SRM VALLIAMMAI ENGINEERING COLLEGE

(An Autonomous Institution)

SRM Nagar, Kattankulathur – 603 203

DEPARTMENT OF MECHANICAL ENGINEERING

QUESTION BANK

VIII SEMESTER
MG6071 – Entrepreneurship Development

Regulation – 2013

Academic Year 2019 – 2020

Prepared by

Mr. K. Suresh – Asst. Professor

Department of Management Studies

1
 SRM VALLIAMMAI ENGINEERING COLLEGE
(An Autonomous Institution)
SRM Nagar, Kattankulathur – 603 203.

DEPARTMENT OF MECHANICAL ENGINEERING

QUESTION BANK

SUBJECT : MG6071 – ENTREPRENEURSHIP DEVELOPMENT

UNIT – I - ENTREPRENEURSHIP
SYLLABUS: Entrepreneur – Types of Entrepreneurs – Difference between Entrepreneur and Intrapreneur
Entrepreneurship in Economic Growth, Factors Affecting Entrepreneurial Growth.
PART- A
S.NO QUESTIONS BT LEVEL COMPETENCE
1 Define Entrepreneurship. Level 1 Remember

2 Give a brief note on Fabian Entrepreneur. Level 2 Understand

3 Narrate the concept of Intrapreneurship. Level 3 Apply

4 Outline the differences between Entrepreneur and Intrapreneur. Level 4 Analyse

5 Explain the characteristics of an Entrepreneur. Level 5 Evaluate

6 Write an account on barriers to Entrepreneurship. Level 6 Create

7 What are the Entrepreneurial Traits? Level 1 Remember

8 List out the skills required for an entrepreneur. Level 2 Understand

9 Describe Social Entrepreneur. Level 3 Apply

10 Write a short note on Entrepreneurship as a career. Level 4 Analyse
11 State the barriers to Entrepreneurship. Level 5 Evaluate

12 Identify the role of Government in promoting entrepreneurs. Level 6 Create

13 What are the factors affecting business environment? Level 1 Remember

14 State the need for Entrepreneurship Development. Level 2 Understand

15 Write about Drone Entrepreneurs. Level 3 Apply

16 Differentiate Innovator and Imitator. Level 4 Analyse

17 Give an outline on Serial Entrepreneurs. Level 1 Remember
18 What are the various types of Entrepreneurs? Level 2 Understand

19 Explain the importance of innovation in Entrepreneurship. Level 1 Remember

20 What are the risks involved in Entrepreneurship? Level 1 Remember

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 PART- B
S.NO QUESTIONS BT LEVEL COMPETENCE
a. Explain the concept of Entrepreneurship. (5)
1 Level 1 Remember
Discuss the role of Entrepreneurs in the development of the
b. (8)
economy.
2 Write a detailed note on the characteristics of an Entrepreneur. Level 2 Understand
Elaborate the importance of Science and technology in
3 Level 3 Apply
Entrepreneurship.
4 Compare and contrast Entrepreneur Vs Manager. Level 4 Analyse

5 Evaluate the various factors affecting entrepreneurial growth. Level 5 Evaluate

6 Discuss the various entrepreneurial traits. Level 6 Create

7 Write a detailed note on the classification of entrepreneurs. Level 1 Remember

8 Explain the stages in Entrepreneurial Process. Level 2 Understand

9 Elaborate the barriers in Entrepreneurial Development. Level 3 Apply

10 Analyse the competencies required for an Entrepreneur. Level 4 Analyse

What is a Business Environment? How is it important for a
11 a. (5)
Business? Level 1 Remember
Discuss how businesses are affected due to changes in the
b. (8)
environment?
12 Narrate the skills required for an Entrepreneur. Level 2 Understand

