Welcome to your International Navodaya Chamber of Commerce (INCOC) Platform ! Subject: Entrepreneurship and Start Up 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 Area Pin Code 1. Which of the following is a legal structure available for a start-up in India? Sole Proprietorship Partnership Private Limited Company All of the above None 2. Which regulatory body oversees company registration in India? SEBI RBI MCA NITI Aayog None 3. Which document is required for company registration in India? GST Certificate Memorandum of Association (MoA) Business License Income Tax Return None 4. Which of the following intellectual property rights protect brand names and logos? Patents Copyright Trademarks Trade Secrets None 5. Which of the following laws governs partnerships in India? Companies Act, 2013 Partnership Act, 1932 SEBI Act, 1992 FEMA Act, 1999 None 6. Which of the following is NOT a statutory compliance for start-ups? GST Registration Trade License Market Research Tax Filing None 7. A private limited company must have a minimum of how many directors? One Two Three Five None 8. Which of the following is NOT a business tax applicable in India? GST Corporate Tax Property Tax Custom Duty None 9. Which act regulates foreign investment in India? SEBI Act FEMA Act Companies Act RBI Act None 10. What does LLP stand for in business? Limited Local Partnership Large Legal Partnership Limited Liability Partnership Long-term Loan Policy None 11. Which of the following is NOT a component of the marketing mix (4Ps)? Product Price Profit Promotion None 12. Which is the first step in the marketing process? Identifying customer needs Product pricing Advertising Hiring employees None 13. Which digital marketing tool is used for social media promotions? SEO PPC Google Analytics Facebook Ads None 14. Which strategy is used to make a brand stand out in the market? Market Penetration Branding Price Skimming Cost Cutting None 15. Which of the following is NOT an online marketing strategy? Content Marketing Email Marketing Billboards Search Engine Optimization (SEO) None 16. A Unique Selling Proposition (USP) refers to: A unique business location A company's promotional strategy A product’s distinctive feature that sets it apart The pricing strategy of a product None 17. Which marketing strategy is best suited for a new product launch? Word-of-mouth Content marketing Influencer marketing All of the above None 18. What is the primary goal of customer relationship management (CRM)? Increasing product prices Building long-term customer relationships Reducing employee turnover Increasing tax benefits None 19. Which type of market research involves customer interviews and surveys? Primary Research Secondary Research Experimental Research Observational Research None 20. Which factor influences consumer buying behavior the most? Price Brand Image Advertising All of the above None 21. Which technology is disrupting traditional businesses the most? Artificial Intelligence Blockchain Cloud Computing All of the above None 22. Which start-up used AI to revolutionize the customer service industry? Uber Amazon OpenAI Flipkart None 23. Which is an example of a disruptive innovation? Electric Cars Typewriters Fax Machines Landline Phones None 24. Which technology is widely used in FinTech start-ups? Blockchain IoT 3D Printing Genetic Engineering None 25. Which of the following is an advantage of cloud computing for start-ups? Lower costs Scalability Remote accessibility All of the above None 26. Which of the following is an example of a successful Indian start-up? Zomato Paytm Ola All of the above None 27. Which innovation methodology is commonly used by start-ups? Waterfall Model Design Thinking Bureaucratic Planning Assembly Line Production None 28. What is the purpose of a start-up accelerator? Provide long-term funding Offer structured mentorship and support Replace traditional investors Sell start-up products None 29. Which of the following is an example of social entrepreneurship? An NGO providing free education A multinational bank A software development company A gaming start-up None 30. Which of the following is NOT a characteristic of an innovative start-up? Risk-taking Traditional business model Scalability Market disruption None 31. Which of the following is a common growth strategy for start-ups? Market Penetration Product Development Diversification All of the above None 32. Which is a strategic reason for business expansion? Increased market share Reducing customer base Decreasing product quality Limiting financial investments None 33. Which of the following is an example of an exit strategy? Mergers & Acquisitions Selling the business Initial Public Offering (IPO) All of the above None 34. What is the main objective of an Initial Public Offering (IPO)? Reduce business operations Raise capital by selling shares to the public Avoid government regulations Increase company liabilities None 35. Which start-up exit strategy involves selling a business to another company? IPO Acquisition Crowdfunding Retrenchment None 36. Which of the following is an ethical challenge faced by entrepreneurs? Transparent pricing Employee exploitation Fair business practices Ethical advertising None 37. Corporate Social Responsibility (CSR) focuses on: Maximizing profits only Environmental and social impact Avoiding legal compliance Reducing employee salaries None 38. Which of the following is an unethical business practice? False advertising Fair trade practices Employee welfare programs Ethical sourcing None 39. Which principle ensures that a company acts in an environmentally sustainable manner? Green Entrepreneurship Market Competition Business Scalability Profit Maximization None 40. Why is ethical leadership important for entrepreneurs? It builds customer trust It increases brand reputation It ensures long-term success All of the above 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! To begin the quiz, please grant this quiz access to your camera.Time is Up!Time is Up!
