MCQ Questions on Entrepreneurship Development
1. The term intrapreneur was coined by______________
a) robert owen
b) Joseph Schumpeter
c) richard cantillon
d) gifford pinchot
Answer: d
2. An individual who initiates, creates and manages a new business can be called_______________
a) A leader
b) A manager
c) A professional
d) An entrepreneur
Answer: d
3. ____________applied the word entrepreneur to business for the first time.
a) robert owen
b) joseph schumpeter
c) richard cantillon
d) max weber
Answer: C
4. An entrepreneur who owns more than one business at a time is called ________
a) An intrapreneur
b) A corporate entrepreneur.
c) A portfolio entrepreneur.
d) None of the above.
Answer: c
5. Entrepreneurship is a creative activity - Said by________
a) Frederick Harbison
b) B. F. Hoselitz
c) B. Higgins
d) Joseph
Answer : d
6. What is the hallmark of a successful entrepreneur?
a) Risk bearing capacity
b) Persistence
c) Flexibility
d) Self-confidence
Answer: c
7. A corporate manager 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
Answer: c
8. Entrepreneurs are extremely task oriented.
a) technical
b) fabian
c) induced
d) business
Answer: a
9. _____________ Entrepreneurs neither introduce new changes nor adopt new methods innovated by others.
a) technical
b) fabian
c) induced
d) business
Answer: b
10. EDP (Entrepreneurship Development Programs) is required to help_____________
a) Existing entrepreneurs
b) First generation entrepreneurs
c) Future generation entrepreneurs
d) None of the above
Answer: b
11. According to Schumpeter, Is the most important function of a modern entrepreneur____________
a) innovation,
b) invention,
c) skill,
d) creativity.
Answer: A
Related: MCQ on Business Economics Pdf
12. Which of the following risks is born by the entrepreneur:
a) financial risks,
b) personal risks,
c) psychological risks,
d) all of these
Answer: D
13. Which type of entrepreneurs utilizes a chance to introduce a new technique or new product?
a) Innovative entrepreneur
b) Instigated entrepreneur
c) Initiative entrepreneur
d) Fabian entrepreneur
Answer: a
14. Ownership capital is also known as?
a) Debt
b) Equity
c) Loan
d) Mortgage
Answer: b
15. In the 1995 - 96 periods what percentage of total entrepreneurs were women entrepreneurs?
a) 10%
b) 11.2%
c) 13%
d) 9%
Answer: b
16. What can be defined as an attractive project idea which an entrepreneur accepts as a basis for his investment decision?
a) Possibility
b) Business
c) Opportunity
d) Notion
Answer: c
17. Which of the following is a remedy to solve the problems of women entrepreneurs?
a) Social attitude
b) Finance cells
c) Stiff Competition
d) Supervision
Answer : b
18. Which of the following is not a quality of a successful entrepreneur specified by Mc Clelland?
a) He is endowed with unusual creativeness
b) He has a high degree of ambition
c) He is enriched by a high propensity
d) He also has a strong need for achievement.
Answer: b
19. The Institute of Entrepreneurship Development has trained around ___ youths in ___ programs till 1987 April.
a) 300, 14
b) 500, 20
c) 200, 10
d) 400,13
Answer: d
20. Social attitude is one of the important problems of a______________Entrepreneur.
a) drone.
b) business.
c) women.
d) adoptive.
Answer: c
21. The term “Entrepreneur” has been derived from the word “enturondre” which means:
a) To give
b) To undertake
c) To choose
d) To decide
Answer: b
22. Registration helps the entrepreneur to take necessary_____________ steps to bring industrial units into existence
a) provisional
b) permanent
c) both of these
d) none of these
Answer: a
23. The entrepreneur who does not change the method of production already introduced is________
a) drone entrepreneur,
b) fabian entrepreneur,
c) classical entrepreneur,
d) none of these.
Answer: a
Related: MCQ on Entrepreneurship with Answers Pdf
24. Why are small businesses important to a country’s economy?
a) They give an outlet for entrepreneurs.
b) They can provide specialist support to larger companies.
c) They can be innovators of new products.
d) All the above.
Answer: d
25. IFCI stands for_____________.
a) Industrial finance corporation of India.
b) Institutional finance corporation of India.
c) Industrial funding corporation of India.
d) Indian finance corporation and institution.
