Entrepreneurship Management
241. Entrepreneurship ManagementWhich of the examples seem to be associated with Insight and Entrepreneurship.
- Clocks
- Footwear
- Furniture
- All the business and products are a resultant of Insight and Entrepreneurship
Correct answer: (D)
All the business and products are a resultant of Insight and Entrepreneurship
242. Monetizing an idea to make money with some method of operations is known to be
- Strategy
- Scope
- Business model
- Business system
Correct answer: (A)
Strategy
243. According to MSME Act in India, what is the limit of investment in plant and machinery for a small enterprises involved in services?
- There is no separate classification for service and manufacturing organizations.
- It is less than Rs 1 crore.
- It is less than Rs 2 crore.
- It is more than Rs 10 lakh but less than Rs 2 crore.
Correct answer: (D)
It is more than Rs 10 lakh but less than Rs 2 crore.
244. "Not-invented-here (NIH) syndrome," "I already known it (IAKI)," "Prove it to me (PITM)," and "How on Earth could my firm possibly do that" are.
- Legitimate reasons to maintain a conservative innovation policy
- Innovation's worst enemies
- Signs of weak management
- None of the above
Correct answer: (B)
Innovation's worst enemies
245. Which of the following describes the totality of the means people employ to accomplish desired tasks?
- Innovation
- Competitive advantage
- Technology
- Facilities
Correct answer: (C)
Technology
246. Which of the ministry of Government of India deals with matters related to intellectual property?
- Niti Aayog
- Ministry of Human Resource Development
- Ministry of Commerce and Industry
- Ministry of Finance
Correct answer: (C)
Ministry of Commerce and Industry
247. Which of the following is correct?
- Knowledge available in patent is available in public domain.
- Knowledge available in patent is kept confidential so that it can not be used by others.
- Patenting of invention is a big hindrance of use of technology for social welfare.
- All of the above
Correct answer: (A)
Knowledge available in patent is available in public domain.
248. What do you mean by WIPO?
- World Intellectual Property Right Organization
- World Internet Protection Organization
- World Intellectual Protection Organization
- World Indicator of Patents Organization
Correct answer: (A)
World Intellectual Property Right Organization
249. Which of the following is correct?
- A Patent is an exclusive right granted for an invention.
- Getting patent is a guarantee for a regular income for your invention.
- Both (a) and (b)
- None of the above
Correct answer: (A)
A Patent is an exclusive right granted for an invention.
250. What do you mean by PCT?
- Patent Cooperation Treaty
- Protection of Copyright Treaty
- Patent and Copyright Treaty
- None of the above
Correct answer: (A)
Patent Cooperation Treaty