ED-1

Who is an entrepreneur?

• a) A person who organizes and operates a business
  
  

• b) A person who invests in stocks

• c) A person who works for a government organization

• d) A person who works as an employee in a company

Which of the following is NOT a trait of an entrepreneur?

• a) Risk-taking

• b) Innovation

• c) Aversion to change

• d) Leadership

What is the primary function of an entrepreneur?

• a) To manage company finances

• b) To organize the resources for starting a business

• c) To hire employees

• d) To supervise day-to-day operations

What is entrepreneurship?

• a) The act of managing finances in an organization

• c) The study of market demand

• b) The process of creating and running a new business

• d) The planning of financial statements

Who is a social entrepreneur?

• a) A person focused on profit maximization

• b) A person who starts a business to address social problems

• c) A person who runs a business without considering social impact

• d) A person who only invests in technology-based businesses

What is the role of a women entrepreneur?

• a) To manage household tasks while earning an income

• b) To create and run businesses, contributing to economic development

• c) To stay involved only in family-run businesses

• d) To become a government employee

What does the term "innovative entrepreneur" refer to?

• a) An entrepreneur focused on small-scale businesses

• b) An entrepreneur who brings new ideas and inventions to the market

• c) An entrepreneur who avoids technological advancements

• d) An entrepreneur who follows traditional business models

What role do entrepreneurs play in economic development?

• a) They only generate profits for their businesses

• b) They create employment opportunities and contribute to GDP

• c) They focus only on expanding their businesses

• d) They minimize competition in the market

In India, what is one government initiative that encourages entrepreneurship?

• a) Make in India

• b) Corporate Tax Incentives

• c) Digital India

• d) Atmanirbhar Bharat

According to Joseph Schumpeter, what is the role of entrepreneurs in "creative destruction"?

• a) To maintain traditional market structures

• b) To introduce new products and services, thereby disrupting existing market conditions

• c) To only focus on expanding existing businesses

• d) To avoid innovation and stick to conventional methods