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Induction Program Quiz

Total questions: 10

Worksheet time: 3mins

Name
Class
Date
1.

What is Entrepreneurship?

a)

Process of starting and running a business

b)

Working as a Business Manager

c)

Working as CEO for a Company

d)

Investing Money in a Business

2.

Where did word start-up originate from?

a)

Manhattan,

New York

b)

San Francisco, California

c)

Silicon Valley, California

d)

Bangalore,

India

3.

Which famous entrepreneur is often referred to as the "father of modern business philosophy"?

a)
b)
c)
d)
4.

What is a business plan in the context of entrepreneurship?

a)

A document to show off the business owner's achievements

b)

A plan to hire employees and keep them happy

c)

A detailed roadmap for the success of a business

d)

A strategy for avoiding competition

5.

What does the term "venture capital" refer to in entrepreneurship?

a)

Money invested in well-established companies

b)

A type of tax entrepreneurs need to pay

c)

A legal document required to start a business

d)

Funds invested in a business idea with high growth potential

6.

Which of the following is a characteristic of successful entrepreneurs?

a)

Following a strict 9-to-5 work schedule

b)

Avoiding risks at all costs

c)

Sticking to traditional methods

d)

Being open to new ideas and innovations

7.

Why do most entrepreneurs fail? Select the most appropriate answer

(a)  
Choose from the below words
Lack of Market Demand
Insufficient Planning
Strong Competition
Lack of Capital
8.

Which city in India is called Silicon Valley of India?

a)

Hyderabad

b)

Mumbai

c)

Bangalore

d)

Pune

9.

If you have a start-up idea as student of GITAM (Deemed to be University) whom will you approach?

a)

Hospitality Department

b)

Venture Development Centre

c)

School of Business

d)

Career Guidance Cell

10.

Does GITAM (Deemed to be University) provides with the initial fund for starting a Start-up

a)

5 Lakh Rupees Prototyping Grant

b)

1 Lac Rupees Prototyping Grant

c)

No Funding

d)

Only connects with Investors