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Tec Exam questions and answers [PDF] CSC Assessment

Tec exam questions and answers 2022 assessment answer key pdf download in english, hindi for final live paper preparation. telecentre entrep....

Tec exam questions and answers 2022 Assessment answer key PDF Download in English, Hindi for final live paper preparation. Telecentre Entrepreneur Course (TEC/CCE)

  TEC Exam Questions and Answers

Some useful points

·          TEC Course By ISB CSC Academy

·          CSC centre also called (Digital Centre)

·          Telecentre entrepreneur exist in almost every country, in India it is known as Common Services Centre (CSC).

·          Data is the new petrol (Mukesh Ambani).

·          Key characteristics of successful Businesses (Concept, Capability, Culture)

·          Key Characteristics of successful Entrepreneurs (5Cs)

·          Courage, Character, Conviction, Compassion, Communication

·          CSC Punchline : Power to Empower

·          Debits are entered on the left-hand side and credits on the right-hand side.

Debit or credit?

• Rule of thumb on how to determine if something is a debit or credit:

• Personal accounts: Debit the receiver and credit the giver.

• Real accounts: Debit what comes in and credit what goes out.

• Nominal accounts: Debit all losses and expenses and credit all profits and incomes.

Some important Full forms

• Certificate Course in Entrepreneurship (CCE)
• Village Level Entrepreneurs (VLE)
• Information & Communication Technology (ICT)
• State Wide Area Network (SWAN)
• Public Private Partnership (PPP)
• Service Centre Agency (SCA)
• State Designated Agency (SDA)
• India Habitat Centre (IHC)
• BATNA: “Best Alternative To A Negotiated Agreement”
• cost of goods sold (COGS)
• P&L statement (Profit & Loss)
• EMI (Equated Monthly Installment)
• plant, property and equipment (PPE)
• Selling, general and administrative (SG&A) expenses
• Earnings before interest, taxes, depreciation and amortization (EBITDA)
• Earnings before interest, taxes (EBIT)
• Profit before tax (PBT)
• Non-Banking Financial Company; NBFC in short (examples: Bajaj Finance Ltd, L&T Finance Holdings, HDFC Ltd)

Note : In Assessment 9 Question conduct in every test.

  FAQ’s of final online proctored exam.

a. Total number of questions in the final exam: 50 questions.

b. Type of questions: Multiple Choice.

c. Pass percentage: 50%

d. Timings for final online exams: 10:00 am to 05:00 pm (Monday to Saturday)

e. Minimum system requirements for online and remote proctored exam

f. Windows 10 OS with Ram 4 GB

g. Web cam integrated or external

h. Internet connectivity with 1 Mbps speed

i. Sitting Room with minimum disturbance and Good light quality.

j. There is no back button in CSC Academy’s assessments quiz

Please call on 1800 3000 3468 for any queries related to Telecentre Entrepreneur Courses (TEC)

Assessments Questions for Practice final Exam to become a CSC VLE Operator .

Set 1 Entrepreneurship

1. Which of these is an example of entrepreneurship?

a) Starting up a business based on an old ides, existing business module, and less risk.

b) Teaching in an IIT/MBBS coaching institute.

c) Starting up a business based on a new app/software, with high risk.

d) None of the above

2. An Entrepreneur is a person who takes less risk, avoid experimentation.

3. An entrepreneur is one who is involved in a FEW of these activities – managing, organizing, innovating, assuming risks, etc.

4. Entrepreneurship is an opportunity to create walth

5. 92% of the startups are successful within the first 3 years of starting?

6. All People who start up a business based on a new idea are always successful.

7. An entrepreneur does the following activities – managing, organizing and makes all the decisions by himself.

8. A successful entrepreneur can become rich very fast.

9. Which of these is an example of entrepreneurship?

a) Starting up a new type of restaurant in a city.

b) Working in a call center/BPO

c) Teaching mathematics in a coaching center.

d) Managing and completing tasks given by the boss in a company.

Set 2 Entrepreneurship and Entrepreneurial Character

1. Entrepreneurs should not be greedy to grow big, as this needs patience as well.

2. Entrepreneurs need membership in physical communities where ideas can be shared and shaped.

3. Entrepreneurs need to have _____ to be successful.

a) Patience

4. Entrepreneuring  framed as intentional iteration creates.

a) A mindset that is prepared

b) Expects multiple challenges

c) Both are correct

d) None are correct

5. How to inspire and create entrepreneurial leaders with the organization?

a) Develop entrepreneurial ecosystem inside organizations to promote entrepreneurial activity as a mainstream, strategic activity

b) Promote employees often

d) None of them are correct

6. Organizations are not entrepreneurial but people are entrepreneurial.

7. Building a business takes ____ time than it takes to generate the idea for the business.

d) Cannot say

8. _____ is the specific tool of entrepreneurship.

a) Creation

b) Renovation

c) Innovation

d) Experimentation

9. 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.

Set 3 Identifying Business Opportunities

1. Upfront capital and R&D requirement costs should be high while evaluating whether an idea is an opportunity or not.

2. Cash flows simply put is the difference between the cash that flows in and that flows out

3. As an Electrician observed that grocery stores in his area are running successfully and wanted to open too. He opened one but was not able to make any profits, Why?

a) The electrician did not have any technical knowledge about how to run a grocery store.

b) The electrician did not realize that they were already there successful grocery in his area and there was no need for another one in his area.

d) Both are correct

d) Neither is correct

4. Why do we need to evaluate an Idea?

a) To know whether customers will buy the end product of an idea

b) To know whether the entrepreneur will make profits out of an idea

c) To know whether the entrepreneur can make a valuable product out of an idea.

d) All of the above

5. Successful entrepreneurship requires the ability to balance technical knowledge and market knowledge.

6. How to identify whether an idea is a opportunity or not?

a) An idea needs to be valuable

b) An idea needs to fulfill the need of a customer

7. The venture/business should be of high strategic value to a potential acquirer.

8. The market should be large and growing while evaluating whether an idea is an opportunity or not.

9. An idea is defined as the content of cognition.

Set 4 Understanding Cost Structures

1. Direct vs indirect costs are based their association with different cost objects.

2. _____ cost include salaries, bonuses, insurance, pension benefits, earned leave paid to the individuals involved.

b) Direct Material Cost

c) Direct Labour Cost

d) Unexpired costs

3. Cost allocation is a method through which a business allocates or distributes an indirect cost across various cost objects.

4. _____ is the monetary value of resources, like material, labour and overheads, used in the making of a product or delivery of a service.

b) Receivables

c) Inventors

5. Retail companies like Reliance Fresh, D-mart, Big Bazaar have _____ to a ____ degree of conversion.

a) Low to medium

b) Medium to High

c) Low to High

d) High to Medium

6. Costs that vary with the output levels are called variable costs

a) Product cost

b) Direct Material

c) Variable Cost

d) Fixed Cost

7. Costs that do not vary in the short term, regardless of changes in output levels, are called _____ costs.

a) Direct cost

b) Indirect cost

c) Fixed cost

d) Expired cost

8. _____ costs are those that have been completely consumed or the benefits from which have been received by the business.

a) Expired costs

b) Unexpired costs

c) Direct costs

d) Indirect costs

9. _____ the key determinants of the cost of goods sold (COGS), which appear on the P&L statement.

a) Indirect Cost

b) Fixed Cost

c) Expired Cost

d) Product Cost

SET 5 Long Term Orientation

1. Entrepreneurs are always looking for new ways of doing things and how they can make them better. Which trait is being discussed here?

a) Optimistic Nature

b) Consistency

c) Creativity

d) Commitment

2. What are the characteristics or traits of a successful entrepreneur? Select the best option.

a) Risk – Taker

b) Goal – Oriented

c) Thriven on uncertainty

3. ___ ___ is the ability to evaluate, assimilate and exploit knowledge.

a) Additive Capacity

b) Assimilative Capacity

c) Absorptive Capacity

d) Attractive capacity

4. Why is it important to have prior knowledge or related expertise to become a successful entrepreneur?

a) Prior knowledge contributes to expectation formation

b) Helps to make decisions like whether to invest in the idea of not.

c) Prior knowledge does not help much, it is not required to become a successful entrepreneur.

d) Both A and B

5. Absorptive Capacity comes from prior, related knowledge to be able to make sense of, recognize the value of, and use new information.

6. 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.

a) He was not a risk taker

b) He was not a goal-oriented

c) He did not have prior knowledge how to run a restaurant.

d) None of these

7. Entrepreneurs effectively sell their product or service to clients and customers. Which trait is being discussed here?

b) Goal Oriented

c) Communication

d) Creativity

8. What is not a characteristics/trait of a successful entrepreneur?

a) Good communication skills

b) To have strong technical knowledge

c) Quits halfway when the situation become difficult

d) Solve a problem with a unique and creative solution

9. A knowledgeable cook opened a south-Indian Restaurant in Chennai. But the business was not running smoothly and later of he had to close it.

a) He did not have technical knowledge

b) They were too many competitors and he was not creative in the menu to attract customers

c) Both A and B

SET 6 Recording Business Transactions

1. What are three financial sheets that used to record and report a business?

a) Balance sheet, General Journal, Profit and Loss Statement

b) Balance sheet, Statement of Cash Flow, Ledger Account

c) Statement of Cash Flow, General Journal, Ledger Account

d)Statement of cash flow, Balance sheet, Profit, and loss statement

2. Geeta has a grocery shop; the customers have already paid Rs 5,000 to her. Geete decide to pay her supplier Rs.2000 at the end of the week. According Basis calculate her profit?

3. 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.

4. _____ is a record of all of the business’ existing assets, liabilities and equity.

a) Profit and loss statement

b) Statement of cash flow

c) Balance Sheet

d) General Journal

5. Equity and liabilities come first in a balance sheet, followed by assets.

6. Select the correct equation

a) Total assets = Total liabilities + Equity

b) Total Liabilities = Total Assets + Equity

c) Total Equity = Total Assets + Total libalities

d) Total Equity = Total Liabilities + Total Assets

7. Transactions are entered into the general journal in chronological order.

8. Accountants worldwide use the triple-entry system to record transaction.

9. A business cannot survive for long without ______.

a) Manpower

c) Infrastructure

Set 7 Basic Financial Terms

1. Identify a non-example of accounting?

a) How much value in rupees of goods or services has the business sold

b) List of investments in land, facilities, buildings, etc. the business made

c) Costs the business incurred

d) List and details of favourite customers

2. What are the key inputs of business?

d) All of these

3. What is the output of the business?

b) Services

c) Both of the above

d) neither is correct

4. _______ is about planning for the uncertain future and deciding what kind of investments should the business make.

b) Governance

c) Maintenance

d) Dominance

5. What is a corporation?

a) A separate legal entity with a large number of owners.

b) A separate illegal entity with a large number of owners

c) Multiple owner or partners,  some of whom are also usually responsible for the day-to-day running of the business.

