CSC TEC Exam Question Answer Key 2021 – 100% Pass Guarantee
TEC Assessments & Final Exam Question Answer Key
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Q.
Building a business takes time than it takes to generate the idea for the
business of
Ans.
Longer
Q.
Entrepreneurs should not be greedy to grow big, as this needs patience as well.
Ans.
False
Q.
Entrepreneurs need to have to be successful.
Ans.
Patience
Q.
………………………is the specific tool of entrepreneurship?
Ans.
Innovation
Q.
Which of these is an example of entrepreneurship?
Ans.
Starting up a new type of restaurant in a city.
Q.
Why is it important to have prior knowledge or relatable expertise to become a
successful entrepreneur?
Ans.
Both A and B
Q.
A successful tailor wanted to try something new. So, he opened a street food
restaurant in his area. But his restaurant did not run properly and eventually
he had to close it down. Why? Please select the best option.
Ans.
He did not have prior knowledge of how to run a restaurant.
इसे भी पढ़ें :
Q.
An entrepreneur is one who involved in a FEW of these activities – managing,
organizing, innovating, assuming risks,etc.
Ans.
True
Q.
An entrepreneur does the following activities – managing, organizing and makes
all the decisions by himself.
Ans.
True
Q.
An entrepreneur is a person who takes less risk, avoids experimentation.
Ans.
False
Q.
Entrepreneurship involves organizing managing and assuming the risks pertaining
to your enterprise etc. And an entrepreneur is one who is involved in ALL of
these.
Ans.
True
Q.
Entrepreneurs need membership in physical communities where ideas can be shared
and shaped.
Ans.
True
Q.
How to inspire and create entrepreneurial leaders within the organizations?
Ans. Both Are Correct
Q.
Organizations are not entrepreneurial but people are entrepreneurial.
Ans.
True
Q.
Entrepreneuring framed as intentional iteration creates
Ans.
Both are correct.
Q.
An idea is defined as the content of cognition.
Ans.
True
Q.
Is every idea a possible opportunity?
Ans.
True
Q.
How to identify whether an idea is a opportunity or not?
Ans.
Both are correct.
Q.
Why do we need to evaluate an idea?
Ans.
To know whether customers will buy the end product of an idea
Q.
Successful entrepreneurship requires the ability to balance technical knowledge
and market knowledge
Ans.
True
देखिये वीडियो :
Q.
An electrician observed that grocery stores in his area are running
successfully and wanted to open one too. He opened one but was not able to make
any profits Why?
Ans.
Both are correct
Q.
Cash flows simply put is the difference between the cash that flows in and cash
that flows out
Ans.
True
Q.
………….. is the value of raw materials held, work-in-process and finished by the
good held by the business.
Ans.
Debentures
Q.
The market should be large and growing while evaluating whether an idea is an
opportunity or not.
Ans.
True
Q.
The venture/business should be of high strategic value to a potential acquirer.
Ans. True
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Q.
………………….. is the monetary value of resources, like material, labor and
overheads, used in the making of a product or delivery of a service.
Ans.
Cost
Q.
Direct vs indirect costs are based their association with different cost
objects.
Ans.
True
Q.
Costs that do not vary in the short term, regardless of changes in output
levels, are called costs.
Ans.
Direct Cost
Q.
Retail companies like Reliance Fresh, D-Mart, Big Bazaar have of conversion.
Ans.
Low To High
Q.
the key determinants of the cost of goods sold (COGS), which appears on the
P&L
Ans.
Product Cost
Q.
is the cost of any material directly used in the production of the output.
Ans.
Product Cost
Q.
cost includes salaries, bonuses, insurance, pension benefits, earned leave paid
to the individuals involved.
Ans.
Surplus
Q.
Cost allocation is a method through which a business allocates or distributes
an indirect cost across various cost objects.
Ans.
True
Q.
Costs that vary with the output levels are called variable costs.
