety

f. Reasonable utility (i.e. acceptable level of obsolescence)

g. Standardization (i.e. elimination of unnecessary variety)

Q* you are a manger of fan company , ur sales volume is low,

how do you improve ur sales volume(5)

ANS:_

1) improvement of product

2) marketing

3) ads in newz papers and professional journals, tv

advertisemrnt

4) free samples with ur product

5) low pricesss

Q* market myopia (5)

ANS:-

Market Myopia:-

A shortsighted approach of concentrating on production rather

than on marketability could lead to avoidable disaster. An

entrepreneur may fail to properly assess

the market acceptability of his product. He may not appreciate

that no product can become instantaneously profitable or could

have an endurable success. Selection of the right time for

introducing the product is important for its success. If actions

are taken too soon or too late, it will result in failure.

Q* Environment post operative problems(5 marks)

ANS_

• Environmental Causes:

o Changes in government policy;

o Changes in social or political conditions;

o Inflationary pressures leading to increases in the input cost.

Q* The benefits that SME enjoy in environmental issues(5

marks)

ANS:-

1) effectiveness of the technology

2) stabilization

3) capabilities to manage

4) generate

5) technological change

The benifits that SME not enjoy(2 marks)

ANS:-

1) ineffectively exploit available technology options

2) inefficiently utilize the transferred technologies

Paper # 3:-

Q* “A drain having polluted water from one factory may be used

to some other industry and suffer bad effects of pollution” This

is an example of ‘externality’ what do you

understand by term “externality”? Do you think externalities are

positive or

negative or both. Explain with examples. (3 marks)

ANS:-

Definition: An externality is an effect of a purchase or use

decision by one set of parties on others who did not have a

choice and whose interests were not taken into

account.

Classic example of a negative externality: pollution, generated

by some productive enterprise, and affecting others who

had no choice and were probably not taken nto account.

Example of a positive externality: Purchase a car of a certain

model increases demand and thus availability

for mechanics who know that kind of car, which improves the

situation for others owning that model.

Q* When you plan a new business, you create a contingency

fund to guard against unforeseen natural

calamities. Write different natural calamities that are constant

threat for your business. 3 marks

ANS:-

Natural calamities such as burglaries, earthquakes, fire etc.

Q* How will you overcome you lack of experience to avoid the

failure of you SME venture? 5 marks

ANS:-

The key ingredient-the crucial element-to avoiding the failure

of a new business is knowing the business.

Due to inadequate study of SME sector, our entrepreneur failed

to sustain their new business. Provide different reasons which

may cause the failure of a new business? 5

marks

ANS:-

1) Inadequate R&D facilities

2) Lack of skills & experience

3) insufficient information on technological cooperation

Q* question About entrepreneur?

an entrepreneur is “a person who organizes and manages a

business undertaking, assuming the risk for the sake of the

profit.” However, there is much more to entrepreneurship than

this simple definition.

Author and successful entrepreneur Michael Gerber once wrote,

“The entrepreneur is our visionary, the creator in each of us.

We're born with that quality and

it defines our lives as we respond to what we see, hear, feel, and

experience. It is developed, nurtured, and given space to

flourish or is squelched, thwarted, without air or stimulation, and

dies.”

An entrepreneur’s age, educational background, and previous

business-related experience isn’t nearly as important as his or

her desire to learn and willingness to bounce back from the

obstacles associated with creating a new business endeavor.

Entrepreneurs are passionate about the products and

services their businesses sell, but their efforts benefit the

economy in other ways as well

Q* describe problems of small industries ?

ANS: PROBLEMS IN SMALL SCALE INDUSTRIES

Classification of the problems

 The internal problems.

 The external problems.

Internal problems

 A) Planning:

 a) Technical feasibility:-

 - Lack of technical know-how.

 - Locational disadvantage.

 - Outdated production process.

 b) Economic Viability:-

 - High cost of inputs.

 - Uneconomic size of the projects.

 - Underestimation of financial requirements.

 - Over estimation of demand.

 B)Implementation.

 C) Production.

 a) Production Management:

 - Poor quality control.

 - Poor capacity utilization.

 - Poor inventory management.

 - Inadequate maintenance.

 - High wastage.

b) Labour management:-

 - Inefficient handling of labour problems.

 - Excessive manpower.

 - Lack of trained and skilled labour.

 c) Marketing management:-

 - Dependence on a single or small group of customers.

 - Defective pricing policy.

 - Lack of market research.

 d) Financial management:-

 - Liberal dividend policy.

 - Inadequate working capital.

 e) Administrative management:-

 - Over centralization.

 - Lack of professionalism.

 - Lack of feed-back to management.

 - Incompetent management.

External problems

 A) Infrastructural bottlenecks:-

 - Irregular supply of raw materials.

 - Transport bottlenecks.

 B) Financial bottlenecks:-

 C) Government controls and policies:-

 - Government price controls.

 - Change in government policies.

 D) Market constraints:-

 - Market saturation.

 - Technological advances rendering one’s product obsolete.

 E) Extraneous factors:-

 - Natural calamities.

 - Political situation.

