WorksheetsIntroduction to Entrepreneurship: Practice Questions
Total questions: 12
Worksheet time: 6mins
Entrepreneurship mainly refers to:
Buying goods only
Selling goods only
Starting and managing a business
Working as an employee
Which of the following is an internal motivation for entrepreneurs?
Desire for independence
Government rules
Market competition
Tax policies
New venture creation contributes mainly to:
Job creation
Industrial growth
Economic development
All of the above
MSME stands for:
Micro, Small and Medium Enterprises
Medium, Small and Micro Enterprises
Managed Small and Medium Enterprises
Micro, State and Medium Enterprises
Industrial sickness refers to:
Decline in industrial health
Units unable to survive
Decrease in GDP
Excessive foreign trade
The first step in rehabilitating a sick unit is:
Identifying causes of sickness
Merging with others
Closing the business
Expanding production
Organic growth involves:
Mergers and acquisitions
Internal expansion of business
Selling off units
Outsourcing completely
Financial literacy training helps women entrepreneurs by:
Enabling better decision-making and fund management
Limiting access to banks
Ignoring market trends
Reducing capital
SIDBI primarily supports:
Small-scale industries and startups
Large corporates only
Government departments
Export-import firms only
NIESBUD focuses on:
Training and development of entrepreneurs
Only funding large firms
Infrastructure projects
Tax collection
MSME Ministry provides:
Policy guidance, financial support, and marketing assistance
Only employment reports
Tax audits
A common challenge in valuing startups is:
Lack of historical financial data
Overproduction
High employee morale
Excessive cash reserves
