Question 1

Who is an entrepreneur?

Accepted Answer

b) A person who organizes and manages a business venture

Answer

a) A person who works for a company

Answer

c) A person who lends money to businesses

Answer

d) A person who sells products only on-line

Question 2

Which of the following is not a characteristic of an entrepreneur?

Accepted Answer

c) Dependence on others

Answer

<P>d) Vision</P>

Answer

a) Risk taking

Answer

b) Innovation

Question 3

What is the primaryfunction of an entrepreneur?

Accepted Answer

b) Risk taking and innovation

Answer

a) Managing employees

Answer

c) Selling products

Answer

d) Following orders

Question 4

Which of the following is a risk faced by entrepreneurs?

Accepted Answer

b) Business failure

Answer

c) Job security

Answer

a) Guaranteed profit

Answer

d) Unlimited funding

Question 5

What is the role of innovation in entrepreneurship?

Accepted Answer

c) To create new value

Answer

b) To reduce cost

Answer

d) To increase growth

Answer

a) To copy products

Question 6

Entrepreneurs contribute to eco development by

Accepted Answer

d) Creating new technology

Answer

a) Reducing competition

Answer

c) Building malls

Answer

b) Increasing inflation

Question 7

Which of the following best defines an entrepreneur?

Accepted Answer

a) A person who creates a new business

Answer

d) A volunteer

Answer

b) A wealthy investor

Answer

c) A person who manages an existing firm

Question 8

In economic terms, entrepreneurs are known as

Accepted Answer

a) Agents of change

Answer

d) Consumers

Answer

c) Suppliers

Answer

b) Capitalists

Question 9

Entrepreneurship leads to

Accepted Answer

d) Eco development

Answer

a) Competition

Answer

c) Promotes unemployment

Answer

b) Social problems

Question 10

Which government initiative promotes entrepreneurship in India?

Accepted Answer

a) Start-up India

Answer

c) Ayushmen Bharat

Answer

d) Swachh Bharat

Answer

b) Digital India

Question 11

What is one major obstacle to entrepreneurial growth?

Accepted Answer

d) Lack of capital and mentorship

Answer

a) Access to on-line tools

Answer

c) Global competition

Answer

b) Strong legal systems

Question 12

The first step in the entrepreneurial process is

Accepted Answer

b) Generating ideas

Answer

d) Hiring employees

Answer

c) Securing funding

Answer

a) Launching the business

Question 13

Which of the following isa key part of the entrepreneurial process?

Accepted Answer

c) Strategic planning

Answer

d) Avoiding competition

Answer

a) Ignoring customer feedback

Answer

b) Taking excessive risks

Question 14

Creativity in entrepreneurs helps them

Accepted Answer

d) Solve problems innovatively

Answer

b) Stich to old methods

Answer

c) Avoid market changes

Answer

a) Follow strict rules

Question 15

Which of the following tools promotes creativity?

Accepted Answer

a)Brainstorming

Answer

c)Passive learning

Answer

b)Routine schedules

Answer

d)Strict rules

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