WorksheetsENTREPRENEURSHIP Question Bank
Total questions: 68
Worksheet time: 11mins
Who is considered the "Father of Entrepreneurship"?
Peter Drucker
Joseph Schumpeter
Adam Smith
Henry Fayol
Entrepreneurship is primarily related to:
Banking
Business creation
Government service
Stock exchange
Which of the following is not a characteristic of an entrepreneur?
Risk-taker
Innovative
Passive
Visionary
Which type of entrepreneur introduces new ideas or technology?
Fabian
Imitative
Drone
Innovative
The concept of entrepreneurship in India gained momentum after:
1947
1960
1991
2000
Rural entrepreneurship is important because it helps in:
Urbanization
Increasing imports
Reducing rural migration
Enhancing bureaucracy
The main problem of rural entrepreneurship is:
Overcapitalization
Labor surplus
Lack of infrastructure
Over-industrialization
Which of the following is a psychological factor influencing entrepreneurship?
Inflation
Risk-taking ability
Raw materials
Market demand
The economic environment includes:
Family background
Political party
Tax policies
Religious beliefs
Which one of the following is a non-economic factor?
Capital
Infrastructure
Cultural value
Labour supply
Entrepreneurial motivation means:
Government subsidy
Forcefully starting a business
Driving force to become an entrepreneur
Avoiding competition
Competencies of an entrepreneur include all except:
Planning
Decision making
Avoidance
Leadership
EDP stands for:
Entrepreneur Development Program
Educational Development Project
Electronic Data Processing
Economic Development Plan
One of the main objectives of EDP is:
Increasing taxes
Providing loans
Developing entrepreneurial skills
Reducing workforce
MSME stands for:
Major Sector of Manufacturing Enterprises
Medium Scale Manufacturing Entities
Micro, Small & Medium Enterprises
Minor Small Marketing Entities
Small-scale industries are defined on the basis of:
Number of employees
Turnover
Investment
Sales
MSMEs contribute significantly to:
Increasing imports
Reducing GDP
Employment generation
Urban development
A problem commonly faced by MSMEs is:
High productivity
Low competition
Financial constraints
Political instability
Which is not a characteristic of small-scale industries?
Flexibility
Direct export-oriented
Labor intensive
Low capital investment
The scope of MSMEs includes:
Only agriculture
Only large-scale industries
Service and manufacturing sectors
Real estate only
Which of the following is an example of social entrepreneurship?
Running a chain of supermarkets
Launching an NGO for rural education
Opening a luxury hotel
Operating a petrol pump
Which type of entrepreneur prefers to follow tried and tested business models rather than innovate?
Drone entrepreneur
Fabian entrepreneur
Imitative entrepreneur
Innovative entrepreneur
Which one of the following is a government initiative to support startups in India?
Digital India
Startup India
Make in India
Skill Europe
Which of the following is an internal factor affecting entrepreneurship?
Government policy
Capital availability
Cultural values
Taxation policy
Which of the following is an example of a service-based entrepreneurship?
Restaurant business
Car manufacturing
Cement production
Shoe manufacturing
The word entrepreneur is derived from the (a) word "entreprendre."
An entrepreneur is a (a) taker.
Drone entrepreneurs are resistant to (a) .
Rural entrepreneurship helps reduce rural-to-urban (a) .
Lack of proper infrastructure is a major problem of (a) entrepreneurship.
The process of starting a new business is known as ______.
Economic, non-economic, and (a) factors affect entrepreneurial growth.
Entrepreneurial competencies include leadership, decision making, and (a) .
(a) is the internal urge to achieve something.
EDP stands for Entrepreneurship (a) Programme.
One of the objectives of EDPs is to develop (a) skills.
Investment is a basis for defining ______ enterprises.
Small-scale industries are (a) intensive.
MSMEs play a vital role in (a) development.
Lack of access to capital is a major problem of (a) .
Rural entrepreneurship promotes use of local (a) .
An entrepreneur is an innovator, a risk-taker, and a (a) seeker.
A person who copies or adopts an innovation is called an (a) entrepreneur.
The scope of small industries includes manufacturing, services, and (a) industries.
Government support programs help promote (a) development.
Entrepreneurs who bring social change are called (a) entrepreneurs.
A (a) entrepreneur prefers traditional business methods.
(a) is a government initiative to encourage new ventures.
An employee who develops innovative ideas within a company is called an (a) .
Conducting a (a) analysis helps determine if a business idea is practical and profitable.
An entrepreneur who is devoted to one venture at a time but ultimately starts many ventures is called as (a) .
The biggest risk that an entrepreneur takes up other than financial risk is ______.
The final phase of the EDP program is called as ______.
What is entrepreneurship?
Who is an entrepreneur?
Mention any two characteristics of an entrepreneur.
What are rural entrepreneurs?
Name two problems faced by rural entrepreneurs.
What is entrepreneurial motivation?
What is an EDP?
Define small-scale industry.
What is the main objective of MSMEs?
List any two contributions of MSMEs to the Indian economy.
What is social entrepreneurship?
Who is a Fabian entrepreneur?
Define microfinance.
What is business innovation?
Define risk management in entrepreneurship.
