Chapter 3 Question Bank: Institutional Support for Entrepreneurship Development
Multiple Choice Questions (MCQs)
- Which of the following organizations provides financial assistance to small-scale industries?
a) NABARD
b) SIDBI
c) NSIC
d) All of the above
Answer: d) All of the above - The primary objective of NSIC (National Small Industries Corporation) is:
a) Conducting market research
b) Promoting and developing small industries
c) Offering large-scale industrial loans
d) Training employees
Answer: b) Promoting and developing small industries - Which institution is responsible for rural development in India?
a) NABARD
b) FICCI
c) CII
d) SEBI
Answer: a) NABARD - The primary function of SIDBI is:
a) Developing infrastructure
b) Providing financial support to MSMEs
c) Managing foreign trade
d) Regulating capital markets
Answer: b) Providing financial support to MSMEs - DIC stands for:
a) Department of Industrial Coordination
b) District Industrial Centre
c) Development Institute for Commerce
d) Directorate of Investment Companies
Answer: b) District Industrial Centre - Which of the following offers financial assistance to rural entrepreneurs?
a) NABARD
b) RBI
c) IRDAI
d) None of the above
Answer: a) NABARD - Which institution focuses on promoting women entrepreneurship in India?
a) Women’s Development Corporation
b) NABARD
c) NITI Aayog
d) SIDBI
Answer: a) Women’s Development Corporation - The Ministry responsible for MSMEs in India is:
a) Ministry of Finance
b) Ministry of MSME
c) Ministry of Commerce
d) Ministry of Labour
Answer: b) Ministry of MSME - The Industrial Policy of 1991 emphasized:
a) Privatization and liberalization
b) Public sector expansion
c) Increased import duties
d) Strict industrial regulations
Answer: a) Privatization and liberalization - Which of the following is NOT an institutional support for entrepreneurs?
a) NSIC
b) SIDBI
c) SEBI
d) LIC
Answer: d) LIC - DICs provide support primarily to:
a) Startups in urban areas
b) Entrepreneurs in rural and semi-urban areas
c) Large corporations
d) Government projects
Answer: b) Entrepreneurs in rural and semi-urban areas - The primary aim of KVIC (Khadi and Village Industries Commission) is:
a) Promoting urban industries
b) Supporting cottage industries
c) Training IT professionals
d) Facilitating imports
Answer: b) Supporting cottage industries - MSME stands for:
a) Micro, Small, and Medium Enterprises
b) Medium and Small Market Enterprises
c) Micro and Standard Manufacturing Entities
d) Medium and Small-scale Marketing Entities
Answer: a) Micro, Small, and Medium Enterprises - The Industrial Development Bank of India (IDBI) provides:
a) Short-term loans
b) Long-term finance for industrial development
c) Subsidies for agriculture
d) Insurance services
Answer: b) Long-term finance for industrial development - Which agency provides credit insurance and risk cover for exporters?
a) ECGC
b) EXIM Bank
c) RBI
d) NABARD
Answer: a) ECGC - NABARD stands for:
a) National Bank for Agriculture and Rural Development
b) National Bureau for Agricultural Research and Development
c) National Agency for Banking and Rural Development
d) None of the above
Answer: a) National Bank for Agriculture and Rural Development - Which ministry manages the Khadi and Village Industries Commission?
a) Ministry of MSME
b) Ministry of Textiles
c) Ministry of Commerce
d) Ministry of Agriculture
Answer: a) Ministry of MSME - The Industrial Finance Corporation of India (IFCI) was set up to provide:
a) Marketing solutions
b) Long-term finance to industries
c) Insurance services
d) IT support
Answer: b) Long-term finance to industries - The National Innovation Foundation promotes:
a) Financial assistance
b) Grassroots innovations
c) MSME investments
d) Rural education
Answer: b) Grassroots innovations - Which organization promotes exports in India?
a) FIEO
b) NABARD
c) ECGC
d) IRDAI
Answer: a) FIEO - SIDBI is headquartered in:
a) Delhi
b) Mumbai
c) Lucknow
d) Chennai
Answer: c) Lucknow - The primary function of SEBI is:
a) Regulating the stock market
b) Financing MSMEs
c) Encouraging entrepreneurship
d) Supporting rural industries
Answer: a) Regulating the stock market - Which body supports rural entrepreneurship through training programs?
a) RUDSETI
b) SIDBI
c) NABARD
d) KVIC
Answer: a) RUDSETI - EDPs (Entrepreneurship Development Programs) are conducted to:
a) Provide infrastructure
b) Train potential entrepreneurs
c) Offer legal compliance guidelines
d) Manage risk insurance
Answer: b) Train potential entrepreneurs - The Small Industries Development Organization (SIDO) focuses on:
a) Industrial policy formulation
b) Providing support services to small enterprises
c) Export promotion
d) Agricultural financing
Answer: b) Providing support services to small enterprises
True or False Questions
- NSIC focuses on the promotion and development of large industries.
Answer: False - NABARD provides credit and financial support primarily to the agriculture and rural sectors.
Answer: True - SIDBI stands for Small Industries Development Bank of India.
Answer: True - The Ministry of Commerce manages the Khadi and Village Industries Commission (KVIC).
Answer: False - District Industries Centres (DICs) are set up to promote and support large-scale businesses in urban areas.
Answer: False - The primary objective of SIDBI is to finance small and medium enterprises.
Answer: True - KVIC promotes the production and sale of khadi and other village industries products.
Answer: True - NABARD only supports large-scale industrial projects.
Answer: False - SEBI primarily regulates stock markets and ensures transparency in trading activities.