6. What is the primary objective of a business?

a) Make money for investors by providing goods or services

b) Make money for retailers by providing goods for services

c) Make money for customers by providing goods by services

d) Make money for employers by providing goods or services

7. What are the different forms of business?

a) Sole proprietorship, Friendship, Corporations

b) Sole proprietorship, Partnership, Corporations

c) Sole Proprietorship, Partnership, Commenmoration

d) Sole presendtship, partnership, commemoration

8. _____ has multiple owners or pertners, some of whom are also usually responsible for the day-to-day  running of the business.

a) Friendship

b) Presidentship

c) Partnership

d) Corporations

9.  What is Sole proprietorship?

a) A single owner who is also usually responsible for the day-to-day running of the business

b) A single employee who is also usually responsible for the day-to-day running of the business

c) A single retailer is also usually responsible for the day-to-day running of the business

d) A single partner who is also usually responsible for the day-to-day running of the business

SET 8 Accounting and Business Reporting

1. Any income or profit not paid out to shareholders is called ______

a) Retained earnings

b) Revenues

c) Debuntures

2. Both Assets and liabilities are classified as current and non-current.

3. Balance sheet divided into 2 parts

a) Assests & Liabilities

b) Equity & Liabilities

c) Equity & Assests

4. Non-current assets include _______, which typically last for more than one year.

a) Plant, property and establishment

b) Plant, property and equipment

c) Penchant, property, equipment

d) Plant, Property, experiment

5. _____ is also called income statement.

a) Statement of cash flows

b) Profit and Loss Statement

6. What are the common types of current assets?

a) Cash, Inventories, Deliverables, Long-term loans, and advances.

b) Tangible assets, intangible assets, Non-current investments

c) Cash, Inventories, intangible assets, Non-current investments

d) Cash, Inventories, Receivables, Short-term loans and advances

7. _____ sheet represents the financial position of a business as of a particular date, typically at the end of a quarter or final year.

b) Profit & Loss (P&L) statement

c) Balance sheet

d) Ledger Sheet

8. ______ are those assets that are expected to be sold or converted to cash or consumed within one year.

a) Current Assets

b) Current Liabilities

c) Non-current Assets

d) Non-current Liabilities

9. ______ is the value of raw materials held, work-in process and finished good held by the business.

SET 9 Marketing Education _Handling Questions & Concerns

1. How to become a trusted adviser?

a) Understand the concerns of the customer

b) Peddle/promote the product

2. Why should we identify customer needs?

a) The motive driving the customer to purchase an item is the need for it.

b) Ensures customer satisfaction and loyalty

3. Active listening is one of the client reactions to a typical sales pitch.

4. Listening for enjoyment is called is _____

a) Appreciative listening

b) Articulative listening

c) inspirational listening

d) Empathetic listening

5. Service promise is the assurance given to the customer about in time delivery of assured ______ and ______ of product.

a) Integrity and Certainty

b) Sincerity and Speciality

c) Quantity and Quality

d) Variety and Guaranty

6. A trusted adviser promotes a product aggressively to the customer

7. The innovation of products based on customer needs is of value for the business.

8. Delivering what customer wants is one of the constituents of a service promise.

9. Select the correct structures of a good sales pitch?

a) Hook and objective

b) Rook and objective

c) Rook and Subjective

d) Nook and Subjective

SET 10 Marketing Education Value

1. Why is a customer purchasing from a particular store?

a) Because the customer values the AC you provide inside the shop.

b) Because the customer values the product or service the shop provides

c) Because the customer values the friendship with the shop’s owner.

2. Select the correct statement.

a) Value is customer defined

b) Value is consultant defined

c) Value is salesman defined

d) Value is businessman defined

3. Where does the value reside?

a) In the salesman’s mind

b) At the POC of the store

c) In the customer’s mind

d) In the store’s owner mind

4. Value can be defined in terms of _______ perspective as well as based on ______.

a) customer, cost

b) Newcomer, Price

c) Customer, Price

d) Newcomer, Cost

5. What is the advantage of adopting a value perspective?

a) Clear differentiation

b) Helping the customer understand how and how much they benefit

c) Ability to justify pricing or even price at a premium

6. According to the framework for Entrepreneurs, select the best statement below.

a) Value Creation > Value Delivery > Value Capture

b) Value Capture > Value Creation > Value Delivery

c) Value Creation > Value capture > Value Delivery

d) Value Delivery > Value Creation > Value Capture

7. Select the correct statement

a) Value depends on the features or services provided by the store

b) Value depends on the features or services sold by the salesman.

c) Value depends on the features or services discounted by the store’s owner.

d) Value depends on the features or services consumed by the customer.

8. _______ everyone competes on price as no one is exploring how they are able to differently adding value to customer.

a) Digitization

b) Commoditization

c) Privitization

d) Capitalization

9. Value is what the shop/store provide to the customer. (Like services of a shop or features of a product)

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CSC TEC Exam Questions in Hindi PDF

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CSC TEC Examination Questions and Answers

Assessments Questions for Practice final Exam to become a CSC VLE Operator.

There are 10 modules and each module contains different types of multiple-choice questions. Those are

Set-1: Entrepreneurship

Set-2: entrepreneurship and entrepreneurial character, set-3: identifying business opportunities, set-4: understanding cost structures, set-5: long term orientation, set-6: recording business transactions, set-7: basic financial terms, set-8: accounting and business reporting.

SET-9: Marketing Education _Handling Questions & Concerns

SET-10: Marketing Education Value

• Which of these is an example of entrepreneurship?

a) Starting up a business based on an old idea, existing business modules, and less risk.

b) Teaching in an IIT/MBBS coaching institute.

c) Starting up a business based on a new app/software, with high risk.

d) None of the above

• An Entrepreneur is a person who takes less risk, avoid experimentation.
• An entrepreneur is one who is involved in a FEW of these activities – managing, organizing, innovating, assuming risks, etc.
• Entrepreneurship is an opportunity to create wealth
• 92% of the startups are successful within the first 3 years of starting?
• All People who start up a business based on a new idea are always successful.
• An entrepreneur does the following activities – managing, organizing and makes all the decisions by himself.
• A successful entrepreneur can become rich very fast.

a) Starting up a new type of restaurant in a city.

b) Working in a call center/BPO

c) Teaching mathematics in a coaching center.

d) Managing and completing tasks given by the boss in a company.

• Entrepreneurs should not be greedy to grow big, as this needs patience as well.
• Entrepreneurs need membership in physical communities where ideas can be shared and shaped.
• Entrepreneurs need to have _ to be successful.

a) Patience

• Entrepreneuring is framed as intentional iteration creates.

a) A mindset that is prepared

b) Expects multiple challenges

c) Both are correct

d) None are correct

• How to inspire and create entrepreneurial leaders with the organization?

a) Develop entrepreneurial ecosystem inside organizations to promote entrepreneurial activity as a mainstream, strategic activity

b) Promote employees often

d) None of them are correct

• Organizations are not entrepreneurial but people are entrepreneurial.
• Building a business takes __ time than it takes to generate the idea for the business.

d) Cannot say

• _ is the specific tool of entrepreneurship.

a) Creation

b) Renovation

c) Innovation

d) Experimentation

• 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.
• Upfront capital and R&D requirement costs should be high while evaluating whether an idea is an opportunity or not.
• Cash flows simply put is the difference between the cash that flows in and that flows out
• As an Electrician observed that grocery stores in his area are running successfully and wanted to open too. He opened one but was not able to make any profits, Why?

a) The electrician did not have any technical knowledge about how to run a grocery store.

b) The electrician did not realize that they were already there successful grocery in his area and there was no need for another one in his area.

d) Both are correct

d) Neither is correct

• Why do we need to evaluate an Idea?

a) To know whether customers will buy the end product of an idea

b) To know whether the entrepreneur will make profits out of an idea

c) To know whether the entrepreneur can make a valuable product out of an idea.

d) All of the above

• Successful entrepreneurship requires the ability to balance technical knowledge and market knowledge.
• How to identify whether an idea is a opportunity or not?

a) An idea needs to be valuable

b) An idea needs to fulfill the need of a customer

• The venture/business should be of high strategic value to a potential acquirer.
• The market should be large and growing while evaluating whether an idea is an opportunity or not.
• An idea is defined as the content of cognition.
• Direct vs indirect costs are based their association with different cost objects.
• _ cost include salaries, bonuses, insurance, pension benefits, earned leave paid to the individuals involved.

b) Direct Material Cost

c) Direct Labour Cost

d) Unexpired costs

• Cost allocation is a method through which a business allocates or distributes an indirect cost across various cost objects.
• _ is the monetary value of resources, like material, labour and overheads, used in the making of a product or delivery of a service.

b) Receivables

c) Inventors

• Retail companies like Reliance Fresh, D-mart, Big Bazaar have _ to a degree of conversion.

a) Low to medium

b) Medium to High

c) Low to High

d) High to Medium

• Costs that vary with the output levels are called variable costs

a) Product cost

b) Direct Material

c) Variable Cost

d) Fixed Cost

• Costs that do not vary in the short term, regardless of changes in output levels, are called _ costs.

a) Direct cost

b) Indirect cost

c) Fixed cost

d) Expired cost

• _ costs are those that have been completely consumed or the benefits from which have been received by the business.

a) Expired costs

b) Unexpired costs

c) Direct costs

d) Indirect costs

• _ the key determinants of the cost of goods sold (COGS), which appear on the P&L statement.

a) Indirect Cost

b) Fixed Cost

c) Expired Cost

d) Product Cost

• Entrepreneurs are always looking for new ways of doing things and how they can make them better. Which trait is being discussed here?

a) Optimistic Nature

b) Consistency

c) Creativity

d) Commitment

• What are the characteristics or traits of a successful entrepreneur? Select the best option.

a) Risk – Taker

b) Goal – Oriented

c) Thriven on uncertainty

• _ _ is the ability to evaluate, assimilate and exploit knowledge.

a) Additive Capacity

b) Assimilative Capacity

c) Absorptive Capacity

d) Attractive capacity

• Why is it important to have prior knowledge or related expertise to become a successful entrepreneur?

a) Prior knowledge contributes to expectation formation

b) Helps to make decisions like whether to invest in the idea of not.

c) Prior knowledge does not help much, it is not required to become a successful entrepreneur.

d) Both A and B

• Absorptive Capacity comes from prior, related knowledge to be able to make sense of, recognize the value of, and use new information.
• 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.

a) He was not a risk taker

b) He was not a goal-oriented

c) He did not have prior knowledge how to run a restaurant.

d) None of these

• Entrepreneurs effectively sell their product or service to clients and customers. Which trait is being discussed here?

b) Goal Oriented

c) Communication

d) Creativity

• What is not a characteristics/trait of a successful entrepreneur?