 - War.

 - Strikes.

- Multiplicity of labour unions.

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 http://www.vuaskari.com/

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

________________________________________

Q # 02: The mental ability of a successful entrepreneur consists of all of the

following EXCEPT:

Intelligence

http://www.vuaskari.com/

Creative Thinking

Analytical Ability

Emotional Stability

________________________________________

Q # 03: The emergent entrepreneur of new century is eager to lead business world,

despite he is energetic, risk bearer and have inclination towards achievement but he must

be a gambler.

AT

rue

B False

________________________________________

Q # 04: Which of the following is NOT a distinctive quality of a successful

entrepreneur?

AE

xhibit Mental Ability (Intelligence, Creative Thinking and Analytical Ability)

B

Have Technical Knowledge (Analysis and interpretation of financial records)

C

Risk Taker like Gambler (Go for profit, put every thing in business)

D

Demonstrate Human Relationships (Emotional stability, sociability, tactfulness, empathy)

________________________________________

Q # 05: For an entrepreneur money is cavalier, i.e. money is not a principal

obsession and he values money but not for itself but for as a measure of his

accomplishment. http://www.vuaskari.com/

AT

rue

B False

http://www.vuaskari.com/

Q # 01: You are studying SME Management as a course because entrepreneurial

education:

A

Has become extremely popular

B

Universities are not able to meet the demand

C

More courses are being offered in entrepreneurship

D

All of the Given Options

________________________________________

Q # 02: Entrepreneurs seem to be characterized by:

A

A desire for money

B

An inability to organize but strong conceptual skills

C

A desire to work alone because of weak management skills and a need for control

D

A high energy level

________________________________________

Q # 03: The owners of small businesses start their business because they believe

that:

AT

hey work harder on their own than if they worked for someone else

BT

hey earn less than if they worked for someone else

CT

hey are less satisfied than if they worked for someone else

DT

hey have high inclination towards power and autonomy

________________________________________

http://www.vuaskari.com/

Q # 04: More businesses are started by individuals between ____ than at any other

age.

A

Under 25

B2

5–34

C3

5–44

D4

5–54

________________________________________

Q # 05: Family businesses face which of the following as a major threat?

A

Having Kids

B

Unbalance Social Life

C

Management Succession

DT

here is no such Threat

Q # 01: Two characteristics common to entrepreneurs are creativity and an eye for

opportunity.

AT

rue

B False

________________________________________

Q # 02: Forces driving the entrepreneurial trend in our economy include which of

the following?

http://www.vuaskari.com/

AT

echnological advancement

BS

hift to a service economy

C

World Wide Web

D

All of the given options

________________________________________

Q # 03: People who once saw launching a business risky now see it as an ideal

way to create their own job security.

AT

rue

B False

________________________________________

Q # 04: Which of the following is NOT a common characteristic of entrepreneurs?

A

Desire for responsibility

BB

usiness plan expertise

CP

reference for moderate risk

D

High energy level

________________________________________

Q # 05: In start-ups, it is often safest to be a "me-too" business, follow the leaders

in the market until sufficient cash flow develops to permit R & D into new and innovate

products.

AT

rue

B False

http://www.vuaskari.com/

________________________________________

Q # 02: Money driven and wild risk takers are both:

AC

ommon characteristics of entrepreneurs

BE

ntrepreneur’s techniques to success

C

Common misconceptions of entrepreneurs

D Familiar requirements of every entrepreneur

________________________________________

Q # 03: Small businesses create more jobs than either medium or large businesses.

AT

rue

B False

________________________________________

Q # 04: Small businesses thrive in every industry, but the majority of them are in

which of the following?

A

General Construction Industry

B

Retail Businesses

C

Manufacturing

DS

ervice Industries

________________________________________

http://www.vuaskari.com/

Q # 05: In most of the cases, the primary cause of business failure is related to

which of the following?

A Improper managerial attitude

BP

oor financial controls

CI

ncompetent management

D Location

Q # 03: The personal objectives of small business owners tend to be

_____________, as opposed to those of managers of large firms, who tend to be

__________________.

AP

restige oriented; independence oriented

B

Achievement oriented; prestige oriented

CP

ower oriented; prestige oriented

DP

restige oriented; achievement oriented

Q # 01: Which of the following is NOT a common barrier in the path of

entrepreneurship?

A

Not Have of Viable Concept

B Little of Market Knowledge

CE

fficient in Technical Skills

D Lacking Seed Capital

http://www.vuaskari.com/

Q # 02: Entrepreneurship has a role in increasing productivity and the key to

increase productivity include all of the following EXCEPT:

AR

esearch and Development

B Investment in Plant and Machinery and Human Resources

CI

mitation Ability to Utilize and Allocation of Resource

DR

ealization of Internal and External Economies of Scale

Q # 04: A small business stays in touch with its customers, suppliers, and

community better than a large business does:

AT

rue

B False

________________________________________

Q # 01: According to the text, how do small firms differ from their larger

competitors?

________________________________________

Q # 02: The inconsistency in the formation of SMEs policy is mainly caused by

which of the following factor?

