UGC NET/JRF EXAM, (MANAGEMENT) June 2019

Total Questions: 100

91. Which national institute has set up/established a 'Centre for Research in Entrepreneurship Education and Development (CREED)' with the objective to broaden the frontier of entrepreneurship research?

Correct Answer: (b) Entrepreneurship Development Institute of India
Solution:Entrepreneurship Development Institute of India has been actively involved in research activities of various kinds. It has set up a Center for Research in Entrepreneurship Education and Development (CREED).

92. Which of the following were two major criteria for the first official definition of small scale industry coined, in the year 1950?

Correct Answer: (a) the size of gross investment in fixed assets and the strength of the work force
Solution:The two major criteria for first official definition of small scale industry in 1950 had a limit of 0.5 million rupees in the fixed investment with fewer than 50 workers in units using power or fewer than 100 workers in units not using power for manufacturing.

93. Which among the following is a correct statement?

Correct Answer: (a) Entrepreneur is an employee and intrapreneur is free and the leader of the operation
Solution:Intrapreneur is an employee and entrepreneur is free and the leader of the operation. An entrepreneur is a person who takes a considerable among of risk to own and operate the business.

Whereas Intrapreneur refers to an employee of the organization who is in charge of undertaking innovation in product, service, process etc.

94. NITI Aayog, GOI, has launched a scheme to develop ecosystem for women entrepreneurship in India. Identify the scheme out of the following :

Correct Answer: (d) Women Knowledge Center
Solution:NITI Ayog launched Women Entrepreneurship Platform (WEP) on the occasion of International Women's Day.

The initiative is aimed at building an ecosystem for women across India to realize their entrepreneurial aspirations, scale up innovative initiative and chalk-out sustainable long-term strategies for their businesses.

95. Statement I: All ideas are opportunities.

Statement II : An opportunity is an idea that has the qualities of being attractive, durable and timely.

Which of the following options is correct?

Correct Answer: (d) Statement I is incorrect while statement II is correct
Solution:Statement I: All ideas are opportunities. Therefore, statement I is the incorrect.
Statement II : An opportunity is an idea that has the qualities of being attractive, durable and timely. Therefore, statement II is the correct.

96. The cooperative bank came into existence with the enactment of the Co-operative Credit Societies Act, 1912. Which among the following does not come under the structure of соoperative bank?

Correct Answer: (c) Regional Rural Bank
Solution:Regional Rural Banks are established by RRB Act. It shares are held by sponsor bank, central govt. and state govt.

Whereas Cooperative Banks are registered under Cooperative Societies act 1912 and doing banking business with the license from RBI. Its members or shareholders are from public So RRB's do not come under the structure of cooperative Banks.

97. The following statements relate to Mudra Yojana:

Statement I: Mudra is an NBFC supporting development scheme of micro enterprise sector in the country. It provides refinance support to Bank/MFIs for lending to micro units having loan requirement up to Rs. 10 lakh.
Statement II: Mudra has created different products/schemes for refinancing loans. These interventions have been named 'Shishu', 'Kishore' and 'Tarun' to signify the state of growth/development and funding needs of the beneficiary micro unit/entrepreneur.

Which of the following options is correct?

Correct Answer: (c) Both the statements I and II are correct
Solution:Statement I: Mudra is an NBFC supporting development scheme of micro enterprise sector in the country. It provides refinance support to Bank/MFIs for lending to micro units having loan requirement up to Rs. 10 lakh. Therefore, statement I is the correct.
Statement II : Mudra has created different products/schemes for refinancing loans. These interventions have been named 'Shishu', 'Kishore' and 'Tarun' to signify the state of growth/development and funding needs of the beneficiary micro unit/entrepreneur.

Therefore, statement II is the also correct.

98. The scheme, which has been launched by the MSME Ministry to access the capabilities and creditworthiness of the micro and small enterprises (MSEs), is called:

Correct Answer: (a) Performance and credit rating scheme
Solution:Performance & Credit Rating scheme seeks to establish independent, trusted third party opinion on capabilities and credit-worthiness of MSEs and makes credit available at the attractive interest rates and will ensure better productivity.

99. Feasibility analysis is the process of determining if a business idea is viable. It consists of four areas of feasibility analysis. Identify the correct combination.

Correct Answer: (c) Financial feasibility; Product/service feasibility; Industry/target market feasibility; Organizational feasibility
Solution:Feasibility includes financial feasibility, product service feasibility, organizational feasibility, Human resource feasibility, Industry/target market feasibility, organizational feasibility.

100. Which out of the following is the principal financial institution for the promotion, financing and development of industries in the small scale sector and to coordinate the functions of other institutions engaged in similar activities?

Correct Answer: (d) Small Industries Development Bank of India
Solution:Small Industries Development Bank of India (SIDBI) set up on 2nd April 1990 under an Act of Indian parliament, act as the principal financial institution for promotion, financing and development of the micro, small and medium enterprise sector.