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MGT601 Solved MCQs Mega Collection for Mid Term Papers

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

Select correct option:

 1998

2000

2001

2002

 

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

Select correct option:

July, 1994

August, 1988

 October, 1998

December, 2001.

 

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

Select correct option:

 Technology transfer

Vocational infrastructure

Financial assistance

Entrepreneurial Development

 

Technological obsolescence, low capacity utilization, non-availability of spares and poor machinery maintenance are the postoperative problems that can be emerged in which of the following areas?

Select correct option:

 Production

Capital

Customer

Sale

 

How the large and small sectors are interlinked?

Select correct option:

By fostering changes

 By subcontracting

By sharing risk

By serving the same market

 

Which of the following national institute had conducted a survey about the development of SME in Pakistan with the collaboration of United Nations Industrial Development Organization (UNIDO)?

Select correct option:

Lahore Chamber of Commerce

SME Bank

Ministry of Trade

 SMEDA

 

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

Select correct option:

3000 years

3500 years

 4000 years

4500 years

 

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

Select correct option:

Protect Small First

 Think Small First

Develop Small First

Design Small First

 

According to a research conducted by SMEDA and UNIDO, what is the percentage of large firms that avails the facility of loan from banks and other financial institutions?

Select correct option:

67%

 80%

75%

83%

 

Question # 10 of 15 ( Start time: 04:02:17 PM )  Total Marks: 1

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

Select correct option:

Share in the economy

Resources control

 Capacity of production

All of the given options

 

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

Select correct option:

10%

 30%

60%

80%


What was the mean age of an enterprise in Pakistan if the mean age of an entrepreneur is 42 years, according to a survey conducted by World Bank?

Select correct option:

14 Years

16 Years

18 Years

 None of the given option

 

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

Select correct option:

3

4

 5

6

 

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

Select correct option:

Amount required for depreciation

Withdrawal of amount for personal use

 Generation of positive cash flows

Need of cash for procurement

 

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

Select correct option:

40 Years

43 Years

45 Years

None of the given options

 

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

Select correct option:

Delivery of Assistance and Access to Resources

Business Environment

Monitoring Developments

 All of the given options

 

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

Select correct option:

Purchase of land for business

 Loan from bank for business

Purchase of machinery for business

Purchase of machinery for business

 

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

Select correct option:

 MR . K.T. Shah

MR . K.Y. Shah

MR . K.S. Shah

MR . K.K. Shah

 

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

Select correct option:

1947

1950

1955

 1960

 

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

Select correct option:

Analysis of concepts in the light of existing problems

Search of memories to find information related to the concept

 Newspapers, trade journals, professional journals

Recombining the elements found in new and useful ways

 

 

Which of the following term is defined as: “The initial equity capital used to start a new venture or business”?

Select correct option:

Value Capital

Working Capital

 Seed Capital

Gross Capital

 

What kind of management level training is required for SME a sector that is not provided by Pakistan institute of Management Sciences (PIMS)?

Select correct option:

Top Level Management

Middle Level Management

Low Level Management

Corporate Level Management

 

 

What was the outcome due to which the SME policy adopted by Pakistan in 1960 was rejected and was reverting to the Ayubian model of economic development?

Select correct option:

 Inefficient labor

Political Instability

Society injustice

Technological revolution

 

 

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

Select correct option:

Venture Capital

Seed Money

 Seed Capital

All of the given options

 

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

Select correct option:

 Number of workers

Share in the economy

Business turnover

Total assets

 

According to Gallup survey 2001, which of the following factor is responsible for the decline of export in Pakistan?

Select correct option:

 Infrastructure

Law and order

Taxation

Literacy

 

UNIDO stands for:

Select correct option:

United Nation Industry and Development Organization

Universal Network Industry and Development Opportunity

 United Nations Industrial Development Organization

Universal Network Institute of Development Opportunity

 

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

Select correct option:

Share in the economy

Resources control

 Capacity of production

All of the given options

 

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

Select correct option:

Protect Small First

 Think Small First

Develop Small First

Design Small First

 

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

Select correct option:

Primary Resources

 Secondary Resources

Macro Resources

Surplus Resources

 

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

Select correct option:

Durability

Reliability of performance

Safety

 Sales volume and profitability

 

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

Select correct option:

10

 14

18

22

 

Which of the following can be abbreviated as ILO?

Select correct option:

International Labour Order

Industrial Legal Order

Industrial Labour Order

 International Labor Organization



How many SMEs are the members of business associations?

Select correct option:

50%

52%

 54%

56%

 

IMF stands for:

Select correct option:

International Monetary Forecast

International Monetary Finance

 International Monetary Fund

International Monopoly Function

 

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

Select correct option:

 Vesper

Weber

Wilson

Vickie

 

Due to lack of experience, an entrepreneur may face all of the following post operative problems EXCEPT:

Select correct option:

Unfamiliarity in product or services line

Control over sales force

Inappropriate marketing strategy

 High production costs

 

According to Viet Nam a business is said to be a small business if capital involved is less than US $ 0.4 million and number of employees are ___________.

Select correct option:

Less than 10

 Less than 50

Less than 150

Less than 200

 

EPB stands for:

Select correct option:

Employee Promotion Bureau

Export Producing Benefits

Employee Pension Benefits

 Export Promotion Bureau

 

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

Select correct option:

July, 1994

August, 1988

 October, 1998

December, 2001

 

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

Select correct option:

Primary Resources

 Secondary Resources

Macro Resources

Surplus Resources

 

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)

 

Government of Pakistan, according to which “a business with employment size up to 250, paid up capital up to 25 million and annual sales up to 250 million is said to be small and medium business” coins the latest definition. In which year this definition has coined:

Select correct option:

SME Policy 2002

 SME Policy 2004

SME Policy 2005

SME Policy 2007

 

Which of the following sector is most affected by poor electricity infrastructure and is not able to sustain?

Select correct option:

 Micro Sector

Small Sector

Medium Sector

Large Sector

 

According to which country an industry will be a small industry if the number of employees is less than 10?

Select correct option:

USA

Russia

 France

Japan

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