AP

oor Performance of SME Sector

BC

entral Role of Landlord in Policy Making

C

Changing Priorities of Government due to Political Instability

DT

here is effort is made to develop a SME Policy

http://www.vuaskari.com/

________________________________________

Q # 03: In Pakistan, due to least involvement of SME sector, which of the

following trends was emerged in early 70s?

AE

mergence of Large-Scale Units Only

BC

onvergence of Wealth in Few Hands

CS

upply of Large Loans only by Banking Sector

D

All of the Given Options

________________________________________

Q # 04: Lack of experience is the number one cause of small business failures.

AT

rue

B False

________________________________________

Q # 05: Which of the following factors encourage the development of SME sector

EXCEPT:

A Low Level of Financing

BE

mployment Generation

C

Vendor Based Development

DS

haky Confidence of Businessmen

Q # 01: Energetic aptitude is the prime psychological derive that motivates the

entrepreneur towards accomplishment and achieving a goal that possesses reasonable

challenge to an individual’s competence.

http://www.vuaskari.com/

AT

rue

B False

A

They encourage innovation and flexibility.

BT

hey do not maintain close relationships with customers and community.

CT

hey make larger firms uncompetitive

DT

hey generate less employment.

Q # 01: In today's economy, entrepreneurs are seen as heroes.

AT

rue

B False

Q # 05: Small business owners tend to be power and prestige oriented.

AT

rue

B False

Q # 01: Which of the following factor contributes positively in the development of

SME sector?

AE

ntrepreneurial Development

B

Vendor Based Development

CJust Distribution of Resources and Profits

http://www.vuaskari.com/

D

All of the Given Options

________________________________________

Q # 02: The IMF conditions and poor recovery rate of huge borrowings played a

major role in creating a negative point for the progress curve in Pakistan.

AT

rue

B False

________________________________________

Q # 03: The pre-requisites for the development of SME sector rest heavily on

which of the following?

A Infrastructure to fulfill the needs of SME sector

B

A banking system customized for SME development

C

One window operation

D

All of the Given Options

________________________________________

Q # 04: One hallmark of true entrepreneurs is their ability to adapt to the changing

demands of their customers and businesses.

AT

rue

B False

________________________________________

Q # 05: Which of these represent a small business characteristic?

A

http://www.vuaskari.com/

Focus is on efficiency

BP

referred funding source is other people's money

C

Approach to human resource is to professionalize

D

Delegation is essential

Q # 01: Studies indicate that the opportunity to make a difference is a significant

benefit in the eyes of most entrepreneurs.

AT

rue

B False

________________________________________

Q # 02: The institution “Directorate of Industries” established in 1976, is currently

working in which of the province of Pakistan?

AP

unjab

BS

indh

C

NWFP

DB

alochistan

________________________________________

Q # 03: In 1972, for the development of SME sector, government of Pakistan

established provincial departments. In which province/s these departments was/were

established?

A

http://www.vuaskari.com/

In Punjab only

B In Punjab and Sindh only

CI

n Punjab, Sindh and NWFP

D In all Provinces

________________________________________

Q # 04: In order to meet the financial requirements of SME sector, Small Business

Finance Corporation (SBFC) was established but this institution failed to deliver because

of which of the following reasons?

A

Weak Internal Control System

B Poor Work Ethics

C

Highly Ineffective and Poor Human Resources

D

All of the given Options

________________________________________

Q # 05: In year 2000, after restructuring of Small Business Finance Corporation

(SBFC), how many branches were reduced to increase the efficiency level?

A2

3

B3

3

C4

3

D5

3

http://www.vuaskari.com/

Q # 01: The implementation of a creative idea or opportunity leading to profitable,

effective outcomes refers to which of the following?

AI

nnovation

BT

echnology Transfer

CE

ntrepreneurial Alertness

D

Opportunity Recognition

________________________________________

Q # 02: Which of the following NGO types has broad functions to influence public

interest?

A

Association Type Organizations

BS

upport Organizations

C

Community Organizations

DT

echnical intervention NGOs

________________________________________

Q # 03: One of the main objectives of SMEDA is policy formulation to encourage

the growth of SMEs in the country and to advise the Government on fiscal and monetary

issues related to SMEs.

AT

rue

B False

________________________________________

Q # 04: Which of the following is true about “Golden Handshakes”?

A It can be sweeteners for mandatory retirement

http://www.vuaskari.com/

B It is a

form of Employee Benefits

C Is almost used like a

punishment

DS

tatements are correct within certain context

________________________________________

Q # 05: The activities like conducting sector studies, developing feasibility reports

and doing analysis for SMEs’ development, are beyond the scope of working of SMEDA.

AT

rue

B False

Q # 01: The policy issues regarding SME development emerged because the

policy makers have more inclination towards:

AT

heir own personal gains

BL

arge Scale Businesses

CT

rade Liberalization

DP

olitical Bribery

________________________________________

Q # 02: Which of the following institutions is NOT facilitating directly the

business activity of SME sector in Pakistan?