13 “Role of an Entrepreneur is Dynamic” – Discuss. Level 4 Analyse

14 Analyse the role of Entrepreneurs in nation building. Level 1 Remember

PART – C
S.No Questions
What are the cultural, social, economic and personality factors that affect the entrepreneurial
1
growth?
In your opinion is the current economic scenario more conducive for young entrepreneurs?
2
Substantiate your views.
3 What advice would you give to young aspirants towards Entrepreneurship as a career option?
Mr. X wants to be a successful businessman. He has recently completed his Mechanical degree.
His father advised him to take up a course in Entrepreneurship Development. He is now filled with
4 anxiety as to how this course in entrepreneurship is going to help him in achieving his dreams?
Question:
How would you help to relieve Mr. X’s anxiety? How is this course going to help him?

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 UNIT – II - MOTIVATION
SYLLABUS: Major Motives Influencing an Entrepreneur – Achievement Motivation Training, Self-Rating,
Business Games, Thematic Apperception Test – Stress Management, Entrepreneurship Development
Programs – Need, Objectives.
PART - A

S.NO QUESTIONS BT LEVEL COMPETENCE

1 List the motives influencing an Entrepreneur. Level 1 Remember

2 Give a brief of achievement motivation. Level 2 Understand

3 State the required competencies for an entrepreneur. Level 3 Apply

4 Explain Thematic Apperception test. Level 4 Analyse
5 How would you manage Stress? Level 5 Evaluate

6 Outline the causes for stress. Level 6 Create

7 What is the purpose of business games? Level 1 Remember

8 Discuss the importance of Self Rating. Level 2 Understand

9 Suggest few measures to boost achievement motivation. Level 3 Apply

10 Explain the concept of Stress Management. Level 4 Analyse

11 State the objectives of Entrepreneurship Development Programs. Level 5 Evaluate

12 Narrate government role in promoting entrepreneurs. Level 6 Create

13 Discuss the concept of EDP. Level 1 Remember
Outline the role of family and society in entrepreneurship
14 Level 2 Understand
development.
State few methods of delivering Entrepreneurship Development
15 Level 3 Apply
Training.
16 How does support services assist in ED? Level 4 Analyse

17 Write about the need for entrepreneurship training. Level 1 Remember

State few organizations that work for Entrepreneurship
18 Level 2 Understand
Development.
19 What is meant by Tax Holiday? Level 1 Remember

20 What is the role of Entrepreneurial Support Organisation? Level 1 Remember

PART- B
S.NO QUESTIONS BT LEVEL COMPETENCE

1 a. Explain the concept of Entrepreneurial Motivation. (5)

Level 1 Remember
b. Discuss the major motives influencing an entrepreneur. (8)
Critically evaluate the role of support institutions to promote
2 Level 2 Understand
entrepreneurs.
3 a. Discuss the concept of Power Motivation. (7) Level 3 Apply

4
 b. Discuss the concept of Affiliation Motivation. (6)

4 a. Explain the concept of Self Rating. (5)

Level 4 Analyse
b. Explain how does it help in Entrepreneurship Aspirations. (8)

5 ‘Entrepreneurship as a Career Option’ – Discuss Level 5 Evaluate

What is meant by Thematic Apperception Test? Explain the
6 Level 6 Create
procedure for conducting TAT.
7 a. State and explain the causes for Stress. (5)
Level 1 Remember
b. Suggest few measures to overcome Stress. (8)
Elaborate the objectives of conducting Entrepreneurship
8 Level 2 Understand
Development Programs.
9 Write a detailed note on methods of conducting EDP. Level 3 Apply

Discuss the various schemes by Govt. of India to promote

10 Level 4 Analyse
entrepreneurs.
“In the current scenario Entrepreneurship development is the Level 1
11 Remember
need of the hour” – Give your views.
State the various types of assistance provided by
12 Level 2 Understand
Organization Support Services for Entrepreneurs.
Discuss the industrial policies and regulation for
13 Level 4 Analyse
Entrepreneurship Development.