Answer: a
26. Large investment is made in fixed assets, the project will be termed as__________.
a) Capital Intensive.
b) Labor Intensive.
c) Product Intensive.
d) Market Intensive.
Answer: a
27. Which one of the following describes unemployment?
a) The number of people who voluntarily choose not to work.
b) The number of people who are jobless and are actively seeking work.
c) The number of people who are not actively seeking work.
d) The number of people actively seeking work who find work.
Answer: b
28. Innovation can best be defined as_______.
a) the generation of new ideas.
b) the evolution of new ideas.
c) the opposite of creativity.
d) the successful exploitation of new ideas.
Answer: D
29. Which of these statements best describes the context for entrepreneurship?
a) Entrepreneurship takes place in small businesses.
b) Entrepreneurship takes place in large businesses.
c) Entrepreneurship takes place in a wide variety of contexts.
d) Entrepreneurship does not take place in social enterprises.
Answer: c
30. Entrepreneurs are motivated by_________
a) money.
b) personal values.
c) pull influences.
d) All the above.
Answer: d
31. 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
Answer: c
32. To provide financial assistance to entrepreneurs the government has set up a number of___________.
a) Financial advisors.
b) Financial intermediaries.
c) Industrial estates.
d) Financial institutions.
Answer: d
33. Which industrial sector tends to naturally promote small-scale businesses and Entrepreneurship, and generally has lower barriers to market entry?
a) Service.
b) Manufacturing.
c) Distribution.
d) Agriculture.
Answer: A
34. Which of the following is the reason for business failure__________
a) Lack of market research.
b) Poor financial control.
c) Poor management.
d) All the above.
Answer: d
35. To provide financial assistance to entrepreneurs the government has set up a number of___________.
a) financial advisors.
b) financial intermediaries.
c) Industrial estates.
d) financial institutions.
Answer: D
Related: MCQ on Research Methodology Pdf
36. The use of informal networks by entrepreneurs to gather information is known as _______.
a) Secondary research.
b) Entrepreneurial networking.
c) Informal parameters.
d) Marketing
Answer: b
37. Good sources of information for an entrepreneur about competitors can be obtained from_________.
a) Websites.
b) Product information leaflets.
c) Company reports and published accounts.
d) All the above.
Answer: d
38. The business development department of SIPCOT guides entrepreneurs in ______.
a) applying for licenses.
b) approval on collaboration.
c) Allocation of scarce raw materials.
d) All the above.
Answer: d
39. According to Frederick Harbison, which of the following is not a function of a women entrepreneur?
a) Explore the prospects of starting new enterprises.
b) Co-ordination, administration and control
c) The power to resist criticism
d) Supervision and providing leadership in all aspects of the business.
Answer: c
40. Which of the following is not a source of idea for an entrepreneur?
a) Cost of the project
b) Product profile
c) Imports and exports
d) Emerging technologies
Answer: a
41. _______________ type are entrepreneurs are found in the field of small trading and manufacturing concerns.
a) Trading Entrepreneurs
b) First generation Entrepreneurs
c) Business Entrepreneurs
d) Innovative Entrepreneurs
Answer: c
42. Which of the following type of Entrepreneurs are also known as pure entrepreneurs because of their desire for self-fulfillment?
a) Spontaneous Entrepreneurs
b) Technical Entrepreneurs
c) Business Entrepreneurs
d) Professional Entrepreneurs
Answer: a
43. To which type of entrepreneurs Hero Motor Corp and Hyundai Corporation belong to?
a) Trading Entrepreneurs
b) First generation Entrepreneurs
c) Business Entrepreneurs
d) Industrial Entrepreneurs
Answer: d
44. Identify the type of entrepreneurs who develop alternative projects by selling the running business.
a) Trading Entrepreneurs
b) Technical Entrepreneurs
c) Business Entrepreneurs
d) Professional Entrepreneurs
Answer: d
45. They enter into entrepreneurship because of various governmental supports provided in terms of financial assistance, incentives, concessions, and other facilities to the people who want to set up their new enterprises ”. Which type of entrepreneur is being discussed in the above lines?
a) Induced Entrepreneurs
b) Motivated Entrepreneurs
c) Spontaneous Entrepreneurs
d) Imitative Entrepreneurs
Answer: b
Top Entrepreneurship Development MCQ Objective Questions and Answers :
1. Entrepreneur raises___________
(a) Thoughtful risk
(b) High risk
(c) Low risk
(d) General and fixed risk.
