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 of the following is the first step in the planning process? Setting objectives Analyzing alternatives Identifying resources Establishing policies None 2. A long-term business plan covering 3-5 years is called a: Strategic plan Tactical plan Operational plan Contingency plan None 3. Which decision-making technique helps in analyzing strengths, weaknesses, opportunities, and threats? PERT SWOT Analysis CPM Six Sigma None 4. Which type of planning is concerned with day-to-day operations? Strategic planning Tactical planning Operational planning Development planning None 5. Which management tool is used for scheduling and controlling large projects? Gantt Chart Just-in-Time (JIT) ISO 9001 Balanced Scorecard None 6. Delegation of authority is essential for: Centralization Decentralization Reducing employees Increasing costs None 7. Which type of organization structure is most flexible? Functional Hierarchical Matrix Bureaucratic None 8. Which of the following is NOT a leadership style? Autocratic Democratic Laissez-faire Bureaucratic None 9. McGregor’s Theory X and Theory Y is related to: Leadership styles Decision making Employee motivation Business ethics None 10. Which leadership style involves making decisions without consulting employees? Autocratic Democratic Laissez-faire Participative 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 is NOT a barrier to effective communication? Noise Feedback Language differences Organizational hierarchy None 13. Which communication method is the most formal? Verbal Non-verbal Written Visual None 14. Grapevine communication is a form of: Formal communication Informal communication Verbal communication Non-verbal communication None 15. Which motivational theory is based on Expectancy, Instrumentality, and Valence? Maslow’s Theory Herzberg’s Two-Factor Theory Vroom’s Expectancy Theory McGregor’s Theory X and Theory Y None 16. Which of the following is not a fundamental principle of business ethics? Accountability Transparency Fairness Secrecy None 17. Which law in India deals with consumer protection? Companies Act, 2013 Consumer Protection Act, 2019 Contract Act, 1872 Income Tax Act, 1961 None 18. The principle of "Whistleblowing" means: Reporting unethical behavior in an organization Encouraging unethical behavior Hiding fraud in an organization Avoiding workplace conflicts None 19. Which act in India regulates competition in business? Companies Act, 2013 Competition Act, 2002 SEBI Act, 1992 GST Act, 2017 None 20. Which is an example of unethical business practice? Insider trading Corporate social responsibility Fair trade policies Transparency in reporting None 21. Who is known as the "Father of Modern Entrepreneurship"? Peter Drucker Joseph Schumpeter Henry Ford Elon Musk None 22. Which of the following is NOT a type of entrepreneur? Intrapreneur Social entrepreneur Traditional entrepreneur Technopreneur None 23. Bootstrapping in entrepreneurship refers to: Using personal savings and resources to start a business Raising funds from venture capitalists Government grants for startups None of the above None 24. Angel investors provide funding to startups in exchange for: Equity Fixed interest Loan repayment Business closure None 25. Which of the following is a key feature of entrepreneurship? Risk-taking Routine job Government employment Fixed salary None 26. The primary goal of an entrepreneur is to: Generate profit Increase competition Work for an MNC Avoid risk None 27. Which government body promotes MSMEs in India? RBI SEBI SIDBI IRDAI None 28. Which funding option is available for startups in India? Mudra Loans Venture Capital Angel Investment All of the above None 29. Which initiative promotes women entrepreneurs in India? Stand-Up India Digital India Skill India Make in India None 30. Which government body promotes MSMEs in India? RBI SEBI SIDBI IRDAI None 31. Which function of management involves comparing actual performance with planned performance? Planning Organizing Controlling Directing None 32. Which of the following is a major component of Total Quality Management (TQM)? Cost-cutting Employee empowerment Bureaucratic structure Centralized decision-making None 33. Which of the following is a key component of a mission statement? Organizational objectives Employee salaries Competitor analysis Product pricing None 34. Ethical dilemmas arise when: Laws are unclear Moral values conflict with business goals There is perfect information available Employees strictly follow rules None 35. Which concept ensures businesses act in the best interest of stakeholders? Profit Maximization Business Ethics Corporate Social Responsibility (CSR) Market Expansion None 36. Which of the following is NOT considered an unethical business practice? Insider trading Tax evasion Fair competition False advertising None 37. Which of the following is an example of a "Green Business"? A fast-food restaurant A coal mining company A solar energy startup A traditional retail store None 38. Which funding source is commonly used for startups in the early stages? IPO Angel Investors Bank Loan Corporate Bonds None 39. Which government scheme supports startup businesses in India? Pradhan Mantri Jan Dhan Yojana Start-Up India National Rural Employment Guarantee Act Sarva Shiksha Abhiyan None 40. Which of the following is a characteristic of a successful entrepreneur? Risk-taking ability Avoiding decision-making Preferring routine work Fear of failure 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!
