Entrepreneurship MCQ Questions and Answers for Practice

Entrepreneurship MCQs are essential practice tools for students and exam aspirants. These questions help you test your knowledge and prepare effectively for various assessments and real-world scenarios.

About Entrepreneurship MCQ Questions

Entrepreneurship MCQs cover a wide range of topics including business planning, market analysis, financial management, and innovation. These questions are designed to help you understand the key concepts and principles of entrepreneurship, ensuring you are well-prepared for academic and professional challenges.

Why Practice Entrepreneurship Objective Questions?

Practicing Entrepreneurship objective questions offers numerous benefits. It enhances your understanding of entrepreneurial concepts, improves your problem-solving skills, and boosts your confidence for exams, interviews, and real-world business scenarios. Regular practice also helps in revising and retaining important information.

Who Should Use These MCQs?

Students preparing for school or college exams
Competitive exam aspirants
Candidates preparing for interviews

Entrepreneurship MCQ Questions 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?

Intrapreneur
Social Entrepreneur
Ecopreneur
Technopreneur

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?

Intrapreneur
Social Entrepreneur
Ecopreneur
Technopreneur

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

Rs. 25 Lakh
Rs. 30 Lakh
Rs. 15 Lakh
Rs. 20 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?

Performance and Economy Rating Scheme
None of the above
Performance and Credit Rating Scheme
Zero Defect Zero Effect Certification

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

17th century
19th and 20th century
Earliest period
Middle ages

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

25 per cent
None of the above
35 per cent
51 per cent

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

Future generations entrepreneurs
None of the above
Existing entrepreneurs
First generation entrepreneurs

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

Next generation
None of the above
Indian Administration Officers
Professional Managers

9. GATT is established in 1947, under:

French leadership
U.K. leadership
German leadership
U.S. leadership

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

Horizontal merger
Diversified activity merger
Joint venture
Majority interest

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

Professional support network
Support system
Moral-support network
Role model

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

Raw materials
Labor skills
Location
Promotion

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

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

14. SBA stands for:

Small business adequacy
Small business advisors
Small business accountants
Small business administration

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

Departure point
Goal orientation
Motivation
Business skills