Answer: d
2. Which of the following is the political administration that Kilby describes as the entrepreneur? Not side__________
(a) Dismissal from government bureaucracy
(b) Management of human relations in the organization
(c) Bringing new products of production
(d) Managing customer-supplier relationships.
Answer: c
Related: MCQ on Research Methodology Pdf
3. Which of the following behaviors is not associated with a successful entrepreneurship____________
(a) R&D
(b) Running your business on a day to day basis
(c) Continuous innovation and urgency
(d) Production as per customer's requirement
Answer: b
4. The Entrepreneurship Development Program in India is____________
(a) required
(b) Unnecessary
(c) Waste of time
(d) Waste of money.
Answer: a
5. Which of the following is not an entrepreneurial work in economics_________
(a) Taking risks
(b) Provision of capital and organization of production
(c) Innovation
(d) Conducting day-to-day business.
Answer: d
6. Which of the following statements does not explain the difference between entrepreneurship and management_________
(a) Entrepreneurs find the business, managers run it
(b) Entrepreneurs own their business, managing employees
(c) Entrepreneurs earn profit, managers get salary
(d) Entrepreneur is a one time job, management is an ongoing process.
Answer: d
7. Which of the following is the political administration that Kilby describes as the entrepreneur? Not side_____________
(a) Dismissal from government bureaucracy
(b) Management of human relations in the organization
(c) Bringing new products of production
(d) Managing customer-supplier relationships.
Answer: C
8. Provides Entrepreneurship Development Program_________
(a) Unemployment
(b) Employment
(c) Dishonesty
(d) Corruption.
Answer: b
9. Entrepreneur__________
(a) is born
(b) is created
(c) (a) and (b) both
(d) None of these.
Answer: c
10. Indian Entrepreneurship Development Institute is located_________
(a) In Ahmedabad
(b) In Mumbai
(c) In New Delhi
(d) In Chennai.
Answer: A
11. The future of entrepreneurship in India is_________
(a) In the dark
(b) Bright
(c) In difficulty
(d) None of these.
Answer: B
12. The Indian Appropriation Center was established____________
(a) By Government of India
(b) By Government of Madhya Pradesh
(c) By Government of Maharashtra
(d) By Government of Gujarat.
Answer: b
a) robert owen
b) Joseph Schumpeter
c) richard cantillon
d) gifford pinchot
Answer: d
2. An individual who initiates, creates and manages a new business can be called_______________
a) A leader
b) A manager
c) A professional
d) An entrepreneur
Answer: d
3. ____________applied the word entrepreneur to business for the first time.
a) robert owen
b) joseph schumpeter
c) richard cantillon
d) max weber
Answer: C
4. An entrepreneur who owns more than one business at a time is called ________
a) An intrapreneur
b) A corporate entrepreneur.
c) A portfolio entrepreneur.
d) None of the above.
Answer: c
5. Entrepreneurship is a creative activity - Said by________
a) Frederick Harbison
b) B. F. Hoselitz
c) B. Higgins
d) Joseph
Answer : d
6. What is the hallmark of a successful entrepreneur?
a) Risk bearing capacity
b) Persistence
c) Flexibility
d) Self-confidence
Answer: c
7. A corporate manager 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
Answer: c
8. Entrepreneurs are extremely task oriented.
a) technical
b) fabian
c) induced
d) business
Answer: a
9. _____________ Entrepreneurs neither introduce new changes nor adopt new methods innovated by others.
a) technical
b) fabian
c) induced
d) business
Answer: b
10. EDP (Entrepreneurship Development Programs) is required to help_____________
a) Existing entrepreneurs
b) First generation entrepreneurs
c) Future generation entrepreneurs
d) None of the above
Answer: b
11. According to Schumpeter, Is the most important function of a modern entrepreneur____________
a) innovation,
b) invention,
c) skill,
d) creativity.
