Welcome to your International Navodaya Chamber of Commerce (INCOC) Platform ! Subject: Business Management, Ethics & Entrepreneurship Total Number of Question: 40 Time: 41 Minutes Please check your email after completion of test for result. All the best... Name Phone No Email State 1. Which act governs the competition law in India? MRTP Act, 1969 Competition Act, 2002 Companies Act, 2013 Consumer Protection Act, 1986 None 2. Which organization is responsible for collecting and publishing economic data in India? NITI Aayog Reserve Bank of India Ministry of Statistics and Programme Implementation Ministry of Finance None 3. The term 'business cycle' refers to: Fluctuations in business activities over time A company’s growth strategy Product lifecycle stages Consumer buying behavior None 4. In contract law, ‘breach of contract’ leads to: Penal actions Damages Quasi-contracts Termination only None 5. Which leadership style gives complete freedom to subordinates? Autocratic Democratic Laissez-faire Transformational None 6. Which management tool is used for scheduling and controlling large projects? Gantt Chart Just-in-Time (JIT) ISO 9001 Balanced Scorecard None 7. The BCG Matrix helps in: Business expansion Portfolio analysis Supply chain management Employee motivation None 8. Which factor is most important for startup success? Government subsidies Strong business model High initial investment Competition avoidance None 9. In Maslow’s hierarchy of needs, the highest level is: Safety Needs Esteem Needs Social Needs Self-Actualization Needs None 10. Maslow’s Hierarchy of Needs consists of how many levels? 3 4 5 6 None 11. Herzberg’s Two-Factor Theory consists of: Needs and Desires Hygiene and Motivational Factors Rewards and Punishments Internal and External Factors None 12. Which leadership theory suggests that leaders are made, not born? Trait Theory Behavioral Theory Great Man Theory Situational Theory None 13. Which of the following is NOT a source of startup funding? Venture capital Angel investment Personal savings Employee salaries None 14. Which of the following is an example of unethical business behavior? Fair pricing Customer satisfaction False advertising Employee training None 15. Ethics in business is essential for __________. Building reputation Increasing profits Reducing competition Eliminating government control None 16. The principle of "Whistleblowing" means: Reporting unethical behavior in an organization Encouraging unethical behavior Hiding fraud in an organization Avoiding workplace conflicts None 17. Which of the following best describes whistleblowing? Leaking confidential information for profit Reporting unethical practices within an organization Ignoring corruption in business Following company orders blindly None 18. Which law in India prevents monopolistic trade practices? Companies Act, 2013 Competition Act, 2002 FEMA Act, 1999 SEBI Act, 1992 None 19. A startup’s "break-even point" is the level where: Total revenue equals total cost The company begins making profits The company has zero expenses There is a loss in business operations None 20. A franchise is a New business idea Business model based on licensing Form of business competition Legal contract between employees None 21. A company that follows a functional structure organizes employees based on: Products Departments and job functions Customer types Geographical locations None 22. Which act governs corporate governance regulations in India? Companies Act, 2013 Consumer Protection Act, 2019 Foreign Exchange Management Act, 1999 SEBI Act, 1992 None 23. Which ethical principle emphasizes fairness and justice? Utilitarianism Rights-based ethics Virtue ethics Justice approach None 24. Which of the following is an ethical issue in HR management? Fair wages and employee rights Product quality Corporate social responsibility Financial reporting None 25. What is the main objective of fiscal policy? Control inflation Manage public debt Regulate the money supply Achieve economic stability None 26. The term ‘Unicorn Startup’ refers to a startup valued at: $1 million $10 million $100 million $1 billion None 27. Which type of entrepreneur focuses on innovation and new technologies? Lifestyle entrepreneur Technopreneur Traditional entrepreneur Social entrepreneur None 28. Which of the following is NOT an ethical principle in business? Transparency Accountability Profit maximization at any cost Fair treatment of employees None 29. Which principle of business ethics focuses on honesty and truthfulness? Accountability Transparency Responsibility Fairness None 30. A startup’s "break-even point" is the level where: Total revenue equals total cost The company begins making profits The company has zero expenses There is a loss in business operations None 31. Corporate Social Responsibility (CSR) is related to: Employee management Environmental and social concerns Financial planning Inventory control None 32. SWOT analysis is a tool used in which managerial function? Planning Organizing Leading Controlling None 33. Which type of ethics focuses on doing the greatest good for the majority? Deontology Utilitarianism Virtue ethics Individualism None 34. Which law prevents insider trading in India? SEBI Act, 1992 Companies Act, 2013 Income Tax Act, 1961 Foreign Exchange Management Act, 1999 None 35. Which of the following is an advantage of being an entrepreneur Fixed salary Unlimited job security Independence and decision-making freedom Limited working hours None 36. In Maslow’s hierarchy of needs, self-actualization refers to: Basic survival needs Job security Personal growth and fulfillment Social belonging None 37. Which of the following is NOT an entrepreneurial trait? Risk-taking Creativity Fear of failure Visionary thinking None 38. The principle of ‘Unity of Command’ states that: Each employee should report to only one superior Work should be divided into specialized tasks Authority and responsibility should be balanced Managers should focus on employee motivation None 39. Who is known as the father of scientific management? Henry Fayol F.W. Taylor Max Weber Elton Mayo None 40. Which of the following is the first step in the planning process? Setting objectives Analyzing alternatives Identifying resources Establishing policies None 1 out of 4 Great job on taking the INCOC Test! We appreciate your interest in test. Look out for results and future opportunities. Stay Connected !! Your quiz time is about to finish. Few seconds left. Time's upYou cannot switch tabs while taking this quiz!You are not allowed to switch tabs violation has been recorded.you cannot minimize full screen mode!You are not allowed to minimize full screen while taking this quiz, violation has been recorded.Access denied! 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