Agricultural Engineering blog sharing notes, books, theses, old questions, solutions, photos, videos, and study materials for students, teachers, and researchers
Q1. What is one of the major challenges faced by Indian agriculture that can be addressed through entrepreneurial innovation?
Increased mechanization
Urbanization
Post-harvest losses (Your answer)
High labor costs
Q2. Which of the following is an emerging entrepreneurial opportunity in Indian agriculture?
Real estate development
Mining
Agri-tech solutions (Your answer)
Textile manufacturing
Q3. How can the entrepreneurial environment in India be made more favourable for agricultural startups?
By eliminating agricultural subsidies
By reducing digital literacy
By increasing urban migration
By improving access to credit and infrastructure (Your answer)
Q4. ICT is comprised of which elements?
a. Information communication technology b. Communication technology c. Computer Technology d. Distance technology
All of these
Both a & b
Both a & d
a, b & c(Your answer)
Q5. Which of the following is a key quality of a successful entrepreneur in the agricultural sector?
Risk-taking and adaptability(Your answer)
Resistance to change
Lack of market knowledge
Short-term focus on profits
Q6. Statement A: The risk management works as a warning system that enables farmers to take prompt action in anticipation of an impending event
Statement B: M-Krishi is an example of a risk management system
Statement B is correct but Statement A is incorrect
Both Statements A & B are correct (Your answer)
Both Statements A & B are incorrect
Statement A is correct but Statement B is incorrect
Q7. Statement A: Virtual trading platforms are electronic marketplaces where buyers and sellers connect through an electronic network
Statement B: Agmarknet is an example of a Virtual trading platform
Statement B is correct but Statement A is incorrect
Both Statements A & B are correct
Both Statements A & B are incorrect
Statement A is correct but Statement B is incorrect (Your answer)
Q8. Assertion (A): It is observed that the trust between customers and insurance companies is generally low.
Reason 1 (R1): The claim processing times are often quite long. Reason 2 (R2): Insurance companies often fail to notify farmers using ICT tools like SMS
A is false but R1 & R2 are correct statements.
A is true and both R1 & R2 are correct reasons for it(Your answer)
A is true and only R1 is the correct reason for it
A is true and only R2 is the correct reason for it
Q9. Social entrepreneurs in Indian agriculture typically focus on:
Reducing competition in the market
Profit maximization only
Short-term business gains
Solving social and environmental challenges(Your answer)
Q10. The National Commission for Enterprises for Unorganised Sector (NCEUS) is situated at:
New Delhi (Your answer)
Noida
Guwahati
Hyderabad
Q11. Statement A: Every business is born out of an idea Statement B: Business ideas only come from knowledge
Statement B is correct but Statement A is incorrect
Both Statements A & B are correct
Both Statements A & B are incorrect
Statement A is correct but Statement B is incorrect(Your answer)
Q12. What are the functions of National Small Industries Corporation Limited?
Expanded activities in marketing, technology, financing and information Support to small enterprises in the country
Facilitating credit flow to micro and small enterprises through support measures like the Credit Guarantee Fund Scheme
Human resource development through training and skill upgradation
Promoting, aiding, and fostering the growth of small-scale industries and industry-related small-scale services on a commercial footing
All of these
Only a
a & d (Your answer)
a, b & d
Q13. Which institute aims at undertaking training, research and consultancy activities in the small industry sector focusing on entrepreneurship development as an autonomous national institute?
National Commission for Enterprises in the Unorganised Sector
The National Institute for Entrepreneurship and Small Business Development
National Institute of Small Industry Extension Training
Indian Institute of Entrepreneurship (Your answer)
Q14. Which state is having the maximum number of estimated MSMEs (in lakhs)?
Gujarat
Uttar Pradesh(Your answer)
West Bengal
Bihar
Q15. Assertion (A): Social entrepreneurship is on the rise in India and also is the need of the time
Reason 1 (R1): NGOs and Corporate Social Responsibility-based approaches failed to solve and not enough the ever-increasing societal problems in India
Reason 2 (R2): Providing amenities for free often creates a syndrome of dependency
A is false but R1 & R2 are correct statements
A is true and both R1 & R2 are correct reasons for it
A is true and only R1 is the correct reason for it(Your answer)
A is true and only R2 is the correct reason for it
Quiz 2
What is the contribution of the service sector to the global economy?
48.1%
67.1%
63.4%
59.1% Answer: 63.4%
Leaders are...
Realistic
Innovative
Utopian
Pragmatic Answer: Utopian
A farmer does not become an entrepreneur only by adopting a new agricultural technology but he becomes an entrepreneur only when he comes to be an operator of a...
Business
Farm business
Shop
Enterprise Answer: Farm business
Leave the ventures as soon as the venture is created.
Innovative entrepreneurs
Mobile entrepreneurs
Empire builders
Managerial entrepreneurs Answer: Mobile entrepreneurs
Entrepreneurs run after their dreams, earning monetary benefits is secondary at that point of time of chasing the dreams.
True
False Answer: False
The cooperative approach is the best approach for various problems faced by Indian agrarian communities.
True
False Answer: True
To qualify under small enterprise under the service sector my investment should be...
10 million - 20 million
1 million - 20 million
10 million - <20 million
<1 million - >20 million Answer: >1 million - <20 million
Major Activities of _____ includes promoting, aiding, and fostering the growth of small-scale industries and industry-related small-scale services/business enterprises in the country, on a commercial footing.
SIDO
NSIC
NIESBUD
NECUS Answer: NSIC
Creating an atmosphere for innovation and entrepreneurship, for active interaction between academic institutions and industries for sharing ideas, knowledge, experience and facilities for the development of new technologies and their rapid transfer to the end user.
IEDC
STED
SIDO
STEP Answer: STEP
______ is typically a wealthy individual, often with a tech industry background, in a position to judge high-risk investments.
Corporate social responsibility (CSR) was identified as Corporate/business ethics during...
1970-80
1980-90
Beyond 2000
1950-60 Answer: 1980-90
The owner of the land becomes farm labor in case of...
Procurement contract
Partial contract farming
Contract farming
Total contract Answer: Total contract
Typical sources of funding for Public-private partnership include...
Toll + Fees + Loans
Toll + Bonds
Toll + Fee + Grant + Loan + Bond
Fees + Grants + Loans Answer: Toll + Fee + Grant + Loan + Bond
A tool that can help governments meet demands for the development of modern and efficient facilities, infrastructure, and services while providing value for taxpayers.
Contract farming
Venture capital
Public Private Partnership
Corporate social responsibility Answer: Public Private Partnership
______ is a division of a large company/industry dedicated to investment on innovative ideas of employees.
Non-verbal Process Answer: Both verbal and non-verbal process
The category of public speaking that is fairly self-explanatory and speeches are meant to inform
Persuasive
Ceremonial
Impromptu
Informative Answer: Informative
Perceiving opportunity, identifying opportunity, and evaluating opportunity are parts of the first stage of _____?
Entrepreneurial Process Answer: Entrepreneurial Process
Venture capital is a tool that can help governments meet demands for the development of modern and efficient facilities, infrastructure, and services while providing value for taxpayers
True
False Answer: False
Assignments
Please submit any ONE of the two assignments. (For detailed instructions kindly refer to the lecture 1 and 2 of Week 2 i.e., Business Idea)
Talk with the owner of five successful businesses from your area which are at least 3 years old. Collect information about the need assessment they have done, the reason to start a business, their perception about the success of their business etc. Finally come out with your own business idea based on these information
Read the cases shared in Lecture 3 of Week 2 and share your experience about the four cases as instructed in the lecture video.
