Entrepreneurship Development MCQs with Answers (Multiple Choice Questions)

DNYANSAGAR ARTS AND COMMERCE COLLEGE, BALEWADI, PUNE45

Subject – Entrepreneurship Development (502) Class : TYBBA (2013 Pattern)

PROF . SWATI BHALERAO www.dacc.edu.in

UNIT 1. ENTREPRENEUR AND ENTREPRENEURSHIP

1. Entrepreneurial behaviours includes:

a. Solving problems

b. Taking initiatives

c. Taking responsibility

d. All of above

2. Entrepreneurs attributes includes:

a. Preservence

b. Hard working

c. Determination

d. All of above

3. Entrepreneurs skills includes:

a. Creative problem solving

b. Persuading

c. Negotiation

d. All of above

4. The term “entrepreneurs” was applied to business initially by the French economist in

the 18th century:

a. Cantillon

b. Jan Tinbergen

c. J.S.Mill

d. None of above

5. Which business function do experts agree, you should focus on first when preparing to

start a business.

a. Financing

b. Marketing vision

c. Operation

d. None of above

Page 1

DNYANSAGAR ARTS AND COMMERCE COLLEGE, BALEWADI, PUNE45

Subject – Entrepreneurship Development (502) Class : TYBBA (2013 Pattern)

PROF . SWATI BHALERAO www.dacc.edu.in

6. Which of the following is not something that can be invested:

a. Energy

b. Experties

c. Money

d. Time

7. From the following which one is factor affecting entrepreneurial growth:

a. Social

b. Economic

c. Psychological

d. All of above

8. What is the need of entrepreneurship:

a. For new innovation

b. To fill gap in growth

c. For healthy competition

d. All of above

9. Which one of the following is the process of entrepreneur developing new products

that over time make current products obsolete?

a. New business model

b. Anatomization

c. Creative Destruction

d. None of above

10. The level at which an individual is viewed by society is called:

a. Financial status

b. Qualification

c. Social Status

d. Achievement

11. Which of the following shows the process of creating something new?

a. Business model

b. Modeling

c. Creative flexibility

d. Innovation

Page 2

DNYANSAGAR ARTS AND COMMERCE COLLEGE, BALEWADI, PUNE45

Subject – Entrepreneurship Development (502) Class : TYBBA (2013 Pattern)

PROF . SWATI BHALERAO www.dacc.edu.in

12. Which one of the following gives suggestions for new product and also help to market

new products?

a. Existing products and services

b. Federal government

c. Distribution Channels

d. Consumers

13. Which of the following is used by entrepreneurs to acquire experience in an

international market before making a major commitment?

a. Merger

b. Minority Interest

c. Joint venture

d. Majority interest

14. GATT is established in 1947, under:

a. German leadership

b. U.S. leadership

c. French leadership

d. U.K. leadership

15. The entrepreneur was distinguished from capital provider in:

a. Middle ages

b. 17th century

c. 18th century

d. 19th and 20th century

16. What is the process by which individuals pursue opportunities without regard to

resources they currently control?

a. Startup management

b. Entrepreneurship

c. Financial analysis

d. Feasibility planning

Page 3

DNYANSAGAR ARTS AND COMMERCE COLLEGE, BALEWADI, PUNE45

Subject – Entrepreneurship Development (502) Class : TYBBA (2013 Pattern)

PROF . SWATI BHALERAO www.dacc.edu.in

17. Having less than 50 percent of equity share in an international venture is called:

a. Joint Venture

b. Majority interest

c. Minority interest

d. Exporting

18. Having more than 50% ownership position that provides the entrepreneur with

managerial control is called:

a. Joint venture

b. Majority interest

c. Horizontal merger

d. Diversified activity merger

19. Which one of the following is the process of entrepreneurs developing new products

that over time make current products obsolete?

a. New business model

b. Anatomization

c. None of the given options

d. Creative destruction

20. From the following which one is not classification of entrepreneurs according to the

types of business:

a. Wholesale trade

b. Retail trade

c. Exporter

d. Rural entrepreneur

21. From the following which one is the classification of entrepreneurs according to gender

and age.

a. Men entrepreneurs

b. Women entrepreneurs

c. Young entrepreneurs

d. All of above

Page 4

DNYANSAGAR ARTS AND COMMERCE COLLEGE, BALEWADI, PUNE45

Subject – Entrepreneurship Development (502) Class : TYBBA (2013 Pattern)

PROF . SWATI BHALERAO www.dacc.edu.in

22. Basic problems of women entrepreneurs in India:

a. Lack of education skill

b. Male dominating society

c. Absence of listen bearing capacity

d. All of the above

23. From the following, types of entrepreneur are:

a. Innovating entrepreneur

b. Initiative entrepreneur

c. Drone entrepreneur

d. All of above

24. Which one is not the barriers of Enterpreneurship:

a. Lack of technical skills

b. Political instability

c. Technical knowledge

d. Time pressure and distractions

25. The key factor influencing the mobility of entrepreneurs are:

a. Resources

b. Experience and Education

c. Language and culture

d. All of above

26. It’s an institution to set up a network of technical consultancy organizations in the

country.

a. TCO

b. ITC

c. EGB

d. None of above

27. An Entrepreneurs refers to :

a. Initiator

b. Motivator

c. Visualizer

d. All of above

Page 5

DNYANSAGAR ARTS AND COMMERCE COLLEGE, BALEWADI, PUNE45

Subject – Entrepreneurship Development (502) Class : TYBBA (2013 Pattern)

PROF . SWATI BHALERAO www.dacc.edu.in

28. Which of the following factor influence entrepreneurship:

a. Technical Knowledge

b. Entrepreneurial training

c. Local manpower

d. All of above

29. From the following which ones is the quality of Entrepreneur:

a. Initiator

b. Information Seeker

c. Motivator

d. All of above

30. Which of the following factors is the most important in forcing

U.S companies to focus on new product development and increased productivity?

