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Industry Ethics and Legal Issues MCQ Questions With Answer

ETHICS ALL POSSIBLE QUESTION - SET 1


Q1. Before 16 Jan, How many states were already working in Startup India policies?
a) 1
b) 3
c) 4
d) 7
Q2. Which of the following is not a part of Funding Innovation?
a) Incubation Center
b) Startup Yatra Funds
c) Research Parks
d) Manak
Q3. For R& D, human resource started a new scheme for students
a) Tinkering labs
b) Manak
c) Avishkar yojana
d) Uchhatar Avishkar yojana
Q4. Startup India Scheme?
1. Age should not be more than 3 years
2. Should develop innovative product.
3. Must be Private Limited Company/ Registered Partnership firm/ Limited Liability Partnership
4. Has patent granted in areas affiliated with the nature of business being promoted
a) 1, 3
6) 1,2 and3
c) 2, 3 and 4
d) All of the above
Q5. The period of business when an entrepreneur must position the venture in a market and make necessary adjustments to assure survival is called the:
a) pre-Startup stage
b) Startup singe
c) any gromh stage
d) later swath stage.
Q6. The government has set aside a corpus fund of managed by equity funding support for development and growth of innovation driven Startups.
a) 10,000 crores
b) 20,000 crores
c) 30,000 crores
d) 40,000 crores
Q7. Is the given statement is true " The profits of recognized Startup’s that are granted an Inter-Certificate are exempted from income-tax for a period of 3 years" ?
a) True
b) False
Q8. Which of the following is successful example of Startup India international partnership?
a) Portugal, Sweden
b) Israel, Nepal
c) Russia, Singapore
d) Portugal, Sweden, Singapore
Q9. Which of the following is not the NIPP partners?
a) UBS
b) PayU
c) Amazon
d) IBM
Q10. How many parameters are used to identify the product based and service-based company?
a) 5
b) 6
c) 7
d) 8
Q11. For Startup India which online link is correct?
a) www.statupindiahub.org.in
b) www.Startupindiahub.org.in
c) www.Startupsindiakub.org,in
d) www.Startupindiahubs.org.in
Q12. What is the full form of SIDBI?
a) Small Industries Development Bank of Indonesia
b) Small Integrated Deterministic Branch of India
c) Small Industries Development Bank of India
d) Secure Industrial Development Bank of India
Q13. Which of state start online platform for self-certify?
a) Telangana
b) J & K
c) Rajasthan
d) Odisha
Q14. To fulfil the Government of India's mission & to promote the
entrepreneurship in the country, Academia Alliance Program has been formed. With whose initiative Academia. Alliance Program has been formed?
a) Niti Ayog
b) Confederation of Indian Industries
c) Startup India
d) Ministry of New & Renewable Energy
Q15. How many new jobs are created by every Startup?
a) 12 jobs per Startup
b) 13 jobs per Startup
c) 14 jobs per Startup
d) 15 jobs per Startup

Q16. Pro's of the NIPP-
a) Branding PR evangelism
b) Warehouse Program
c) Rockstar program
d) Not in above
Q17. what is the benefit of Startup?
a) Rebate on filing of application
b) Fast-tracking of Startup patent applications
c) Panel of facilitators to assist in filing of IP applications
d) All of the above
Q18. Which scheme is started by NITI Aayog for schools across India?
a) Atal Tinkering labs
b) Atal labs
c) Tinkering labs
d) Anil bajwa labs
Q19. Statement: "Product is the king "
Which company satisfy the statement?
a) Product based Companies
b) Software based company
c) Price based companies
d) Service based companies
Q20. Statement 1: Startups can exit their company within 90 or 180 days
Statement 2: Startups can exist their company after completing 4 or more years
which statement is true?
a) Statement I, statement 2 is true
b) Statement I is true, statement 2 is false
c) statement I is false, statement 2 is true
d) Both statement 1, 2 are incorrect
Q21. How many individuals In UP work in Startup Yatra?
a) 6k+
b) 7k+
c) 5k+
d) 7k+
Q22. In Startup turnover is not exceed more then?
a) 25 crores
b) 22 crores
c) 23 crores
d) 24 crores
Q23. The profits of recognised Startups are exempted from income-tax for how
many years?
a) 2 years
b) 3 years
c) 4 years
d) 1 year
Q24. After Television Channel and website, what other initiative has been launched to promote the Cashless Payments?
a) National Helpline
b) Nationwide SMS service
c) Both of the above
d) Neither of the above
Q25. Statement: 6 Labour and 3 Environment laws for a period of 5 years from the date of registration.