a) Good communication skills

b) To have strong technical knowledge

c) Quits halfway when the situation become difficult

d) Solve a problem with a unique and creative solution

• A knowledgeable cook opened a south-Indian Restaurant in Chennai. But the business was not running smoothly and later of he had to close it.

a) He did not have technical knowledge

b) They were too many competitors and he was not creative in the menu to attract customers

c) Both A and B

• What are three financial sheets that used to record and report a business?

a) Balance sheet, General Journal, Profit and Loss Statement

b) Balance sheet, Statement of Cash Flow, Ledger Account

c) Statement of Cash Flow, General Journal, Ledger Account

d)Statement of cash flow, Balance sheet, Profit, and loss statement

• Geeta has a grocery shop; the customers have already paid Rs 5,000 to her. Geete decide to pay her supplier Rs.2000 at the end of the week. According Basis calculate her profit?
• 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.
• _ is a record of all of the business’ existing assets, liabilities and equity.

a) Profit and loss statement

b) Statement of cash flow

c) Balance Sheet

d) General Journal

• Equity and liabilities come first in a balance sheet, followed by assets.
• Select the correct equation

a) Total assets = Total liabilities + Equity

b) Total Liabilities = Total Assets + Equity

c) Total Equity = Total Assets + Total libalities

d) Total Equity = Total Liabilities + Total Assets

• Transactions are entered into the general journal in chronological order.
• Accountants worldwide use the triple-entry system to record transaction.
• A business cannot survive for long without __ .

a) Manpower

c) Infrastructure

• Identify a non-example of accounting?

a) How much value in rupees of goods or services has the business sold

b) List of investments in land, facilities, buildings, etc. the business made

c) Costs the business incurred

d) List and details of favourite customers

• What are the key inputs of business?

d) All of these

• What is the output of the business?

b) Services

c) Both of the above

d) neither is correct

• _ is about planning for the uncertain future and deciding what kind of investments should the business make.

b) Governance

c) Maintenance

d) Dominance

• What is a corporation?

a) A separate legal entity with a large number of owners.

b) A separate illegal entity with a large number of owners

c) Multiple owner or partners, some of whom are also usually responsible for the day-to-day running of the business.

• What is the primary objective of a business?

a) Make money for investors by providing goods or services

b) Make money for retailers by providing goods for services

c) Make money for customers by providing goods by services

d) Make money for employers by providing goods or services

• What are the different forms of business?

a) Sole proprietorship, Friendship, Corporations

b) Sole proprietorship, Partnership, Corporations

c) Sole Proprietorship, Partnership, Commenmoration

d) Sole presendtship, partnership, commemoration

• _ has multiple owners or pertners, some of whom are also usually responsible for the day-to-day running of the business.

a) Friendship

b) Presidentship

c) Partnership

d) Corporations

• What is Sole proprietorship?

a) A single owner who is also usually responsible for the day-to-day running of the business

b) A single employee who is also usually responsible for the day-to-day running of the business

c) A single retailer is also usually responsible for the day-to-day running of the business

d) A single partner who is also usually responsible for the day-to-day running of the business

• Any income or profit not paid out to shareholders is called __

a) Retained earnings

b) Revenues

c) Debuntures

• Both Assets and liabilities are classified as current and non-current.
• Balance sheet divided into 2 parts

a) Assests & Liabilities

b) Equity & Liabilities

c) Equity & Assests

• Non-current assets include _ , which typically last for more than one year.

a) Plant, property and establishment

b) Plant, property and equipment

c) Penchant, property, equipment

d) Plant, Property, experiment

• _ is also called income statement.

a) Statement of cash flows

b) Profit and Loss Statement

• What are the common types of current assets?

a) Cash, Inventories, Deliverables, Long-term loans, and advances.

b) Tangible assets, intangible assets, Non-current investments

c) Cash, Inventories, intangible assets, Non-current investments

d) Cash, Inventories, Receivables, Short-term loans and advances

• _ sheet represents the financial position of a business as of a particular date, typically at the end of a quarter or final year.

b) Profit & Loss (P&L) statement

c) Balance sheet

d) Ledger Sheet

• __ are those assets that are expected to be sold or converted to cash or consumed within one year.

a) Current Assets

b) Current Liabilities

c) Non-current Assets

d) Non-current Liabilities

• __ is the value of raw materials held, work-in process and finished good held by the business.
• How to become a trusted adviser?

a) Understand the concerns of the customer

b) Peddle/promote the product

• Why should we identify customer needs?

a) The motive driving the customer to purchase an item is the need for it.

b) Ensures customer satisfaction and loyalty

• Active listening is one of the client reactions to a typical sales pitch.
• Listening for enjoyment is called is _

a) Appreciative listening

b) Articulative listening

c) inspirational listening

d) Empathetic listening

• Service promise is the assurance given to the customer about in time delivery of assured _ and _ of product.

a) Integrity and Certainty

b) Sincerity and Speciality

c) Quantity and Quality

d) Variety and Guaranty

• A trusted adviser promotes a product aggressively to the customer
• The innovation of products based on customer needs is of value for the business.
• Delivering what customer wants is one of the constituents of a service promise.
• Select the correct structures of a good sales pitch?

a) Hook and objective

b) Rook and objective

c) Rook and Subjective

d) Nook and Subjective

• Why is a customer purchasing from a particular store?

a) Because the customer values the AC you provide inside the shop.

b) Because the customer values the product or service the shop provides

c) Because the customer values the friendship with the shop’s owner.

• Select the correct statement.

a) Value is customer defined

b) Value is consultant defined

c) Value is salesman defined

d) Value is businessman defined

• Where does the value reside?

a) In the salesman’s mind

b) At the POC of the store

c) In the customer’s mind

d) In the store’s owner mind

• Value can be defined in terms of perspective as well as based on _ .

a) customer, cost

b) Newcomer, Price

c) Customer, Price

d) Newcomer, Cost

• What is the advantage of adopting a value perspective?

a) Clear differentiation

b) Helping the customer understand how and how much they benefit

c) Ability to justify pricing or even price at a premium

• According to the framework for Entrepreneurs, select the best statement below.

a) Value Creation > Value Delivery > Value Capture

b) Value Capture > Value Creation > Value Delivery

c) Value Creation > Value capture > Value Delivery

d) Value Delivery > Value Creation > Value Capture

• Select the correct statement

a) Value depends on the features or services provided by the store

b) Value depends on the features or services sold by the salesman.

c) Value depends on the features or services discounted by the store’s owner.

d) Value depends on the features or services consumed by the customer.

• _ everyone competes on price as no one is exploring how they are able to differently adding value to customer.

a) Digitization

b) Commoditization

c) Privitization

d) Capitalization

• Value is what the shop/store provide to the customer. (Like services of a shop or features of a product)

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CSC TEC Exam Questions and Answers Key 2022 with PDF Download

 Hello guys! If you are searching for CSC TEc Exam questions and answers then you are in the right place. Here we provide all the answers keys of the TEC Exam along with a Pdf for you. As government makes mandatory of TEC certificates many users are now to get the TEC certificate. To get the TEC certificate you first to give a test and if you get qualified in the test you will get the certificate.

How to Get TEC Certificate?

Tec (telecenter entrepreneur cours) final exam details.

• Total No of Questions in TEC Final Exam - 50
• Type of Questions - Multiple
• Passing Mark - 50%
• Negative Marking - No
• Time of Exam - 10 AM to 5 PM (Monday to Saturday)

TEC Exam Questions and Answers Key 2022

• Entrepreneurship
• Entrepreneurship and Entrepreneurial Character
• Identifying Business Opportunities
• Understanding Cost Structure
• Long Term Orientation
• Recording Business Transactions
• Basic Financial Terms
• Accounting and Business Reporting
• Marketing Education-Handling Questions & Concerns
• Marketing Education Value