A Board of Investment (

BOI)

BE

xport Promotion Bureau (EPB)

C

http://www.vuaskari.com/

Federal Board of Revenue (FBR)

D

Karachi Stock Exchange (KSE)

________________________________________

Q # 03: For development of SME sector, market driven support programs are

important to attain substantiality, maximize the potential for cooperation with the private

sector, and minimize the distortions in the economy.

AT

rue

B False

________________________________________

Q # 04: Under the SME Sector Development Program, it is expected that SMEDA

execute following activities EXCEPT:

AP

repare Government documents on policy regarding SME

B

Develop drafts relevant for laws and regulations

CC

reate coordination among different departments of Government

D

Develop programs to attract foreign investment for SME

________________________________________

Q # 05: Stability and consistency in the policy making are necessary conditions for

achieving and sustaining high levels of economic development of SME sector.

AT

rue

B False

Question # 3 of 15 ( Start time: 07:51:04 PM ) Total Marks: 1

Which of the following term is defined as: “The initial equity capital used to start a new

venture or business” http://www.vuaskari.com/

Select correct option:

Venture Capital

Seed Money

Seed Capital

All of the given options

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

Question # 5 of 15 ( Start time: 07:53:34 PM ) Total Marks: 1

With which of the following ministries SMEDA is directly attached?

Select correct option:

Ministry of Commerce

Ministry of Economic Affairs & Statistics

Ministry of Industry and Production

Ministry of Planning & Development

Question # 6 of 15 ( Start time: 07:55:00 PM ) Total Marks: 1

Which of the following is the expressed form of PCSIR?

Select correct option: http://www.vuaskari.com/

Pakistan Centre of Systematic and Institutional Research

Pakistan Council for Scientific and Industrial Research

Pakistan Commission for Skill and Instructional Record

Pakistan Core Scientific Information Resources

Question # 8 of 15 ( Start time: 07:57:15 PM ) Total Marks: 1

How many industrial estates were developed by Punjab Small Industries Corporation

(PSIC)? (as per survey 2001)

Select correct option:

10

14

18

22

Question # 7 of 15 ( Start time: 07:56:01 PM ) Total Marks: 1

What is the percentage of those entrepreneurs whose get formal college education,

according to survey conducted by world bank? http://www.vuaskari.com/

Come and Join Us at www.vustudents.ning.com

Select correct option:

10%

30%

60%

80%

Question # 9 of 15 ( Start time: 07:58:10 PM ) Total Marks: 1

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

business? http://www.vuaskari.com/

Select correct option:

Number of workers

Share in the economy

Business turnover

Total assets

Question # 10 of 15 ( Start time: 07:59:34 PM ) Total Marks: 1

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

located?

Select correct option:

Islamabad

Lahore

Karachi

Sailkot

Question # 11 of 15 ( Start time: 08:00:20 PM ) Total Marks: 1

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

Select correct option: http://www.vuaskari.com/

Board of Investment

Board of Investigation

Broad Opportunity of Investment

Bureau of Inquiry

Question # 12 of 15 ( Start time: 08:00:47 PM ) Total Marks: 1

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.

Select correct option:

Manufacturing

Trading/Services

Industry

Exporting

Question # 13 of 15 ( Start time: 08:02:07 PM ) Total Marks: 1

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: http://www.vuaskari.com/

Merchandising

Come and Join Us at www.vustudents.ning.com

Purchase sub-contracting

Complementary products

Job sub-contracting

Question # 14 of 15 ( Start time: 08:03:24 PM ) 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 # 15 of 15 ( Start time: 08:04:30 PM ) Total Marks: 1

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?

Select correct option:

Micro

Small

Medium

Macro

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? http://www.vuaskari.com/

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:

Come and Join Us at www.vustudents.ning.com

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

Come and Join Us at www.vustudents.ning.com

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

Come and Join Us at www.vustudents.ning.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

Come and Join Us at www.vustudents.ning.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

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

Come and Join Us at www.vustudents.ning.com

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

Come and Join Us at www.vustudents.ning.com

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

Come and Join Us at www.vustudents.ning.com

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

Come and Join Us at www.vustudents.ning.com

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

Come and Join Us at www.vustudents.ning.com

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:

Come and Join Us at www.vustudents.ning.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:

United Nation Diagnostic Plan

United Nation Development Program

United Nation Dynamic Profile

Come and Join Us at www.vustudents.ning.com

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

Come and Join Us at www.vustudents.ning.com

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? http://www.vuaskari.com/

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: http://www.vuaskari.com/

Come and Join Us at www.vustudents.ning.com

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.vuaskari.com/

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:

Come and Join Us at www.vustudents.ning.com

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:

Come and Join Us at www.vustudents.ning.com

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)

Come and Join Us at www.vustudents.ning.com

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

Come and Join Us at www.vustudents.ning.com

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:

`nowledge 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?

Select correct option:

By fostering changes

By subcontracting

By sharing risk

By serving the same market

Come and Join Us at www.vustudents.ning.com

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

Come and Join Us at www.vustudents.ning.com

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

Come and Join Us at www.vustudents.ning.com

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

Come and Join Us at www.vustudents.ning.com

Question No: 21 ( Marks: 1 ) - 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

Come and Join Us at www.vustudents.ning.com

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.

