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EDP Training Question Answer For PMEGP Loans || A Step-by-Step Guide to EDP Training.

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EDP Training Question Answer For PMEGP Loans.

EDP Training For PMEGP Loans

Certainly! PMEGP (Prime Minister’s Employment Generation Programme) loans are aimed at providing financial support to small businesses in India. EDP (Entrepreneurship Development Program) training is often a prerequisite for applicants. Here are some common questions and answers related to EDP training for PMEGP loans:

Common Questions and Answers

  1. What is EDP training?
    • EDP training is designed to enhance entrepreneurial skills among potential and existing entrepreneurs. It covers various aspects of starting and managing a business, including business planning, marketing, financial management, and legal compliance.
  2. Who is eligible for EDP training under PMEGP?
    • Any individual who is planning to start a new venture or expand an existing business can participate. There are typically no strict eligibility criteria, but it is beneficial for those applying for PMEGP loans.
  3. How long does the EDP training last?
    • EDP training programs can vary in duration but generally last from a few days to several weeks, depending on the institution and the specific curriculum.

PMEGP ऋण के लिए EDP प्रशिक्षण

निश्चित रूप से! PMEGP (प्रधानमंत्री रोजगार सृजन कार्यक्रम) ऋण का उद्देश्य भारत में छोटे व्यवसायों को वित्तीय सहायता प्रदान करना है। EDP (उद्यमिता विकास कार्यक्रम) प्रशिक्षण अक्सर आवेदकों के लिए एक शर्त है। PMEGP ऋण के लिए EDP प्रशिक्षण से संबंधित कुछ सामान्य प्रश्न और उत्तर यहां दिए गए हैं:

सामान्य प्रश्न और उत्तर

1. EDP प्रशिक्षण क्या है?

  • EDP प्रशिक्षण संभावित और मौजूदा उद्यमियों के बीच उद्यमशीलता कौशल को बढ़ाने के लिए डिज़ाइन किया गया है। इसमें व्यवसाय नियोजन, विपणन, वित्तीय प्रबंधन और कानूनी अनुपालन सहित व्यवसाय शुरू करने और प्रबंधित करने के विभिन्न पहलुओं को शामिल किया गया है।

2. PMEGP के तहत EDP प्रशिक्षण के लिए कौन पात्र है?

  • कोई भी व्यक्ति जो नया उद्यम शुरू करने या मौजूदा व्यवसाय का विस्तार करने की योजना बना रहा है, वह भाग ले सकता है। आम तौर पर कोई सख्त पात्रता मानदंड नहीं हैं, लेकिन यह PMEGP ऋण के लिए आवेदन करने वालों के लिए फायदेमंद है।

3. EDP प्रशिक्षण कितने समय तक चलता है?

  • EDP प्रशिक्षण कार्यक्रम अवधि में भिन्न हो सकते हैं लेकिन आम तौर पर संस्थान और विशिष्ट पाठ्यक्रम के आधार पर कुछ दिनों से लेकर कई हफ्तों तक चलते हैं।

EDP Training Supported Video

EDP Training Questions & Answers- ईडीपी प्रशिक्षण प्रश्न और उत्तर

MODULE I (EDP Training Question Answer)

1 : What is one of the conditions occurs when a child has been brought up according to psycodynamic model?

  1. Child abuse
  2. Extreme poverty
  3. Broken marriages
  4. All of these

CORRECT ANSWER: All of these.
DESCRIPTION: This condition/situation occurs when a child has been brought up in ither of the following conditions/situations: • Loss of one or both parents • Broken marriages • Extreme poverty • Refugees, and • Child abuse.

2 : What does MoMSME stand for?

  1. Ministry of Micro, Small and Medium Enterprises
  2. Ministry of Managerial Sectors and Medium Enterprises
  3. Ministry of Micro, Small and Managarial enterprises
  4. none of these.

CORRECT ANSWER: Ministry of Micro, Small and Medium Enterprises DESCRIPTION: PMEGP is a central sector scheme administered by the Ministry of Micro, Small and Medium Enterprises (MoMSME).

3 : What according to you is the main objective of PMEGP?

  1. to provide employment opportunities to unemployed masses
  2. to educate the needy ones
  3. to develop the rural infrastructure
  4. None of these.

CORRECT ANSWER: to provide employment opportunities to unemployed masses.
DESCRIPTION: PMEGP is the flagship programme of KVIC with main objective to provide employment opportunities to the unemployed masses through setting up of micro enterprises in the country.