#1. Entrepreneurship Questions and Answers to the TEC Exam

1. an entrepreneur is one who is involved in a few of these activities - managing, organizing, innovating, assuming risks, etc, 2.  an entrepreneur does the following activities - managing, organizing, and makes all the decisions by himself , 3.  an entrepreneur is a person who takes less risks, avoids experimentation , 4. a successful entrepreneur can become rich very fast, 5. all people who start up a business based on a new idea are always successful, 6. 92% of the startups are successful within the first 3 years of starting, 7. starting up a new venture with a new idea is called entrepreneurship, 8. entrepreneurship is an opportunity to create wealth, 9. which of these is an example of entrepreneurship, 10. which of these is an example of  entrepreneurship , #2. entre preneurship and entrepreneurial character, 1. entrepreneurs need to have ____ to be successful, 2. ______ is the specific tool of entrepreneurship , 3. entrepreneurs need members in physical communities where ideas can be shared and shaped, 4. how to inspire and create entrepreneurial leaders within the organizations, 5. organizations are not  entrepreneurial but people are entrepreneurial , 6. entreprenuering farmed as international iterations create, 7. does entrepreneurship involve _____, 8. e ntrepreneurship involves organizing, managing, and assuming the risks pertaining to your enterprise, etc. and an entrepreneur is one who is involved in all of these, 9. building a business takes ______ time than it takes to generate the idea for the business, 10. entrepreneurs should not be greedy to grow big, as this needs patience as well, #3. identifying business opportunities, 1. successful entrepreneurship requires the ability to balance technical knowledge and market knowledge, 2. 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 profit. why , 3. cashflow simply put is the difference between the cash that flows in and the cash that flows out, 4. upfront capital and r&d requirement cost should be high while evaluating whether an idea is an opportunity or not, 5. the market should be large and growing while evaluating whether an idea is an opportunity or not, 6. the venture/business should be high strategic value to a potential acquirer, 7. an idea is defined as the content of cognition, 8. is every idea a possible opportunity, 9. how to identify an idea is an opportunity or not, 10. why do we need to evaluate an idea, #4. understanding cost structure, 1. _____ is the cost of any material directly used in the production of output, 2. ______ cost includes salaries, bonuses, insurance, pensions, benefits, earned leave paid to the individual involved , 3. cost allocation is a method through a business allocates or distributes an indirect cost across various cost objects, 4. the cost vary with the output levels are called variable costs, 5. ______ costs are those that have been completely consumed or the benefits from which have been received by the business, 6. ______ is the monetary value of resources like materials, labour, overheads, used in the making of a product or delivery a service, 7. direct and indirect costs are based their association with different cost objects, 8. cost that don't vary in the short term, regardless in changes of output levels, is called _____ cost, 9. retail companies like reliance fresh, d mart, big baazar have _____to a ____ degree of conversion, 10. _______ is the key determinants of the cost of goods sold(cogs), which appears on the p&l statement, #5. long term orientation, 1. _____ is the ability to evaluate, assimilate, and exploit knowledge, 2. absorptive capacity comes from prior, related knowledge to be able to make sense of recognizing the value of, and use new information , 3. why it is important to have prior knowledge or relatable expertise to become a successful entrepreneur, 4. a successful tailor wanted to try something new. so, he opened a street food restaurant in his area. but his restaurant didn't run properly and eventually, he had to close it down. why please select the best option., 5. a knowledgeable cook opened a south indian restaurant in chennai. but the business was not running smoothly and later he had to close it. what went wrong, 6. what are the characteristics or traits of a successful entrepreneur. select the best option, 7. what is not a characteristic/trait of a successful entrepreneur, 8. entrepreneurs are always looking for new ways of doing things and how they can make them better. which trait is being discussed here, 9. entrepreneurs effectively sell their products or service to clients and customers. which trait is being discussed here, 10. entrepreneurs don't let uncertainty and potential failure stop them from doing what needs to be done. which trait is being discussed here, #6. recording business traansactions, 1. a business can't survive for a long without ____, 2. geeta has a grocery shop. the customers have already paid rs 5000 to her. geeta decided to pay her supplier rs 2000 at the end of the week. according to accrual basic calculate her profit , 3. accountants worldwide use the triple entry system to record transactions, 4. transactions are entered into the general journal in chronological order, 5. _______ is a record of all businesses' existing assets, liabilities, and equity, 6. what are the three financial sheets that are used to record and report a business, 7. 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, 8. equity and liabilities come first in a balance sheet, followed by assets, 9. select the correct equation, #7. basic financial terms, 1. what is a sole proprietorship, 2. ________ has multiple owners or partners, some of whom are also usually responsible for the day-to-day running of the business , 3. what is a corporation, 4. identify a non-example of accounting, 5. _______ is about planning for the uncertain future and deciding what kind of investment should the business make, 6. ______ is 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, 7. what is the primary objective of a business, 8. what are the key inputs of business, 9. what is the output of the business, 10. what are the different forms of business, #8. accounting and business reporting, 1. _____ are those assets that are expected to be sold or converted into cash or consumed within one year, 2. non-current assets include ______, which typically last for more than one year , 3. what are the common types of current assets, 4. _______ is the value of raw material held, work in process, and finished good held by the business, 5. any income or profit not paid out to shareholders is called _____, 6. ______ is also called the income statement, 7. balance sheet is divided into two parts. what are they, 8. ______ sheet represents the financial position of a business of a particular date, typically at the end of the quarter or financial year, 9. inventories are the value of raw material held, work in process, and finished goods held by the business, 10. both assets and liabilities are classified as current and non-current, #9. marketing education handling questions & concerns, 1. why should we identify customers' needs, 2. the innovation of products based on the customer need is of the value of the business , 3. active listening is one of the client's reactions to a typical sales pitch, 4. select the correct structure of a good sales pitch, 5. hearing is the same as listening, 6. listening for enjoyment is called as _____, 7. a trusted adviser promotes a product aggressively to the customer, 8. how to become a trusted adviser, 9. service promise is the assurance given to the customer about in-time delivery of assured ____ and ___ of the product, 10. delivering what customers want is one of the constituents of a service promise, #10. marketing education value , 1. value can be defined in terms of _____ perspective as well as based on _____, 2. what are the advantages of adopting a value perspective , 3. according to the framework for entrepreneurs, select the best statement below, 4. select the correct statement, 5. ______ everyone competes on price as no one is exploring how they are able to differently adding value to customers, 6. value is what the shop/store provides to the customer. (like service of a shop or features of a product), 7. why is a customer purchasing from a particular store, 8. select the correct statement, 9. where does the value reside, conclusion .

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CSC TEC Examination Latest Questions And Answers Key

Table of Contents

CSC TEC Examination Latest Questions And Answers Key : To get TEC Certificate , you must first register for TEC. To register for TEC, you have to pay Rs 1479. After making the payment, you will get TEC ID & Password. Which will allow you to participate in the TEC exam . Must complete 10 assessments in the TEC Examination. CSC TEC Examination Assessment

CSC TEC Examination Assessment

CSC TEC Examination 10 Assessments Are Given Below

Assessments 1: Entrepreneurship

Assessments 2: Entrepreneurship and Entrepreneurial Character

Assessments 3 : Identifying business opportunities

Assessments 4: Understanding Cost Structures

Assessments 5: Long term orientation

Assessments 6: Recording Business Transactions

Assessments 7: Basic Financial Terms

Assessments 8: Accounting and Business Reporting

Assessments 9: Marketing Education Handling Questions Concerns

Assessments 10: Marketing Education Value

Entrepreneurship Assessment Latest Answer Key

Q 1: Starting up a new venture with a new idea is called entrepreneurship.

Q 2: Entrepreneurship is an opportunity to create wealth

Q 3: Which of these is an example of entrepreneurship?

• 1. Starting up a business based on an old idea, existing business module, and less risk.
• 2. Teaching in an IIT/MBBS coaching institute.
• 3. Starting up a business based on a new app/software, with high risk.
• 4. None of the above

Ans.: Starting up a business based on an old idea, existing business module, and less risk.

Q 4: Which of these is an example of entrepreneurship?

• 1. Starting up a new type of restaurant in a city.
• 2. Working in a call center/BPO.
• 3. Teaching mathematics in a coaching center.
• 4. Managing and completing tasks given by the boss in a company.

Ans.: Starting up a new type of restaurant in a city.

Q 5: An entrepreneur is involved in a FEW of these activities – managing, organizing, innovating, assuming risks, etc.

Q 6: An entrepreneur does the following activities – managing, organizing, and makes all the decisions by himself.

Q 7: An entrepreneur is a person who takes less risk, avoids experimentation.

Ans.: False

Q 8: A successful entrepreneur can become rich very fast.

Q 9: All people who start up a business based on a new idea are always successful.

Q 10: 92 % of the startups are successful within the first 3 years of starting?

Entrepreneurship and Entrepreneurial Character Assessments Ans. Key

Q 1: Does entrepreneurship involve………………………..?

1. Managing responsibilities

2. Organizing tasks

3. Evaluating risks in the new venture.

4. All of the above.

Ans.: All of the above.

Q 2: Entrepreneurship involves organizing managing and assuming the risks about your enterprise etc. And an entrepreneur is involved in ALL of these.

Q 3: Building a business takes time than it takes to generate the idea for the business o

4. Can Not Say

Ans.: Longer

Q 4: Entrepreneurs should not be greedy to grow big, as this needs patience as well.

Q 5: Entrepreneurs need to have to be successful.

1. Patience

4. Luck HRI

Ans.: Patience

Q 6: ………………………is the specific tool of entrepreneurship?

1. Creation

2. Renovation

3. Innovation

4. Experimentation

Ans.: Innovation

Q 7: Entrepreneurs need membership in physical communities where ideas can be shared and shaped.

Q 8: How to inspire and create entrepreneurial leaders within the organizations?

1. Develop entrepreneurial ecosystems inside organizations to promote entrepreneurial activity as a mainstream, strategic activity

2. Promote employees often

3. Both are correct

4. None of them are correct

Ans.:Both Are Correct

Q 9: Organizations are not entrepreneurial but people are entrepreneurial.

Q 10: Entrepreneuring framed as intentional iteration creates

1. A mindset that is prepared.

2. Expects multiple challenges.

3. Both are correct.

4. None are correct.

Ans.: Both are correct.

Also, Read- How To Apply for HDFC Bank Credit Card For CSC VLE in 2021

Identifying Business Opportunities Assessments Ans. Key

Q 1: An idea is defined as the content of cognition.

Q 2: Is every idea a possible opportunity?

Q 3: How to identify whether an idea is an opportunity or not?

1. An idea needs to be valuable

2. An idea needs to fulfill the need of a customer.

4. Neither is correct

Q 4: Why do we need to evaluate an idea?

1. To know whether customers will buy the end product of an idea

2. To know whether the entrepreneur will make profits out of an idea

3. To know whether the entrepreneur can make a valuable product out of an idea.

Ans.: To know whether customers will buy the end product of an idea

Q 5: Successful entrepreneurship requires the ability to balance technical knowledge and market knowledge

Q 6: 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?

1. The electrician did not have any technical knowledge about how to run a grocery store.

2. The electrician did not realize that they were already three successful grocery stores in his area and there was no need for another one in his area.

4. Neither is correct.

Ans.: Both are correct

Q 7: Cash flows simply put is the difference between the cash that flows in and cash that flows out

Q 8: Upfront capital and R& D requirement costs should be high while evaluating whether an idea is an opportunity or not.

Q 9: The market should be large and growing while evaluating whether an idea is an opportunity or not.

Q 10: The venture/business should be of high strategic value to a potential acquirer.

Understanding Cost Structures Assessments Answer Key

Q 1: ………………….. is the monetary value of resources, like material, labor and overheads, used in the making of a product or delivery of a service.

2. Receivables

3. Inventories

Q 2: Direct vs indirect costs are based their association with different cost objects.

Q 3: Costs that do not vary in the short term, regardless of changes in output levels, is called costs.

1. Direct Cost

2. Indirect Cost

3. Fixed Cost

4. Expired to a

Ans.: Direct Cost

Q 4: Retail companies like Reliance Fresh, D-Mart, Big Bazaar have of conversion.

1. Low to Medium

2. Medium to High

3. Low to High

4. High to Medium

Ans.: Low To High

Q 5: the key determinants of the cost of goods sold (COGS), which appears on the P&L

1. Indirect Cost

2. Fixed Cost

3. Expired Cost

4. Product Cost

Ans.: Product Cost

Q 6: is the cost of any material directly used in the production of the output.

1. Expired Cost

2. Product Cost

3. Direct Material Cost

4. Unexpired Costs

Q 7: cost includes salaries, bonuses, insurance, pension benefits, earned leave paid to the individuals involved.

2. Direct Material Cost

3. Direct Labor Cost

Ans.: Surplus

Q 8: Cost allocation is a method through which a business allocates or distributes an indirect cost across various cost objects.

Q 9: Costs that vary with the output levels are called variable costs.

1. Product Cost

3. Variable Cost

4. Fixed Cost

Ans.: Direct Material Cost

Q 10: …………….costs are those that have been completely consumed or the benefits from which have been received by the business.

1. Expired Costs

2. Unexpired Costs

3. Direct Costs

4. Indirect Costs

Ans.: Unexpired Costs

Long-Term orientation Assessments Answer Key

Q 1: What are the characteristics or traits of a successful entrepreneur? Select the best option.

1. Risk – Taker.

2. Goal–Oriented

3. Thrive on uncertainty.

Q 2: What is not a characteristics/trait of a successful entrepreneur?

1. Good communication skills

2. To have strong technical knowledge

3. Quits halfway when the situation becomes difficult

4. Solves a problem with a unique and creative solution.

Ans.: Quits halfway when the situation becomes difficult

Q 3: Entrepreneurs are always looking for new ways of doing things and how they can make them better. Which trait is being discussed here?

