Entrepreneurship MCQ Questions and Answers for Practice

1. 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?

1. Ecopreneur
2. Technopreneur
3. Intrapreneur
4. Social Entrepreneur

2. A corporate manager who starts a new initiative for their company which entails setting up anew distinct business unit and board of directors can be regarded as?

1. Ecopreneur
2. Technopreneur
3. Intrapreneur
4. Social Entrepreneur

3. A Micro Enterprise is an enterprise where investment in plant and machinery does not exceed (According to MSMED Act, 2006):

1. Rs. 15 Lakh
2. Rs. 20 Lakh
3. Rs. 25 Lakh
4. Rs. 30 Lakh

4. 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?

1. Performance and Credit Rating Scheme
2. Zero Defect Zero Effect Certification
3. Performance and Economy Rating Scheme
4. None of the above

5. A person who managed large project was termed as the entrepreneur in the _________.

1. Earliest period
2. Middle ages
3. 17th century
4. 19th and 20th century

6. A women entrepreneur is supposed to have a minimum financial interest in share capital of entrepreneur’s enterprise:

1. 35 per cent
2. 51 per cent
3. 25 per cent
4. None of the above

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

1. Existing entrepreneurs
2. First generation entrepreneurs
3. Future generations entrepreneurs
4. None of the above

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

1. Indian Administration Officers
2. Professional Managers
3. Next generation
4. None of the above

9. GATT is established in 1947, under:

1. German leadership
2. U.S. leadership
3. French leadership
4. U.K. leadership

10. Having more than 50% ownership position that provides the entrepreneur with managerialcontrol is called:

1. Joint venture
2. Majority interest
3. Horizontal merger
4. Diversified activity merger

11. Individuals influencing an entrepreneur’s career choice and style are known as which of thefollowing?

1. Moral-support network
2. Role model
3. Professional support network
4. Support system

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

1. Location
2. Promotion
3. Raw materials
4. Labor skills

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

1. They earn a handsome profit from new business
2. They are familiar with the needs of the market
3. They do not bother if entrepreneur bears a loss
4. They have well-developed sales force

14. SBA stands for:

1. Small business accountants
2. Small business administration
3. Small business adequacy
4. Small business advisors

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

1. Motivation
2. Business skills
3. Departure point
4. Goal orientation