4 : Motivating Aspiring Entreprenuer to start their Enterprise, is the one of the platform of three pillars on which WEP’s Build. Name the Pillar?

  1. Karma Shakti
  2. Ichha Shakti
  3. Gyan Shakti
  4. None of these.

CORRECT ANSWER: Ichha Shakti.
DESCRIPTION: The platform aspires to substantially increase the number of women entrepreneurs who will create and empower a
dynamic New India. These aspirations are manifest in the three pillars on which WEP is built: Ichha Shakti (motivating aspiring entrepreneurs to start their enterprise) Gyaan Shakti (providing knowledge and ecosystem support to women entrepreneurs to help them foster entrepreneurship) Karma Shakti (providing hands-on support to entrepreneurs in setting-up and scaling up businesses).

5 : What is the mandatory duration of Manufacturing/ service sector project with cost of upto and inclusive of 5.00 lakh rupees?

  1. 4 working days
  2. 8 working days
  3. 10 working days
  4. 6 working days.

CORRECT ANSWER: 6 working days.
DESCRIPTION: For manufacturing/service sector projects up to and inclusive of Rs.5.00 lakhs project cost, EDP duration is 6 working days is mandatory.

MODULE II

1 : What are the elements of a goal?

  1. An accomplishment to be achieved
  2. The outcome is measurable
  3. The time & cost factors & therefore
  4. All of these.

CORRECT ANSWER: All of these.
DESCRIPTION: Elements of a Goal An accomplishment to be achieved The outcome is measurable The time & cost factors & therefore.

2 : Physical Resources are also known as?

  1. Employee
  2. Industry knows how?
  3. Premises and Equipment
  4. None of these.

CORRECT ANSWER: Premises and Equipment.
DESCRIPTION: Physical Resources: Premises and Equipment Whether a small home business or a retail operation with multiple locations, every organization must have the appropriate physical resources to survive. This includes a proper work space, working telephone line, adequate information systems and effective marketing materials.

3 : Which one of them is the External Factor of Entrepreneurial Motivation?

  1. Influence
  2. Strength
  3. Availability of resources
  4. Both A & C.

CORRECT ANSWER: Both A & C.
DESCRIPTION: Influence Influence of family members, friends, and society motivates the individuals to become entrepreneurs. The extent of influence shows an effect on the character, behavior, and development, it comes from the external environment. Here people get influenced by seeing successful entrepreneurs or by the words of others. Availability of resources Resource availability motivates at a high extent to become entrepreneurs, availability of land, labor, money, machinery, and materials make individual to start a new business. Though there is creativity, intelligence, commitment and enthusiasm in the individuals, but the unavailability of resources becomes an obstacle for new entrants or entrepreneurs.

4 : Which of the following is true?

  1. Negotiation is back and forth communication designed to
    reach agreement while leaving the other side intact and
    positive.
  2. Easier to negotiate when the two sides have some shared
    interests and some opposed.
  3. A&B
  4. Only B.

CORRECT ANSWER: A&B.
DESCRIPTION: What is Negotiation? Negotiation is back and forth communication designed to reach agreement while leaving the other side intact and positive. Easier to negotiate when the two sides have some shared interests and some opposed. Negotiation Soft: Participants are friends. • The goal is agreement. Hard: • Participants are adversaries. • The goal is victory.

5 : Which of the following is a purpose of writing a document?

  1. Provide Information
  2. Give instructions
  3. Present your opinion
  4. All of these.

CORRECT ANSWER: All of these.
DESCRIPTION: Determining the purpose of the document is equally important. It could be one of the following: • Provide information • Give instructions • Propose ideas / persuade the reader • Present your opinion.

MODULE III

1 : PR stands for?

  1. Public Relations
  2. Personal Relation
  3. Person Relation
  4. Public Reputation.

CORRECT ANSWER: Public Relations.
DESCRIPTION: Public Relations is defined as ‘the deliberate, planned and sustained effort to establish and maintain mutual understanding between an organization and its publics’ (Institute of Public Relations). PR can be relatively cheap, but it is certainly not
free. Successful strategies tend to be long-term and plan for all eventualities. All airlines exploit PR; just watch what happens when there is an incident. The pre-planned PR machine clicks in very quickly with a very effective rehearsed plan.

2 : Product Marketing focus on_________?

  1. Selling values
  2. Selling Relationship
  3. Both A and B
  4. None of these.

CORRECT ANSWER: Selling values.
DESCRIPTION: Product marketing refers to the process in which the marketing activities are aligned to promote and sell a specific product for a particular segment.Service marketing implies the marketing of economic activities, offered by the business to its clients for adequate consideration.

