CUET Entrepreneurship Sample Paper

CUET (UG) Entrance Exam Section II Domain Commerce : Subject Entrepreneurship Sample Paper for free Mock Practice for upcoming academic session 2023-2024 admission Test.

CUET Sample Paper : Entrepreneurship

Number of Questions : Attempt any 40 questions out of 50
Time : 45 Minutes

Q.1: The process of entrepreneurship which involves the translation of a useful idea into an application is called
(a) incubation
(b) innovation
(c) verification
(d) illumination

Q.2: The various sources of idea fields are
(a) Natural resources
(b) Service related
(c) Trading related
(d) All of these

Q.3: Which of the following is not a public sector enterprise?
(a) Departmental undertaking
(b) Public corporation
(c) Sole trader ship
(d) Government company

Q.4: The board of directors of a joint stock company is elected by
(a) general public
(b) government bodies
(c) shareholders
(d) employees

Q.5: Farhan Akhtar driving Royal Enfield bike in ‘Bhaag Milkha Bhaag’ is an example of
(a) product placement
(b) promotion
(c) testimonials
(d) core selling strategies

Q.6: Which sales strategy allows a business to cover a wide geographical market and to sell to a large customer base?
(a) Direct
(b) Indirect
(c) Promotional
(d) None of these

Q.7: The advantages of franchising for a franchiser is/are
(a) quick expansion
(b) cost advantage
(c) Both (a) and (b)
(d) None of these

Q.8: The main ingredients of a franchise agreement
(a) contract explanation
(b) operations manual
(c) proprietary statements
(d) All of the above

Q.9: At break-even level,
(a) Total Revenue > Total Expenses
(b) Total Revenue = Total Expenses
(c) Total Revenue < Total Expanses
(d) None of the above

Q.10: A company uses 300 units of an item per day and the order lead time is 5 days. What should be the level of inventory when a new order is to be placed?
(a) 1,500 units
(b) 1,000 units
(c) 500 units
(d) 2,000 units

Q.11: Internal sources of finance include
(a) trade credit
(b) equity shares
(c) public deposit
(d) All of these

Q.12: Benefits of raising finance through public issue include
(a) higher valuations
(b) incentives
(c) liquidity
(d) All of these

Q.13: According to the ‘PESTEL Model’, which factor emphasises the production of goods with minimum environmental damage?
(a) Economic
(b) Social
(c) Ecological
(d) Technological

Q.14: Entrepreneurs should take advantage of social networking tools like social network sites i.e., Facebook, Instagram, etc. to identify new trends. This is an example of
(a) read trends
(b) talk trends
(c) think trends
(d) watch trends

Q.15: ……… plan is that part of the business plan which describes the proposed venture’s opted form of ownership.
(a) Operational
(b) Production
(c) Organisational
(d) Business venture

Q.16: The process of initiating production in accordance with pre-conceived production plan is said to be … .
(a) routing
(b) scheduling
(c) dispatching
(d) inspection

Q.17: The ‘Marketing strategy’ and ‘Action plan’ comprise of decisions pertaining to which of the following?
(a) Potential hazards present in the competitive environment
(b) Product, place, price, promotion
(c) Customer’s characteristics
(d) Quantifying goals of the organisation

Q.18: ‘How products/services will be distributed, priced and marketed’ is described by which of the following components of a business plan?
(a) Marketing plan
(b) Production plan
(c) Operational plan
(d) Financial plan

Q.19: The maximum number of partners allowed in the banking business are
(a) twenty
(b) ten
(c) fifty
(d) two

Q.20: In which of the following is the reason for mergers and acquisitions?
(a) Synergy
(b) Acquiring new technology
(c) Acquiring a competency
(d) All of the above

Q.21: Which of the following types of franchises provide an organisation with the right to manufacture a product and sell it to the public, using the franchisor’s name and trademark?
(a) Product franchise business opportunity
(b) Manufacturing franchise opportunity
(c) Business franchise opportunity ventures
(d) Business format franchise opportunity

Q.22: While ensuring the growth of his enterprise, an entrepreneur has to play the dual role of a ……… .
(a) manager
(b) leader
(c) Both (a) and (b)
(d) None of these

Q.23: The main ingredients of a franchise agreement
(a) contract explanation
(b) operations manual
(c) proprietary statements
(d) All of the above

Q.24: As per SEBI guidelines, if the company does not receive 90% of the issue amount from public subscription within ……….. from the date of issue, the amount received is required to be refunded.
(a) 60 days
(b) 90 days
(c) 120 days
(d) 150 days

Q.25: The goal of a ……… merger is to create a new larger organisation with more market share.
(a) conglomerate
(b) horizontal
(c) market extension
(d) Both (b) and (c)

Q.26: …………….. indicates the percentage of return on total capital employed in the business.
(a) Return on investment
(b) Return on equity
(c) Re-order quantity
(d) None of the above

Q.27: Sales strategy is important because
(a) it creates awareness about business environment
(b) it helps in measuring short-term performance of sales team
(c) Both (a) and (b)
(d) None of the above

Q.28: Measure of unit in which the products are sold, is called
(a) unit cost
(b) unit of sale
(c) unit price
(d) None of these