Ans.
Direct Material Cost
Q.
…………….costs are those that have been completely consumed or the benefits from
which have been received by the business.
Ans.
Unexpired Costs
Q.
What are the characteristics or traits of a successful entrepreneur? Select the
best option.
Ans.
All of the above.
Q.
What is not a characteristics/trait of a successful entrepreneur?
Ans.
Quits halfway when the situation becomes difficult
Q. Choose the correct objectives of Finance
and Accounting from the following options below.
Ans. Both a & b
Q. By the term, Accounting was practised in
India twenty three centuries ago as is clear from the book named “Arthashastra”
written by ?
Ans. Chandragupta
Q. The main purpose of accounting is to
ascertain profit or loss during a specified period, to show financial condition
of the businesson a particular date.
Ans. TRUE
Q. Bookkeeping is associated with which part
of the accounting.
Ans. Recording of Transactions
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Q. An accountant is required to take part in
matters of management, control and planning of economic resources.
Ans. TRUE
Q. Choose the correct Nature of Accounting
from the below options:
Ans. Both a & b
Q. _____________ is an ideal in which
political processes translate the will of the people into public policies and
establish the rules that efficiently and effectively deliver services to all
members of society.
Ans. Good governance
Q. Choose the main barriers of communication
from the below list.
Ans. Anger
Q. Choose the Cyber Wellness Value from the
following:
Ans. Disrespect
Q. Choose the correct option from the
following threats under Cyber Wellness.
Ans. Copyright Infringement and Plagiarism
Q. Choose the correct step for smartphone
safety from the following.
Ans. Security Software
Q. Public Wi-Fi hotspots can give hackers
easy access to your phone.
Ans. TRUE
Q. ICT stands for?
Ans. Information and Communication
Technologies
Q. In 1977 Government of India (GoI) has
taken first major step towards implementation of e-governance by establishment
of National Informatics Centre (NIC)
Ans. False
Q. In which year Government of India (GoI)
launched the national satellite-based network NICNET?
Ans. 1986
Q. Entrepreneur is an individual who, rather
than working as an employee, runs a small business and assumes all the risks &
rewards of a given business venture, Idea, or Good or Service.
Ans. TRUE
Q. Select the types of Entrepreneurs from the
following.
Ans. Both a & c
Q. Small firms are more likely than large
companies disappear from the market because of the following reasons?
Ans. Lack of leadership skills
Q. Following are the major mistakes
Entrepreneurs do during the operation.
Ans. Both a & b
Q. Many entrepreneurs, from ignorance or from
too much confidence in their forces reach a setback due to improper management
business growth and development?
Ans. TRUE
Q. Entrepreneurship has been described as the
“capacity and willingness to develop, organize and manage a business venture
along with any of its risks in order to make a profit.
Ans. TRUE
Q. The e-District proect was conceptualized
to improve this experience and enhance the efficiencies of the various
Departments at the district- level to enable seamless service delivery to the
citizen.
Ans. TRUE
Q. Applications for new PAN Card process
through CSCs in collaboration with UTI Infrastructure Technology and Services
Limited (UTIITSL) and National Securities Depository Limited (NSDL).
Ans. TRUE
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Q. Pradhan Mantri Awas Yoj ana (PMAY) is an
ambitious housing scheme of the Government for creating affordable housing
units for the following category.
Ans. Both Urban & Rural poor
Q. Food Safety and Standards Authority of
India (FSSAI) partnered with CSC SPV to provide Food Business Operator (FBO)
registration service through CSCs.
Ans. TRUE
Q. Common Services Centres (CSCs) are the
access points for delivery of various electronic services to the rural citizens
of India.
Ans. TRUE
Q. Digital India is a flagship programme of
____________ with a vision to transform India into a digitally empowered
society and knowledge economy.
Ans. Government of India
Q. Select the vision enables by the Common
Service Centre (CSC) under the Digital India Programme.