Give a critical analysis on Government measures to promote

14 Level 1 Remember
and support young entrepreneurs.

PART - C
S. No Questions

1 “Entrepreneurship is metamorphosis process” – Discuss.

2 Narrate the various promotional schemes in effect in order to support entrepreneurs in India.

3 Discuss the Entrepreneurial Ecosystem in India.

Mr. Parekh is a successful engineering graduate with rich experience for more than 10 years in the
field of manufacturing. He has conceived an idea on setting up his own manufacturing unit. He is
4 currently scouting on the various Entrepreneurial Development support offered by the government
and would like to have an understanding on the entrepreneurial ecosystem.
Question: Based on your learning how would you guide Mr Parekh?

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 UNIT – III - BUSINESS
SYLLABUS: Small Enterprises – Definition, Classification – Characteristics, Ownership Structures –
Project Formulation – Steps involved in setting up a Business – identifying, selecting a Good Business
opportunity, Market Survey and Research, Techno Economic Feasibility Assessment – Preparation of
Preliminary Project Reports – Project Appraisal – Sources of Information – Classification of Needs and
Agencies.
PART - A

S.NO QUESTIONS BT LEVEL COMPETENCE

1 Define a Small-Scale Enterprise. Level 1 Remember

2 How would you classify Small-Scale Industries? Level 2 Understand

3 Explain Partnership Organisation. Level 3 Apply

Differentiate between Sole proprietorship and Partnership
4 Level 4 Analyse
Organization.
5 Write down the features of a Company. Level 5 Evaluate
State the advantages and disadvantages of a Co-Operative
6 Level 6 Create
Society.
7 What is a meant by a Project report? Level 1 Remember

8 How would you define a project? Level 2 Understand

9 Write down the stage in Project formulation. Level 3 Apply

10 State the legal definition of a Company. Level 4 Analyse
11 Why is a Project report important? Level 5 Evaluate
12 State few measures in selecting projects. Level 6 Create

13 What is meant by Feasibility Analysis? Level 1 Remember

14 Explain market research. Level 2 Understand

15 Discuss Techno Economic Feasibility? Level 3 Apply
16 Explain Project Appraisal. Level 4 Analyse

17 List the contents of a Project Report. Level 1 Remember

18 State few techniques in Idea Generation. Level 2 Understand

19 Write down the steps in starting a business. Level 1 Remember

20 What is meant by Techno Economic Analysis? Level 1 Remember

PART- B
S.NO QUESTIONS BT LEVEL COMPETENCE
Explain the concept of Small-Scale Enterprise and its role in
a. (6)
Indian Economy.
1 Level 1 Remember
b. Discuss in detail the various types of SSI. (7)

2 Give a detailed analysis on the characteristics of SSI. Level 2 Understand

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3 a. What is meant by Ownership Structure? (3)
Level 3 Apply
b. Explain the various types of Ownership. (10)

a. How would you define a company? Explain its features. (8)

4 Level 4 Analyse
Discuss the advantages and disadvantages of setting up a
b. (5)
company.

5 Differentiate between company and cooperative society. Level 5 Evaluate

How would you choose the right ownership structure for your
6 Level 6 Create
business?

a. Explain the term Project Formulation. (3)

7 Level 1 Remember
b. Discuss the stages in Project Formulation. (10)

Give a detailed explanation on the content in writing a Project

8 Level 2 Understand
Report.
Discuss in detail the various methods in Project Appraisal and
9 Level 3 Apply
the various sources of information.
10 Elaborate the steps involved in starting a business. Level 4 Analysing

Narrate the process involved in identifying and selecting a Level 1

11 Remember
good project.
a. How would you explain a Market Research? (3)
12 Level 2 Understand
Examine the importance of market survey and research before
b. (10)
finalizing a project
Compare and Contrast Sole Proprietorship and Partnership
13 Level 4 Analyse
firm.
14 Discuss about Cooperative Organization Structure in detail. Level 1 Remember

