Entrepreneurship and Startup India

What is the process of setting up one’s own business called?

• Entrepreneurship

• Employment

• Innovation

• Production

When is startup India Scheme is first announced

• 15 July 2015

• 15 August 2015

• 15 September 2015

• 15 June 2015

What is the output of the entrepreneurship process called?

• Entrepreneur

• Enterprise

• Innovation

• Production

What is the purpose of entrepreneurship?

• Creation of value

• Employment

• Innovation

• Production

What does the term 'risk-taking' imply in entrepreneurship?

• Entrepreneurs take high risks

• Entrepreneurs avoid risks

• Entrepreneurs take low risks

• Entrepreneurs take calculated risks

What is a Startup?

• A business enterprise started less than five years ago

• A government initiative

• A type of investment

• A form of employment

What is one of the benefits of the Startup India scheme?

• No inspection for three years

• High taxation

• Limited funding

• No registration

What is the role of Intellectual Property Rights (IPR) in entrepreneurship?

• Protects inventions

• Increases competition

• Reduces market value

• Limits creativity

What are the two categories of Intellectual Property?

• Industrial property and Copyright

• Patents and Trademarks

• Artistic works and Inventions

• Literary works and Designs

What is the significance of the IP system for innovative entrepreneurship?

• Gives market value to innovative potential

• Limits business growth

• Increases costs

• Decreases competition