This act comes under which law?
a) DIPP
b) Self-certification
c) Source certification
d) Self- clarification
Q26. DIPP is stand for
a) Department of Industrial Policy and Promotion
b) Digital of Industrial Policy and Promotion
c) Department of Initiative Policy and Promotion
d) Department of Industrial Public and Promotion
Q27. Startup India presents to you a list of state government policies who offer benefits to Startups-
a) 15
b) 16
c) 27
d) 17
Q28. Which of the following is Product based Company?
a) Amazon
b) Microsoft
c) Cisco
d) All of above
Q29. Startups are allowed to self-certify their compliance under 6 Labour and 3 Environment laws for a period of how many years from the date of incorporation?
a) 2 years
b) 3 years
c) 5 years
d) 4 years
Q30. Recently the government launched 'Startup India' initiative. Which of the following statement is/are true regarding it?
1. Innovation hub under Atal Innovation Mission will be created
2. Startup will be started in one day.
3. Profits earned by Startups will be exempt from payment of income tax during the first two years of business.
4. Easy exit option will be provided.
a) 2, 3, 4
b) 1, 2, 3
e) 1, 2, 4
d) All of the above
Q31. The plan describes how the product will be distributed and priced
a) Financial
b) Production
c) Marketing
d) Venture
Q32. "software engineers should not use their technical skills to misuse other people's computers." Here the term misuse refers to:
a) unauthorized access to computer material
b) Unauthorized modification of computer material
c) Dissemination of viruses or other malware
d) All of the mentioned
Q33. The plan shows whether the business is economically feasible or not.
a) Financial
b) Business
c) Economic
d) Marketing
Q34. Operations cover many aspects of business, including:
a) Research and development
b) Provide you with a distinct competitive edge
c) Can create a competitive advantage
d) Planning
Q35. Which state does not yet have a Software Technology Park of India?
a) UP
b) Bihar (Established in 2008)
c) Orissa
d) Rajasthan
Q36. The government has set aside a corpus fund of ", managed by SDBI," to provide equity funding support for development and growth of innovation driven enterprises.
a) 10,000 crores
b) 20,000 crores
c) 30,000 crores
d) 40,000 crores
Q37. Term loans are secured with a tenure of years.
a) 1-5 years
b)1-10 years
c)1-20 years
d)1-15 years
Q38. What are ethical theories?
a) Ethical theories are the conduct that should be followed in order to have good ethical practices
b) Ethical theories are the rules and principles that determine right and wrong for any given situation
c) Ethical theories are ancient hypothesis' on how to create good business practice
d) Ethical theories give guidelines on how to achieve a good corporate image
Q39. How many schemes are there under Pradhan Mantri MUDRA Yojana?
a) 4
b) 6
c) 3
d) 2
Q40. Growth Capital and Equity Assistance provides assistance to whom?
a) Large businesses
b) Existing Small and Medium Businesses
c) Only women Entrepreneurs
d) None of the above
Q41. requires proper review and reconsideration of the selected alternative before implementing it.
a) Developing possible alternatives
b) Selecting the best alternative
c) Checking the decision
d) Exploring the developed alternatives
Q42. Software piracy is:
a) Software counterfeiting.
b) The copying of software for use on more than one machine when the license is for single usage.
c) Downloading pirate versions of software over the Internet.
d) All of above
Q43. Business ethics deals primarily with
a) social responsibility
b) The pricing of products and services
c) Moral obligation
d) Being unfair to the competition
Q44. What is the problem definition related to:
a) How often does the problem occur?
b) What is the impact of the problem?
c) Only A
d) Both A and B
Q45. Decisions and policies that use the approach to "decision making attempt to implement social systems, institutions, and environments that everyone depends on and that benefit all people."
a) Utilitarian
b) Common good
c) Fairness
d) Virtue Ethics
Q46. The Company Description must convey many aspects of your business, but not:
a) Company name
b) Products and services
c) Feasibility analysis
d) Location
Q47. Term Loan has an interest rate between?
a) 10% and 20%."
b) 10% and 30%.
c) 10% and 40%.
d) 10% and 15%.