Ans. Digital empowerment of citizens
Q. Common Services Centres (CSCs) are
envisaged as assisted front end enabled centres for delivery of various GQC
(Government to Citizen) and other BQC (Business to Citizen) services to the
citizens.
Ans. IDT (Information and Digital Technology)
Q. A good VLE is someone who has
entrepreneurial traits, strong social commitment as well as respect within the
community.
Ans. TRUE
Q. Select the role of VLE society from the
following options given below:
Ans. D) Both A and C
Q. Jeevan Pramaan is Aadhaar based Digital
Life Certificate for Pensioners of Central Government, State Government or any
other Government organization.
Ans. TRUE
Q. What are the age criteria for an
individual to join National Pension Scheme (NPS)
Ans. 18-65 years
Q. Which scheme promotes the efficient use of
energy at the residential level through LED lights?
Ans. CSC LED Scheme
Q. CSC Wi-Fi Choupal was introduced to enable
last-mile delivery of internet connectivity through Wi-Fi/Wireless to the urban
& rural location of India.
Ans. TRUE
Q. Select the connect feature of Digital Seva
Portal from the following:
Ans. Both a & c
Q. Digital Seva Connect is an identity
solution to sign in to the following portal.
Ans. Service Access Provider (SAP)
Q. ________ is a term life insurance policy
that can be renewed either on a yearly basis or for a longer period of time. It
will provide life insurance coverage on the death of the policyholder.
Ans. Pradhan Mantri Jeevan Jyoti Bima Yojana
(PMJJBY)
Q. insurance premium is a specified amount
stipulated by the insurance company, which the insured individual should
periodically pay to maintain the actual coverage of insurance.
Ans. TRUE
Q. Pradhan Mantri Gramin Digital Saksharta
Abhiyaan (PMGDISHA) is a scheme to make digitally literate total no. _______
persons in rural areas, across States/UTs, by covering one member from every
eligible household.
Ans. 6 Crore
Q. A Biometric device is a security
identification and authentication devices which verifies or recognize the
identity of a living person by the following characteristic:
Ans. Fingerprints
Q. The Aadhaar Enabled Payment System (AEPS)
gives the following banking facility to the citizens.
Ans. Cash Deposit
Q. Cyber Gram Yojana is a Multi-sectoral
Development Programme (MsDP) aims at improving the socio-economic conditions of
rural citizens of all category and providing basic amenities to them for
improving the quality of life.
Ans. TRUE
Q. Where the first community technical
telecentre was opened?
Ans. Portland, USA in 1982
Q. Telecentre offers a wide range of
communication services and tend to be publicly owned and geared towards more
isolated people like?
Ans. People having formal education
Q. What are the main objectives of
Telecentre?
Ans. Overcome barriers to economic and
educational developments that rely on telecommunication services.
Q. In Europe, telecentres are known as?
Ans. Community Technology Centers (CTCs)
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Language
Q. The deployment of telecentres all across
the world is referred to as the
Ans. Telecentre movement
Q. International agencies define governance
as the exercise of authority or power in order to manage a country’s economic,
political and administrative affairs.
Ans. False
Q. CSC SPV has collaborated with ____________
to provide opportunities in field of advanced skills using Solid Edge CAD tool.
Ans. DELL
Q. What are the correct aspects of Cyber
Wellness?
Ans. Cybercrime
Q. Cyber Ethics refers to appropriate,
responsible and ethical online behaviour that governs all our interaction with
other Internet users and emphasizes on the exercise of cyber values.
Ans. TRUE
Q. Effective Communication is significant for
managers in the organizations so as to perform the basic functions of
management
Ans. TRUE
Q. What is main direction of communication
flow in an organization? Choose the correct option.
Ans. Straight Communication
Q. Communication that takes place between
managers of other workgroups is called diagonal communication.
Ans. TRUE
Q. Various non verbal components of
communication are.