Answer: A
Related: MCQ on Business Economics Pdf
12. Which of the following risks is born by the entrepreneur:
a) financial risks,
b) personal risks,
c) psychological risks,
d) all of these
Answer: D
13. Which type of entrepreneurs utilizes a chance to introduce a new technique or new product?
a) Innovative entrepreneur
b) Instigated entrepreneur
c) Initiative entrepreneur
d) Fabian entrepreneur
Answer: a
14. Ownership capital is also known as?
a) Debt
b) Equity
c) Loan
d) Mortgage
Answer: b
15. In the 1995 - 96 periods what percentage of total entrepreneurs were women entrepreneurs?
a) 10%
b) 11.2%
c) 13%
d) 9%
Answer: b
16. What can be defined as an attractive project idea which an entrepreneur accepts as a basis for his investment decision?
a) Possibility
b) Business
c) Opportunity
d) Notion
Answer: c
17. Which of the following is a remedy to solve the problems of women entrepreneurs?
a) Social attitude
b) Finance cells
c) Stiff Competition
d) Supervision
Answer : b
18. Which of the following is not a quality of a successful entrepreneur specified by Mc Clelland?
a) He is endowed with unusual creativeness
b) He has a high degree of ambition
c) He is enriched by a high propensity
d) He also has a strong need for achievement.
Answer: b
19. The Institute of Entrepreneurship Development has trained around ___ youths in ___ programs till 1987 April.
a) 300, 14
b) 500, 20
c) 200, 10
d) 400,13
Answer: d
20. Social attitude is one of the important problems of a______________Entrepreneur.
a) drone.
b) business.
c) women.
d) adoptive.
Answer: c
21. The term “Entrepreneur” has been derived from the word “enturondre” which means:
a) To give
b) To undertake
c) To choose
d) To decide
Answer: b
22. Registration helps the entrepreneur to take necessary_____________ steps to bring industrial units into existence
a) provisional
b) permanent
c) both of these
d) none of these
Answer: a
23. The entrepreneur who does not change the method of production already introduced is________
a) drone entrepreneur,
b) fabian entrepreneur,
c) classical entrepreneur,
d) none of these.
Answer: a
Related: MCQ on Entrepreneurship with Answers Pdf
24. Why are small businesses important to a country’s economy?
a) They give an outlet for entrepreneurs.
b) They can provide specialist support to larger companies.
c) They can be innovators of new products.
d) All the above.
Answer: d
25. IFCI stands for_____________.
a) Industrial finance corporation of India.
b) Institutional finance corporation of India.
c) Industrial funding corporation of India.
d) Indian finance corporation and institution.
Answer: a
26. Large investment is made in fixed assets, the project will be termed as__________.
a) Capital Intensive.
b) Labor Intensive.
c) Product Intensive.
d) Market Intensive.
Answer: a
27. Which one of the following describes unemployment?
a) The number of people who voluntarily choose not to work.
b) The number of people who are jobless and are actively seeking work.
c) The number of people who are not actively seeking work.
d) The number of people actively seeking work who find work.
Answer: b
28. Innovation can best be defined as_______.
a) the generation of new ideas.
b) the evolution of new ideas.
c) the opposite of creativity.
d) the successful exploitation of new ideas.
Answer: D
29. Which of these statements best describes the context for entrepreneurship?
a) Entrepreneurship takes place in small businesses.
b) Entrepreneurship takes place in large businesses.
c) Entrepreneurship takes place in a wide variety of contexts.
d) Entrepreneurship does not take place in social enterprises.
Answer: c
30. Entrepreneurs are motivated by_________
a) money.
b) personal values.
c) pull influences.
d) All the above.
Answer: d
31. 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
Answer: c
32. To provide financial assistance to entrepreneurs the government has set up a number of___________.
a) Financial advisors.
b) Financial intermediaries.
c) Industrial estates.
d) Financial institutions.
Answer: d
33. Which industrial sector tends to naturally promote small-scale businesses and Entrepreneurship, and generally has lower barriers to market entry?
a) Service.
b) Manufacturing.
c) Distribution.
d) Agriculture.
Answer: A
34. Which of the following is the reason for business failure__________
a) Lack of market research.
b) Poor financial control.
c) Poor management.
d) All the above.
Answer: d
35. To provide financial assistance to entrepreneurs the government has set up a number of___________.
a) financial advisors.
b) financial intermediaries.
c) Industrial estates.
d) financial institutions.
Answer: D
Related: MCQ on Research Methodology Pdf
36. The use of informal networks by entrepreneurs to gather information is known as _______.
a) Secondary research.
b) Entrepreneurial networking.
c) Informal parameters.
d) Marketing
Answer: b
37. Good sources of information for an entrepreneur about competitors can be obtained from_________.
a) Websites.
b) Product information leaflets.
c) Company reports and published accounts.
d) All the above.