3 : Strategies to build loyalty in customer include ________?

  1. Delivering on your promises
  2. Listening to customers
  3. Training staff in customer service and basic sales processes.
  4. All of these.

CORRECT ANSWER: All of these.
DESCRIPTION: Strategies to build loyalty in customer include: • Communicating regularly with customers through social media, blogs or e-news • Providing after sales follow up • Delivering on your promises • Going the extra mile and providing benefits that exceed initial expectations • Using feedback and complaints as an opportunity to improve services • Listening to customers • Training staff in customer service and basic sales processes.

4 : What are the ways to manage Social Advertising campaign?

  1. Run your ad campaigns manually
  2. Run your ad campaigns via automated software
  3. Hire a managed service to run your ad campaigns
  4. All of these.

CORRECT ANSWER: All of these.
DESCRIPTION: RUN YOUR AD CAMPAIGNS MANUALLY The cheapest way to manage your ad campaigns in terms of operating cost is to simply run them yourself. There are no special requirements to manually run a campaign. Just head to the platform you wish to advertise on and set up your campaign on their website. RUN YOUR AD CAMPAIGNS VIA AUTOMATED SOFTWARE Over the years, some pretty fantastic software has been developed to aid in the process of running campaigns. These tools are used by inhouse teams, agencies and solopreneurs alike to achieve advertising success. HIRE A MANAGED SERVICE TO RUN YOUR AD CAMPAIGNS The third option is the simplest, the most expensive and in many cases, the most successful. By hiring a managed service, you can expedite the guesswork and stumbling blocks that come with DIY advertising and simply let proven experts handle it for you.

5 : The promotion tool that may include coupons for attracting consumer attention is best described as being which of the following?

  1. Advertising
  2. Personal Selling
  3. Public Relations
  4. Sales Promotion.

CORRECT ANSWER: Sales Promotion.
DESCRIPTION: Sales promotions tend to be thought of as being all promotions apart from advertising, personal selling, and public relations. For eg. couponing, money-off promotions etc.

6 : Branding means___________?

  1. Creating a Brand
  2. Define a Brand
  3. Both A and B
  4. None of these.

CORRECT ANSWER: Both A and B.
DESCRIPTION: CREATING A BRAND • To attract customers who fit your customer profile, your business’s image should align with your customers’ needs and expectations. • An image makes a company distinctive, or unique, compared to others in the market. • By emphasizing your competitive advantage as part of your image, you can position your products or services to stand out in the market and attract more customers. • An image describes how customers feel about your business. Branding helps you figure out who to target and how to speak their language. DEFINE A BRAND • It’s the means by which people recognize your company or products. Broadly, a brand is the sum of all the values, traits, and interactions that shape a customer’s experience. • Customers have an initial response when they see a product, but their feelings can change once they use it. A successful brand has to make back-end storytelling match up with front-end expectations.

7 : Which of the following is not one of major parts of e-commerce?

  1. B2B
  2. B2C
  3. C2B
  4. C2C.

CORRECT ANSWER: C2B
DESCRIPTION: Consumer-to-business (C2B) is a business model in which consumers (individuals) create value and businesses consume that value. For example, when a consumer writes reviews or when a consumer gives a useful idea for new product
development then that consumer is creating value for the business if the business adopts the input. In the C2B model, a reverse auction or demand collection model, enables buyers to name or demand their own price, which is often binding, for a specific good or service. Inside of a consumer to business market the roles involved in the transaction must be established and the consumer must offer something of value to the business.

8 : Classify the type of advertising media ‘Television and radio advertisements’ is?

  1. Product/Brand Integration
  2. Print Advertising
  3. Outdoor Advertising
  4. None of the above.

CORRECT ANSWER: None of the above.
DESCRIPTION: Types of advertisements are: ? Print Advertising: Newspaper, magazines, & brochure advertisements, etc. ? Broadcast Advertising: Television and radio advertisements. ? Outdoor Advertising: Hoardings, banners, flags, wraps, etc. ? Digital Advertising: Advertisements displayed over the internet and digital devices ? Product/Brand Integration: Product placements in entertainment media like TV show, YouTube video, etc.

9 : Service Marketing focus on__________?