PART - C
S. No Questions
1 Prepare a detailed project report for any Cottage Industry

2 How would you evaluate a project report on starting a specialty restaurant?

3 Give a Techno Economic Feasibility analysis for an auto ancillary unit.

Surekha a young graduate who inspires to be an entrepreneur. She comes from an economically
poor background. Her mother works as a full-time maid for one of the well to do families. Her
mother’s employer is ready to give Rs 2,00,000/- as an initial investment for Surekha to start her
4 business
Question: You are asked to advice Surekha on the line of business that she could start with the
above-mentioned capital. Give an elaborate justification for the line of business suggested and
also draw a business plan for the same.

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 UNIT – IV – FINANCING AND ACCOUNTING
SYLLABUS: Need – Sources of Finance, Term Loans, Capital Structure, Financial Institution,
Management of working Capital, Costing, Break Even Analysis, Taxation – Income Tax, Excise Duty –
Sales Tax.
PART - A
S.NO QUESTIONS BT LEVEL COMPETENCE
1 What is meant by Financial planning? Level 1 Remember

2 State few examples of Fixed Assets and Current Assets. Level 2 Understand

3 How would you define Working Capital? Level 3 Apply

4 Differentiate between long term and Short-term capital. Level 4 Analyse

5 State few sources of internal finance. Level 5 Evaluate

6 Identify the sources of Long-Term Loans. Level 6 Create

7 What do you mean by Capital Structure? Level 1 Remember

8 Explain Factoring. Level 2 Understand

9 State the factors in determining the Capital Structure. Level 3 Apply

10 Discuss the significance of Working Capital management. Level 4 Analyse

11 Explain the concept of Break Even Analysis? Level 5 Evaluate

12 Differentiate Fixed Cost and Variable Cost. Level 6 Create

13 List down few institutions in entrepreneurial finance. Level 1 Remember

14 State the role of SIDBI. Level 2 Understand

15 Explain the need for Tax Benefits to SSI. Level 3 Apply

16 Highlight the need for institutional support to SSI Level 4 Analyse

17 What do you mean by Excise Duty? Level 1 Remember

18 Explain the concept of Hire Purchase. Level 2 Understand

Differentiate between Capital Lease and Operational
19 Level 1 Remember
Lease.
20 Explain the concept of Sales Tax. Level 1 Remember

PART- B
BT
S.NO QUESTIONS COMPETENCE
LEVEL
a. Explain the need for Financial planning (5)
1 Level 1 Remember
b. Discuss in detail the classification of Financial Needs. (8)

2 Identify the various source of finance. Level 2 Understand

3 a. State the features of an Optimum Capital Structure. (5) Level 3 Apply

8
 b. Explain Capital Structure and its components. (8)
Give a detailed analysis on factors determining Capital
4 Level 4 Analyse
Structure.
5 How would you explain the concept of Operating Cycle? Level 5 Evaluate

6 Write down a critical evaluation on Break Even Analysis. Level 6 Create

7 Comment on institutional support for entrepreneurs. Level 1 Remember

a. What is meant by Hire Purchase? (5)

8 Level 2 Understand
b. Narrate the procedure for Hire Purchase. (8)

9 Elucidate the various types of Lease Agreements. Level 3 Apply

State the role of Financial institutions in Entrepreneurial
10 Level 4 Analyse
Financing.
a. How would you explain Working Capital? (5)
11 Level 1 Remember
b. Explain the management of Working Capital. (8)

12 Discuss Government Tax Policy towards SSI. Level 2 Understand

Elaborate the role of Industrial Financing Companies in India
13 Level 4 Analyse
towards Entrepreneurial Development.

14 ‘Entrepreneurial Financing needs greater support’ – Comment Level 1 Remember

PART - C
S. No Questions
1 Draft an optimum Financial Plan for a new project.
2 Narrate the sources of Entrepreneurial Financing.
3 Give an outline on the role of Tax in Entrepreneurial Development.