Q48. Which of the following is an internal factor that influences entrepreneurs?
a) Technological Capacity
b) Social environment
c) Political environment
d) Economic condition
Q49. The concept of a Director Identification Number (DIN) has been introduced for the first time with the insertion of Sections of "Companies (Amendment) Act, 2006.
a) 296A to 296G
b) 266A to 266G
c) 276A to 276G
d) 286A to 286G
Q50. Which of the following is usually included in a business plan?
a) Detailed description of the product or service.
b) Surveys.
c) Raw materials
d) Location
Q51. Define Moral Relativism
a) Values determined by the society
b) Values Determined by the family.
c) Values determined by the any organization
d) None of these
Q52. A written statement of policies and principles that guides the behaviour of all employees is called
a) code of ethics
b) word of ethics
c) ethical dilemma
d) None of the above
Q53. What is the full form of NIPP?
a) NASSCOM Industry Partnership Program
b) National Infrastructure Protection Plan
c) NASSCOM industry Potential Plan
d) National Integrated Power Project
Q54. All definitions of Corporate Social Responsibility recognize that:
a) companies have a responsibility for their impact on society and environment.
b) the natural environment should be the main focus of CSR activities.
c) business ethics is a complex issue.
d) companies must pay equal attention to business ethics and sustainability
Q55. What are the benefits of Startup?
a) Rebate on filing of application
b) fast-tracking of Startup patent applications
c) Panel of facilitators to assist in filing of applications
d) All of the above
Q56. A company is said to have been registered
when?
a) Its files Memorandum of association and Articles of Association.
b) It gets incorporation certificate with the Registrar of Companies.
c) It gets certificate for commencement of business.
d) It actually starts its business.
Q57. The profits of recognized Startups are exempted from income-tax for a
period of how many years?
a) 2 years
b) 3 years
c) 4 years
d) 1 year
Q58. A private company means a company which has a minimum paid up capital of Rs.
a) 1,00,000"
b) 5,00,000"
c) 50,00,000"
d) None of the above
Q59. Property of the company belongs to
a) Company
b) Share holders
c) Members
d) Promoters
Q60. Entrepreneurship can best be described as:
a) Process that requires setting up a business
b) Taking a significant risk in a business context
c) Having a strong vision
d) A process involving innovation, new products or services, and value creation
Q61. An entrepreneur doing business worldwide is called:
a) International entrepreneurship
b) Intrapreneurship
c) Domestic entrepreneurship
d) Imports
Q62. Moral values varies from
a) Culture to culture
b) People to people
c)State to state
d) All the above
Q63. Marketing:
a) Makes customers aware of you
b) Solicits the sales and completes the orders
c) Not Delivers your company's message
d) Inventory management
Q64. If someone starts a new business that is a service station, this is an example of an:
a) new concept/new business
b) new concept/existing business
c) existing concept/new business
d) existing concept/existing business
Q65. A complication of "the approach to decision making is that measuring and comparing the values of certain benefits and costs is often difficult, if not impossible.
a) Fairness
b) Virtue ethics
c) Common good
d) Utilitarian
Q66. What are the benefits of NASSCOM?
a) Access to strategic investments and grants
b) Faster access co global markets and JV/OEM/partnership options
c) Direct fast access to senior executives
d) All of the above
Q67. Which statement is/are true?
a) Ethics is not synonymous to religious morality or moral theology
b) Ethics is the principle that guide the human behaviour
c) The terms 'ethics' and 'morality' are not synonymous terms
d) All of the above
Q68. TARUN stage of MUDRA loan scheme provides maximum amount of?
a) RS 20 lakhs
b) RS 50 lakhs
c) RS 10 lakhs
d) RS 40 lakhs
Q69. What is the maximum loan limit under "Kishor" Scheme of PM Mudra Yojana?
a) "2,00,000"
b) "1,00,000"
c) "3,00.000"
d) "5,00,000"
Q70. The parties involved in franchise business are
a) 1
b) 2
c) 3
d) 5
Q71. Which of the following is a purpose of a business plan?
a) To make financial plan
b) To discipline the entrepreneur
c) To think of all aspects of the proposed venture
d) To research the facts
Q72. Ethics must guide technology in the direction of
a) Political justice
b) Cultural justice
c) Social justice
d) None of the Above
Q73 Which trade group represents the world's largest software and hardware manufacturers
a) Business Software Association (BSA)
b) Business Software Alliance (BSA)
c) International Business Software (IBS)
d) International software alliance (ISA)
Q74. What are computer ethics?
