Entrepreneurship Development Programme (EDP) Q&A

Entrepreneurship Development Programme (EDP) Q&A.

What is EDP?

An Entrepreneurship Development Programme (EDP), EDP Training is Mandatory for All PMEGP Beneficiary, of 1-2 weeks duration, aims at training the S&T graduates and the diploma holders in the essentials of conceiving, planning, initiating and launching an economic activity or an enterprise successfully.

What is EDP Organisation?

The objective of the programme is to develop Entrepreneurship skill among the educated unemployed for setting up of own projects towards self-employment.

Entrepreneurship Development Programme (EDP) Q&A

MODULE I

1 : What is Eligibility criteria for PMEGP scheme in terms of Age?

1. 16 years
2. 18 years
3. 20 years
4. 22 years

Answer:- 18 years

2 : what is the flagship programme of KVIC?

1. PMEGP
2. RSETI
3. KVIB
4. MSME

Answer:-PMEGP

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

Answer:-to provide employment opportunities to unemployed masses.

4 : What scheme merged with Prime Minister’s Rojgar Yojna?

1. KVIC
2. KVIB
3. DIC
4. REGP

Answer:-REGP.

5 : What does the Psychological Theories of Entrepreneurship includes?

1. Locus of control
2. Psychodynamic model by Kets de Vries
3. Risk taking propensity.
4. All of these

Answer:-All of these.

MODULE II

1 : What is the main example of Communication Skill?

1. Active listening
2. Friendliness
3. Both A & B
4. None of these

Answer:-Both A & B.

2 : 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

Answer:-All of these.

3 : ___________is the ability to use language (receptive) and express (expressive) information.

1. Thinking
2. Behavior
3. Communication skills
4. None of these

Answer:-Communication skills.

4 : What is the importance of Entrepreneurs?

1. Dispersal of economic power
2. Increases national production
3. Increases national production
4. All of these

Answer:-All of these.

MODULE III

1 : What is the marketing Strategy for Small Bussiness?

1. Market Research
2. Profile your Target Markets
3. Both A and B
4. None of these

Answer:-Both A and B.

2 : What should you do to build a long-term relationship with your customers?

1. Communication and Be open with Customer
2. Appeal to the consumers need
3. Make your client feel valued
4. All of these

Answer:-All of these

3 : Which Payment Method appoints third party for Payment?

1. Merchant Account
2. Payment Processors
3. Payment Gateway
4. All of these

Answer:-Payment Processors

4 : ___________is the added value endowed on services and products.

1. Brand value
2. Brand strategy
3. Brand equity
4. None of the above

Answer:-Brand equity.

5 : What is the objective of advertising?

1. To Inform
2. To Persuade
3. To Remind
4. All of these

Answer:-All of these.

6 : Prospecing, Pre-Approach,Approach, Sales Presentation, Sales Plan and handling Competiton are part of?

1. Sell-Technique
2. E-commerce
3. Digital Marketing
4. None of these

Answer:-Sell-Technique.

7 : In Service marketing ____________________?

1. Products come to customers
2. Customers come to service
3. Both A and B
4. None of these

Answer:-Customers come to service.

8 : In product marketing _______?

1. Products come to customers
2. Customers come to service
3. Both A and B
4. None of these

Answer:-Products come to customers.

9 : Value chain analysis is a means to______?

1. Achieve higher customer satisfaction
2. Manage costs more effectively
3. Focusing on simplification
4. Both A and B

Answer:-Both A and B.

10 : Product Marketing focus on_________?

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

Answer:-Selling values.

1 : Which one of these is the major component of Working Capital Management?

1. Cash Management
2. Account Payable/Receivables Management
3. Inventory Management
4. All of the above

Answer:-All of the above.

2 : The first choice of most retirees is ____?

1. Bank Fixed Deposits
2. Stock Market
3. Mutual Funds
4. Senior Citizens’ Saving Scheme

Answer:-Senior Citizens’ Saving Scheme.

3 : What are the factors that determine creditworthiness for business?

1. Size of company
2. Outstanding debts of company
3. Industry Risk
4. All of the above

Answer:-All of the above.

4 : The Fixed Deposit Accounts or Term Deposits in India have tenures for period from ____?

1. 7 days to 10 years
2. 1 year to 5 years
3. 7 days to 1 year
4. 1 month to 3 years

Answer:-7 days to 10 years.

5 : Which of these sectors is eligible for Pradhan Mantri Mudra Yojana?

1. Manufacturing
2. Trading
3. Service
4. All of the above

Answer:-All of the above.

6 : What is the tenure of RBI Taxable Bonds?

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

Answer:-7 years

7 : What are the conditions on which the loan allowed depends?

1. Bank
2. Amount of money deposited
3. Account type
4. All of the above

Answer:-All of the above.

8 : Banking Ombudsman Scheme enable the people to file complain to resolve the banking issues. This scheme was started in the year __?

1. 2006
2. 2000
3. 2010
4. 2008

Answer:-2006.

9 : Which scheme is headed by National Bank for Agriculture and Rural Development (NABARD)?

1. SIDBI Make In India Soft Loan Fund For Micro Small And
   Medium Enterprises
2. Venture Capital Assistance Scheme
3. Dairy Entrepreneurship Development Scheme
4. Pradhan Mantri Mudra Yojana (PMMY)

Answer:-Dairy Entrepreneurship Development Scheme.

10 : What are the functions provided by Kiosk Banking?

1. Cheque book request
2. Printing bank statements
3. Fund transfer
4. All of the above

Answer:-All of the above.

MODULE V

1 : Medical insurance and Preventative health comes under_________?

1. Section 80D
2. Section 80C
3. Section 80G
4. none of them

Answer:-Section 80D

2 : Composition Scheme is a simple and easy scheme under____________?

1. GST
2. CBDT
3. CBST
4. CBCT

Answer:-GST.

3 : Income Tax and Wealth Tax are the part of__________?

1. Direct Tax
2. Indirect Tax
3. both of them
4. none of them

Answer:-Direct Tax.

4 : If you are not salaried, or you are still salaried, but don’t get HRA, then you can claim deduction for rent under which section?

1. Section 80GG
2. Section 70GG
3. Section 90GG
4. Section 50GG

Answer:- Section 80GG.
DESCRIPTION: If you are not salaried, or you are still salaried, but don’t get HRA, then you can claim deduction for rent under Section 80GG.

5 : Taxes can be broadly classified into how many types?

1. 4
2. 3
3. 2
4. 1

Answer:-2.

6 : The person who pays the tax, shifts the burden to the person who consumes the goods or services this comes under which type of tax?

1. Direct Tax
2. Indirect Tax
3. both of them
4. none of them

Answer:-Indirect Tax.

7 : 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

Answer:- Finance Act

8 : ITC can be claimed only for ____?

1. business purposes
2. Personal use
3. Exempt supplies
4. all of them

Answer:- Business purposes.

9 : Up to ?2,50,000* income are supposed to pay income tax_______?

1. nil
2. 5% of total income
3. ?12,500 + 20% of total income
4. ?1,12,500 + 30% of total income

Answer:- Nil

10 : The definition of “Previous Year” is given under which section of the act?

1. 3
2. 4
3. 5
4. 6

Answer:- 3.

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