Entrepreneurship Development (ED) solved MCQs

1 of 15

1. ………………………applied the word entrepreneur to business for the first time.

a. robert owen

B. joseph schumpeter

c. richard cantillon

d. max weber

2. ………………………is the drive to achieve a goal.

a. motivation

B. need for achievement

c. competency

d. none of these

3. ………………………..entrepreneurs are extremely task oriented.

a. technical

B. fabian

c. induced

d. business

4. …………………………..entrepreneurs neither introduce new changes nor adopt newmethods innovated by others.

a. technical

B. fabian

c. induced

d. business

5. The term intrapreneur was coined by …………………………. .

a. robert owen

B. joseph schumpeter

c. richard cantillon

d. gifford pinchot

6. According to Schumpeter, Is the most important function of a modern entrepreneur.

a. innovation,

B. invention,

c. skill,

d. creativity.

7. Knowledge + Skill + Traits = ………………………………..

a. innovation.

B. competency.

c. skill.

d. creativity.

8. Social attitude is one of the important problems of a …………………………..Entrepreneur.

a. drone.

B. business.

c. women.

d. adoptive.

9. The capacity to develop new ideas, concepts and processes is known as :

a. innovation,

B. invention,

c. skill,

d. creativity.

10. Which of the following risks is borne by the entrepreneur:

a. financial risks,

B. personal risks,

c. psychological risks,

d. all of these

11. The entrepreneur who does not change the method of production alreadyintroduced is:

a. drone entrepreneur,

B. fabian entrepreneur,

c. classical entrepreneur,

d. none of these.

12. Person who works within an organization and having entrepreneurial capabilities is:

a. entrepreneur,

B. intrapreneur,

c. manager,

d. chief executive.

13. Who introduced the term intrapreneur:

a. schumpeter,

B. peter drucker,

c. david mcclelland,

d. gifford pinchot 111.

14. A micro enterprise is one in which the investment in plant and machinery doesnot exceed Rs. ……………………

a. 25 lakhs

B. 50 lakhs

c. 1 crore

d. 10 lakhs

15. A small enterprise is one in which the investment in plant and machinery is morethan Rs…………………. But does not exceed Rs………………….. .

a. 10 lakhs / 2 crores

B. 25 lakhs /5crores

c. 5 crores/ 10 crores

d. 2 crores/5 crores

16. A medium enterprise is one in which the investment in plant and machinery ismore than Rs ……………………. But does not exceed Rs ………………….. .

a. 10 lakhs / 2 crores

B. 25 lakhs /5crores

c. 5 crores/ 10 crores

d. 2 crores/5 crores

17. A micro enterprise is one in which the investment in plant and machinery doesnot exceed Rs…………………….. .

a. 25 lakhs

B. 50 lakhs

c. 1 crore

d. 10 lakhs

18. A small enterprise is one in which the investment in plants and machinery ismore than Rs ……………. But does not exceed Rs …………………… .

a. 10 lakhs / 2 crores

B. 25 lakhs /5crores

c. 5 crores/ 10 crores

d. 2 crores/5 crores

19. A medium enterprise is one in which the investment in plant and machinery ismore than Rs ……………… but does not exceed Rs……………………. ..

a. 10 lakhs / 2 crores

B. 25 lakhs /5crores

c. crores/ 10 crores

d. 2 crores/5 crores

20. ……………………. Units provide inputs to other industries.

a. export

B. small

c. ancillary

d. none of these

21. …………………………….. Registration helps the entrepreneur to take necessary stepsto bring industrial units into existence.

a. provisional

B. permanent

c. both of these

d. none of these

22. The MSME Development Act came into force in ………………….

a. 2005

B. 2006

c. 2010

d. 2001

23. Capital investment subsidy was introduced in ………………………………….

a. 1973

B. 1971

c. 1972

d. 1970

24. ………………………………. Is the financial and promotional assistance provided by the Govt. to the industries for boosting up industrial development in all regionsparticularly in backward areas.

a. seed capital

B. incentive

c. subsidy

d. none of these

25. ………………………………….is the place where the required facilities and factoryaccommodation are provided by the government to the entrepreneurs to establish their industries there.

a. industry

B. industrial estate

c. company

d. none of these

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