1. Optimistic Nature

2. Consistency

3. Creativity

4. Commitment

Ans.: Creativity

Q 4: Entrepreneurs effectively sell their products or service to clients and customers. Which trait is being discussed here?

2. Goal-oriented

3. Communication Skills

4. Creativity

Ans.: Communication Skills

Q 5: Entrepreneurs don’t let uncertainty and potential failure stop them from doing what needs to be done. Which trait is being discussed here?

1. Communication Skills

2. Strong Technical Knowledge

4. Risk-Taker.

Ans.: Risk-Taker.

Q 6: is the ability to evaluate, assimilate and exploit knowledge.

1. Additive Capacity

2. Assimilative Capacity

3. Absorptive Capacity

4. Attritive Capacity

Ans.: Assimilative Capacity

Q 7: Absorptive Capacity comes from prior, related knowledge to be able to make sense of, recognize the value of, and use new information.

Q 8: Why is it important to have prior knowledge or relatable expertise to become a successful entrepreneur?

1. Prior knowledge contributes to expectation formation

2. Helps to make decisions like whether to invest in the idea or not.

3. Prior knowledge does not help much, it is not required to become a successful entrepreneur.

4. Both A and B

Ans.: Both A and B

Q 9: 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.

1. He was not a risk-taker

2. He was not goal-oriented.

3. He did not have prior knowledge of how to run a restaurant.

4. None of the above.

Ans.: He did not have prior knowledge of how to run a restaurant.

Q 10: A knowledgeable cook opened a South Indian Restaurant in Chennai. But the business was not running smoothly and later on he had to close it. What went wrong?

1. He did not have technical knowledge

2. They were too many competitors and he was not creative in the menu to attract customers.

3. Both A and B

Recording Business Transactions Assessments Answer Key

Q 1: …………….is a record of all of a business’s existing assets, liabilities, and equity.

1. Profit and Loss Statement

2. Statement of Cash Flow

3. Balance Sheet

4. General Journal

Ans.: Balance Sheet

Q 2: What are three financial sheets that used to record and report a business?

1. Balance Sheet, General Journal, Profit and Loss Statement

2. Balance Sheet, Statement of Cash Flow, Ledger Account

3. Statement of Cash Flow, General Journal, Ledger Account

4. Statement of Cash Flow, Balance Sheet, Profit, and Loss Statement

Ans.: Statement of Cash Flow, Balance Sheet, Profit, and Loss Statement

Q 3: A balance sheet is a record of all of a business’s revenues and costs over a certain period, typically, every quarter or every year.

Q 4: Equity and liabilities come first in a balance sheet, followed by assets.

Q 5: Select the correct equation

1.Total Assets = Total Liabilities + Equity

2.Total Liabilities = Total Assets + Equity

3.Total Equity = Total Assets + Total

4.Total Equity = Total Liabilities – Total Assets

Ans.: Total Assets = Total Liabilities + Equity

Q 6: A business cannot survive for long without

1. Manpower

3. Infrastructure

Q 7: 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?

Q 8: Accountants worldwide use the triple-entry system to record transactions.

Q 9: Transactions are entered into the general journal in chronological order.

Q 10: …………….is a record of all of a business’ existing assets, liabilities, and equity.

Basic Financial Terms Assessments Answer Key

Q 1: What is the primary objective of a business?

1. Make money for investors by providing goods or services

2. Make money for retailers by providing goods for services

3. Make money for customers by providing goods or services

4. Make money for employees by providing goods or services

Ans.: Make money for investors by providing goods or services

Q 2: What are the key inputs of business?

4. All of the above

Ans.: All of the above

Q3: What is the output of the business?

2. Services

3. Both of the above

Ans.: Both of the above

Q 4: What are the different forms of business?

1. Sole proprietorship, Friendship, Corporations

2. Sole proprietorship, Partnership, Corporations

3. Sole proprietorship, Partnership, Commemoration

4. Sole presidentship, Partnership, Commemoration

Ans.: Sole proprietorship, Partnership, Corporations

Q 5: What is a Sole proprietorship?

1. A single owner who is also usually responsible for the day-to-day running of the business

2. A single employee who is also usually responsible for the day-to-day running of the business

3. A single retailer is also usually responsible for the day-to-day running of the

4. A single partner who s also usually responsible for the day to day running of the business

Ans.: A single owner who is also usually responsible for the day-to-day running of the business

Q 6: ………. has multiple owners or partners, some of whom are also usually responsible for the day-to-day running of the business.

1. Friendship

2. Presidentship

3. Partnership

4. Corporations

Ans.: Partnership

Q 7: What is a corporation?

1. A separate legal entity with a large number of owners

2. A separate illegal entity with a large number of owners

3. Multiple owners or partners, some of who are also usually responsible for the day-to-day running of the business

Ans.: Multiple owners or partners, some of whom are also usually responsible for the day-to-day running of the business

Q 8: Identify a non-example of accounting? How much value in rupees of goods or services has the business sold

1. List of investments in land, facilities, buildings, etc.

2. the business made

3. Costs the business incurred.

4. List and details of favorite customers

Ans.: List and details of favorite customers

Q 9: …is about planning for the uncertain future and deciding what kind of investments should the business make.

2. Governance

3. Maintenance

4. Dominance

Ans.: Finance

Q 10: Lis away 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.

1. Liabilities

Ans.: Equity

Accounting and Business Reporting Assessments Answer Key

Q 1: Balance Sheet divided into 2 parts

1. Assets & Liabilities

2. Equity & Liabilities

3.Equity & Assets

4. None of them are correct.

Ans.: Assets & Liabilities

Q 2: sheet represents the financial position of a business as of a particular date, typically at the end of a quarter or financial year.

1. Statement of cash flows

2.Profit & loss (P&L) statement

3. Balance sheet

4. Ledger Sheet

Ans.: Balance sheet

Q 3: Inventories is the value of raw materials held, work-in process, and finished good held by the business.

Q 4: Both assets and liabilities are classified as current and non-current.

Q 5: ………………are those assets that are expected to be sold or converted to cash or consumed within one year.

1. Current Assets

2. Current Liabilities

3. Non-current Assets

4. Non – current Liabilities

Ans.: Current Assets

Q 6: Non-current assets include………………… which typically last for more than one year.

1. Plant, property, and establishment

2. plant, property, and equipment

3. Penchant, property, equipment

4. Plant, property, experiment

Ans.: plant, property, and equipment

Q 7: What are the common types of current assets?

1. Cash, Inventories, Deliverables, Long-term loans, and advances.

2. Tangible assets, Intangible assets, Non-current investments

3. Cash, Inventories, Intangible assets, Non-current investments

4. Cash, Inventories, Receivables, Short-term loans and advances

Ans.: Cash, Inventories, Receivables, Short-term loans and advances

Q 8: ………….. is the value of raw materials held, work-in-process, and finished by the good held by the business.

2. Revenues

3. Debentures

Ans.: Debentures

Q 9: Any income or profit not paid out to shareholders is Called………………………………

1. Retained earnings

Ans.: Retained earnings

Q 10: This is also called an income statement.

2. Profit and Loss Statement

4. General Journal.

Ans.: Profit and Loss Statement.

Marketing Education Handling Qs Concerns Assessments Ans. Key

Q 1: A trusted adviser promotes a product aggressively to the customer

Q 2: How to become a trusted adviser?

1. Understand the concerns of the customer.

2. Peddle/promote the product.

Q 3: Service promise is the assurance given to the customer about in-time delivery of assured………………… and…………….of product.

1. Integrity and Certainty

2. Sincerity and Specialty

3. Quantity and Quality

4. Variety and Guaranty

Ans.: Quantity and Quality

Q 4: Delivering what customer wants are one of the constituents of a service promise.

Q 5: Why should we identify customer needs?

1. The motive driving the customer to purchase an item is a need for it.

2. Ensures customer satisfaction and loyalty,

Q 6: The innovation of products based on customer needs is value for the business.

Q 7: Active Listening is one of the client reactions to a typical sales pitch

Q 8: Select the correct structures of a good sales pitch?

1. Hook and Objective.

2. Rook and Objective.

3. Rook and Subjective.

4. Nook and Subjective.

Ans.: Hook and Objective.

Q 9: Hearing is the same as listening.

Q 10: Listening for enjoyment is called as

1. Appreciative Listening

2. Articulative Listening

3. Inspirational Listening

4. Empathetic Listening

Ans.: Appreciative Listening

Marketing Education Value Assessments Answer Key

Q 1: Why is a customer purchasing from a particular store?

1. Because the customer values the AC you provide inside the shop.

2. Because the customer values the product or service the shop provides.

3. Because the customer values the friendship with the shop’s owner.

Ans.: Because the customer values the product or service the shop provides

Q 2: Value is what the shop/store provides to the customer. (like services of a shop or features of a product)

Q 3: Select the correct statement.

1. Value is customer-defined.

2. Value is consultant defined.

3. Value is salesman defined.

4. Value is businessman defined.

Ans.: Value is customer-defined.

Q 4: Select the correct statement.

1. Value depends on the features or services provided by the store.

2. Value depends on the features or services sold by the salesman.

3. Value depends on the features or services discounted by the store’s owner.

4. Value depends on the features or services consumed by the customer.

Ans.: Value depends on the features or services consumed by the customer.

Q 5: Where does the value reside?

1. In the salesman’s mind.

2. At the POC of the store.

3. In the customer’s mind.

4. In the store’s owner’s mind.

Ans.: In the customer’s mind.

Q 6: Value can be defined in terms of…………………..perspective as well, as based on…………………..

1. Customer, cost

2. Newcomer, price

3. Customer, price

4. Newcomer, cost

Ans.: Customer, price

Q 7: ………………………..everyone competes on price as no one is exploring how they can differently adding value to customers…

1. Digitization

2. Commoditization

3. Privatization

4. Capitalization

Ans.: Commoditization

Q 8: What is the advantage of adopting a value perspective?

1. Helping the customer understands how and how much they benefit.

2. Then asking for a share of that benefit.

3. Ability to justify pricing or even price at a premium.

Q 9: According to the Value Framework for Entrepreneurs, select the best statement below.

1. Value Creation → Value Delivery → Value Capture.

2. Value Capture → Value Creation → Value Delivery

3. Value Creation → Value Capture → Value Delivery.

4. Value Delivery → value Creation → Value Capture

Ans.: Value Creation → Value Delivery → Value Capture.

Q 10: Why is a customer purchasing from a particular store?

4. All of The Above

Ans.: Because the customer values the product or service the shop provides.

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Last Updated on May 16, 2024 by Digi Team

CSC Mock Test 2024 | TEC Final Exam Question Papers PDF

Practice free online CSC sample mock test live demo: Download TEC solved model exam PDF papers with previous years' questions with answers key.

