Tag: economics

Questions Related to economics

ASME, according to the _____ is an independently owned and operated, organized for profit, and not dominant it its field. 

economics how does production take place? entrepreneur land,labour, capital and entrepreneur production mechanism

  1. National Skill Development Corporation

  2. US Small Business Administration (SBA)

  3. NITI Aayog

  4. Expert Committee on Innovation & Entrepreneurship

Show answer
Correct Option: B
Explanation:

US Small Business Administration is a United States' government agency that provides supports to entrepreneurs and small businesses.

Vinoba Bhave was founder and leader of the ______________________.

economics how does production take place? entrepreneur land,labour, capital and entrepreneur production mechanism

  1. Land scam in India

  2. Constitution of India

  3. Land gift movement

  4. Planned Parenthood Federation

Show answer
Correct Option: C
Explanation:

Vinoba Bhave(India): Founder and leader of the Land Gift Movement,he causd the redistribution of more than 7,000,000 acres of land to aid India's untouchables and landless.

Social entrepreneurs act as the _____________________________.

economics how does production take place? entrepreneur land,labour, capital and entrepreneur production mechanism

  1. change agent for poor people

  2. change agent for government

  3. change agent for society

  4. change agent for nation

Show answer
Correct Option: C
Explanation:

Social entrepreneurs act as the change agents for society,seizing opportunities others miss and improving systems and creating solutions to change the society for better.

Social entrepreneurs play the role of change agents in the social sector by _____________________. 

economics how does production take place? entrepreneur land,labour, capital and entrepreneur production mechanism

  1. adopting a mission to create and sustain social value recognizing and relentlessly pursuing new opportunities to serve that mission

  2. engaging in a process of continuous innovations, adaptations and learning.

  3. acting boldly without being limited by resources currently in hand

  4. All of the above

Show answer
Correct Option: D
Explanation:

Social entrepreneurs are individuals who act as an agent to change the society for better. They can tackle social issues with innovative and creative methods. They also offer wide range of ideas and act boldly .

Which of the following challenges social entrepreneurs are facing ? 

economics how does production take place? entrepreneur land,labour, capital and entrepreneur production mechanism

  1. Limited access to early stage capital

  2. Development of new product

  3. Maintaining profits

  4. All of the above

Show answer
Correct Option: A
Explanation:

Limited access to early stage capital is one of the major challenges faced by social entrepreneurs as they do not follow conventional way of doing business.

Which of the following is way of funding social entrepreneurs ? 
I. Loan Guarantees
II. Quasi-equity debt
III. Pooling 
Select the correct answer from the options given below - 

economics how does production take place? entrepreneur land,labour, capital and entrepreneur production mechanism

  1. $I$

  2. $II$

  3. $III$

  4. $All$

Show answer
Correct Option: D
Explanation:
1)loan guarantee is a promise by one party to assume the debt obligation of a borrower if that borrower defaults.
2)a category of debt taken on by a company that has some traits of equity is known as quasi equity debt.
3)in resource management ,pooling is the grouping together of resources for the purpose of maximizing advantage and minimizing risk to the users

John Muir - 
1. was Naturalist & conservationist 
2. established National Park System 
3. helped to found Sierra Club
Select the correct answer from the options given below - 

economics how does production take place? entrepreneur land,labour, capital and entrepreneur production mechanism

  1. $2$ only

  2. $1$ and $2$ only

  3. $3$ only

  4. $1$ , $2$ & $3$

Show answer
Correct Option: D
Explanation:

John Muir is a Scottish-American naturalist. He is also known as "Father of Natural Parks". He is the founder of Seirra Club.

The key to managing return on funding in social enterprises is to offer ________.

economics how does production take place? entrepreneur land,labour, capital and entrepreneur production mechanism

  1. consistent risk and return to all investors.

  2. different risks and returns to different kind of investor.

  3. return on the basis of type of social enterprise

  4. All of the above

Show answer
Correct Option: B
Explanation:

To ensure a smooth return on funding accumulated by social entrepreneurs, different kind of investors should be offered with different risk which they will have to bear if they invest their money.

In a social enterprise model measurable impact is created by the generation of _______________.

economics how does production take place? entrepreneur land,labour, capital and entrepreneur production mechanism

  1. funding value

  2. service value

  3. economic value

  4. social value

Show answer
Correct Option: D
Explanation:

Social enterprise model gives the most preference to the social value. Social entrepreneurs upholds the social and ethical value like,providing affordable health care,basi foodstuffs etc.

Dr. Maria Montessori ______________________.

economics how does production take place? entrepreneur land,labour, capital and entrepreneur production mechanism

  1. fought for fundamental rights of children.

  2. established school for nurses and fought for improvement of hospital conditions .

  3. established National Park System.

  4. developed approach to early childhood education.

Show answer
Correct Option: D
Explanation:

Dr. Maria Montessori (Italy) :She is an Italian physician and educator best known for the philosophy of  Montessori approach  childhood education.She also gained fame for her writing on scientific pedagogy.