Come and Join Us at www.vustudents.ning.com

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 http://www.vuaskari.com/

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

Q # 02: The mental ability of a successful entrepreneur consists of all of the

following EXCEPT:

Intelligence

Come and Join Us at www.vustudents.ning.com

Creative Thinking

Analytical Ability

Emotional Stability

________________________________________

Q # 03: The emergent entrepreneur of new century is eager to lead business world,

despite he is energetic, risk bearer and have inclination towards achievement but he must

be a gambler.

AT

rue

B False

________________________________________

Q # 04: Which of the following is NOT a distinctive quality of a successful

entrepreneur?

AE

xhibit Mental Ability (Intelligence, Creative Thinking and Analytical Ability)

B

Have Technical Knowledge (Analysis and interpretation of financial records)

C

Risk Taker like Gambler (Go for profit, put every thing in business)

D

Demonstrate Human Relationships (Emotional stability, sociability, tactfulness, empathy)

________________________________________

Q # 05: For an entrepreneur money is cavalier, i.e. money is not a principal

obsession and he values money but not for itself but for as a measure of his

accomplishment. http://www.vuaskari.com/

AT

rue

B False

Come and Join Us at www.vustudents.ning.com

Q # 01: You are studying SME Management as a course because entrepreneurial

education:

A

Has become extremely popular

B

Universities are not able to meet the demand

C

More courses are being offered in entrepreneurship

D

All of the Given Options

________________________________________

Q # 02: Entrepreneurs seem to be characterized by:

A

A desire for money

B

An inability to organize but strong conceptual skills

C

A desire to work alone because of weak management skills and a need for control

D

A high energy level

________________________________________

Q # 03: The owners of small businesses start their business because they believe

that:

AT

hey work harder on their own than if they worked for someone else

BT

hey earn less than if they worked for someone else

CT

hey are less satisfied than if they worked for someone else

DT

hey have high inclination towards power and autonomy

________________________________________

Come and Join Us at www.vustudents.ning.com

Q # 04: More businesses are started by individuals between ____ than at any other

age.

A

Under 25

B2

5–34

C3

5–44

D4

5–54

________________________________________

Q # 05: Family businesses face which of the following as a major threat?

A

Having Kids

B

Unbalance Social Life

C

Management Succession

DT

here is no such Threat

Q # 01: Two characteristics common to entrepreneurs are creativity and an eye for

opportunity.

AT

rue

B False

________________________________________

Q # 02: Forces driving the entrepreneurial trend in our economy include which of

the following?

Come and Join Us at www.vustudents.ning.com

AT

echnological advancement

BS

hift to a service economy

C

World Wide Web

D

All of the given options

________________________________________

Q # 03: People who once saw launching a business risky now see it as an ideal

way to create their own job security.

A

True

B False

________________________________________

Q # 04: Which of the following is NOT a common characteristic of entrepreneurs?

A

Desire for responsibility

BB

usiness plan expertise

CP

reference for moderate risk

D

High energy level

________________________________________

Q # 05: In start-ups, it is often safest to be a "me-too" business, follow the leaders

in the market until sufficient cash flow develops to permit R & D into new and innovate

products.

AT

rue

B False

Come and Join Us at www.vustudents.ning.com

________________________________________

Q # 02: Money driven and wild risk takers are both:

AC

ommon characteristics of entrepreneurs

BE

ntrepreneur’s techniques to success

C

Common misconceptions of entrepreneurs

D Familiar requirements of every entrepreneur

________________________________________

Q # 03: Small businesses create more jobs than either medium or large businesses.

A

True

B False

________________________________________

Q # 04: Small businesses thrive in every industry, but the majority of them are in

which of the following?

A

General Construction Industry

B

Retail Businesses

C

Manufacturing

DS

ervice Industries

________________________________________

Come and Join Us at www.vustudents.ning.com

Q # 05: In most of the cases, the primary cause of business failure is related to

which of the following?

A Improper managerial attitude

BP

oor financial controls

C

Incompetent management

D Location

Q # 03: The personal objectives of small business owners tend to be

_____________, as opposed to those of managers of large firms, who tend to be

__________________.

AP

restige oriented; independence oriented

B

Achievement oriented; prestige oriented

CP

ower oriented; prestige oriented

DP

restige oriented; achievement oriented

Q # 01: Which of the following is NOT a common barrier in the path of

entrepreneurship?

A

Not Have of Viable Concept

B Little of Market Knowledge

CE

fficient in Technical Skills

D Lacking Seed Capital

Come and Join Us at www.vustudents.ning.com

Q # 02: Entrepreneurship has a role in increasing productivity and the key to

increase productivity include all of the following EXCEPT:

AR

esearch and Development

B Investment in Plant and Machinery and Human Resources

CI

mitation Ability to Utilize and Allocation of Resource

DR

ealization of Internal and External Economies of Scale

Q # 04: A small business stays in touch with its customers, suppliers, and

community better than a large business does:

AT

rue

B False

________________________________________

Q # 01: According to the text, how do small firms differ from their larger

competitors?