What is CSC TEC Exam 2024?

The Common Services Centre (CSC) academy has introduced the Telecentre Entrepreneur course (TEC) certification program compulsory for all persons who want to become Village Level Entrepreneur (VLE). Read this article for detailed information.

CSC TEC Examination Syllabus 2024

What is csc tec mock test.

CSC Mock Tests are model tests for the online practice of the CSC exam. This helps students create a better exam preparation strategy. If you treat CSC mock tests as actual tests, you will perform well in the actual CSC exam as well. So instead of just rote learning concepts, practice CSC mock tests to measure your strengths and weakness. CSC mocks will help you in developing an effective study strategy.

As per the new exam pattern, it is necessary to include CSC practice tests in your preparation strategy. We, at Testmocks, have designed CSC mock test series that will provide you with in-depth coverage of the latest syllabus.

Benefits/Advantages of Taking CSC TEC mock tests?

Practice of online mock tests is important for candidates appearing in the upcoming CSC exam. Our mock tests are prepared by experienced teachers. CSC mock test is similar to the real exam and helps students assess their preparation.

By practicing free online CSC mock tests, you get a fair idea about the real test pattern and reduce pre-exam anxiety. CSC mock tests are important because of the time-bound practice they provide. CSC Multiple attempts of CSC mock test will help you revise the entire syllabus. CSC mock tests help you remember basic concepts and perform better in the actual exams. CSC Mock tests provide the scope of the question paper. CSC Mock tests improve your time management skill.

Attempting multiple mock tests helps students revise the entire CSC exam syllabus. This way they memorize concepts and perform well in the CSC exam. Mock tests make students familiar with the style and scope of the CSC question paper.

Why Practice CSC TEC Online Tests?

• Take new CSC tests : Online mock tests based on actual CSC exam paper.
• Community-driven : Created by top-notch CSC faculties.
• Comprehensive preparation tool : Our CSC mock test series allow you to analyse your progress.
• View CSC score : After practicing our online CSC tests, you can check your score and view answer key with explanations.
• Free to use : We try to help candidates with our free CSC mock tests.

Unique Features of Online CSC TEC Test Series

• Practice online tests including objective questions from old CSC papers.
• Solve free online model exam papers based on latest syllabus.
• Take CSC mock tests based on real exam pttern.

CSC TEC Exam 2024 FAQs

Common service centres in india for csc tec exam 2024.

TEC Question and Answer PDF Download

TEC Question and Answer: The TeleCentre Entrepreneur Course (TEC) is a program designed to assist Village Level Entrepreneurs (VLE) in becoming certified CSC VLE. Through the course, participants can obtain a certificate from the Common Service Centre academy. The primary goal of TEC is to educate VLEs and citizens about the various government services available through Common Services Centers, and to provide them with the necessary certification to become legitimate providers.

Tec Question and Answer PDF

Tec exam pdf – final exam questions and answers.

The TEC Final Exam consists of 50 multiple choice questions, with a passing mark of 50%. There is no negative marking for incorrect answers. The exam is held from 10 AM to 5 PM, Monday to Saturday, and a PDF version of the TEC Exam Question Paper is available.

https://cscentrepreneur.in/

The 10 modules of the TEC Exam.

The CSC conducts the TEC exam in a total of 10 modules and each module contains 10 marks. Here we will provide the TEC Exam Questions and Answers module-wise so that it will be easy for you to give the test.

• Entrepreneurship
• Entrepreneurship and Entrepreneurial Character
• Identifying Business Opportunities
• Understanding Cost Structure
• Long Term Orientation
• Recording Business Transactions
• Basic Financial Terms
• Accounting and Business Reporting
• Marketing Education-Handling Questions & Concerns
• Marketing Education Value.

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Last Updated on May 8, 2023 7:32 PM by Editor

TEC Exam PDF 2024 | TEC Final Questions and Answers 2024

Get ready to ace your CSC TEC final exam with TEC Exam PDF 2024. This PDF consists of 250 exactly the same questions that are asked in your TEC Online Exam 2023. TEC Exam PDF 2024 , TEC Final Questions and Answers 2024, csc tec exam, tec final exam pdf, tec exam questions, csc tec exam questions and answers, tec final exam questions and answers, csc tec exam questions and answers pdf, tec exam answer key, csc tec helpline number, csc tec final exam, tec certificate csc fees, tec exam pdf in hindi, tec certificate for csc.

Dear Friends, if you are searching for CSC TEC Exam PDF 2024 . Then you are in the right place at tecexam.com. Here we are providing the csc tec exam questions and answers along with pdf. That will definitely help you in passing the tec exam and earning a tec certificate.

TEC Exam PDF 2024 www.cscentrepreneur.in

CSC TEC Exam PDF 2024 will help you clear the TEC Final Exam on 1st attempt. Because the PDF is updated with the latest tec final exam questions and answers. So, it surely helps you qualify for the CSC tec exam 2024.

The government has confirmed that the TEC Certificate is necessary to apply for Common Service Centres (CSC) in India. If you are one of those who are looking to apply for CSC through https://csc.gov.in. Then you must obtain a TEC Certificate from www.cscentrepreneur.in. Here are full details about TEC Exam PDF 2024 and TEC Final Questions and Answers 2024.

How to get TEC Certificate 2024

Friends, getting the csc tec certificate in 2024 is not much easy and also not tougher. If you follow the steps given below, you can get tec certificate 2024 for common service centers from www.cscentrepreneur.in.

Here are the steps:

• First, you have to register for Telecentre Entrepreneur Course (TEC) at www.cscentrepreneur.in
• Fill up the details as per your documents and upload your passport-size photograph.
• Submit the Registration Fee either via UPI, Debit/ Credit Card, or Internet Banking.
• Your user id will be generated and your mobile number will be the password for login.
• Qualify in all 10 assessments and final examinations to get the TEC Certificate.

TEC (Telecentre Entrepreneur Course) Final Exam Details

Before appearing in the TEC Final Exam 2024, you must know about exam details. As we are providing here:

• Total Number of Questions in TEC Final Exam: 50
• Passing Marks in Final Exam: 50% (25 Questions)
• Type of Questions: Objective Type
• Negative Marking: No
• Exam Mode: Online
• Exam Timing: Monday to Saturday (10:00 AM to 05:00 PM)

TEC Final Questions and Answers 2024 PDF

CSC Academy created Telecentre Entrepreneur Course (TEC). It is a certification course that help and facilitates citizens to access computers, the Internet, and other digital technologies. It is a necessary course for those who want to open Common Service Centres (Digital Centres) in India. Download Here TEC Final Questions Answers.

• Starting a new type of restaurant in the city
• All of The Above
• Yes, it does
• Best Alternative to a Negotiated Agreement
• None of the above
• All of the above
• Customer, Contribution or a Propriety Technology
• TRUE ( सही )
• Indirect Cost
• Expired Cost
• Optimistic Nature
• Both are Correct

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Questions and Answers PDF

TEC Assessment Answers 2022 (CSC)

CSC or Common Services Centre is a service, offered by Government of India to offer all government services under a single center, which may be a cyber cafe or internet cafe. This comes under Ministry of Electronics and Information Technology. The services on boom because of Digital India initiative, offering almost every services online, without visiting respective government offices. This saves alot time and generates job for many youth.

To get an certificate under this scheme, the candidate needs to clear 10 assignments (TEC exam by CSC), followed by a final examination. Without having TEC certificate, anyone can’t open a CSC( Common Cervices Center) in India.

The sample answers/ answer key for all the questions and their answer is given below.

Entrepreneurship Assessment Answer Key

Question 1:  Starting up a new venture with a new idea is called entrepreneurship.

Answer:  True

Question 2:  Entrepreneurship is an opportunity to create wealth

Question 3:  Which of these is example of entrepreneurship?

• Starting up a business based on an old idea, existing business module, and less risk.
• Teaching in an IIT/MBBS coaching institute.
• Starting up a business based on a new app/software, with high risk.
• None of the above

Answer:  Starting up a business based on an old idea, existing business module, and less risk.

Question 4:  Which of these is an example of entrepreneurship?

• Starting up a new type of restaurant in a city.
• Working in a call center/BPO.
• Teaching mathematics in a coaching center.
• Managing and completing tasks given by the boss in a company.

Answer:  Starting up a new type of restaurant in a city.

Chandra Shekhar Azad Information

Question 5:  An entrepreneur is one who involved in a FEW of these activities – managing, organizing, innovating, assuming risks,etc.

Question 6:  An entrepreneur does the following activities – managing, organizing and makes all the decisions by himself.

Question 7:  An entrepreneur is a person who takes less risk, avoids experimentation.

Answer:  False

Question 8:  A successful entrepreneur can become rich very fast.

Question 9:  All people who start up a business based on a new idea are always successful.

Question 10:  92 % of the startups are successful within the first 3 years of starting?

Entrepreneurship and Entrepreneurial Character Assessments Answer Key

Question 1:  Does entrepreneurship involve………………………..?

• Managing responsibilities
• Organizing tasks
• Evaluating risks in the new venture.
• All of the above.

Answer:  All of the above.

Question 2:  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.

Question 3:  Building a business takes time than it takes to generate the idea for the business o

• Can Not Say

Answer:  Longer

Question 4:  Entrepreneurs should not be greedy to grow big, as this needs patience as well.

Question 5:  Entrepreneurs need to have to be successful.

Answer:  Patience

Question 6:  ………………………is the specific tool of entrepreneurship?

• Experimentation

Answer:  Innovation

Question 7:  Entrepreneurs need membership in physical communities where ideas can be shared and shaped.

Answer:  True

Question 8:  How to inspire and create entrepreneurial leaders within the organizations?

• Develop entrepreneurial ecosystems inside organizations to promote entrepreneurial activity as a mainstream, strategic activity
• Promote employees often
• Both are correct
• None of them are correct

Answer:   Both Are Correct

Question 9:  Organizations are not entrepreneurial but people are entrepreneurial.

Question 10:  Entrepreneuring framed as intentional iteration creates

• A mindset that is prepared.
• Expects multiple challenges.
• Both are correct.
• None are correct.

Answer:  Both are correct.

Identifying Business Opportunities Assessments Answer Key

Question 1:  An idea is defined as the content of cognition.

Question 2:  Is every idea a possible opportunity?

Question 3:  How to identify whether an idea is a opportunity or not?

• An idea needs to bevaluable
• An idea needs to fulfill the need of acustomer.
• Neither is correct

Answer:   Both are correct.

Question 4:  Why do we need to evaluate an idea?

• To know whether customers will buy the end product of an idea
• To know whether the entrepreneur will make profits out of an idea
• To know whether the entrepreneur can make a valuable product out of an idea.

Answer:  To know whether customers will buy the end product of an idea

Question 5:  Successful entrepreneurship requires the ability to balance technical knowledge and market knowledge

Question 6:  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?