  1. Selling values
  2. Selling Relationship
  3. Both A and B
  4. None of these.

CORRECT ANSWER: Selling Relationship.
DESCRIPTION: Product marketing refers to the process in which the marketing activities are aligned to promote and sell a specific product for a particular segment.Service marketing implies the marketing of economic activities, offered by the business to its clients for adequate consideration.

MODULE IV (EDP Training Question Answer)

1 : What does the system of electronically transfering the funds to other bank accounts over the country called?

  1. ATM Banking
  2. Real Time Gross Settlement
  3. Digital Cash
  4. National Electronic Funds Transfer.

CORRECT ANSWER: National Electronic Funds Transfer.
DESCRIPTION: National Electronic Funds Transfer (NEFT) NEFT is electronic funds transfer system, which facilitates transfer of funds to other bank accounts in over 63000 bank branches across the country. This is a simple, secure, safe, fastest and cost effective way to transfer funds.

2 : The process of submitting tax returns over the Internet, using some tax preparation software is called __?

  1. E-Bill
  2. E-Tax
  3. E-Transaction
  4. None of these.

CORRECT ANSWER: E-Tax.
DESCRIPTION: Taxes can be paid online through E-Tax. This facility enables you to pay TDS, Income Tax, Indirect Tax, Corporation Tax, Wealth Tax, Estate duty and Fringe benefit Tax.The process of submitting tax returns over the Internet, using tax preparation software that has been pre-approved by the relevant tax authority, such as the IRS or the Canada Revenue Agency.

3 : What does a repository of factual information on the credit history and repayment records of commercial and consumer borrowers called?

  1. CGTMSE
  2. SIDBI
  3. CIBIL
  4. None of these.

CORRECT ANSWER: CIBIL.
DESCRIPTION: Credit Information Bureau India Limited (CIBIL): ? It is a repository of factual information on the credit history and repayment records of commercial and consumer borrowers. ? Established by the Government of India and the RBI.

4 : What is the tenure of RBI Taxable Bonds?

  1. 7 years
  2. 5 years
  3. 3 year
  4. 10 years.

CORRECT ANSWER: 7 years.
DESCRIPTION: RBI Taxable Bonds come with a tenure of 7 years.

5 : Which part of the Project Report mentions the close competitors of the project and their performance?

  1. Total Project Cost and Finance Structure
  2. Competitive analysis
  3. Financial projections and ratios
  4. None of these.

CORRECT ANSWER: Competitive analysis.
DESCRIPTION: COMPETITIVE ANALYSIS Competitors are always there in all traditional businesses. The project report should mention the close competitors of the project and their performance.

6 : We can approach the Banking Ombudsman in case of ________?

  1. Rejection of complaint
  2. Not receiving a reply for complaint
  3. Unsatisfactory reply
  4. All of the above.

CORRECT ANSWER: All of the above.
DESCRIPTION: You can approach the Banking Ombudsman if- 1. You have not received a reply from your bank within one month from the date of receipt of complaint by the bank OR 2. The bank has rejected your complaint OR 3. You are not satisfied with bank’s reply.

7 : What is the type of account that is opened by the investor while registering with an investment broker?

  1. Demat account
  2. Fixed Deposit account
  3. Mutual Funds
  4. None of these.

CORRECT ANSWER: Demat account.
DESCRIPTION: In India, shares and securities are held electronically in a dematerialized (or “Demat”) account, instead of the investor taking physical possession of certificates. A Dematerialized account is opened by the investor while registering with an investment broker (or sub-broker).

8 : According to Indian Banking System, banks are of the following types _______?

  1. Commercial Banks
  2. Regional Rural Banks
  3. Cooperative Banks
  4. All of the above.

CORRECT ANSWER: All of the above.
DESCRIPTION: The three types of banks are: Commercial Banks Regional Rural Banks Cooperative Banks.

9 : What are the industries that are applicable for Dairy Entrepreneurship Development Scheme?

  1. Agriculture
  2. Pets and animals
  3. Food and beverages
  4. All of the above.

CORRECT ANSWER: All of the above.
DESCRIPTION: Dairy Entrepreneurship Development Scheme Industry Applicable: Agriculture, pets & animals, social impact, food & beverages.

10 : What are the features of Current Accounts?

  1. Enables businessmen to conduct transactions smoothly.
  2. No restrictions on number of times deposits are done.
  3. No restrictions on the amount of money deposited.
  4. All of the above.

