1. Bachelor of Business Administration (BBA...
  2. Entrepreneurship Development (ED)
  3. Set 1

Entrepreneurship Development (ED) Solved MCQs

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1.

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

A. robert owen
B. joseph schumpeter
C. richard cantillon
D. max weber
Answer» C. richard cantillon
2.

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

A. motivation
B. need for achievement
C. competency
D. none of these
Answer» B. need for achievement
3.

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

A. technical
B. fabian
C. induced
D. business
Answer» A. technical
4.

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

A. technical
B. fabian
C. induced
D. business
Answer» B. fabian
5.

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

A. robert owen
B. joseph schumpeter
C. richard cantillon
D. gifford pinchot
Answer» D. gifford pinchot
6.

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

A. innovation,
B. invention,
C. skill,
D. creativity.
Answer» A. innovation,
7.

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

A. innovation.
B. competency.
C. skill.
D. creativity.
Answer» B. competency.
8.

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

A. drone.
B. business.
C. women.
D. adoptive.
Answer» C. women.
9.

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

A. innovation,
B. invention,
C. skill,
D. creativity.
Answer» 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
Answer» D. all of these
11.

The entrepreneur who does not change the method of production already introduced is:

A. drone entrepreneur,
B. fabian entrepreneur,
C. classical entrepreneur,
D. none of these.
Answer» A. drone entrepreneur,
12.

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

A. entrepreneur,
B. intrapreneur,
C. manager,
D. chief executive.
Answer» B. intrapreneur,
13.

Who introduced the term intrapreneur:

A. schumpeter,
B. peter drucker,
C. david mcclelland,
D. gifford pinchot 111.
Answer» D. gifford pinchot 111.
14.

A micro enterprise is one in which the investment in plant and machinery does not exceed Rs. ……………………

A. 25 lakhs
B. 50 lakhs
C. 1 crore
D. 10 lakhs
Answer» A. 25 lakhs
15.

A small enterprise is one in which the investment in plant and machinery is more 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
Answer» B. 25 lakhs /5crores
16.

A medium enterprise is one in which the investment in plant and machinery is more 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
Answer» C. 5 crores/ 10 crores
17.

A micro enterprise is one in which the investment in plant and machinery does not exceed Rs…………………….. .

A. 25 lakhs
B. 50 lakhs
C. 1 crore
D. 10 lakhs
Answer» A. 25 lakhs
18.

A small enterprise is one in which the investment in plants and machinery is more 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
Answer» A. 10 lakhs / 2 crores
19.

A medium enterprise is one in which the investment in plant and machinery is more 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
Answer» D. 2 crores/5 crores
20.

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

A. export
B. small
C. ancillary
D. none of these
Answer» C. ancillary
21.

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

A. provisional
B. permanent
C. both of these
D. none of these
Answer» A. provisional
22.

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

A. 2005
B. 2006
C. 2010
D. 2001
Answer» B. 2006
23.

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

A. 1973
B. 1971
C. 1972
D. 1970
Answer» B. 1971
24.

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

A. seed capital
B. incentive
C. subsidy
D. none of these
Answer» B. incentive
25.

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

A. industry
B. industrial estate
C. company
D. none of these
Answer» B. industrial estate
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