Answer: True - Women’s Development Corporations are primarily established to support women entrepreneurs.
Answer: True - RUDSETI provides infrastructure development for rural businesses.
Answer: False - SIDO is primarily concerned with providing legal support to large businesses.
Answer: False - ECGC offers credit insurance and financial risk cover to exporters.
Answer: True - SIDBI is headquartered in New Delhi.
Answer: False - The Industrial Development Bank of India (IDBI) provides short-term financial support to startups.
Answer: False - FIEO is responsible for promoting and supporting export activities in India.
Answer: True - MSME is an acronym for Micro, Small, and Medium Enterprises.
Answer: True - EDPs are conducted to train and develop entrepreneurial skills among individuals.
Answer: True - NABARD is directly involved in regulating the stock market.
Answer: False - NSIC provides technical and marketing support to small-scale industries.
Answer: True - DICs cater to the needs of entrepreneurs in rural and semi-urban areas.
Answer: True - The National Innovation Foundation supports grassroots innovations.
Answer: True - SEBI stands for Securities and Exchange Board of India.
Answer: True - SIDBI was established to promote startups in the field of agriculture exclusively.
Answer: False - KVIC is managed by the Ministry of MSME.
Answer: True
Fill in the Blanks
- SIDBI stands for __________.
Answer: Small Industries Development Bank of India - NABARD supports agriculture and rural development by providing __________.
Answer: financial assistance - NSIC promotes the development of __________ industries.
Answer: small-scale - The Ministry of __________ manages the Khadi and Village Industries Commission.
Answer: MSME - ECGC provides credit insurance to __________.
Answer: exporters - District Industries Centres (DICs) are established to promote industries in __________ areas.
Answer: rural and semi-urban - RUDSETI conducts training programs for __________.
Answer: rural entrepreneurs - The primary function of SEBI is to regulate the __________.
Answer: stock market - MSME stands for __________.
Answer: Micro, Small, and Medium Enterprises - SIDO provides support services to __________ enterprises.
Answer: small - FIEO stands for __________.
Answer: Federation of Indian Export Organisations - KVIC promotes __________ and village industries.
Answer: khadi - The Industrial Policy of __________ emphasized privatization and liberalization.
Answer: 1991 - NABARD stands for __________.
Answer: National Bank for Agriculture and Rural Development - Women’s Development Corporations are designed to support __________ entrepreneurs.
Answer: women - NSIC provides __________ and marketing support to small-scale industries.
Answer: technical - The headquarters of SIDBI is located in __________.
Answer: Lucknow - ECGC stands for __________.
Answer: Export Credit Guarantee Corporation - The Ministry of MSME manages __________ industries in India.
Answer: micro, small, and medium - EDPs aim to develop __________ skills in individuals.
Answer: entrepreneurial - The Industrial Development Bank of India provides __________ financial support to industries.
Answer: long-term - NABARD primarily focuses on __________ development.
Answer: rural - The National Innovation Foundation promotes __________ innovations.
Answer: grassroots - DICs are primarily concerned with promoting industries in __________ areas.
Answer: rural - KVIC is an initiative under the Ministry of __________.
Answer: MSME
Answer in One Sentence
- What does SIDBI stand for?
Answer: SIDBI stands for Small Industries Development Bank of India. - What is the primary objective of NABARD?
Answer: The primary objective of NABARD is to support agriculture and rural development. - What does NSIC focus on?
Answer: NSIC focuses on promoting and developing small-scale industries. - Which ministry manages KVIC?
Answer: The Ministry of MSME manages KVIC. - What is the primary function of SEBI?
Answer: SEBI regulates the stock market and ensures transparency in trading. - Who does ECGC provide credit insurance to?
Answer: ECGC provides credit insurance to exporters. - What is the purpose of EDPs?
Answer: EDPs are conducted to train and develop entrepreneurial skills. - What does FIEO stand for?
Answer: FIEO stands for Federation of Indian Export Organisations. - Where is the headquarters of SIDBI located?
Answer: The headquarters of SIDBI is located in Lucknow. - What does NABARD stand for?
Answer: NABARD stands for National Bank for Agriculture and Rural Development. - What is the focus of RUDSETI?
Answer: RUDSETI focuses on conducting training programs for rural entrepreneurs. - What is the aim of SIDO?
Answer: SIDO aims to provide support services to small enterprises. - What is the role of Women’s Development Corporations?
Answer: Women’s Development Corporations support women entrepreneurs. - What does the Industrial Policy of 1991 emphasize?
Answer: The Industrial Policy of 1991 emphasizes privatization and liberalization. - Who does DIC cater to?
Answer: DIC caters to entrepreneurs in rural and semi-urban areas. - What does MSME stand for?
Answer: MSME stands for Micro, Small, and Medium Enterprises. - What is the purpose of KVIC?
Answer: KVIC promotes khadi and village industries. - What does ECGC stand for?
Answer: ECGC stands for Export Credit Guarantee Corporation. - What does NSIC provide to small-scale industries?
Answer: NSIC provides technical and marketing support to small-scale industries. - What is the role of FIEO?
Answer: FIEO promotes and supports export activities in India. - What is the function of the National Innovation Foundation?
Answer: The National Innovation Foundation promotes grassroots innovations. - What does DIC stand for?
Answer: DIC stands for District Industries Centre. - Who regulates the stock market in India?
Answer: SEBI regulates the stock market in India. - What is the full form of SIDO?
Answer: SIDO stands for Small Industries Development Organization. - What is the focus area of NABARD?
Answer: NABARD focuses on agriculture and rural development.
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