This quiz works best with JavaScript enabled. Home > Agriculture > Business > Entrepreneurship > Entrepreneurship Development – Quiz 11 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurship Development Quiz 11 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Find the odd one. A) Organising funds. B) Good relations. C) Determination of objective. D) Gap filling function. Show Answer Correct Answer: D) Gap filling function. 2. Name of the project Ryan is currently working on is: A) Project A. B) Project3R. C) Project Cycle. D) Project R. Show Answer Correct Answer: B) Project3R. 3. Entrepreneurs are born not made is the thing of ..... school A) Traditional. B) Modern. C) Both. D) None of them. Show Answer Correct Answer: A) Traditional. 4. 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 of these. Show Answer Correct Answer: D) All of these. 5. Who said " Scale is important for a startup. Think big, but take one day at a time." A) Kunal Bahl. B) Anand Mahindra. C) Ritesh Agarwal. D) Ratan Tata. Show Answer Correct Answer: A) Kunal Bahl. 6. Before bringing any new product/service to market an entrepreneur should consider the following aspects about a market - A) 1.Do not think much about long-run opportunities in the market. B) 2. Work without paying attention to target markets. C) 3. Identify segmentation variables and segment the market. D) 4.Never consider profiles of customer segments in response to any new product or service. Show Answer Correct Answer: C) 3. Identify segmentation variables and segment the market. 7. Which of the following types of entrepreneurship is developed to create solutions to problems in the market? A) Small business entrepreneurship. B) Scalable startup business. C) Large company entrepreneurship. D) Social entrepreneurship. Show Answer Correct Answer: D) Social entrepreneurship. 8. Which type of entrepreneurial businesses are the most profit driven? A) Small business entrepreneurship. B) Scalable startup business. C) Large company entrepreneurship. D) Social entrepreneurship. Show Answer Correct Answer: C) Large company entrepreneurship. 9. EDP (Entrepreneurship Development Programmes) is required to help: A) Existing entrepreneurs. B) First generation entrepreneurs. C) Future generations entrepreneurs. D) None of the above. Show Answer Correct Answer: B) First generation entrepreneurs. 10. What is the key performance index for sales? (C1) A) Income. B) Maximizing sales. C) Profit. D) Minimizing cost. Show Answer Correct Answer: C) Profit. 11. A business owned by two people or more people. A) Franchise. B) Sole Proprietorship. C) Partnership. D) None of above. Show Answer Correct Answer: C) Partnership. 12. EDP was first introduced in ..... in 1970. A) Andhra Pradesh. B) Karnataka. C) Gujarat. D) None of above. Show Answer Correct Answer: C) Gujarat. 13. Ryan Hickman started a business where he A) Collected old clothes to recycle. B) Collected newspapers to recycle. C) Collected old cycles to recycle. D) Collected reused bottles to recycle. Show Answer Correct Answer: D) Collected reused bottles to recycle. 14. ..... is primarily concerned with the identification, qualification and evaluation of the project resources A) Feasibility analysis. B) Techno-economic analysis. C) Financial analysis. D) Input analysis. Show Answer Correct Answer: A) Feasibility analysis. 15. Which one of the following is the first step in the entrepreneurial process? A) Growing the entrepreneurial firm. B) Deciding to become an entrepreneur. C) Developing successful business ideas. D) Moving from an idea to an entrepreneurial firm. Show Answer Correct Answer: C) Developing successful business ideas. 16. The moratorium period for repayment of loan under Stand up scheme is A) 8 months. B) 10 months. C) 16 months. D) 18 months. Show Answer Correct Answer: D) 18 months. 17. A business's chain of command can be found in its A) Organizational chart. B) Project description. C) Technical need section. D) Market analysis. Show Answer Correct Answer: A) Organizational chart. 18. The most significant feature of entrepreneurship is ..... A) Innovation. B) Gap filling function. C) Economic activity. D) Creative activity. Show Answer Correct Answer: B) Gap filling function. 19. The minimum amount of ....., irrespective of such private participation, could be specified at a minimum 17.5 per cent of project costs by lending institutions. A) . bank loans. B) Promotors contribution. C) . fixed capital. D) Working capital. Show Answer Correct Answer: B) Promotors contribution. 20. An enterprise created by an entrepreneur has following characteristics A) Is used at times as a vehicle to generate some ideas. B) 2. An enterprise is an already formed business organization that offers some goods or services, etc. C) 3. The enterprise is some business structure/object that usually carries out some commercial activity, creates new job positions, gains some profits. D) 4. An enterprise structure, culture, core competence, and endurance can be residuals of particular human beings striving to forge. Show Answer Correct Answer: C) 3. The enterprise is some business structure/object that usually carries out some commercial activity, creates new job positions, gains some profits. 21. Refusal to adopt and use opportunities to make changes in production ..... entrepreneurs. A) Innovative. B) Drone. C) Fabian. D) Imitative. Show Answer Correct Answer: B) Drone. 22. A Business owned by 2 or more people A) Amalgamation. B) Partnership. C) Corporation. D) Sole Proprietorship. Show Answer Correct Answer: B) Partnership. 23. The attitude of Indian Government Machinery towards entrepreneurial development programme is . A) Constructive. B) Negative. C) Non - Cooperative. D) Destructive. Show Answer Correct Answer: C) Non - Cooperative. 24. A true entrepreneur doesn't ask questions about whether or not they'll succeed-they truly believe they will. A) RiskTAker. B) Creative. C) Perseverance. D) Hardworking. Show Answer Correct Answer: A) RiskTAker. 25. Under section 80J of the income tax act, 1961, small-scale industries are exempted from the payment of income tax on their profits at ..... A) 6% p.m. B) 5% p.a. C) 5% p.a. D) 6% p.a. Show Answer Correct Answer: D) 6% p.a. 26. A venture capitalist is A) An investor in a business providing capital for startup. B) The net worth of a company. C) A manager of a business's investment, aligning with goals. D) The co-founder of a successful startup. Show Answer Correct Answer: A) An investor in a business providing capital for startup. 27. Individuals who starts their organization through natural talent are known as ..... A) Motivated. B) Spontaneous. C) Induced. D) Pure. Show Answer Correct Answer: B) Spontaneous. 28. ..... exposes an entrepreneur to the latest Development which affects him. A) Training. B) Guidance. C) Instructions. D) Programmes. Show Answer Correct Answer: A) Training. 29. Over - capitalization arises due to ..... A) Excess of assets over the liabilities. B) Actual earnings are higher than the expected earnings. C) Excess of liabilities over the assets. D) Actual earnings are lower than the expected earnings.. Show Answer Correct Answer: D) Actual earnings are lower than the expected earnings.. 30. Entrepreneurs create ..... for themselves and others. A) Wealth. B) Risk. C) Plans. D) None of these. Show Answer Correct Answer: A) Wealth. ← PreviousNext →Related QuizzesBusiness QuizzesAgriculture QuizzesEntrepreneurship Development Quiz 1Entrepreneurship Development Quiz 2Entrepreneurship Development Quiz 3Entrepreneurship Development Quiz 4Entrepreneurship Development Quiz 5Entrepreneurship Development Quiz 6Entrepreneurship Development Quiz 7Entrepreneurship Development Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books