Entrepreneurship MCQ Quiz - Multiple Choice Questions & Answers

1. Which one of the following is the process of entrepreneurs developing new products thatover time make current products obsolete?

1. New business model
2. Anatomization
3. None of the given options
4. Creative destruction

2. 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

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
5. Rs. 15 Lakh
6. Rs. 20 Lakh
7. Rs. 25 Lakh
8. 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 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
5. Rs. 15 Lakh
6. Rs. 20 Lakh
7. Rs. 25 Lakh
8. Rs. 30 Lakh

6. 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

7. 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

8. 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

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

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

10. 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