Ans. Both a & b
Q. Kinesics is known as study of body
language.
Ans. TRUE
Q. Select the reason of the Copyright
Infringement and Laws from the below options.
Ans. Both a & b
Q. Copyright does not exist forever. It
applied only for a specific duration. After the expiry of the specified time,
the work falls in the public domain and is then open to the public for use
without the permission of the owner.
Ans. TRUE
Q. In social media safety it is important to
disabled the following option to avoid revealing your location to others.
Ans. Both A & B
Q. Finance and Accounting is the process of
recording, summarizing and reporting the myriad of transactions like financial
statements, including the balance sheet, income statement and cash flow
statement.
Ans. TRUE
Q. Accounting is rightly referred the
“language of business”.
Ans. TRUE
Q. Select the correct Branch of Accounting
from the below options:
Ans. Both a & b
Q. Goods and services are divided into tax
slabs for collection of tax. Choose the correct option.
Ans. 0%, 5%, 12%, 18% and 28%.
Q. Petroleum products are taxed separately by
the individual state governments.
Ans. TRUE
Q. The Goods and Service tax (GST) came into
effect from __________ in India.
Ans. July 1, 2017
Q. The tax rates, rules and regulations are
governed by the Goods and Services Tax Council which comprises finance
ministers of centre and all the states.
Ans. TRUE
Q. CSC SPV has built portal for filing
application on Goods and Service Tax (GST). Choose the correct option.
Ans. Digital Seva Portal
Q. VLEs can deregister for GST number if the
turnover is less than Q lakhs as the notification from Government of India that
they are not required to register under GST.
Ans. TRUE
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Q. Choose the correct components of GST
Ans. CGST, SGST & IGST
Q. PAN no. is mandatory to apply for GST
registration.
Ans. TRUE
Q. What are the Penalty charges for not
paying tax or making short payments (genuine errors)
Ans. 10% of the tax amount due subject to a
minimum of Rs. 10, 000
Q. In the pre-GST regime, states mainly
collected taxes in the form of Value Added Tax (VAT). Every state had a
different set of rules and regulations.
Ans. TRUE
Q. In soft skills ‘IQ’ stands for?
Ans. Intelligence Quotient
Q. Employer looks for what skills when they
make hiring decision.
Ans. Both A and B
Q. An employee with a high level of emotional
intelligence has good communication skills and interpersonal skills.
Ans. TRUE
Q. Select examples of Soft Skills.
Ans. Both A & C
Q. The ability to be diplomatic and
respectful even when there are disagreements is also a key soft skill.
Ans. TRUE
Q. Following are the attributes of soft
skills:
Ans. Both a & c
Q. Choose the correct Factors that
influencing Entrepreneurship from the below options:
Ans. Both a & c
Q. Soft skill examples include communication
skills, such as voice inflexion and gestures.
Ans. TRUE
Q. improves when workers collaborate by
sharing knowledge and tools to get jobs done.
Ans. Punctuality and output
Q. Business Communication is a mutual
exchange of understanding, originating with the receiver. Communication needs
to be effective in business
Ans. TRUE
FALSE
Q. Choose the correct basic function of
Management in Business Communication.
Ans. Planning
Q. Effective business communication helps in
building goodwill of an organization.
Ans. TRUE
Q. Choose the correct option for the types of
Business Communication from the below list
Ans. Both A and B
Q. Choose the correct objective of e-district
from the below options.
Ans. D) Both A & C
Q. Bharat BillPay is a Reserve Bank of India
(RBI) conceptualised system driven by National Payments Corporation of India
(NPCI).
Ans. TRUE
Q. Bharat BillPay is a one-stop bill payment
platform for the bills like?
Ans. Both a & b
Q. __________implements operational,
technical and business standards for the entire system and its participants.
Ans. Bharat Bill Payment Operating Units
(BBPOU)
Q. FASTag is an Electronic Toll Collection
system in India operated by NHAI.
