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390+ Entrepreneurship Solved MCQs

These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) , Bachelor of Commerce (B Com) .

1.

An entrepreneur who starts business with the help of natural talent is called

A. )Pure entrepreneur
B. Included entrepreneur
C. Spontaneous entrepreneur
D. Motivated entrepreneur .
Answer» C. Spontaneous entrepreneur
2.

A training program which is instrumental in making a person successful entrepreneur is known as

A. Technical consultancy
B. Entrepreneurial development program
C. Self employment training
D. Achievement motivation training.
Answer» B. Entrepreneurial development program
3.

D I C stands for

A. District industrial centre
B. district industries centre
C. District industrial council
D. district industrial committee.
Answer» B. district industries centre
4.

The govt. of India has defined woman entrepreneur s on the basis of

A. their participation in the equity and employment of business enterprise.
B. Their participation in employment
C. .Their personal assets and savings
D. Their job satisfaction and achievement.
Answer» A. their participation in the equity and employment of business enterprise.
5.

An entrepreneur who introduces new goods technology and better combination of an enterprise is an --------------------- entrepreneur.

A. Fabian
B. Innovative
C. Drone
D. Cognitive
Answer» B. Innovative
6.

The ---------------- entrepreneur draws up the advise and services of experts and introduces changes that reflects a complete break up from the existing of things.

A. Cognitive
B. Empirical
C. Retail
D. Rational.
Answer» A. Cognitive
7.

An entrepreneur who is a dynamic person and is interested in establishing a business enterprise is called --------------------- entrepreneur.

A. Technical
B. Trading
C. Professional
D. First generation.
Answer» C. Professional
8.

A------------------------- entrepreneur is a “Craftsman” .

A. Motivate
B. Spontaneous
C. Classical
D. Technical
Answer» D. Technical
9.

--------------------- entrepreneur is an individual who plans, develops and manages a corporate enterprise.

A. Busines
B. Corporate
C. Service
D. Induced.
Answer» B. Corporate
10.

A person who owns , operate and takes risk of a business venture.

A. Manager
B. Employee
C. Entrepreneur
D. Entrepreneurship.
Answer» C. Entrepreneur
11.

The primary motivating force behind entrepreneur is.

A. Fame
B. Money
C. Achievement
D. Recognition.
Answer» B. Money
12.

Who can become an entrepreneur?

A. Only a graduate
B. Only a rich man
C. People above 30 years
D. Anyone.
Answer» D. Anyone.
13.

People who work for someone else.

A. Director
B. Employee
C. Entrepreneur
D. Owner.
Answer» B. Employee
14.

---------------------- is the most important function of an entrepreneur according to Schumpeter.

A. Innovation
B. Organizing
C. managing
D. Exploring the market opportunities.
Answer» A. Innovation
15.

------------------------ has a vital role in the economic growth of a country.

A. Manager
B. Employee
C. Entrepreneur
D. Entrepreneur.
Answer» D. Entrepreneur.
16.

------------------------Urges a person to move or behave.

A. Risk bearing capacity
B. Motivation
C. Training
D. Objectives.
Answer» B. Motivation
17.

An ------------------ is his own boss.

A. Entrepreneur
B. Entrepreneur
C. Manager
D. Director.
Answer» B. Entrepreneur
18.

who introduces the “Theory of need achievent”.

A. M.C. Dell and
B. Maslow
C. A.H.Cole
D. Schumpeter.
Answer» A. M.C. Dell and
19.

Who introduces the need hierarchy theory?

A. Hagen
B. Schumpeter
C. Maslow
D. Dan hot.
Answer» C. Maslow
20.

Innovation means --------------------.

A. Invention
B. Creating something new
C. Imagination
D. None of these.
Answer» B. Creating something new
21.

There are ------------------------ basic elements in the process of motivation.

A. 5
B. 2
C. 6
D. 3.
Answer» D. 3.
22.

The word entrepreneur is derived from the --------------- word.

A. Latin
B. French
C. Greek
D. None of these .
Answer» B. French
23.

----------------- is a situation where the individuals do not get any jobs.

A. Unemployment
B. Under employment
C. Employment
D. none of these.
Answer» A. Unemployment
24.

Which of the following is not a characteristic of a project?

A. Capital investment is an inevitable part
B. It is a scientifically evolved plan to achieves an oblective.
C. Project identification
D. project preparation.
Answer» C. Project identification
25.

The 1st stage in a project cycle is.

A. project evaluation
B. project appraisal
C. project identification
D. project preparation.
Answer» C. project identification
26.

project appraisal involves analysis of

A. Market variables ,technical variables, financial variables and economic variables.
B. Commercial, technical, social and political variables.
C. Technical, economic, social and financial variables.
D. Market, economic, social and financial variables.
Answer» A. Market variables ,technical variables, financial variables and economic variables.
27.