Q.29: Which amongst the following is/are example(s) of current liabilities?
(a) Debtors
(b) Creditors
(c) Bills receivables
(d) Prepaid expenses

Q.30: XYZ Company uses 500 units of an item per day and the order lead time is 7 days. Re-order level will be
(a) 1,000 units
(b) 500 units
(c) 3,500 units
(d) None of these

Q.31: A merger between Fiat and Tata motors would be an example of
(a) conglomerate merger
(b) vertical merger
(c) horizontal merger
(d) market extension

Q.32: In the capital market, funds are raised through
(a) debt
(b) equity
(c) Both (a) and (b)
(d) None of these

Q.33: In which type of acquisition, a private company takes over a public company?
(a) Friendly acquisition
(b) Reverse acquisition
(c) Hostile acquisition
(d) Backflip acquisition

Q.34: In which of the following from of merger, two entities combine together and form a new entity,
extinguishing both the existing entities?
(a) Absorption
(b) Amalgamation
(c) Both (a) and (b)
(d) None of these

Q.35: ‘Brand’ word has originated from the word ‘Brandr’ which means ‘to burn’ in
(a) French
(b) German
(c) Norwegian
(d) None of these

Q.36: Which of the following is the consumer sale promotion activity?
(a) Loyalty reward programmes
(b) Event sponsorship
(c) Competitions
(d) Corporate entertainment

Q.37: Cocu is a soft drink company. It sells 200 ml bottle for 8 and 2,000 ml bottle for 55. The company follows which strategy?
(a) Cost-plus pricing
(b) Pentration pricing
(c) Creaming
(d) Variable pricing

Q.38: ‘It is an artificial person created by law’ is a characteristic of which of the follow forms of business
organisation?
(a) Company
(b) Partnership firm
(c) Sole proprietorship
(d) Both (a) and (b)

Q.39: …………….. act as the key visual component of an enterprise’s overall brand identity.
(a) Brand name
(b) Logo
(c) Tagline
(d) Packaging

Q.40: Which of the following elements of plan relates to evaluation and appraisal of work performed?
(a) Dispatching
(b) Routing
(c) Scheduling
(d) Follow-up

Q.41: Vani, Shiva, Bhanu and Kumar are good friends. They are the students of Class IX and are studying in the same school. They were admitted at the age of 5 years and did not fail in any class. They want to start
a retail business. Can they form a partnership?
(a) They can form a partnership after taking permission for the parents.
(b) They can form a partnership after taking permission from their school principal.
(c) They can form a partnership because they are more than two persons.
(d) No, they cannot form a partnership because all of them are minors.

Q.42: In which of the following forms of business organisation there exists separation of ownership from management?
(a) Sole proprietorship
(b) Partnership
(c) Company
(d) Both (b) and (c)

Q.43: The various sources of idea fields are
(a) Natural resources
(b) Service related
(c) Trading related
(d) All of these

Q.44: Which of the following forms of business organisations require minimum two persons to start the same?
(i) Sole proprietorship
(ii) Partnership
(iii) Private company
(iv) Public company
(a) (i) and (ii)
(b) (iii) and (iv)
(c) (ii), (iii) and (iv)
(d) (ii) and (iii)

Q.45: “X Y Z + = , where Z is a new company”. It shows
(a) absorption
(b) amalgamation
(c) acquisition
(d) None of the above

Q.46: Annual consumption of units in Aahaar Limited = 2,000 units, Buying cost per order = 12 Price per unit = 1,000, Storage cost as percentage of price per unit = 12%, EOQ = ?
(a) 400 units
(b) 20 units
(c) 200 units
(d) 100 units

Q.47: The business of partnership firm can be carried out by all the partners or any one of them acting for all. This highlights the following characteristic of partnership.
(a) Agreement
(b) Utmost good faith
(c) Mutual agency
(d) Implied authority

Q.48: Finance raised by issue of ADRs and GDRs is said to be raised from …………….. .
(a) internal sources
(b) external sources
(c) either internal or external sources
(d) None of the above

Q.49: A …………….. is either a tangible or an intangible offering that is required to satisfy the needs and aspirations of a consumer.
(a) service
(b) goods
(c) product
(d) None of these

Q.50: Which of the following is/are the examples of venture capital institutions in India?
(a) Gujarat Venture Finance Limited (GVFL)
(b) Technology Development and Information Company of India Limited (TDICIL)
(c) Andhra Pradesh Industrial Development Corporation
(d) All of the above

Answer Key : CUET Entrepreneurship Sample Paper

1. (b)2. (d)3. (c)4. (a)5. (b)6. (c)7. (c)8. (d)9. (b)10. (a)
11. (b)12. (d)13. (c)14. (b)15. (c)16. (c)17. (b)18. (a)19. (c)20. (d)
21. (b)22. (c)23. (d)24. (c)25. (d)26. (a)27. (c)28. (b)29. (b)30. (c)
31. (c)32. (c)33. (b)34. (b)35. (c)36. (a)37. (d)38. (a)39. (b)40. (d)
41. (a)42. (c)43. (d)44. (d)45. (b)46. (b)47. (c)48. (a)49. (c)50. (d)

Thanks for attempt CUET (UG) Commerce Group Subject Entrepreneurship Sample Paper.

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