Ans. TRUE
Q. FASTag is currently operational at more
than toll plazas across national and state highways.
Ans. 425
Q.
Entrepreneurs are always looking for new ways of doing things and how they can
make them better. Which trait is being discussed here?
Ans.
Creativity
Q.
Entrepreneurs effectively sell their product or service to clients and
customers. Which trait is being discussed here?
Ans.
Communication Skills
Q.
Entrepreneurs don’t let uncertainty and potential failure stop them from doing
what needs to be done. Which trait is being discussed here?
Ans.
Risk-Taker.
Q.
is the ability to evaluate, assimilate and exploit knowledge.
Ans.
Assimilative Capacity
Q.
Absorptive Capacity comes from prior, related knowledge to be able to make
sense of, recognize the value of, and use new information.
Ans.
True
Q.
…………….is a record of all of a business’ existing assets, liabilities and
equity.
Ans.
Balance Sheet
Q.
What are three financial sheets that used to record and report a business?
Ans.
Statement of Cash Flow, Balance Sheet, Profit, and Loss Statement
Q.
Balance Sheet is a record of all of a business’ revenues and costs over a
certain period of time, typically, every quarter or every year.
Ans.
False
Q.
Equity and liabilities come first in a balance sheet, followed by assets.
Ans.
True
Q.
Select the correct equation
Ans.
Total Assets = Total Liabilities + Equity
Q.
A business cannot survive for long without
Ans.
Cash
Q.
Geeta has a grocery shop; the customers have already paid Rs 5,000 to her.
Geeta decided to pay her supplier Rs.2000 at the end of the week. According to
Accrual Basis calculate her Profit?
Ans. 0
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Q.
A successful entrepreneur can become rich very fast.
Ans.
True
Q.
All people who start up a business based on a new idea are always successful.
Ans.
False
Q.
92 % of the startups are successful within the first 3 years of starting?
Ans.
False
Q.
Starting up a new venture with a new idea is called entrepreneurship.
Ans.
True
Q.
Entrepreneurship is an opportunity to create wealth
Ans.
True
Q.
Accountants worldwide use the triple-entry system to record transactions.
Ans.
True
Q.
Transactions are entered into the general journal in chronological order.
Ans.
True
Q.
…………….is a record of all of a business’ existing assets, liabilities and
equity.
Ans.
Balance Sheet
Q.
What is the primary objective of a business?
Ans.
Make money for investors by providing goods or services
Q.
What are the key inputs of business?
Ans.
All of the above
Question3:
What is the output of the business?
Ans.
Both of the above
Q.
What are the different forms of business?
Ans.
Sole proprietorship, Partnership, Corporations
Q.
What is a Sole proprietorship?
Ans.
A single owner who is also usually responsible for the day-to-day running of
the business
Q.
………. has multiple owners or partners, some of whom are also usually responsible
for the day-to-day running of the business.
Ans.
Partnership
Q.
What is a corporation?
Ans.
Multiple owners or partners, some of whom are also usually responsible for the
day-to-day running of the business
Q.
Identify a non-example of accounting? How much value in rupees of goods or
services has the business sold
Ans.
List and details of favorite customers
Q.
What is the advantage of adopting a value perspective?
Ans.
All of the above.
Q.
According to the Value Framework for Entrepreneurs, select the best statement
below.
Ans.
Value Creation → Value Delivery → Value Capture.
Q.
Upfront capital and R& D requirement costs should be high while evaluating
whether an idea is an opportunity or not.
Ans.
False
Q.
Non-current assets include………………… which typically last for more than one year.
Ans.
plant, property and equipment
Q.
What are the common types of current assets?
Ans.
Cash, Inventories, Receivables, Short-term loans and advances
Q.
Why is a customer purchasing from a particular store?
Ans.
Because the customer values the product or service the shop provides.
