WorksheetsEntrepreneurship and Start-Ups Quiz
Total questions: 80
Worksheet time: 2hrs 15mins
Technology entrepreneurship primarily involves:
Buying existing companies
Applying innovation to create value
Stock market trading
Government project execution
Design Thinking begins with:
Market forecasting
Empathy for the user
Cost estimation
Patent filing
“Technology push” refers to:
Market demand only
Innovation-driven opportunities
Regulatory pressure
User complaints
Frugal innovation focuses on:
Premium product development
High-cost manufacturing
Low-cost, simple, efficient solutions
Luxury design
Ather Energy is a start-up in the sector of:
Robotics
Electric mobility
Thermal systems
Agriculture machinery
Technology Gap Analysis helps in identifying:
Team performance issues
Innovation opportunities
HR limitations
Marketing errors
Jugaad innovation primarily emphasizes:
High-quality precision engineering
Creative low-cost solutions
International standards
Large-scale automation
Opportunity identification due to unmet market needs is called:
Technology push
Market pull
Regulatory pull
Resource push
Empathize–Define–Ideate–Prototype–Test is associated with:
Waterfall model
ISO 9001
Design Thinking
TRL
Grey Orange Robotics works mainly in:
Warehouse automation
Pharmaceutical production
Textile manufacturing
Drone agriculture
The first step of a mechanical product development lifecycle is:
Distribution
Concept generation
Tooling
Market exit
CAD stands for:
Computer Aided Drawing
Computer Aided Design
Computer Assisted Development
Component Analysis Diagram
Rapid prototyping includes:
Injection molding
3D printing
Heat treatment
Anodizing
DFM stands for:
Design for Manufacturing
Design for Marketing
Draft for Management
Data for Materials
DFA aims to reduce:
Number of assembly steps
Environmental impact
Warranty claims
Market size
TRL stands for:
Technology Research Level
Technology Readiness Level
Technical Review List
Technology Regulation Level
CNC machines operate based on:
Manual control
Numerical code instructions
Hydraulic systems only
Market signals
Patent protection provides rights for:
5 years
10 years
20 years
25 years
Design patents protect:
Functional innovation
Aesthetic features
Manufacturing processes
Chemical compositions
Commercialization refers to:
Producing blueprints
Filing patents
Introducing products to market
Employee hiring
The Business Model Canvas includes:
Only financial statements
Nine building blocks
Patent details
TRL scores
Break-even point occurs when:
Profit = Maximum
Sales = Zero
Total cost = Total revenue
Market share stabilizes
MVP stands for:
Maximum Value Proposition
Minimum Viable Product
Market Value Product
Measured Viability Parameter
Market segmentation classifies customers based on:
Cost
Revenue
Common needs
Patentability
Techno-economic feasibility involves evaluating:
Psychological factors
Technical & financial viability
Employee stress
Leadership styles
Pricing is primarily based on:
Production cost + profit margin
Team size
Patent examiner remarks
Number of suppliers
Reliability ensures:
Aesthetics
Consistent performance
Branding
Market growth
Quality assurance aims to:
Reduce inventory
Prevent defects
Increase taxes
Avoid documentation
Customer identification helps in:
Increasing employee count
Building value proposition
Fixing product location
Reducing patent costs
Cost estimation includes:
Testing employees
Forecasting expenses
Social media posting
HR policies
Bootstrapping means:
Government grants
Using personal resources
VC funding
Bank loans
Angel Investors provide:
Long-term bank loans
Early-stage capital
Government subsidies
CSR funding
SIDBI supports:
Large corporations
Small businesses
NGOs
Schools
PMEGP provides:
Manufacturing tools
Funding for micro-enterprises
IP services
Software licenses
A financial statement that records assets & liabilities is:
Income statement
Balance sheet
Cash flow
Audit report
Budgeting helps in:
Patent drafting
Fund allocation
Marketing segmentation
CNC programming
GST stands for:
Goods and Services Tax
General Service Test
Government Service Tariff
General Sales Tax
Forecasting is used to predict:
Past expenses
Future financial trends
Employee behavior
Quality defects
VC firms invest in:
Government bonds
High-growth startups
NGOs only
Microfinance units
Regulatory compliance ensures:
Social media growth
Legal operation of business
Employee training
Foreign placements
CE marking indicates conformity with:
US safety regulations
European safety standards
Indian environmental norms
Patent laws
BIS certification is for:
Banking
Industrial product standards
Accounting
Transportation
Factory Act deals with:
Business model canvas
Worker safety & working conditions
Patent filings
Market segmentation
Environmental clearances evaluate:
CAD model accuracy
Pollution & sustainability impact
Team competence
Market size
Ethical entrepreneurship encourages:
Exploitation
Transparency & fairness
Reducing quality
Overpricing
Start-up India benefits include:
Tax exemptions
Guaranteed VC funding
Free equipment
Overseas employment
ISO standards primarily relate to:
Financial audits
Quality management
Patent filings
HR training
MSME classification is based on:
Age of promoter
Investment & turnover
Number of engineers
Environmental impact
Intellectual property helps in:
Reducing innovation
Protecting original ideas
Increasing taxes
Reducing manufacturing cost
Professional responsibility of engineers includes:
Cost manipulation
Public safety & ethical practices
Reducing safety factors
Avoiding documentation
Explain the concept of market-pull and technology-push opportunities.
What is Design Thinking? Describe its stages.
Define frugal innovation with two engineering examples.
Explain Design for Manufacturability (DFM).
What is rapid prototyping, and why is it important for start-ups?
Describe Technology Readiness Levels (TRLs).
Compare patents and design registrations.
What is the Business Model Canvas? List its components.
Explain the purpose of break-even analysis.
Define Minimum Viable Product (MVP) with an example.
Describe the difference between fixed cost and variable cost.
What are angel investors? When should a start-up approach them?
List major funding options available under Start-up India.
What is budgeting in financial management?
Explain GST and its relevance for start-ups.
What is ISO 9001, and why is it important for mechanical products?
Discuss the need for environmental clearances in greenfield ventures
State the ethical responsibilities of engineer-entrepreneurs
Describe quality assurance and reliability in product development.
How does customer segmentation help in designing better products?
Discuss the role of technology entrepreneurship in manufacturing, mobility, and energy sectors with examples.
Explain the entire product development lifecycle for a mechanical engineering product.
Describe CAD/CAM, 3D printing, and CNC processes and their role in rapid prototyping.
Write a detailed note on Technology Readiness Levels and their importance in commercialization.
Explain the Business Model Canvas in detail with an example of a mechanical engineering start-up.
Discuss the components of techno-economic feasibility analysis with suitable illustrations.
Describe various funding agencies and schemes available to engineering start-ups in India.
Explain financial statements (balance sheet, income statement, cash flow) with their significance for entrepreneurs.
Discuss regulatory, safety, and environmental compliance requirements for mechanical start-ups.
Explain ethical entrepreneurship and professional responsibility in engineering start-up ecosystems.
