MCQ on Entrepreneurship:
1. The word Entrepreneur was introduced by_________
(a) Richard Cantillon
(b) Johnson
(c) Jean-Baptiste
(d) Still jobs
Answer: 3
2. The word entrepreneur derived from_______
(1) Entreprena
(2) Enereprise
(3) Entaprena
(4) Entreprendre
Answer: 4
3. Entrepreneurs are motivated by _________.
(1) money.
(2) personal values.
(3) pull influences.
(4) All the above.
Answer: 4
4. What is the purpose of a feasibility study for starting a new venture?
(1) Exploring for potential customers
(2) Estimate sales
(3) To understand if there are any barriers to success
(4) None of the above
Answer: 3
5. What are the qualities of an entrepreneur?
(1) Ability to understand right and wrong and make the right decisions.
(2) Ability to identify the right opportunity and take advantage of it.
(3) Understanding the importance of time and being punctual to work on time.
(4) All of these
Answer: 4
6. First Generation Entrepreneur are_________
(1) who make a company
(2) who make an organisation
(3) who start an industry with innovative idea and skill
(4) none of the above
Answer: 3
7. Who is an entrepreneur ?
(1) An Entrepreneur is an innovator who brings in new ideas to create a successful business venture.
(2) An Entrepreneur is an innovator who brings in duplicate ideas to create a successful business venture.
(3) Both of these
(4) None of these
Answer: 1
8. An entrepreneur who is the owner of more than one business is called:
(1) Portfolio Entrepreneur
(2) Intrapreneur
(3) Corporate Entrepreneur
(4) None of the above
Answer: 1
9. If an entrepreneur takes decisions on behalf of their enterprise, it is known as ______:
(1) Routine decisions
(2) Strategic decisions
(3) Organisational decisions
(4) Personal decisions
Answer: 3
10. What is the aim of entrepreneur__________
(1) to earn profits
(2)solve customer needs innovatively
(3) both a and b
(4) none of the above
Answer: 3
11. Entrepreneurship Development Program is helpful for:
(1) First-generation entrepreneurs
(2) Future generation entrepreneurs
(3) Existing Entrepreneurs
(4) None of the above
Answer: 1
12. Which of these is not a challenge for the entrepreneur?
(1) Managing the cash flow of their business
(2) Recruiting new employees
(3) Choosing the product or service to sell in the market
(4) Formulating rules and regulations relating to conducting entrepreneurship in their country
Answer: 4
13. which are the function of an entrepreneur?
(1) Risk bearing
(2) Innovation
(3) Organizing and managing
(4) all of the above
Answer: 4
14. Which of these is not a type of entrepreneurship?
(1) Small business entrepreneurship
(2) Scalable entrepreneurship
(3) Large scale entrepreneurship
(4) Intrapreneurship
Answer: d
15. Role of an Entrepreneurship in Economic Development_______
(1) Promotes Balanced Regional Development
(2) Encourages Capital Formation
(3) Rural Development and Reduction in Migration
(4) All of the above
Answer: 4
16. An entrepreneur who owns more than one business at a time is called ________
(1) An intrapreneur
(2) A corporate entrepreneur.
(3) A portfolio entrepreneur.
(4) None of the above.
Answer: 3
17. What are the barriers of entrepreneurship?
(1) Finance.
(2) Fear of not to be a success.
(3) No strategic plan in place.
(4) All of these
Answer: 4
18. The central construct in entrepreneurship is_______________
(1) Performance
(2) Opportunity
(3) Structure
(4) Outcomes
Answer: 2