Institutional Support for Entrepreneurship MCQs With Answer

Institutional Support for Entrepreneurship MCQs With Answer

This quiz collection is designed specifically for M.Pharm students preparing for MIP 204T – Entrepreneurship Management. It covers institutional frameworks, funding mechanisms, intellectual property facilitation, regulatory links, and incubation ecosystems that support pharmaceutical and biotech entrepreneurship in India. Questions focus on practical institutional roles—incubators, accelerators, government schemes (Startup India, BIRAC, DBT), funding agencies (SIDBI, VC, angel investors), technology transfer offices and CROs—so students learn how to navigate resources needed for drug development, clinical trials, patenting and commercialization. Use these MCQs to test and strengthen your applied understanding of the institutional landscape that helps translate pharmaceutical research into viable startups.

Q1. Which institutional facility primarily provides long-term infrastructure, mentoring, and business development support to early-stage pharmaceutical startups to help them move from lab concept to prototype?

• Accelerator
• Technology Business Incubator (TBI)
• Venture Capital Fund
• Contract Research Organization (CRO)

Correct Answer: Technology Business Incubator (TBI)

Q2. Which Indian agency specifically focuses on promoting biotechnology entrepreneurship by providing grants such as BIG (Biotechnology Ignition Grant) and SBIRI?

• Department of Science & Technology (DST)
• Biotechnology Industry Research Assistance Council (BIRAC)
• Small Industries Development Bank of India (SIDBI)
• Central Drugs Standard Control Organization (CDSCO)

Correct Answer: Biotechnology Industry Research Assistance Council (BIRAC)

Q3. For an M.Pharm startup seeking assistance with patent filing and prior-art search, which institutional service is typically housed within universities and research organizations to facilitate IP protection and licensing?

• Technology Transfer Office (TTO)
• Incubation Cafe
• Clinical Trial Registry
• Export Promotion Council

Correct Answer: Technology Transfer Office (TTO)

Q4. Which government recognition provides startups in India with benefits like fast‑track patent processing, tax exemptions and easier compliance under the Startup India initiative?

• CSIR Recognition
• DPIIT (formerly DIPP) Startup Recognition
• Ministry of AYUSH Certification
• STPI Registration

Correct Answer: DPIIT (formerly DIPP) Startup Recognition

Q5. Which institutional actor primarily provides equity funding and active strategic support to high-growth-stage pharmaceutical startups rather than debt-based financing?

• Public Sector Bank
• Venture Capital Fund
• Government Grant Agency
• Export Credit Agency

Correct Answer: Venture Capital Fund

Q6. A small pharma enterprise needs concessional loans and promotional assistance targeted at micro, small and medium enterprises. Which institution in India is best known for such targeted financial/products and also manages startup-oriented funds?

• Life Insurance Corporation (LIC)
• Small Industries Development Bank of India (SIDBI)
• National Stock Exchange (NSE)
• Banks Association of India

Correct Answer: Small Industries Development Bank of India (SIDBI)

Q7. Which organization helps software and IT-enabled startups with export-oriented infrastructure, but can also support health‑tech pharma informatics units through incubation in India?

• STPI (Software Technology Parks of India)
• Pharmexcil
• CSIR-NCL
• FSSAI

Correct Answer: STPI (Software Technology Parks of India)

Q8. For translational biomedical projects seeking mission-mode funding and research partnerships in India, which central department funds translational research and collaborates with BIRAC for industry translation?

• Department of Biotechnology (DBT)
• Ministry of Consumer Affairs
• Indian Council of Medical Research (ICMR)
• Central Pollution Control Board

Correct Answer: Department of Biotechnology (DBT)

Q9. Which entity primarily supports pharmaceutical exporters in India by providing market intelligence, facilitation and trade promotion services specific to drug and allied sectors?

• Pharmexcil (Pharmaceuticals Export Promotion Council)
• SIDBI
• AICTE
• Startup India Hub

Correct Answer: Pharmexcil (Pharmaceuticals Export Promotion Council)

Q10. Which institutional facility is best suited to provide outsourced clinical trial management, regulatory filing support and pharmacovigilance services to a pharma startup seeking rapid regulatory compliance?

• Contract Research Organization (CRO)
• Technology Business Incubator (TBI)
• Patent Office TISC
• Export Promotion Council

Correct Answer: Contract Research Organization (CRO)

Q11. Which scheme or instrument by BIRAC is specifically designed to support early-stage proof-of-concept work for biotech innovators and startups?

• SBIRI
• BIG (Biotechnology Ignition Grant)
• GITA
• MSME Cluster Development

Correct Answer: BIG (Biotechnology Ignition Grant)

Q12. If an M.Pharm researcher wants accelerated mentorship, short-term intensive coaching and investor pitch exposure over a few months, which institutional program model should they prefer?

• Incubator (long-term)
• Accelerator (short-term, cohort-based)
• Angel Network
• Government Grant Scheme

Correct Answer: Accelerator (short-term, cohort-based)

Q13. Which government regulator is the principal authority for approval of new drugs, clinical trial oversight and marketing authorization in India, and therefore a critical institutional contact for pharma startups?

• Central Drugs Standard Control Organization (CDSCO)
• Food Safety and Standards Authority of India (FSSAI)
• Pharmexcil
• Department of Biotechnology (DBT)

Correct Answer: Central Drugs Standard Control Organization (CDSCO)

Q14. Which of the following is an appropriate first step for a university spin-out seeking to commercialize a molecule discovered in campus labs?

• File for a provisional patent through the university’s Technology Transfer Office
• Immediately start mass production
• List the company on stock exchange
• Apply for export certificates

Correct Answer: File for a provisional patent through the university’s Technology Transfer Office

Q15. Which financial instrument is typically classified as debt and must be repaid with interest, making it less dilutive to founders compared to equity instruments?

• Venture Capital Equity
• Convertible Note
• Bank Term Loan
• Angel Equity Investment

Correct Answer: Bank Term Loan

Q16. Under Startup India, eligible DPIIT-recognized startups may claim which tax benefit related to profits for a specified period?

• Five-year VAT exemption
• Three-year income tax holiday on profits
• Permanent exemption from customs duty
• Exemption from all state taxes indefinitely

Correct Answer: Three-year income tax holiday on profits

Q17. Which institution commonly partners with incubators to provide specialized laboratory facilities, GLP-compliant testing and instrumentation access for pharma/biotech startups?

• Public Health Center
• Shared Core Facility or Bioincubator Laboratory Park
• Export Promotion Council
• Retail Pharmacy Chain

Correct Answer: Shared Core Facility or Bioincubator Laboratory Park

Q18. For commercialization of a patented drug formulation, which institutional mechanism helps transfer technology from a research institute to industry through licensing agreements?

• Technology Licensing Office / TTO
• Clinical Trial Registry
• MSME Development Institute
• Customs Office

Correct Answer: Technology Licensing Office / TTO

Q19. Which type of institutional investor is most likely to invest small ticket early-stage capital and also provide mentorship and networks, often composed of high-net-worth individuals?

• Private Equity Fund
• Angel Investor / Angel Network
• Development Bank
• Sovereign Wealth Fund

Correct Answer: Angel Investor / Angel Network

Q20. When seeking assistance for international regulatory strategy and CRO-managed multi-center trials, which institutional partner is most appropriate for a pharma startup to engage?

• Incubator Cafeteria
• Contract Research Organization (CRO) with global regulatory expertise
• Local Export Council
• State Tourism Board

Correct Answer: Contract Research Organization (CRO) with global regulatory expertise

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