McqMate
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) .
| 201. |
A spontaneous entrepreneur is one |
| A. | who is motivated by others to start an enterprise |
| B. | who is induced by governmental policy |
| C. | who is motivated by psychological rewards |
| D. | who has strong conviction and confidence in his in-born ability |
| Answer» D. who has strong conviction and confidence in his in-born ability | |
| 202. |
According to Druckers, how many conditions have to be fulfilled for systematic innovation |
| A. | Three |
| B. | Four |
| C. | Five |
| D. | Six |
| Answer» A. Three | |
| 203. |
“Entrepreneurs reacted to economic change, thereby becoming the economic agents who transformed demand into supply.” This statement is given by: |
| A. | Adam Smith |
| B. | Cantillon |
| C. | Evans |
| D. | Peter F Drucker |
| Answer» A. Adam Smith | |
| 204. |
John Stuart Mill observed the necessity of entrepreneurship in business for economic development in |
| A. | 1945 |
| B. | 1946 |
| C. | 1947 |
| D. | 1948 |
| Answer» D. 1948 | |
| 205. |
According to Clarence Danhof, types of entrepreneurs are |
| A. | Two |
| B. | Three |
| C. | Four |
| D. | Five |
| Answer» C. Four | |
| 206. |
An entrepreneur is: |
| A. | Risk-bearer |
| B. | Organizer |
| C. | Innovator |
| D. | All of the above |
| Answer» D. All of the above | |
| 207. |
Which of the following is not a Managerial function of entrepreneur? |
| A. | Accounting |
| B. | Organizing |
| C. | Staffing |
| D. | Planning |
| Answer» A. Accounting | |
| 208. |
Innovation is considered as hallmark for an entrepreneur is the view held by; |
| A. | Richard Cantillon |
| B. | Peter Drucker |
| C. | Joseph A Schumpter |
| D. | David C.McClelland |
| Answer» C. Joseph A Schumpter | |
| 209. |
The most suitable type of entrepreneur for a developing economy like India is: |
| A. | Innovaive |
| B. | Imitative |
| C. | Fabian |
| D. | Drone |
| Answer» B. Imitative | |
| 210. |
Which of the following is not a personal characteristic often found in an entrepreneur? |
| A. | self-confident |
| B. | Independent |
| C. | perceptive |
| D. | follower |
| Answer» D. follower | |
| 211. |
An individual who starts, creates and manages a new business can be called: |
| A. | Leader |
| B. | Manager |
| C. | Entrepreneur |
| D. | Professional |
| Answer» C. Entrepreneur | |
| 212. |
Role of entrepreneus includes: |
| A. | Employment generation |
| B. | Wealth creation & Poverty reduction |
| C. | Rural Development |
| D. | All of the above |
| Answer» D. All of the above | |
| 213. |
Balanced regional development includes: |
| A. | Economin and non-economic considerations |
| B. | Economin consideration only |
| C. | Non-economin consideration only |
| D. | All of the above |
| Answer» A. Economin and non-economic considerations | |
| 214. |
An entrepreneurs plays an important role in: |
| A. | Economic development |
| B. | Political development |
| C. | Religious development |
| D. | None of the above |
| Answer» A. Economic development | |
| 215. |
“Entrepreneurship is an innovative function. It is leadership rather than ownership,” was given by: |
| A. | H N Pathak |
| B. | Joseph A. Schumpeter |
| C. | Peter F Drucker |
| D. | H W Johnson |
| Answer» C. Peter F Drucker | |
| 216. |
Many entrepreneurs fail due to |
| A. | Lack of motivation |
| B. | Lack of technical skills |
| C. | Lack of business knowledge |
| D. | All of the above |
| Answer» D. All of the above | |
| 217. |
_________defines an entrepreneur as one, who always searches for change, responds to it and exploits it as an opportunity |
| A. | Richard Canilton |
| B. | Peter F Drucker |
| C. | Joseph Schumpeter |
| D. | Henry Fayol |
| Answer» B. Peter F Drucker | |
| 218. |
The term concept of entrepreneurship originated in |
| A. | 18th century |
| B. | 17th century |
| C. | 16th century |
| D. | 15th century |
| Answer» C. 16th century | |
| 219. |
In relation to Indian Industries, entrepreneurship is |
| A. | Necessary |
| B. | Unnecessary |
| C. | Burden |
| D. | Wastage of time & money |
| Answer» A. Necessary | |
| 220. |
___________shows the process of creating something new. |
| A. | Innovation |
| B. | Business model |
| C. | Modeling |
| D. | Creative flexibility |
| Answer» A. Innovation | |
| 221. |
The goals should be ______for the success of business plan |
| A. | Generalized |
| B. | Specific |
| C. | Limitless |
| D. | Imaginary |
| Answer» B. Specific | |
| 222. |
The term concept of entrepreneurship originated in |
| A. | 18th century |
| B. | 16th century |
| C. | 17th century |
| D. | 15th century |
| Answer» A. 18th century | |
| 223. |
In relation to Indian industries entrepreneurship is: |
| A. | Necessary |
| B. | Burden |
| C. | Unnecessary |
| D. | Wastage of time & money |
| Answer» A. Necessary | |
| 224. |
Entrepreneur is: |
| A. | Innovator |
| B. | Problem solver |
| C. | Risk taker |
| D. | All of these |
| Answer» D. All of these | |