CORRECT ANSWER: All of the above.
DESCRIPTION: Features of Current Accounts : • The main objective of Current Account holders in opening these account is to enable them (mostly businessmen) to conduct their business transactions smoothly. • There are no restrictions on the number of times deposit in cash / cheque can be made or the amount of such deposits;

MODULE V

1 : The Income Tax Act has specified the books of accounts that are required to be maintained for the purpose of Income Tax. These have been prescribed under which section?

  1. section 44AA and Rule 6F.
  2. section 44AB and Rule 4F.
  3. section 44AC and Rule 6F.
  4. section 44AA and Rule 8F.

CORRECT ANSWER: section 44AA and Rule 6F.
DESCRIPTION: The Income Tax Act has specified the books of accounts that are required to be maintained for the purpose of Income Tax. These have been prescribed under section 44AA and Rule 6F.

2 : From July 1st, 2017 all such Indirect Taxes are submerged in one tax law which was named as___________?

  1. The Goods and Services Tax
  2. Customs Duty
  3. Value Added Tax
  4. Sales Tax.

CORRECT ANSWER: The Goods and Services Tax.
DESCRIPTION: Before 2017 the Indirect Tax comprises of various taxes and duties like Service Tax, Sales Tax, Value Added Tax, Customs Duty, Excise Duty and etc. From July 1st, 2017 all such Indirect Taxes are submerged in one tax law which was named as ‘The Goods and Services Tax Act, 2017”.

3 : Once the finance bill is approved by the parliament and gets the clearance from President of India, it becomes the _________?

  1. Finance Act
  2. taxation Act
  3. both of them
  4. none of them.

CORRECT ANSWER: Finance Act.
DESCRIPTION: Once the finance bill is approved by the parliament and get the clearance from President of India, it became the Finance Act.

4 : If you fail to maintain books of accounts as prescribed, you may be charged a penalty of ________?

  1. 25000
  2. 28000
  3. 29000
  4. 50000.

CORRECT ANSWER: 25000.
DESCRIPTION: If you fail to maintain books of accounts as prescribed, you may be charged a penalty of Rs 25,000 .

5 : No exemption is available to the______________?

  1. private religious purpose which does not benefit the public
  2. indirect benefit of any particular religious community or caste
  3. Income of charitable / religious trust is not invested as specified
  4. all of them.

CORRECT ANSWER: all of them.
DESCRIPTION: No exemption is available to the following incomes of trust/institution: •Entire income from property held under trust for private religious purpose which does not benefit the public •Entire income of charitable Trust or institution established for the indirect benefit of any particular religious community or caste •Entire income, If income (wholly or partly) and property of the charitable or religious trust or institution is used for the benefit of specified person** •Income of charitable / religious trust is not invested as specified.

6 : A person who under the income tax act is subject to pay taxes or any other sum of money, as defined under___________ of the Act?

  1. section 2 (7)
  2. section 2 (5)
  3. section 2 (6)
  4. none of them.

CORRECT ANSWER: section 2 (7).
DESCRIPTION: An assessee is a taxpayer means a person who under the income tax act is subject to pay taxes or any other sum of money, as defined under section 2 (7) of the Act.

7 : Contribution to NPS is another tax saving avenue for claim of deduction under which section?

  1. Section 80DCD
  2. Section 80CDD
  3. Section 80CCD
  4. none of them.

CORRECT ANSWER: Section 80CCD.
DESCRIPTION: Contribution to NPS is also another tax saving avenue for claim of deduction under Section 80CCD.

8 : EBN stands for?

  1. Eway Broad Number
  2. Eway Bill Number
  3. Eway book Number
  4. Eway border Number.

CORRECT ANSWER: Eway Bill Number.,
DESCRIPTION: When an eway bill is generated, a unique Eway Bill Number (EBN) is allocated and is available to the supplier, recipient, and the transporter.

9 : Who published a notification for exempting private companies from the ambit of various sections under the Companies Act?

  1. The Ministry of Commerce Affairs
  2. The Ministry of Current Affairs
  3. The Ministry of Corporate Affairs
  4. The Ministry of finance affair

CORRECT ANSWER: The Ministry of Corporate Affairs.
DESCRIPTION: The Ministry of Corporate Affairs thereafter published a notification for exempting private companies from the ambit of various sections under the Companies Act.

10 : Where the Trust is created for the benefit of a specified person or class of persons, it is known as a________?

  1. Private Trust
  2. Public Trust
  3. cooperate trust
  4. none of them.

CORRECT ANSWER: Private Trust.
DESCRIPTION: Where the Trust is created for the benefit of a specified person or class of persons, it is known as a Private Trust.

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