Entrepreneurship Quiz

What is the primary role of an entrepreneur?

• To observe market trends

• To only provide financial support

• To undertake the risk of new enterprise

• To manage a business without taking risks

Which economist is known for applying the term 'entrepreneur' to business?

• Richard Cantillon

• George Bernard Shaw

• Joseph Schumpeter

• J.B. Say

What is a key characteristic of an entrepreneur?

• Avoids taking risks

• Highly achievement-oriented

• Prefers to work alone

• Focuses solely on profits

Which of the following is NOT a type of risk involved in entrepreneurship?

• Psychological risk

• Personal risk

• Financial risk

• Market risk

What is the main purpose of entrepreneurship development programs (EDPs)?

• To promote government policies

• To eliminate competition

• To provide loans to entrepreneurs

• To develop entrepreneurial skills and traits

Which of the following is a barrier to entrepreneurship?

• Availability of skilled labor

• High motivation from government

• Lack of infrastructure

• Access to financial resources

What is the focus of women entrepreneurship?

• To create social values

• To generate maximum profits

• To avoid risks

• To compete with male entrepreneurs

Which scheme is aimed at providing loans to women in the food catering industry?

• Annapurna Scheme

• Dena Shakti Scheme

• Bharatiya Mahila Bank Business Loan

• Mudra Yojana

What is a common challenge faced by women entrepreneurs?

• Strong family support

• High levels of education

• Shortage of finance

• Access to technology

What is the primary goal of self-help groups (SHGs)?

• To eliminate all forms of competition

• To empower women and promote savings

• To focus solely on agricultural development

• To provide loans to large businesses