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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) .

101.

Entrepreneur is a person or a group of persons who bears ------------------.

A. Risk
B. Loss
C. Certainty
D. None of these.
Answer» A. Risk
102.

The function performed by entrepreneur is called -------------------.

A. Management
B. Enterprise
C. Entrepreneurship
D. Administration.
Answer» C. Entrepreneurship
103.

The concept of entrepreneurship involves ------------------ key elements.

A. 6
B. 7
C. 4
D. 3.
Answer» C. 4
104.

Entrepreneurship is a -------------------.

A. Person
B. Process of action
C. Object
D. None of these.
Answer» B. Process of action
105.

Enterprice is a ---------------------.

A. Object
B. Person
C. Process of action
D. None of these.
Answer» A. Object
106.

The reward for the entrepreneur is ---------------------.

A. Salary
B. Wage
C. Profit
D. None of these.
Answer» C. Profit
107.

-------------------- operated from within the organization itself.

A. Entrepreneur
B. Intrapreneur
C. Organizer
D. None of these.
Answer» B. Intrapreneur
108.

The willingness to face the losses arising from the uncertainties in the field of business bravely called .

A. Risk bearing
B. Loss
C. Uncertainty
D. Certainty.
Answer» A. Risk bearing
109.

------------------ Entrepreneurs are imitating the successful innovations made by other entrepreneurs.

A. Imitating
B. Fabian
C. Rational
D. Cognitive.
Answer» A. Imitating
110.

---------------- Entrepreneurs are shy and lazy .

A. Drone
B. Cognitive
C. Fabian
D. Trading.
Answer» C. Fabian
111.

---------------- entrepreneurs undertakes a trading activity.

A. Busines
B. Technical
C. Low-tech
D. Trading.
Answer» D. Trading.
112.

------------ entrepreneur is a craftsman.

A. Professional
B. Technical
C. ) Redact
D. Corporate
Answer» B. Technical
113.

---------------- entrepreneur undertakes agricultural activities.

A. Pure
B. Service
C. Agricultural
D. Induced.
Answer» C. Agricultural
114.

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

A. Corporate
B. Motivated
C. Industrial
D. None of these.
Answer» A. Corporate
115.

------------------- entrepreneurs are concerned only with developing alternative marketing strategies to promote the business.

A. Technical
B. Industrial
C. Trading
D. Non technical.
Answer» D. Non technical.
116.

---------------------- entrepreneurs are motivated by psychological and economic rewards.

A. Professional
B. Pure
C. Induced
D. None of these.
Answer» B. Pure
117.

---------------- entrepreneurs follow the traditional method of production.

A. Drone
B. Rational
C. Fabian
D. Imitating.
Answer» A. Drone
118.

------------- entrepreneur hardly introduces anything revolutionary and follows the principle of rule of thumb.

A. Cognitive
B. Rational
C. Empirical
D. None of these.
Answer» C. Empirical
119.

------------------ entrepreneur who starts business with the help of his natural talents.

A. Induced
B. Spontaneous
C. Growth
D. Classical entrepreneur.
Answer» B. Spontaneous
120.

------------- is a stereo-typed entrepreneur.

A. Professional
B. Modern
C. Classical
D. none of these.
Answer» C. Classical
121.

---------------- is the miner state of mind.

A. Desire
B. Strivings
C. Motivation
D. None of these.
Answer» C. Motivation
122.

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

A. 3
B. 6
C. 2
D. 8.
Answer» A. 3
123.

--------------- is the 1st needs of Maslow’s needs hierarchy theory .

A. Esteem
B. Social
C. Safety
D. physiological.
Answer» D. physiological.
124.

----------------- is the last need of Maslow’s needs hierarchy theory.

A. Self actualization need
B. Physiological needs
C. Social needs
D. Safety needs.
Answer» A. Self actualization need
125.

According to David Mc Cleland a person acquires ---------------- types of needs from his life experience.

A. 4
B. 9
C. 5
D. 3.
Answer» D. 3.
126.

------------------- acts as a driving force for the performance of economic activities.