Q.
…is about planning for the uncertain future and deciding what kind of
investments should the business make.
Ans.
Finance
Q.
Lis a way for a business to raise capital but there is no obligation to repay
entities that provide capital. Instead, entities are given ownership of the
business.
Ans.
Equity
Q.
Balance Sheet divided into 2 parts
Ans.
Assests & Liabilities
Q.
sheet represents the financial position of a business as of a particular date,
typically at the end of a quarter or financial year.
Ans.
Balance sheet
Q.
Inventories is the value of raw materials held, work-inprocess and finished
good held by the business.
Ans.
True
Q.
Both assets and liabilities are classified as current and non-current.
Ans.
True
Q.
………………are those assets that are expected to be sold or converted to cash or
consumed within one year.
Ans.
Current Assets
Q.
Any income or profit not paid out to shareholders is Called………………………………
Ans.
Retained earnings
Q.
is also called income statement.
Ans.
Profit and Loss Statement.
Q.
A trusted adviser promotes a product aggressively to the customer
Ans.
True
Q.
How to become a trusted adviser?
Ans.
Both are correct.
Q.
Service promise is the assurance given to the customer about in time delivery
of assured………………… and…………….of product.
Ans.
Quantity and Quality
Q.
Delivering what customer wants is one of the constituents of a service promise.
Ans.
True
Q.
Why should we identify customer needs?
Ans.
Both are correct.
Q.
The innovation of products based on customer needs is value for the business.
Ans.
True
Q.
Active Listening is one of the client reactions to a typical sales pitch
Ans.
True
Q.
Select the correct structures of a good sales pitch?
Ans.
Hook and Objective.
Q.
Hearing is the same as listening.
Ans.
False
Q.
Listening for enjoyment is called as
Ans.
Appreciative Listening
Q.
Why is a customer purchasing from a particular store?
Ans.
Because the customer values the product or service the shop provides
Q.
Value is what the shop/store provides to the customer. (like services of a shop
or features of a product)
Ans.
True
Q.
Select the correct statement.
Ans.
Value is customer defined.
Q.
Select the correct statement.
Ans.
Value depends on the features or services consumed by the customer.
Q.
Where does the value reside?
Ans.
In the customer’s mind.
Q.
Value can be defined in terms of…………………..perspective as well as based
on…………………..
Ans.
Customer, price
Q.
………………………..everyone competes on price as no one is exploring how they are able
to differently adding value to customer..
Ans.
Commoditization
Q.
Which of these is example of entrepreneurship?
Ans.
Starting up a business based on an old idea, existing business module, and less
risk.
18 टिप्पणियाँ
GOOD LEARNING
जवाब देंहटाएंgood luck
हटाएंhttps://tecexamquiz.blogspot.com/
जवाब देंहटाएंpdf hai to bhejo and link bhejo bhai
जवाब देंहटाएंrally nice post
जवाब देंहटाएंIbanking Service
business idea
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जवाब देंहटाएंSalute sir
जवाब देंहटाएंthanks
हटाएंThanks..
जवाब देंहटाएंGood work but there are some wrong answers in answer key
जवाब देंहटाएंAbhi bhi final exam me yahi ayega kya
जवाब देंहटाएंsabhi ki guarantee nahi hai but inme se kai questions aa sakte hain
हटाएंसर टेक एग्जाम क्या होता है
जवाब देंहटाएंCSC ID लेने के लिए ये एग्जाम देना पड़ता है
हटाएंइस टिप्पणी को लेखक द्वारा हटा दिया गया है.
जवाब देंहटाएंNice Information More Information Visit KKz Productions Surface
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फिर आपकी साइट मिली मुझे, तब मैंने आसानी से आपकी वेबसाइट से CSC TEC Exam PDF फ़ाइल डाउनलोड कर ली।
थैंक्स।
Some wrong answer given by you please check this
जवाब देंहटाएं