EDP-Unit-1-Revision Quiz

The word entrepreneur is derived from French word, entrepredre, which means ________

• search for change

• respond to opportunity

• to undertake

• new ideas

________________is described as a process of action an entrepreneur undertakes to establish his enterprise.

• Entrepreneurship

• Enterprise

• Organization

• Risk

Identify the pros of being an entrepreneur

• Time Management

• Experience

• Originality and respect

• Benefits

Identify the Cons of Being an Entrepreneur

• Remuneration

• Better utilization of skills and knowledge

• Be your own boss

• Converting an idea into money

They procure the finished products from the manufacturers and sell these to the customers directly or through a retailer.

• Trading Entrepreneur

• Agricultural Entrepreneur

• Manufacturing Entrepreneur

• Spontaneous entrepreneur

An entrepreneur who has made investment in plant and machinery up to Rs 1 crore is called ________

• Medium-ScaleEntrepreneur

• Small-scale entrepreneur

• Large-Scale entrepreneur

• None of the above

These are characterized by a refusal to adopt opportunities to make changes in production

• Fabian Entrepreneurs

• Drone Entrepreneurs

• Imitative Entrepreneurs

• Induced entrepreneur

In order to motivate potential businessmen to start their own ventures, the Central and State Governments provide facilities and incentives to___________

• Induced entrepreneur

• Pure entrepreneur

• Spontaneous entrepreneur

• Motivated entrepreneur

_____________ is designed to transform India into a global design and manufacturing hub

• Make in India

• Startup India

• Digital India

• Stand-Up India

Which of these government policies seeks to leverage institutional credit for the benefit of India’s underprivileged.

• Startup India

• Stand-Up India

• Digital India

• AIM