a) An honest, moral code that should be followed when on the computer
b) A computer program about honesty
c) A computer that fits on or under a desk
d) A list of commandments in the Bible
Q75. If you Want to use one program on thirty different computers. you should
a) Purchase a site license or buy enough copies for every computer
b) Buy two copies, in case one becomes damaged, and load it on all the computers"
c) Buy one copy and put it on all the computers
d) Borrow it from another school, copy it, and send It back promptly
Q76. From below which one is the not a type of an approach to deal with ethical issue
a) Fairness approach
b) Common goal approach
c) Virtue ethics approach
d) Utilitarian approach
Q77. Full form of the CSR?
a) Corporate social responsibility
b) Corporate sequence responsibility
c) Collection of responsibility
d) None of these
Q78. What are the types of intellectual properties?
a) Patent
b) Trademark
c) All of the above
d) None of these
Q79. Which of the following is a profession where advance training and experience is not required?
a) Doctors
b) Accountants
c) Film stars
d) Lawyers
Q80. A philanthropist is someone who
a) Buys products which have a positive impact on society
b) Boycotts products which have a negative impact on society
c) Both (a) and (b)
d) recognizes the social impact of business on society
Q81. Computer crime includes: a) Creating viruses.
b) Stealing a credit card number.
c) Unauthorized use of a mainframe computer.
d) All of the above.
Q81. What is the first stage in decision making?
a) Observe
b) Act
c) Orient
d) Decide
Q82. Ankita is an ethically centred production manager so she will ship a product
a) Only after all its problems have been eliminated
b) Only if the shipping people use packing material that does not harm the environment
c) Only after an ethics committee has approved It
d) As quickly as she can to meet the customer's schedule
Q83. Trade secret refers to?
a) Secret information unknown to public
b) Information which is known to everyone
c) Information which is easily available
d) None of these
Q84. The reason for software bugs and failures is due to
a) Software companies
b) Software Developers
c) Both Software companies and Developers
d) All of the mentioned
Q85. The right to control your own personal information is the right of:
a) Access
b) Security
c) Privacy
d) None of the above
Q86. Pirating software is an act of violating
a) Equity
b) Ethics
c) Law
d) None of the these
Q87. What is the second stage in decision making?
a) observe
b) act
c) orient
d) decide
Q88. A women entrepreneur is supposed to have a minimum financial interest in share capital of entrepreneur’s enterprise:
(a) 35 per cent
(b) 51 per cent
(c) 25 per cent
(d) None of the above
Q89. Intellectual properties are:
a) Tangible properties
b) Intangible properties
c) Both
d) None of these
Q90. All of the answers below are advantages to buying your own software EXCEPT
a) Having instruction manuals or documentation.
b) Getting expert help from the software company.
c) Giving free copies to your friends.
d) Having the personal satisfaction of doing what Is ethical and legal
Q91. implies that women entrepreneurs are now economically independent and take decisions independently.
a) Better utilization of resources
b) Improved quality life
c) Economic development
d) Employment generation
Q92. A problem statement must be:
a) Clear and concise description of the issue
b) Infeasible to everyone
c) Lengthy
d) All of the above
Q93. Which is an example of plagiarism?
a) Reading a paragraph online and retyping It in your own words
b) Copying and pasting someone else's work into your paper using quotation marks and citing the author
c) Typing a paper in your own words
d) Copying and pasting a sentence from the Internet into your paper
Q94. What are the common ethical issues for IT users?
a) Software piracy
b) Proper utilization of computing resources
c) No sharing of information
d) All of the above
Q95. From a legal perspective, IT workers are not recognized as professionals because they are not by the state government.
a) Licensed
b) Sponsored
c) Associated
d) Graded
Q96. Supposing you are a journalist, is it ethical 10 use a tape record your Interview process without the consent of the person concerned?
a) Yes
b) No
c) Do not know
d)None of these
Q97. Company incorporation form is required to be filed within as the name is reserved only for this time period
a) 60 days
b) 50 days
c) 40 days
d) 30 days
Q98. An individual can borrow up to lakh in term loans or working capital loans as per your eligibility and feasibility
a) RS 100 lakh
b) RS 350 lakh
c) RS 400 lakh
d) RS 500 lakh
Q99. Government has mandated minimum credit flow of for Shishu Category
a) 50%
b) 70%
c) 60%
d) 30%
Q100. Working Capital Loan has an interest rate of
a) 12% to 14%
b) 12% to 25%
c) 12% to 16%
d) 12% to 23%

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