________________________________________

Q # 02: The inconsistency in the formation of SMEs policy is mainly caused by

which of the following factor?

AP

oor Performance of SME Sector

BC

entral Role of Landlord in Policy Making

C

Changing Priorities of Government due to Political Instability

DT

here is effort is made to develop a SME Policy

Come and Join Us at www.vustudents.ning.com

________________________________________

Q # 03: In Pakistan, due to least involvement of SME sector, which of the

following trends was emerged in early 70s?

AE

mergence of Large-Scale Units Only

BC

onvergence of Wealth in Few Hands

CS

upply of Large Loans only by Banking Sector

D

All of the Given Options

________________________________________

Q # 04: Lack of experience is the number one cause of small business failures.

A

True

B False

________________________________________

Q # 05: Which of the following factors encourage the development of SME sector

EXCEPT:

A Low Level of Financing

BE

mployment Generation

C

Vendor Based Development

D

Shaky Confidence of Businessmen

Q # 01: Energetic aptitude is the prime psychological derive that motivates the

entrepreneur towards accomplishment and achieving a goal that possesses reasonable

challenge to an individual’s competence.

Come and Join Us at www.vustudents.ning.com

AT

rue

B False

A

They encourage innovation and flexibility.

BT

hey do not maintain close relationships with customers and community.

CT

hey make larger firms uncompetitive

DT

hey generate less employment.

Q # 01: In today's economy, entrepreneurs are seen as heroes.

A

True

B False

Q # 05: Small business owners tend to be power and prestige oriented.

AT

rue

B False

Q # 01: Which of the following factor contributes positively in the development of

SME sector?

AE

ntrepreneurial Development

B

Vendor Based Development

CJust Distribution of Resources and Profits

Come and Join Us at www.vustudents.ning.com

D

All of the Given Options

________________________________________

Q # 02: The IMF conditions and poor recovery rate of huge borrowings played a

major role in creating a negative point for the progress curve in Pakistan.

AT

rue

B False

________________________________________

Q # 03: The pre-requisites for the development of SME sector rest heavily on

which of the following?

A Infrastructure to fulfill the needs of SME sector

B

A banking system customized for SME development

C

One window operation

D

All of the Given Options

________________________________________

Q # 04: One hallmark of true entrepreneurs is their ability to adapt to the changing

demands of their customers and businesses.

AT

rue

B False

________________________________________

Q # 05: Which of these represent a small business characteristic?

A

Come and Join Us at www.vustudents.ning.com

Focus is on efficiency

BP

referred funding source is other people's money

C

Approach to human resource is to professionalize

D

Delegation is essential

Q # 01: Studies indicate that the opportunity to make a difference is a significant

benefit in the eyes of most entrepreneurs.

AT

rue

B False

________________________________________

Q # 02: The institution “Directorate of Industries” established in 1976, is currently

working in which of the province of Pakistan?

AP

unjab

BS

indh

C

NWFP

DB

alochistan

________________________________________

Q # 03: In 1972, for the development of SME sector, government of Pakistan

established provincial departments. In which province/s these departments was/were

established?

A

Come and Join Us at www.vustudents.ning.com

In Punjab only

B In Punjab and Sindh only

CI

n Punjab, Sindh and NWFP

D In all Provinces

________________________________________

Q # 04: In order to meet the financial requirements of SME sector, Small Business

Finance Corporation (SBFC) was established but this institution failed to deliver because

of which of the following reasons?

A

Weak Internal Control System

B Poor Work Ethics

C

Highly Ineffective and Poor Human Resources

D

All of the given Options

________________________________________

Q # 05: In year 2000, after restructuring of Small Business Finance Corporation

(SBFC), how many branches were reduced to increase the efficiency level?

A2

3

B3

3

C4

3

D5

3

Come and Join Us at www.vustudents.ning.com

Q # 01: The implementation of a creative idea or opportunity leading to profitable,

effective outcomes refers to which of the following?

A

Innovation

BT

echnology Transfer

CE

ntrepreneurial Alertness

D

Opportunity Recognition

________________________________________

Q # 02: Which of the following NGO types has broad functions to influence public

interest?

A

Association Type Organizations

BS

upport Organizations

C

Community Organizations

DT

echnical intervention NGOs

________________________________________

Q # 03: One of the main objectives of SMEDA is policy formulation to encourage

the growth of SMEs in the country and to advise the Government on fiscal and monetary

issues related to SMEs.

AT

rue

B False

________________________________________

Q # 04: Which of the following is true about “Golden Handshakes”?

A It can be sweeteners for mandatory retirement

Come and Join Us at www.vustudents.ning.com

B It is a

form of Employee Benefits

C Is almost used like a

punishment

DS

tatements are correct within certain context

________________________________________

Q # 05: The activities like conducting sector studies, developing feasibility reports

and doing analysis for SMEs’ development, are beyond the scope of working of SMEDA.

