Classical

June 2015 - Paper 2

41:  
Who viewed entrepreneur as a non-fixed income earner with known costs of production but uncertain income and therefore, operating at a risk?
A.

Adam Smith

B.

Richard Contillon

C.

Jean-Baptiste Say

D.

Francis Wolker

 
 

Option: B

Explanation :


42:  
Which one of the following is not a major area of entrepreneurial innovation as suggested by Joseph Schumpeter ?
A.

Product innovation

B.

Process innovation

C.

Market innovation

D.

Structural innovation

 
 

Option: D

Explanation :


43:  
Which one of the following types of entrepreneurs are not proactive in nature and does not respond much to changes in the environment?
A.

Fabian entrepreneur

B.

Adoptive entrepreneur

C.

Drone entrepreneur

D.

Innovative entrepiimeur

 
 

Option: A

Explanation :


44:  

SFURTI (Scheme of fund for regeneration of traditional industries) is implemented by :

A.

Union Ministry of Traditional Industries

B.

National Agricultural cooperative Marketing Federation

C.

Federation of Indian Chamber of Commerce and Industry

D.

Union Ministry of Micr:o, Small and Mediu,m Enterprises

 
 

Option: D

Explanation :


45:  
According to the Tiwari Committee report which one of the following is not an internal cause of industrial sickness in India ?
A.

Lack of manpower planning.

B.

Lack of control systems

C.

Excessive expenditure

D.

Excessive tax policies

 
 

Option: D

Explanation :




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