• The electrician did not have any technical knowledge about how to run a grocery store.
• The electrician did not realize that they were already three successful grocery stores in his area and there was no need for another one in his area.
• Neither is correct.

Answer:   Both are correct

Question 7:  Cash flows simply put is the difference between the cash that flows in and cash that flows out

Question 8:  Upfront capital and R& D requirement costs should be high while evaluating whether an idea is an opportunity or not.

Answer:  False

Question 9:  The market should be large and growing while evaluating whether an idea is an opportunity or not.

Question 10:  The venture/business should be of high strategic value to a potential acquirer.

Understanding Cost Structures Assessments Answer Key

Question 1:  ………………….. is the monetary value of resources, like material, labor and overheads, used in the making of a product or delivery of a service.

• Receivables
• Inventories

Answer:  Cost

Question 2:  Direct vs indirect costs are based their association with different cost objects.

Question 3:  Costs that do not vary in the short term, regardless of changes in output levels, are called costs.

• Direct Cost
• Indirect Cost
• Expired to a

Answer:  Direct Cost

Question 4:  Retail companies like Reliance Fresh, D-Mart, Big Bazaar have of conversion.

• Low to Medium
• Medium to High
• Low to High
• High to Medium

Answer:  Low To High

TEC Exam Answer Key 2022

Question 5:  the key determinants of the cost of goods sold (COGS), which appears on the P&L

• Expired Cost
• Product Cost

Answer:  Product Cost

Question 6:  is the cost of any material directly used in the production of the output.

• Direct Material Cost
• Unexpired Costs

Question 7:  cost includes salaries, bonuses, insurance, pension benefits, earned leave paid to the individuals involved.

• Direct Labor Cost

Answer:  Surplus

Question 8: Cost allocation is a method through which a business allocates or distributes an indirect cost across various cost objects.

Question 9:  Costs that vary with the output levels are called variable costs.

• Variable Cost

Answer:  Direct Material Cost

Question 10:  …………….costs are those that have been completely consumed or the benefits from which have been received by the business.

• Expired Costs
• Direct Costs
• Indirect Costs

Answer:  Unexpired Costs

Long term orientation Assessments Answer Key

Question 1:  What are the characteristics or traits of a successful entrepreneur? Select the best option.

• Risk – Taker.
• Goal – Oriented
• Thrive on uncertainty.

Question 2:  What is not a characteristics/trait of a successful entrepreneur?

• Good communication skills
• To have strong technical knowledge
• Quits halfway when the situation becomes difficult
• Solves a problem with a unique and creative solution.

Answer:  Quits halfway when the situation becomes difficult

Question 3:  Entrepreneurs are always looking for new ways of doing things and how they can make them better. Which trait is being discussed here?

• Optimistic Nature
• Consistency

Answer:  Creativity

Question 4:  Entrepreneurs effectively sell their product or service to clients and customers. Which trait is being discussed here?

• Goal oriented
• Communication Skills

Answer:  Communication Skills

Question 5:  Entrepreneurs don’t let uncertainty and potential failure stop them from doing what needs to be done. Which trait is being discussed here?

• Strong Technical Knowledge
• Risk-Taker.

Answer:  Risk-Taker.

tec exam questions and answers 2022

Question 6:  is the ability to evaluate, assimilate and exploit knowledge.

• Additive Capacity
• Assimilative Capacity
• Absorptive Capacity
• Attritive Capacity

Answer:  Assimilative Capacity

Question 7:  Absorptive Capacity comes from prior, related knowledge to be able to make sense of, recognize the value of, and use new information.

Question 8:  Why is it important to have prior knowledge or relatable expertise to become a successful entrepreneur?

• Prior knowledge contributes to expectation formation
• Helps to make decisions like whether to invest in the idea or not.
• Prior knowledge does not help much, it is not required to become a successful entrepreneur.
• Both A and B

Answer:  Both A and B

Question 9:  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.

• He was not a risk taker
• He was not a goal- oriented.
• He did not have prior knowledge of how to run a restaurant.
• None of the above.

Answer:  He did not have prior knowledge of how to run a restaurant.

Question 10:  A knowledgeable cook opened a South-Indian Restaurant in Chennai. But the business was not running smoothly and later on he had to close it. What went wrong?

• He did not have technical knowledge
• They were too many competitors and he was not creative in the menu to attract customers.

Recording Business Transactions Assessments Answer Key

Question 1:  …………….is a record of all of a business’ existing assets, liabilities and equity.

• Profit and Loss Statement
• Statement of Cash Flow
• Balance Sheet
• General Journal

Answer:  Balance Sheet

Question 2:  What are three financial sheets that used to record and report a business?

• Balance Sheet, General Journal, Profit and Loss Statement
• Balance Sheet, Statement of Cash Flow, Ledger Account
• Statement of Cash Flow, General Journal, Ledger Account
• Statement of Cash Flow, Balance Sheet, Profit, and Loss Statement

Answer:  Statement of Cash Flow, Balance Sheet, Profit, and Loss Statement

Question 3:  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.

Question 4:  Equity and liabilities come first in a balance sheet, followed by assets.

Question 5:  Select the correct equation

• Total Assets = Total Liabilities + Equity
• Total Liabilities = Total Assets + Equity
• Total Equity = Total Assets + Total
• Total Equity = Total Liabilities – Total Assets

Answer:  Total Assets = Total Liabilities + Equity

Question 6:  A business cannot survive for long without

• Infrastructure

Answer:  Cash

Question 7:  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?

Answer:  0

Question 8:  Accountants worldwide use the triple-entry system to record transactions.

Question 9:  Transactions are entered into the general journal in chronological order.

Question 10:  …………….is a record of all of a business’ existing assets, liabilities and equity.

Answer:  Balance Sheet

Basic Financial Terms Assessments Answer Key

Question 1:  What is the primary objective of a business?

• Make money for investors by providing goods or services
• Make money for retailers by providing goods for services
• Make money for customers by providing goods or services
• Make money for employees by providing goods or services

Answer:  Make money for investors by providing goods or services

Question 2:  What are the key inputs of business?

• Capital qui
• All of the above

Answer:  All of the above

Question3:  What is the output of the business?

• Both of the above

Answer:  Both of the above

Question 4:  What are the different forms of business?

• Sole proprietorship, Friendship, Corporations
• Sole proprietorship, Partnership, Corporations
• Sole proprietorship, Partnership, Commemoration
• Sole presidentship, Partnership, Commemoration

Answer:  Sole proprietorship, Partnership, Corporations

Question 5:  What is a Sole proprietorship?

• A single owner who is also usually responsible for the day-to-day running of the business
• A single employee who is also usually responsible for the day-to-day running of the business
• A single retailer is also usually responsible for the day-today running of the
• A single partner who s also usually responsible for the day to day running of the business

Answer:  A single owner who is also usually responsible for the day-to-day running of the business

Question 6:  ………. has multiple owners or partners, some of whom are also usually responsible for the day-to-day running of the business.

• Presidentship
• Partnership
• Corporations

Answer:  Partnership

Question 7:  What is a corporation?

• A separate legal entity with a large number of owners
• A separate illegalentity with a large number of owners
• Multiple owners or partners, some of whom are also usually responsible for the day-to-day running of the business

Answer:  Multiple owners or partners, some of whom are also usually responsible for the day-to-day running of the business

Question 8:  Identify a non-example of accounting? How much value in rupees of goods or services has the business sold

• List of investments in land, facilities, buildings, etc.
• the business made
• Costs the business incurred.
• List and details of favorite customers

Answer:  List and details of favorite customers

Question 9:  …is about planning for the uncertain future and deciding what kind of investments should the business make.

• Maintenance

Answer:  Finance

Question 10:  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.

• Liabilities

Answer:  Equity

Accounting and Business Reporting Assessments Answer Key

Question 1:  Balance Sheet divided into 2 parts

• Assests & Liabilities
• Equity & Liabilities
• Equity & Assests
• None of them are correct.

Answer:  Assests & Liabilities

Question 2:  sheet represents the financial position of a business as of a particular date, typically at the end of a quarter or financial year.

• Statement of cash flows
• Profit & loss (P&L) statement
• Balance sheet
• Ledger Sheet

Answer:  Balance sheet

Question 3:  Inventories is the value of raw materials held, work-inprocess and finished good held by the business.

Question 4:  Both assets and liabilities are classified as current and non-current.

Question 5:  ………………are those assets that are expected to be sold or converted to cash or consumed within one year.

• Current Assets
• Current Liabilities
• Non-current Assets
• Non – current Liabilities

Answer:  Current Assets

Question 6:  Non-current assets include………………… which typically last for more than one year.

• Plant, property and establishment
• plant, property and equipment
• Penchant, property equipment
• Plant, property, experiment

Answer:  plant, property and equipment

Question 7:  What are the common types of current assets?

• Cash, Inventories, Deliverables, Long-term loans, and advances.
• Tangible assets, Intangible assets, Non-current investments
• Cash, Inventories, Intangible assets, Non-current investments
• Cash, Inventories, Receivables, Short-term loans and advances

Answer:  Cash, Inventories, Receivables, Short-term loans and advances

Question 8:  ………….. is the value of raw materials held, work-in-process and finished by the good held by the business.

Answer:  Debentures

Question 9:  Any income or profit not paid out to shareholders is Called………………………………

• Retained earnings

Answer:  Retained earnings

Question 10:  is also called income statement.

• General Journal.

Answer:  Profit and Loss Statement.

Marketing Education Handling Questions Concerns Assessments Answer Key

Question 1:  A trusted adviser promotes a product aggressively to the customer

Question 2:  How to become a trusted adviser?

• Understand the concerns of the customer.
• Peddle/promote the product.

Question 3:  Service promise is the assurance given to the customer about in time delivery of assured………………… and…………….of product.

• Integrity and Certainty
• Sincerity and Specialty
• Quantity and Quality
• Variety and Guaranty

Answer:  Quantity and Quality

Question 4:  Delivering what customer wants is one of the constituents of a service promise.

Question 5:  Why should we identify customer needs?

• The motive driving the customer to purchase an item is the need for it.
• Ensures customer satisfaction and loyalty,

Question 6:  The innovation of products based on customer needs is value for the business.

Question 7:  Active Listening is one of the client reactions to a typical sales pitch

Question 8:  Select the correct structures of a good sales pitch?

• Hook and Objective.
• Rook and Objective.
• Rook and Subjective.
• Nook and Subjective.

Answer:  Hook and Objective.

Question 9:  Hearing is the same as listening.

Question 10:  Listening for enjoyment is called as

• Appreciative Listening
• Articulative Listening
• Inspirational Listening
• Empathetic Listening

Answer:  Appreciative Listening

Marketing Education Value Assessments Answer Key

Question 1:  Why is a customer purchasing from a particular store?