AT

rue

B False

Q # 01: The policy issues regarding SME development emerged because the

policy makers have more inclination towards:

AT

heir own personal gains

B

Large Scale Businesses

CT

rade Liberalization

DP

olitical Bribery

________________________________________

Q # 02: Which of the following institutions is NOT facilitating directly the

business activity of SME sector in Pakistan?

A Board of Investment (

BOI)

BE

xport Promotion Bureau (EPB)

C

Come and Join Us at www.vustudents.ning.com

Federal Board of Revenue (FBR)

D

Karachi Stock Exchange (KSE)

________________________________________

Q # 03: For development of SME sector, market driven support programs are

important to attain substantiality, maximize the potential for cooperation with the private

sector, and minimize the distortions in the economy.

AT

rue

B False

________________________________________

Q # 04: Under the SME Sector Development Program, it is expected that SMEDA

execute following activities EXCEPT:

AP

repare Government documents on policy regarding SME

B

Develop drafts relevant for laws and regulations

CC

reate coordination among different departments of Government

D

Develop programs to attract foreign investment for SME

________________________________________

Q # 05: Stability and consistency in the policy making are necessary conditions for

achieving and sustaining high levels of economic development of SME sector.

A

True

B False

Come and Join Us at www.vustudents.ning.com

Q # 01: Why a division of small, medium and large is made for different

businesses?

A

Due to Amount Business Activity

B

Due to Volume of Capital Involved

CP

lan to sublease your premises and relocate to larger quarters

DP

rovide for this contingency in your lease

Q # 02: In early definitions of SMEs, which of the following factors has prior

importance?

A Level of Capital

B

Number of Employees

CC

apacity of Production

D

Annual Revenues

________________________________________

Q # 03: According to Committee on Economic Development, to declare a business

as 'small', how many minimum number of parameters should be considered?

A

Two

BT

hree

C

All parameters given by committee

DThere is no such restriction

Come and Join Us at www.vustudents.ning.com

Q # 04: In most of SMEs, the style of management is:

A Least Centralized

B

Highly Decentralized

C

Highly Centralized

D

Not a important matter

Q # 05: According to latest definition, a business is said to be large if number of

employees are

A

More than 9

B

More than 49

C

More than 79

D

More than 99

Q # 01: Every country has adopted a standard definition of SME, despite the

regional differences.

AT

rue

B False

Q # 02: The letter ‘E’, in ‘SME’ stands for which of the following?

Come and Join Us at www.vustudents.ning.com

AE

nterprise

BE

ntrepreneur

CE

ntrepreneurship

DE

ntrapreneurship

________________________________________

Q # 03: Each country especially Pakistan, has revised the definition of SMEs after

certain interval of time because of which following reasons?

A Fluctuating Performance of SME Sector

BC

hange in priorities of Government

CL

ack of understanding about importance of SME sector

D Lack of consensus among different institutions linked with SME sector

________________________________________

Q # 04: Small business does well in developing markets as it can easily absorb the

changes in the business world.

AT

rue

B False

________________________________________

Q # 05: In most of the countries, there is no difference between ‘cottage industry’

and ‘micro industry’.

AT

rue

B False

Come and Join Us at www.vustudents.ning.com

Q # 01: If large business provides materials and components to small business that

process the same into finished goods, then this is called:

AJ

ob Sub-Contracting

BP

urchase Sub- Contracting

C Franchised sub-Contracting

DT

rade Sub-Contracting

________________________________________

Q # 02: If a product is manufactured by small company purchased by a big unit as

an accessory like plastic dust covers for video recorders, electronic passive components

or packaging than this relationship between large business and small business is called

complimentary business.

AT

rue

B False

________________________________________

Q # 03: In job sub-contracting, small business procures material and than

manufactures a specific part or component needed by a particular large unit.

AT

rue

B False

________________________________________

Come and Join Us at www.vustudents.ning.com

Q # 04: In Pakistan, each province has adopted how many parameters to coin the

proper definition of SMEs?

AT

wo

BT

hree

C Four

D It varies from each province

________________________________________

Q # 05: In Pakistan, the business is divided in how many levels?

A3

Levels (Small, Medium, Large)

B4

Levels (Micro, Small, Medium, Large)

C5

Levels (Cottage, Micro, Small, Medium, Large)

DT

here is no such division

Q # 01: Which one of the following institutions has introduced the definition of

‘micro business’ for the first time in Pakistan?

AS

tate Bank of Pakistan

BS

MEDA

C

Ministry of Commerce

DC

hamber of Commerce and Industry

________________________________________

Come and Join Us at www.vustudents.ning.com

Q # 02: Which of the following is true to transfer a business from micro level to

medium level?

A

When the number of employees increases but productive assets limit unchanged

B

When the number of employees remains same but productive assets limit increases

C

When both; the number of employees and productive assets limit increases

DT

here is no such division of micro-level and medium level

________________________________________

Q # 03: The economic power of both small business and large business is different

because the small business is in no position to influence its immediate economic

involvement but big business does.

AT

rue

B False

________________________________________

Q # 04: Small businesses are unable to survive well in a bad business conditions

due to having slow and inflexible capability of bringing changes in cost and labor.