| 225. |
An entrepreneur plays an important role in: |
| A. | Economic development |
| B. | Religious development |
| C. | Political development |
| D. | None of these |
| Answer» A. Economic development | |
| 226. |
An entrepreneur is: |
| A. | Born |
| B. | Born & made both |
| C. | Made |
| D. | None of these |
| Answer» B. Born & made both | |
| 227. |
Entrepreneurs are helpful in bringing about: |
| A. | Balanced industrial development |
| B. | Unbalanced industrial development |
| C. | Scattered industrial development |
| D. | None of these |
| Answer» A. Balanced industrial development | |
| 228. |
Entrepreneur in employment opportunities: |
| A. | Increase |
| B. | Decrease |
| C. | Neither increase nor decrease |
| D. | None of these |
| Answer» A. Increase | |
| 229. |
The first Industrial Policy Resolution 1948 was held during: |
| A. | Pre-independence era |
| B. | Swadeshi movement |
| C. | Post-war period |
| D. | Post-independence era |
| Answer» D. Post-independence era | |
| 230. |
Innovation theory first was given by: |
| A. | David McClelland |
| B. | Peter F. Drucker |
| C. | Joseph A. Schumpeter |
| D. | Richard Cantillon |
| Answer» C. Joseph A. Schumpeter | |
| 231. |
David McClelland has introduced the theory of: |
| A. | Need for Achievement |
| B. | Innovation |
| C. | Agent |
| D. | Good Leadership Skills |
| Answer» A. Need for Achievement | |
| 232. |
From which Five Year Plan the moto was ‘an economy is the effect for which entrepreneurship is the cause’: |
| A. | 5th |
| B. | 6th |
| C. | 7th |
| D. | 8th |
| Answer» B. 6th | |
| 233. |
„Entreprendre‟ is: |
| A. | English language |
| B. | Latin language |
| C. | Russian language |
| D. | French language |
| Answer» D. French language | |
| 234. |
The characteristic of an entrepreneur is: |
| A. | need to achieve |
| B. | risk bearing capacity |
| C. | optimist |
| D. | all of the above |
| Answer» D. all of the above | |
| 235. |
Innovation means: |
| A. | execution of new ideas |
| B. | implementation of new ideas |
| C. | operation of new ideas |
| D. | separation of new ideas |
| Answer» B. implementation of new ideas | |
| 236. |
Role of entrepreneur can be depicted |
| A. | giving emphasis on village and cottage industries |
| B. | starting big business |
| C. | imitating other business |
| D. | doing trading business |
| Answer» A. giving emphasis on village and cottage industries | |
| 237. |
Entrepreneurship played a pivotal role in bringing social stability by: |
| A. | maximising profit |
| B. | increasing own wealth |
| C. | alleviating of poverty |
| D. | developing business |
| Answer» C. alleviating of poverty | |
| 238. |
Dynamic entrepreneurship innovation theory was developed during |
| A. | 1949 |
| B. | 1950 |
| C. | 1951 |
| D. | 1952 |
| Answer» A. 1949 | |
| 239. |
Thematic appreciation test is conducted by the |
| A. | Mc Clelland |
| B. | Young |
| C. | Kinzner |
| D. | Knight |
| Answer» B. Young | |
| 240. |
X-efficiency theory indicates the use of resources in terms of |
| A. | efficiency |
| B. | inefficiency |
| C. | proper |
| D. | improper |
| Answer» B. inefficiency | |
| 241. |
Most of EDPs have |
| A. | Three phase |
| B. | Four phase |
| C. | Five phase |
| D. | Six phase |
| Answer» A. Three phase | |
| 242. |
The Khadi and Village industries commission was established in |
| A. | April 1957 |
| B. | Sept 1957 |
| C. | Sept 1967 |
| D. | April 1987 |
| Answer» A. April 1957 | |
| 243. |
The DICs programme was started by the central govt in |
| A. | 1968 |
| B. | 1978 |
| C. | 1988 |
| D. | 1998 |
| Answer» B. 1978 | |
| 244. |
KVIC has launched common brand names for KVIC products in |
| A. | July 2001 |
| B. | August 2001 |
| C. | September 2001 |
| D. | October 2001 |
| Answer» D. October 2001 | |
| 245. |
Rural industries consultancy services cell is set up under |
| A. | DIC |
| B. | Industries department |
| C. | NABARD |
| D. | KVIC |
| Answer» D. KVIC | |
| 246. |
EDP implies: |
| A. | Development of entrepreneurial ablilities |
| B. | Development of business |
| C. | Development of society |
| D. | None of the above |
| Answer» A. Development of entrepreneurial ablilities | |
| 247. |
National Bank for Agriculture and Rural Development initial is: |
| A. | NBA |
| B. | NABARD |
| C. | BARD |
| D. | None of the above |
| Answer» B. NABARD | |
| 248. |
The Indian Institute of Entrepreneurship (IIE) was established in the year |
| A. | 1989 |
| B. | 1998 |
| C. | 1993 |
| D. | 2002 |
| Answer» C. 1993 | |
| 249. |
Phases of EDP consist of |
| A. | Pre-training phase |
| B. | Training phase |
| C. | Follow-up |
| D. | All of the above |
| Answer» D. All of the above | |
| 250. |
According to Schumpeter‟s Theory of Innovation, innovation involve: |
| A. | New products |
| B. | Opening of new market |
| C. | New method of production |
| D. | All of the above |
| Answer» D. All of the above | |
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