Avel-COVID19-Comp Sc & others-ND Course- EED

COVID – 19 SIT@HOME

INTEL DEV. CLASS

EED

BY

Committee of Intellectuals [CoI]

@

INTELLECTUAL DEVELOPMENT CONFERENCE CENTER

[INTEL CENTER]

ENTREPRENEURSHIP

Past Questions & Answers.

1. In Nigeria vegetable oil can be extracted from any of these products except …………

 (Groundnut, melon, soya beans, cocoa, palmfruit)

Ans. Cocoa.

• A book containing name and address of various companies operating in Nigeria is referred to as ……..

       (Black book, yellow book, red book, blue book, brown book)

Ans. Yellow book

• An establishment with a very high noise level in it operation will be required to provide………… for it workers

       (Googles, ear cover, nose guard, ear cover and Googles, all of the above)

Ans. Ear cover.  

• A business outfit with less than #500,000.00k central capital is referred to as……….

    ( very small scale, small cscale, medium scale, large scale. None of the above)

       Ans.Medium scale.

• An entrepreneur with the mind of establishing a furniture making business must receive approval from………..

 (CAC, SON, NAFDAC, CAMA, NONE)

       Ans. SON.   

• The following are the reasons and companies except …….

( to make room for prosecution, to avoid confliction of name , to make for ease identification, to maintain customers, none of the above)

Ans. To make room for prosecution.  

• Nigeria ……….. should be contacted for the insurance of permit for establishment of food industry.

         (NERFUND, NEEDS, NAFDAC, NISEX, NIS.)

Ans. NAFDAC 

• In Nigeria stamp duties is usually obtained from one of these

         (supreme court, appeal court, customary court, industrial court, high court)

Ans. High court.    

• The establishment responsible for the insurance of fire arms license in Nigeria is called ………..

         Ans. Nigeria Police.

1. Companies and allied matter act was amended last in the year …………..

 (2004, 2005, 2006, 2007, 2008)

        Ans. 2004.

1. Floortiles, monumental slabs, wall decorating finishing are obtained from which of these

       ( bitumen, granite, limestone ,sand, money, equipment, energy, skills knowledge)

Ans. Granite.   

1. The difference between sole proprietor and partnership is …………..

        Ans. Ownership.

1. Elephant represent the trade mark of first bank while that of union bank is …………

        (Horse, unicorn,stallion,)

            Ans. Stallion.

1. A written document prepared by an entrepreneur describing the internal and external elements involved in starting a new venture is called ………….

        Ans. Business plan.

1. The business of technical education in Nigeria is regulated by …………..

        Ans.  National Board for Technical Education (NBTE).

1. In Nigeria the percentage of Value Added Tax (VAT) on goods and services is ………………

 (5%,10%,15%,2.5%,2%)

              Ans. 5%.   

1. The total number of registered banks on Nigeria is …………

        (28, 25, 30, 27, 26) ,(New)

Ans. 30. 

1. Business ideal generation is a sine-qua nom for business

        (True/false)

            Ans. True.   

1. Full meaning of the acronym NEPC is ……………

        Ans. Nigeria Export Promotion Council.

• Paper is a product from which of the following.

 (Iron, water, sand, wood,cement)

              Ans.Wood.  

• A musician whose work was duplicated in alaba international market can be she under which law.

        Ans.

• Companies are registered under …………

        Ans. CAC.          (New)

• Full meaning of the acronym CAC.   

        Ans. Cooperate Affairs Commission.   (New)

• Ceramic, glass wares and tiles are product of ……………

        Ans. Fledspar.    (New)

• Floortiles wall decorating finishing are obtained from…………

        Ans. Granite.

• Which of these is required for cooperation of business in Nigeria

(Memorandum of understanding, article and memorandum of understanding, list of consenting director, address of company location, all of the above.)

        Ans. All of the above.  

•  An homogenizer will be required by which of the following industries.

(Book producing industry, cigarette producing industry, milk producing industry, cake producing industry, flour producing industry)

Ans. Milk producing industry. 

• The identified need of a community becomes a problem to be solved.

        (true/false)

            Ans. True.  

WISH YOU SUCCESS

NOTE: READING IS THE ONLY SURE WAY TO SUCCESS

AND EXAM MALPRACTICE IS CRIMINAL

&

WILL ONLY TERMINATE YOUR ACADEMIC CAREER 

SO BE WARNED.