AT

rue

B False

________________________________________

Q # 05: Which of the following countries deduce the definitions of SMEs for the

legal purposes only and other deciding factors were kept as landmarks?

A

West Germany, Australia and Norway

B India, China and Japan

C

Come and Join Us at www.vustudents.ning.com

Denmark, Australia and USA

DT

here is not a single country that is following such criteria

Question # 1 of 10 ( Start time: 10:49:26 AM ) Total Marks: 1

For a SME, receipts are the example of which type of following loan.

Select correct option:

Short – Term Loan

Medium – Term Loan

Long – Term Loan

Unlimited Loan

Question # 2 of 10 ( Start time: 10:51:05 AM ) Total Marks: 1

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

Select correct option:

India

Pakistan

China

All are at same Level

Come and Join Us at www.vustudents.ning.com

Question # 3 of 10 ( Start time: 10:52:29 AM ) Total Marks: 1

Following are the methods which can be used to find new ideas for a product EXCEPT:

Select correct option:

Novel Use of Known Products

Ancillarisation

Watching Trends in Fashions

Market Myopia

Question # 4 of 10 ( Start time: 10:53:53 AM ) Total Marks: 1

Which of the following is the expressed form of WEBCOP?

Select correct option:

Workers Employers Bilateral Council of Pakistan

Welfare of Employees Bilateral Convention of Pakistan

Workers Employees Bilateral Committee of Pakistan

Welfare Employers Bilateral Commission of Pakistan

Question # 8 of 10 ( Start time: 11:00:57 AM ) Total Marks: 1

A loan for a period of 5 years or less is said to be:

Select correct option:

Short – Term Loan

Medium – Term Loan

Long – Term Loan

Unlimited Loan

lecture wise qs for final term

Attachments:

RSS

Latest Activity

+ ! ! ! ! ! AaiMa AnsaRi liked + M.Tariq Malik's discussion CS201 Assignment No 01 Fall 2019 Solution & Discussion Due Date: 14-11-2019
7 minutes ago
+ ! ! ! ! ! AaiMa AnsaRi replied to + M.Tariq Malik's discussion MGT211 GDB Fall 2019 Solution & Discussion in the group MGT211 Introduction To Business
8 minutes ago
+ ! ! ! ! ! AaiMa AnsaRi joined + M.Tariq Malik's group
8 minutes ago
+ ! ! ! ! ! AaiMa AnsaRi liked + M.Tariq Malik's discussion MGT211 GDB Fall 2019 Solution & Discussion
12 minutes ago
+ Abb@s replied to Farhan Amin's discussion your vu email address will deleted
28 minutes ago
+ Danial replied to Farhan Amin's discussion your vu email address will deleted
1 hour ago
Shine--Ex-VUStudent liked + "J ɨ y ą ⋆'s discussion meliiiiiiii dailyyyyyyyyyyyyyyyyy milkkkkkkkkkkkkkkkkk :(
1 hour ago
+ Danial replied to Farhan Amin's discussion your vu email address will deleted
1 hour ago
Shine--Ex-VUStudent liked +"Certified Gangster"++'s discussion New invention of Microsoft
1 hour ago
Moji posted a discussion
1 hour ago
+ "αяsαℓ " Ќąƶµяɨ •" replied to + M.Tariq Malik's discussion MGT211 GDB Fall 2019 Solution & Discussion in the group MGT211 Introduction To Business
1 hour ago
Muhammad Usman Shahzad replied to + M.Tariq Malik's discussion CS601 Assignment No 01 Fall 2019 Solution & Discussion Due Date: 14-11-2019 in the group CS601 Data Communication
1 hour ago
Muhammad Usman Shahzad joined + M.Tariq Malik's group
1 hour ago
+ "αяsαℓ " Ќąƶµяɨ •" replied to sayyad saqib hussain shah's discussion HRM 626 HANDOUTS REQUIRED PLS
2 hours ago
+ "αяsαℓ " Ќąƶµяɨ •" replied to Farhan Amin's discussion your vu email address will deleted
2 hours ago
+ "αяsαℓ " Ќąƶµяɨ •" replied to + M.Tariq Malik's discussion MTH302 Business Mathematics & Statistics Assignment No 01 Fall 2019 Solution & Discussion in the group MTH302 Business Mathematics & Statistics
2 hours ago
+ "αяsαℓ " Ќąƶµяɨ •" replied to + M.Tariq Malik's discussion MTH302 Business Mathematics & Statistics Assignment No 01 Fall 2019 Solution & Discussion in the group MTH302 Business Mathematics & Statistics
2 hours ago
+ "αяsαℓ " Ќąƶµяɨ •" replied to + M.Tariq Malik's discussion MTH302 Business Mathematics & Statistics Assignment No 01 Fall 2019 Solution & Discussion in the group MTH302 Business Mathematics & Statistics
2 hours ago
Farhan Amin posted a discussion
2 hours ago
Profile Icon+ "αяsαℓ " Ќąƶµяɨ •" and Purple Work joined + M.Tariq Malik's group
3 hours ago

© 2019   Created by + M.Tariq Malik.   Powered by

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service