Entrepreneurship Quiz

Who is considered the "Father of Modern Entrepreneurship"?

• Joseph Schumpeter

• Peter Drucker

• Adam Smith

• Steve Jobs

Which of the following best defines an entrepreneur?

• A manager of a large corporation

• A person who identifies a business opportunity and takes the risk to pursue it

• A person who only invests in stock markets

• A government official

What is a startup?

• A large company

• A non-profit organization

• A business in its early stages of development and operation

• A well-established business

Which document outlines the goals, strategies, and financial projections of a business?

• Feasibility Study

• SWOT Analysis

• Business Plan

• Financial Report

What does MVP stand for in entrepreneurship?

• Most Valuable Plan

• Minimum Viable Product

• Minimum Viable Proposition

• Major Venture Project

The concept of "Creative Destruction" in entrepreneurship was proposed by:

• Joseph Schumpeter

• Karl Marx

• Max Weber

• Milton Friedman

Which of the following is a characteristic of successful entrepreneurs?

• Avoiding risks

• Problem-solving mindset

• Relying on luck

• Following strict rules

Bootstrapping in entrepreneurship means:

• Using external investors' funds

• Securing a bank loan

• Building a business using personal savings or resources

• Taking a government subsidy

Which government initiative in India promotes entrepreneurship among youth?

• Startup India

• Make in India

• Digital India

• Skill India

Angel investors are:

• Banks providing loans

• Government funding agencies

• Individuals investing their own money into startups

• Venture capital firms