4 Discuss the need and importance of Working Capital management.

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 UNIT – V – SUPPORT TO ENTREPRENEURS
SYLLABUS: Sickness in small Business – Concept, Magnitude, Causes and Consequences, Corrective
Measures - Business Incubators – Government Policy for Small Scale Enterprises –Growth Strategies in
small industry – Expansion, Diversification, Joint Venture, Merger and Sub Contracting.
PART - A
S.NO QUESTIONS BT LEVEL COMPETENCE
1 How would you define a Sick Unit? Level 1 Remember
2 Give a brief on Exogenous cause. Level 2 Understand
3 State the consequences of industrial Sickness. Level 3 Apply
4 Outline the stages of growth in SSI. Level 4 Analyse

5 Explain the term Strategy. Level 5 Evaluate

6 In your view what growth strategy are available for SSI? Level 6 Create
7 What do you mean by Diversification Strategy? Level 1 Remember
8 List out the advantages of Expansion Strategy. Level 2 Understand
9 Describe the term Conglomerate Diversification. Level 3 Apply
10 Identify the advantages of Diversification Strategy. Level 4 Analyse
11 State the Pros and Cons of Merger. Level 5 Evaluate
12 Write short note on Amalgamation. Level 6 Create
13 Differentiate between Concentric Vs Conglomerate Merger. Level 1 Remember
14 State the advantages of Subcontracting. Level 2 Understand
15 Discuss Franchising. Level 3 Apply
16 Outline Pros and Cons of Franchising. Level 4 Analyse
17 Identify the consequences of industrial Sickness. Level 1 Remember
18 Differentiate between Joint Venture and Merger. Level 2 Understand
19 What are the objectives of Business Incubators? Level 1 Remember
20 What is meant by a Business Incubator? Level 1 Remember

PART- B
BT
S.NO QUESTIONS COMPETENCE
LEVEL
Discuss the concept and magnitude of industrial Sickness in
1 Level 1 Remember
India.
a. How would you define a Sick Unit? (5)
2 Level 2 Understand
b. Discuss the consequences of Sick Unit. (8)

3 Give a detailed note on the various stages of growth in SSI. Level 3 Apply

a. What do you mean by Growth Strategy? (5)

4 Level 4 Analyse
b. Outline the various growth strategies. (8)

10
 a. Discuss Expansion Strategy and its types. (5)
5 Level 5 Evaluate
b. State the Pros and Cons of Expansion Strategy. (8)
a. Discuss the means for revival of Sick Units. (5)
6 Level 6 Create
b. Briefly explain the corrective measures towards Sick Units (8)
Discuss the role of Business Incubators in Entrepreneurial
7 Level 1 Remember
Development in India.

8 Comment on the various government policies towards SSI. Level 2 Understand

a. Explain Diversification Strategy. (5)

9 Level 3 Apply
Identify the advantages and disadvantages of diversification
b. (8)
strategy.
a. Write a detailed note on Joint Ventures. (5)
10 Level 4 Analyse
Discuss the Advantages and Disadvantages of Joint
b. (8)
Ventures.
a. Outline Mergers and its types. (5)
11 Level 1 Remember
b. Discuss the pros and cons of mergers. (8)

a. Explain the concept of Subcontracting. (5)

12 Level 2 Understand
b. How does it suit for small scale entrepreneurs? (8)

13 a. Elaborate on the concept of Franchising. (5)

Level 4 Analyse
b. State the Advantages and Disadvantages of Franchising. (8)

14 Compare and contrast Merger and Joint Venture. Level 1 Remember

PART - C
S. No Questions

1 Write a detailed essay on industrial sickness in India.

2 Draft a suitable expansion strategy for Automobile Ancillary Unit.

3 Give your suggestion for the revival of Handloom Sector in Tamilnadu.

‘The Small Scale Industries contribute to the economic development of the country’ - Defend this
4
statement.

11