The non physical recourses required for a project are .

A. .Finance, personal inventories and infrastructural facilities.
B. Patents, unique experiences and skill.
C. Nature, location, size and of the project.
D. Policies, social taboos ,people and things.
Answer» B. Patents, unique experiences and skill.
28.

The collection and use of information from published sources is called ---------------.

A. Desk research
B. Techno economic survey
C. Primary data
D. None of these.
Answer» A. Desk research
29.

----------------------- is the process of evaluating the project idea with the limitations and constraints of entrepreneur.

A. Pre-feasibility study
B. Economic analysis
C. Feasibility analysis
D. Techno economic analysis.
Answer» C. Feasibility analysis
30.

---------------- is the 1st phase in the life cycle of a project.

A. Construction
B. Normalization
C. The pre-investment
D. Development stage.
Answer» C. The pre-investment
31.

P E R T stands for.

A. program evaluation and review technique.
B. Project evaluation and review technique.
C. Preparation and evaluation of review technique.
D. None of these.
Answer» A. program evaluation and review technique.
32.

C P M stands for

A. Critical path method
B. Criteria for profit making
C. Critical program method
D. None of these.
Answer» A. Critical path method
33.

--------------------- is the combination of activities and of a project.

A. Network
B. Design
C. Techniques
D. None of these.
Answer» A. Network
34.

------------- is the third stage of project formulation.

A. Techno economic analysi
B. Input analysis
C. Project design and network analysis
D. Financial analysis.
Answer» C. Project design and network analysis
35.

------------------- involves a step by step investigation and development of a project idea.

A. project identification
B. project evaluation
C. project appraisal
D. project formulation.
Answer» D. project formulation.
36.

------------------ means the assessment of a project .

A. project identification
B. project management
C. project planning
D. project appraisal.
Answer» D. project appraisal.
37.

project in which a reasonable quantitative assessment of the benefits can be made known as --------.

A. Disaster project
B. Crash project
C. Quantifiable project
D. Sectoral projects.
Answer» C. Quantifiable project
38.

-------------------- is an approval of a capital investment to develop facilities to provide goods and services.

A. Project
B. Additive opportunities
C. Complementary opportunities
D. None of these.
Answer» A. Project
39.

Which one of the following is the prescribed investment limit for micro manufacturing enterprise as per the micro small and medium enterprise development act 2006?

A. More than Rs.25lakhs but does not exceed Rs5crore
B. Does not exceed Rs25lakhs
C. More than Rs5crores but does not exceed RS10crores
D. More than 10crores.
Answer» B. Does not exceed Rs25lakhs
40.

The main objectives of national micro small and medium enterprises is to provide.

A. Fiancé to need working c p t l requirement
B. Adequate training to small entrepreneurs.
C. Machinery and equipment to small industrial units.
D. sanction loans to small industrial units.
Answer» C. Machinery and equipment to small industrial units.
41.

The initial capital used to start a business is called.

A. A bridge capital
B. Seed capital
C. Margin money
D. Redundant capital.
Answer» B. Seed capital
42.

N I E S B U D was established in.

A. 1980
B. 1982
C. 1983
D. 1985.
Answer» C. 1983
43.

------------------------ intended to cover the time tag between the sanctioning and disbursement of a term loan or to cover the time tag in receiving the proceeds of a public issue.

A. Bridge loan
B. Seed capital
C. Margin money
D. Redundant capital.
Answer» A. Bridge loan
44.

-------------------- is the advance gives to cover the finance requirement during the time tag between sanctioning and disbursement of term loan by financial institutions.

A. Incentive
B. Bridge capital
C. Subsidy
D. Venture capital.
Answer» B. Bridge capital
45.

-------------- is the work of scientist.

A. Invention
B. Innovation
C. Both
D. None.
Answer» A. Invention
46.

Which of these is not a environmental barrier to entrepreneurship .

A. Lack of skilled labor
B. Custom of people
C. Lack of fund
D. Lack of infrastructure.
Answer» B. Custom of people
47.

Which of these is a social barrier to entrepreneurship.

A. low stales’
B. Custom of people
C. Both
D. None.
Answer» C. Both
48.

An inner urge in an individual to do sometimes is called ----------------.

A. Persistence
B. Initiative
C. Competency
D. Creativity.
Answer» B. Initiative
49.

Project for industrial development is an --------------------- project.

A. Quantifiable
B. Non- Quantifiable
C. Sect oral
D. Crash.
Answer» A. Quantifiable
50.

------------------ is the work of entrepreneurs.

A. Invention
B. Innovation
C. Both
D. None.
Answer» B. Innovation

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