• Because the customer values the ACyou provide inside the shop.
• Because the customer values the product or service the shop provides.
• Because the customer values the friendship with the shop’s owner.

Answer:  Because the customer values the product or service the shop provides

Question 2:  Value is what the shop/store provides to the customer. (like services of a shop or features of a product)

Question 3:  Select the correct statement.

• Value is customer defined.
• Value is consultant defined.
• Value is salesman defined.
• Value is businessman defined.

Answer:  Value is customer defined.

Question 4:  Select the correct statement.

• Value depends on the features or services provided by the store.
• Value depends on the features or services sold by the salesman.
• Value depends on the features or services discounted by the store’s owner.
• Value depends on the features or services consumed by the customer.

Answer:  Value depends on the features or services consumed by the customer.

Question 5:  Where does the value reside?

• In the salesman’s mind.
• At the POC of the store.
• In the customer’s mind.
• In the store’s owner mind.

Answer:  In the customer’s mind.

Question 6:  Value can be defined in terms of…………………..perspective as well as based on…………………..

• Customer, cost
• Newcomer, price
• Customer, price
• Newcomer, cost

Answer:  Customer, price

Question 7:  ………………………..everyone competes on price as no one is exploring how they are able to differently adding value to customer..

• Digitization
• Commoditization
• Privitization
• Capitalization

Answer:  Commoditization

Question 8:  What is the advantage of adopting a value perspective?

• Helping the customer understand how and how much they benefit.
• Then asking for a share of that benefit.
• Ability to justify pricing or even price at a premium.

Question 9:  According to the Value Framework for Entrepreneurs, select the best statement below.

• Value Creation → Value Delivery → Value Capture.
• Value Capture → Value Creation → Value Delivery
• Value Creation → Value Capture → Value Delivery.
• Value Delivery → value Creation → Value Capture

Answer:  Value Creation → Value Delivery → Value Capture.

Question 10:  Why is a customer purchasing from a particular store?

• All of The Above

Answer:  Because the customer values the product or service the shop provides.

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CSC TEC Exam latest answer key 2024

CSC: Common Service center was announced in the year of 2006 funding and implement ion by public private partnership (PPP). It is an information and communication technology(ICT) created under National e-Governance Project of the Indian government. Main motive of this project is to provide most common services from govt or private organization to the rural citizens. VLE create kiosk center with computers, Printer, Internet connection etc. to provide offered services to citizens. Here you will find CSC TEC latest answer key.

Table of contents

What is key benefit of csc vle’s, important links, documents required for csc registration, three way to apply for a csc id, tec examination answer key, tec final exam prerequisite, tec final examination mock test, addition resources you may need, probable tec final answer key sample, probable tec final exam sample questions, csc tec examination faq’s.

CSC provide many services through Village Level Entrepreneur’s . VLE’s got an Identity in local area as entrepreneur and earn sustainable earning from its services.

How to Get CSC ID?

To get CSC ID you need to apply from official CSC Registration site mentioned above. Now you have to chose any one option prescribed by CSC authority. Follow this guideline and get your CSC ID.

• TEC Certificate No / SHG Code / RDD Code.
• Aadhar Card With Email & Mobile No Link ( Else bio-metric device Morpho )
• Passport Photo
• Cancelled Cheque / Bank Passbook

To apply you need any one valid certificate mention below. IN case of SHG group, Your group need to be white listed.

• TEC CERTIFICATE NUMBER ( You have to complete 10 assessments & Final Examination)
• SHG COD E ( collect it from your known SHG member)
• RDD CODE ( You have to communicate your known Rural Development Authority)
• CSC_EMPLOYEE

How to get TEC Certificate

• To avail TEC certificate register yourself visit cscentrepreneur.in
• Under Certificate Course in Entrepreneurship (CCE) click on Register
• Enter details- Name, Mobile, Email, Father Name, State, District, Address, DOB, Upload your Photograph.
• Submit required fee amount (1479 Rupees). ( Pay online via Credit / Debit / Net Banking )
• Your User ID and password (default mobile number) will be generated.
• You have to complete 10 assessments & Final Examination

Login with your Credential ( TEC registration number and password ). Here you have to take training using PDF and given video lectures. Then complete 10 assessments-

• Total number of questions in the final exam: 50 questions.
• Type of questions: Multiple Choice.
• Pass percentage: 50%
• Timings for final online exams: 10:00 am to 05:00 pm (Monday to Saturday)
• Minimum system requirements for online and remote proctored exam
• Windows 10 OS with Ram 4 GB
• Web cam integrated or external
• Internet connectivity with 1 Mbps speed
• Sitting Room with minimum disturbance and Good light quality.

Here you will get the exam environment and questions and answers for practice purpose. You will get most common questions which will sure help you to get CSC TEC certificate. Which is essential for CSC ID.

• CSC Registration Help: Successful Registration Process for CSC ID
• How to solve CSC registration pending issue: Apply to solve CSC ID pending issue .
• You can also start CSP to enhance your income: SBI bank CSP | Spice money CSP | Fino Payment Bank
• How to develop more earning beside CSC: New business Idea you can start
• If you need personal or business loan: Finance help to develop CSC or CSP center
• E-SHRAM registration- eshram online registration

If you want latest answer key full set, Then see below video sample of 2021 and subscribe this channel. Comment here or send us your name we will send you full latest exam set.

• Entrepreneurship is Opportunity to Create Wealth • True ( सही )
• A Successful entrepreneur Can Become Rich Very Fast • True ( सही )
• Which of These an Example of entrepreneurship? • Starting a new type of restaurant in city
• All People Who Start up a Business Based on a new idea are always successful? • false ( गलत ) 5- Who Among These is a Successful Indian Entrepreneur • All of The Above ( ऊपर क सभी)
• Organization are not entrepreneurial but people are entrepreneurial • True ( सही )
• Does Entrepreneurship Create Job • Yes, it does ( हा यह करता ह )
• ………………………….. is the spefic tool of entreneurship (………………………. उधीमिता का विशिष्ट उपकरण है ) • Experiment ( प्रयोग )
• Which of these is the correct expansion of BATNA • Best Alternative to a Negotitated Agreement ( समझौता समझौते के लिए सबसे अच्छा विकल्प )
• Entrepeneur need to have……………. To be successful • Patience ( धीरज )
• What are the factors to consider while evaluating whether an idea is an opportunity or not with respect to economics • None of the above ( इनमेस कोई नही )
• Cash flow simply put is the difference between the cash that flows in and cash tha flows out • TRUE ( सही )
• Why do we need to evaluate an idea • All of the above ( ऊपर क सभी )
• Strategic value come from having important……………… …………. or a…. ……… technology that has strategic value to an incumbent in an industry • Customer, Contribution or a Propriety Technology ( ग्राहक, योगदान या एक स्त्वममत्य प्रौद्योगगकी )
• Many times technology start-ups that have accumulated losses and modest sales get acquired for many times they are worth • TRUE ( सही )
• Direct Labour Cost includes of salaries of executive, Salesperson, commission paid to the sales team, advertising,utilites paid for the administrative building. • TRUE ( सही )
• …………………………….The key determination of the cost of goods sold (COGS) which appears on the P&L statement • Indirect Cost ( अप्रत्यक्ष लागत )
• Direct Material Cost are high or significant for service company like Infosys , wipro, state bank of india, ICICI BANK, etc

• TRUE ( सही )

• ………………………. is the cost of any material directly used inthe production of the output • Expired Cost ( खच की लागत)
• All expenses on the P&L statement represent expired cost where asset on the balance sheet represent unexpired cost • TRUE ( सही )
• Entrepreneurs effectively sell their products of service to clients and customer which trait is being discussed here • Optimistic Nature (आशावादी प्रकृति)
• A software engineer wants to open an online app which can easily connect customers with doctors in the city. also help patients to book appointments and share reports with other doctors for second opinions. What should he do? • All of the above ( ऊपर क सभी )
• Absorptive Capacity comes from prior , related knowledge to be able to make sense recognize the value of ,and use new information . • TRUE ( सही )
• What is the role of weak tie ( कमजोर टाई की भूमिका क्या है ) • Both are Correct ( दोनों सही ह )
• Entrepreneurs are always looking for anew ways of doing things and how they can make them better. Which trail is being discussed here? • Creativity ( रचनात्मक )
• The profit and loss statement records all transaction on an accrual basis • TRUE ( सही )
• What is real Account ( एक वास्तविक खाता क्या है) • None of them are correct ( उनमेस कोई भी सही नही ह )
• Normal Accounts are those accounts that consist of expenses, losses, incomes, and profits • False ( असत्य )

Ans. After CSC application it may take 3 days to more than a year.

Ans. You can retake your TEC final examination if your score is not up to the mark.

Ans- You have to retake your examination from beginning.

To rectify your details you need to send email or contact to CSC customer care.

You can check your application status in CSC official site using your application reference number.

To modify any TEC registration details, You should call respective person whose numbers are given in TEC official website.

NO. It is not sure. there is huge communication gap until you receive a valid CSC ID.

You can surely meet your DM. First make a call and take an appointment.

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18 thoughts on “csc tec exam latest answer key 2024”.

“All People Who Start up a Business Based on a new idea are always successful?” I think it will be “FALSE” but you provide me as a answer is “TRUE”. Please check. Very helpful this “Mock Test”. Thanks.

mene final exam de dia thaa jab submit kia tho software hang ho gya or jab dubara se login kia tho likha aa rha hai ki number of attemps complete ho ge hai, pr mene 1 hi baar dia hai ,ab me kya kru ?? result bhi show nhi ho rha ki me pass hu ya fail

Thanks you helps me to crack exam within 30 min.thanks alot

Sir Mera 2sri baar bhi fail kr dya dosra koy tec exam dai skta hai meri jagah

I WANT TO FULL SET OF CSC Q/A

I have not registered with http://www.cscentrepreneur.in , when i try to register and input my mobile number, it says I am already registered and redirecting me to payment screen. I emailed several emails to tech support but no response, please advise.

How many exams I have to take in order to get the CSC ID and Password

Send full set of Exam details

I have paid the the the amount got TEC Id can I appear for exam after 15 days

I”ll do your payment but not recieved Code and password yet

Trying to appear for final tec test,. But after approval of photo and id card the server is continuously showing just wait your test is getting configured,. And not since today its happening since last 20 days daily I am entering and the result is same atleast for 2 to 3 hours the same command goes on

Try to appear from another PC/LAPTOP. uninstall any remote support/virtualization software from your system.

Send full set of final TEC exam

subscribe the channel you wil get full support there. you will receive. subscribers latest TEC set: https://youtu.be/A-uzOcgzlX4 also practice TEC exam here- http://ysdf.in/mock-csc-tec-examination/

Sir, please send me CSC TEC final exam. questions and answer.

Please send me

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