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Entrepreneurship

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

Which type of entrepreneurship involves coming up with new ideas and turning them into viable businesses?

a)

Innovative Entrepreneurship

b)

Fabian Entrepreneurship

c)

Drone Entrepreneurship

2.

Which type of entrepreneurship focuses on copying existing business ideas and improving upon them?

a)

Fabian Entrepreneurship

b)

Innovative Entrepreneurship

c)

Drone Entrepreneurship

d)

Imitative Entrepreneurship

3.

Which type of entrepreneurship covers activities like cultivation, marketing of agricultural produce, and agricultural technology?

a)

Manufacturing Entrepreneurship

b)

Technical Entrepreneurship

c)

Trading Entrepreneurship

d)

Agricultural Entrepreneurship

4.

Which type of entrepreneurship identifies customer needs and explores resources and technology to manufacture products?

a)

Manufacturing Entrepreneurship

b)

Trading Entrepreneurship

c)

Technical Entrepreneurship

d)

Agricultural Entrepreneurship

5.

Which type of entrepreneurship is characterized by following customs, religion, trading, and past practices?

a)

Fabian Entrepreneurship

b)

Innovative Entrepreneurship

c)

Drone Entrepreneurship

d)

Imitative Entrepreneurship

6.

What is the primary focus of social entrepreneurship?

a)

Maximizing profits

b)

Employment generation

c)

Contribution to social well-being

d)

Achieving market leadership

7.

What is the minimum financial interest required for a business enterprise to be considered as women entrepreneurship according to the Government of India?

a)

25%

b)

51%

c)

40%

d)

75%

8.

Which entrepreneur focuses on social problems and environmental issues?

a)

Innovative Entrepreneurship

b)

Fabian Entrepreneurship

c)

Drone Entrepreneurship

d)

Social Entrepreneurship

9.
  1. What is the primary objective of livelihood?

a)
  1. Maximizing profits

b)
  1. Acquiring wealth and luxury

c)
  1. Achieving financial stability

d)
  1. Meeting basic necessities of life

10.

According to Wennekers and Thurik, entrepreneurship involves:

a)

Making decisions on location and resource utilization

b)

Introducing ideas in the market

c)

All of the above

d)

Generating new economic opportunities

11.

How can the government help in improving livelihood opportunities?

a)

Providing better farming techniques

b)

Creating employment opportunities in rural areas

c)

All of the above

d)

Offering training and finance for starting ventures

12.

Why do people often migrate to cities in search of jobs?

a)

Lack of basic necessities in rural areas

b)

Availability of more land in cities

c)

Higher job opportunities in cities

d)

Better farming techniques in cities

13.

What is one reason entrepreneurship has been gaining popularity?

a)

Lack of opportunities in the formal sector

b)

Availability of formal qualifications

c)

Decreased economy

d)

Limited success stories of entrepreneurs

14.

What are pull factors that make individuals choose entrepreneurship as a career?

a)

Limited job opportunities

b)

Frustration or dissatisfaction in the present job

c)

Desire to work as a subordinate

d)

Availability of formal qualifications

15.

Which type of entrepreneurship involves an individual through innovation and skill organizing, managing, and controlling a corporate undertaking efficiently?

a)

Corporate entrepreneurship

b)

Private entrepreneurship

c)

Joint entrepreneurship

d)

State entrepreneurship

16.

What is the turnover range for small-scale entrepreneurship?

a)

Over Rs 75 crore and up to Rs 250 crore

b)

More than Rs 5 crore but not more than Rs 75 crore

c)

Over Rs 250 crore

d)

Up to Rs 5 crore

17.
  1. Which category of entrepreneurship includes businesses with a turnover over Rs 250 crore?

a)
  1. Micro enterprises

b)
  1. Small-scale entrepreneurship

c)
  1. Large-scale entrepreneurship

d)
  1. Medium-scale entrepreneurship

18.

What is the characteristic of private entrepreneurship?

a)

Involvement of the government

b)

Joint business endeavor with a private entrepreneur

c)

Organizing and managing a corporate undertaking efficiently

d)

Sole ownership and bearing the entire risk

19.

How can entrepreneurship be defined?

a)

Visualizing and realizing new ideas to serve the needs of society

b)

Setting up a business to generate profits

c)

Opportunity-seeking behavior in various domains

d)

All of the above

20.

What is the primary objective of entrepreneurship?

a)

Creation of employment opportunities

b)

Contribution to social well-being

c)

Maintenance of a profit-oriented business

d)

Exploration of new ideas