Answer: d
38. The business development department of SIPCOT guides entrepreneurs in ______.
a) applying for licenses.
b) approval on collaboration.
c) Allocation of scarce raw materials.
d) All the above.
Answer: d
39. According to Frederick Harbison, which of the following is not a function of a women entrepreneur?
a) Explore the prospects of starting new enterprises.
b) Co-ordination, administration and control
c) The power to resist criticism
d) Supervision and providing leadership in all aspects of the business.
Answer: c
40. Which of the following is not a source of idea for an entrepreneur?
a) Cost of the project
b) Product profile
c) Imports and exports
d) Emerging technologies
Answer: a
41. _______________ type are entrepreneurs are found in the field of small trading and manufacturing concerns.
a) Trading Entrepreneurs
b) First generation Entrepreneurs
c) Business Entrepreneurs
d) Innovative Entrepreneurs
Answer: c
42. Which of the following type of Entrepreneurs are also known as pure entrepreneurs because of their desire for self-fulfillment?
a) Spontaneous Entrepreneurs
b) Technical Entrepreneurs
c) Business Entrepreneurs
d) Professional Entrepreneurs
Answer: a
43. To which type of entrepreneurs Hero Motor Corp and Hyundai Corporation belong to?
a) Trading Entrepreneurs
b) First generation Entrepreneurs
c) Business Entrepreneurs
d) Industrial Entrepreneurs
Answer: d
44. Identify the type of entrepreneurs who develop alternative projects by selling the running business.
a) Trading Entrepreneurs
b) Technical Entrepreneurs
c) Business Entrepreneurs
d) Professional Entrepreneurs
Answer: d
45. They enter into entrepreneurship because of various governmental supports provided in terms of financial assistance, incentives, concessions, and other facilities to the people who want to set up their new enterprises ”. Which type of entrepreneur is being discussed in the above lines?
a) Induced Entrepreneurs
b) Motivated Entrepreneurs
c) Spontaneous Entrepreneurs
d) Imitative Entrepreneurs
Answer: b
Top Entrepreneurship Development MCQ Objective Questions and Answers :
1. Entrepreneur raises___________
(a) Thoughtful risk
(b) High risk
(c) Low risk
(d) General and fixed risk.
Answer: d
2. Which of the following is the political administration that Kilby describes as the entrepreneur? Not side__________
(a) Dismissal from government bureaucracy
(b) Management of human relations in the organization
(c) Bringing new products of production
(d) Managing customer-supplier relationships.
Answer: c
Related: MCQ on Research Methodology Pdf
3. Which of the following behaviors is not associated with a successful entrepreneurship____________
(a) R&D
(b) Running your business on a day to day basis
(c) Continuous innovation and urgency
(d) Production as per customer's requirement
Answer: b
4. The Entrepreneurship Development Program in India is____________
(a) required
(b) Unnecessary
(c) Waste of time
(d) Waste of money.
Answer: a
5. Which of the following is not an entrepreneurial work in economics_________
(a) Taking risks
(b) Provision of capital and organization of production
(c) Innovation
(d) Conducting day-to-day business.
Answer: d
6. Which of the following statements does not explain the difference between entrepreneurship and management_________
(a) Entrepreneurs find the business, managers run it
(b) Entrepreneurs own their business, managing employees
(c) Entrepreneurs earn profit, managers get salary
(d) Entrepreneur is a one time job, management is an ongoing process.
Answer: d
7. Which of the following is the political administration that Kilby describes as the entrepreneur? Not side_____________
(a) Dismissal from government bureaucracy
(b) Management of human relations in the organization
(c) Bringing new products of production
(d) Managing customer-supplier relationships.
Answer: C
8. Provides Entrepreneurship Development Program_________
(a) Unemployment
(b) Employment
(c) Dishonesty
(d) Corruption.
Answer: b
9. Entrepreneur__________
(a) is born
(b) is created
(c) (a) and (b) both
(d) None of these.
Answer: c
10. Indian Entrepreneurship Development Institute is located_________
(a) In Ahmedabad
(b) In Mumbai
(c) In New Delhi
(d) In Chennai.
Answer: A
11. The future of entrepreneurship in India is_________
(a) In the dark
(b) Bright
(c) In difficulty
(d) None of these.
Answer: B
12. The Indian Appropriation Center was established____________
(a) By Government of India
(b) By Government of Madhya Pradesh
(c) By Government of Maharashtra
(d) By Government of Gujarat.
Answer: b
0 Comments