Entrepreneurship Basics

Raj is passionate about organic farming and wants to start a business selling organic vegetables online. What is the first step he should take before launching his startup?

• Invest all his savings into the business

• Conduct market research to assess demand

• Hire employees immediately

• Register his company with the government

Meera left her well-paying corporate job to launch a handmade jewelry brand. Which type of risk is she primarily taking?

• Operational risk

• Financial risk

• Legal risk

• Environmental risk

An entrepreneur is deciding between launching a food delivery startup in a metro city or a rural area. Which factor should be the most important in making this decision?

• The presence of large corporate offices

• The number of restaurants in the area

• The customer demand and accessibility of delivery services

• The availability of delivery staff

A startup develops an app that connects local farmers directly with consumers, reducing middlemen. This business is an example of

• Traditional business model

• Disruptive innovation

• Intrapreneurship

• Import substitution

Rahul is the CEO of his own startup, making strategic decisions and securing investments, while his COO, Priya, manages day-to-day operations. This reflects the difference between

• Leadership and teamwork

• Entrepreneur and Manager

• Founder and Investor

• Risk-taking and Resource Management

A young entrepreneur notices that there are very few mobile repair services in his town. He decides to start a mobile repair business. This is an example of

• Market segmentation

• Opportunity recognition

• Business expansion

• Social entrepreneurship

Ramesh failed in his first startup but learned from his mistakes and launched a more successful second business. This quality is known as

• Risk aversion

• Resilience

• Complacency

• Predictability

Aditi wants to start a bakery but struggles to get a bank loan. What could be a possible alternative for her funding?

• Waiting until she saves enough money

• Seeking venture capital investment

• Ignoring financial planning and starting the business anyway

• Reducing product quality to lower startup costs

Which of the following is a common societal barrier to entrepreneurship in India?

• 9. High tax rates

• Lack of startup-friendly government policies

• Family pressure to pursue traditional careers

• 9. High operational costs

10. An entrepreneur who starts a tech company despite no prior experience in the industry but learns quickly and adapts demonstrates:

• Financial stability

• Adaptability and willingness to learn

• Resistance to change

• Avoidance of risks