A. Intrapreneur
B. Entrepreneur
C. Manager
D. None of these.
Answer» B. Entrepreneur
127.

------------------ is essential for every business

A. Capital
B. Risk
C. Profit
D. None of these.
Answer» A. Capital
128.

--------------- is the most important socio-economic problem faced by the developing countries.

A. Over problem
B. Unemployment
C. Lack of technology
D. None of these.
Answer» B. Unemployment
129.

E O U stands for

A. Export oriented unit
B. Export output units
C. Export output undertakings
D. None of these.
Answer» A. Export oriented unit
130.

Less developed nations are labor rich nations due to ------------------.

A. Growing population
B. Less population
C. Lack of education
D. None of these.
Answer» A. Growing population
131.

------------- is the life blood of every business

A. Finance
B. Profit
C. Technology
D. Human resources.
Answer» A. Finance
132.

---------------- is a training programs.

A. EDP
B. EOU
C. EPZ
D. None of these.
Answer» A. EDP
133.

------------------ consists of individuals assistance to entrepreneurs.

A. Project
B. Support system
C. Target groups
D. none of these.
Answer» B. Support system
134.

TDA stands for

A. Teaching development authority
B. Tax development authority
C. Trade development authority
D. None of these.
Answer» C. Trade development authority
135.

SISI stands for

A. Small industries service institute
B. Sect oral industries service institute.
C. Small investment and sect oral industries
D. None of these.
Answer» A. Small industries service institute
136.

DIC stands for

A. District industries center
B. Development investment centers
C. Development institute for consultancy
D. none of these.
Answer» A. District industries center
137.

------------ is a scientifically evolved web plan devised to achieve a specific objective within a specified period of time.

A. Management
B. Administration
C. Project
D. Appraisal.
Answer» C. Project
138.

--------------- studies regarding the project help evaluate the economic and commercial viability of the project.

A. Feasibility
B. Pre feasibility
C. Development
D. none of these.
Answer» A. Feasibility
139.

---------- Projects requires minimum capital cost.

A. Crash
B. Disaster
C. Magnitude
D. Normal.
Answer» D. Normal.
140.

-------------------- project requires additional capital cost to same time.

A. Normal
B. Crash
C. Disaster
D. Quantifiable.
Answer» B. Crash
141.

----------------- opportunities do not involve any kind of changes to the existing state of affairs.

A. Break through
B. Complementary
C. Additive
D. none of these.
Answer» C. Additive
142.

By adopting ---------------- opportunities , the entrepreneur can better utilize the existing resources and the existing character of a business.

A. Additive
B. Complementary
C. Break through
D. Economic.
Answer» A. Additive
143.

-------------------is a person of study which covers all the aspects of an investment project

A. Feasibility study
B. Pre -feasibility study
C. Techno- economic analysis
D. none of these.
Answer» A. Feasibility study
144.

---------------------- constitutes the first step of new venture

A. Project formulation
B. Project appraisal
C. Project identification
D. Project evaluation.
Answer» C. Project identification
145.

----------------- is one of the most important sources of project ideas.

A. Observation
B. Magazines
C. Bulletins
D. none of these.
Answer» A. Observation
146.

The availability of required inputs must be ensured in the choice of ------------------- industry.

A. Resource based industry
B. Demand based industry
C. Import substitution and export oriented units
D. none of these.
Answer» A. Resource based industry
147.

------------------ phase starts after the trail run of the project frame work developed during the construction phase.

A. Normalization
B. Initial
C. Development
D. Pre-investment.
Answer» A. Normalization
148.

--------------- phase begins after the investment decisions are taken.

A. Pre-investment
B. Normalization
C. Construction
D. Development.
Answer» C. Construction
149.

The project idea is developed into an investment proposition during the ----------------- phase.

A. ) Pre-investment
B. Normalization
C. Construction
D. none of these.
Answer» A. ) Pre-investment
150.

------------------ is the conversion of an idea into a concrete project.

A. Project formulation
B. Project management
C. Project identification
D. Project selection.
Answer» A. Project formulation

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