a. Entrepreneurship

b. Hyper competition

c. Governmental laws

d. Organizational culture

31. Which of the following is alternatively called corporate venturing?

a. Entrepreneurship

b. Intrapreneurship

c. Act of stating a new venture

d. Offering new products by an existing company

32. Individuals influencing an entrepreneur’s career choice and style are known as which

of the following?

a. Moral-support network

b. Role model

c. Professional support network

d. Support system

Page 6

DNYANSAGAR ARTS AND COMMERCE COLLEGE, BALEWADI, PUNE45

Subject – Entrepreneurship Development (502) Class : TYBBA (2013 Pattern)

PROF . SWATI BHALERAO www.dacc.edu.in

33. The activity which occurs when the new venture is started is called:

a. Motivation

b. Business skills

c. Departure point

d. Goal orientation

34. The level at which an individual is viewed by society is called:

a. Financial status

b. Qualification

c. Social status

d. Achievement

35. Which one of the following is an important source of idea generation due to their

familiarity with the needs of market?

a. Existing products and services

b. Distribution channels

c. Federal government

d. Consumers

36. Members of distribution channels are excellent sources for new ideas because:

a. They earn a handsome profit from new business

b. They are familiar with the needs of the market

c. They do not bother if entrepreneur bears a loss

d. They have well-developed sales force

37. Which one of the following is the most important characteristic of a successful

business website?

a. Innovation

b. Speed

c. Graphics

d. Products

38. Which one of the following is the next stage to the Concept Stage of Product

Planning and Development Process?

a. Idea Stage

b. Product Planning Stage

c. Product Development Stage

d. Test Marketing Stage

Page 7

DNYANSAGAR ARTS AND COMMERCE COLLEGE, BALEWADI, PUNE45

Subject – Entrepreneurship Development (502) Class : TYBBA (2013 Pattern)

PROF . SWATI BHALERAO www.dacc.edu.in

39. SBA stands for:

a. Small business accountants

b. Small business administration

c. Small business adequacy

d. Small business advisors

40. Why should an entrepreneur do a feasibility study for starting a new venture

a. To identify possible sources of funds

b. To see if there are possible barriers to success

c. To estimate the expected sales

d. To explore potential customers

41. Information regarding all of the following is related to operations, EXCEPT:

a. Location

b. Promotion

c. Raw materials

d. Labor skills

42. A performance and credit rating scheme has been launched by the MSME Ministry to

assess creditworthiness and capabilities of industries in the sector. What is it called?

a. Performance and Credit Rating Scheme

b. Zero Defect Zero Effect Certification

c. Performance and Economy Rating Scheme

d. None of the above

43. A Micro Enterprise is an enterprise where investment in plant and machinery does not

exceed (According to MSMED Act, 2006):

a. Rs. 15 Lakh

b. Rs. 20 Lakh

c. Rs. 25 Lakh

d. Rs. 30 Lakh

44. EDP (Entrepreneurship Development Programmes) is required to help:

a. Existing entrepreneurs

b. First generation entrepreneurs

c. Future generations entrepreneurs

d. None of the above

Page 8

DNYANSAGAR ARTS AND COMMERCE COLLEGE, BALEWADI, PUNE45

Subject – Entrepreneurship Development (502) Class : TYBBA (2013 Pattern)

PROF . SWATI BHALERAO www.dacc.edu.in

45. A corporate managers who starts a new initiative for their company which entails

setting up a new distinct business unit and board of directors can be regarded as?

a. Ecopreneur

b. Technopreneur

c. Intrapreneur

d. Social Entrepreneur

46. .A women entrepreneur is supposed to have a minimum financial

interest in share capital of entrepreneur’s enterprise:

a. 35 per cent

b. 51 per cent

c. 25 per cent

d. None of the above

47. Family businesses always interested to handover the change of his business to:

a. Indian Administration Officers

b. Professional Managers

c. Next generation

d. None of the above

48. A corporate managers who starts a new initiative for their company which entails

setting up a new distinct business unit and board of directors can be regarded as?

a. Ecopreneur

b. Technopreneur

c. Intrapreneur

d. Social Entrepreneur

49. Venture capital is concerned with:

a. New project having potential for higher profit

b. New project of high technology

c. New project having high risk

d. All the above.

Page 9

DNYANSAGAR ARTS AND COMMERCE COLLEGE, BALEWADI, PUNE45

Subject – Entrepreneurship Development (502) Class : TYBBA (2013 Pattern)

PROF . SWATI BHALERAO www.dacc.edu.in

50. In real life, entrepreneurs are those that…

a. Robbers that exploit their workers

b. Generate business success

c. Generate business success through hard and long hours of work

d. Robbers that exploit their workers and generate business success

51. The definition of entrepreneurship holds the promise of….

a. Financial difficulties and hardship

b. Limited expansion

c. Growth, unlimited expansion and long-term financial gain

d. Growth, expansion and long term financial gain

52. The term Entrepreneur is derived from the word

a. English

b. Tamil

c. Hindi

d. French

53. _____Identified innovation as a characteristic of entrepreneur for the first time in

1934.

a. William Diamond

b. B.A.H.Cole

c. W.B.Gartner

d. D.J.A.Schuumpeter

54. Individuals influencing an entrepreneur’s career choice and style are

known as which of the following?

a. Role model

b. Moral-support network

c. Professional support network

d. Support system

55. The level at which an individual is viewed by society is called:

a. Financial status

b. Qualification

c. Social status

d. Achievement

Page 10

Entrepreneurship Development MCQs with Answers

Entrepreneurship Development MCQs with Answers

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