Entrepreneurship Development Set 1
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This set of Entrepreneurship Development (ED) Multiple Choice Questions & Answers (MCQs) focuses on Entrepreneurship Development Set 1
Q1 | ………………………applied the word entrepreneur to business for the first time.
- robert owen
- joseph schumpeter
- richard cantillon
- max weber
Q2 | ………………………is the drive to achieve a goal.
- motivation
- need for achievement
- competency
- none of these
Q3 | ………………………..entrepreneurs are extremely task oriented.
- technical
- fabian
- induced
- business
Q4 | …………………………..entrepreneurs neither introduce new changes nor adopt newmethods innovated by others.
- technical
- fabian
- induced
- business
Q5 | The term intrapreneur was coined by …………………………. .
- robert owen
- joseph schumpeter
- richard cantillon
- gifford pinchot
Q6 | According to Schumpeter, Is the most important function of a modern entrepreneur.
- innovation,
- invention,
- skill,
- creativity.
Q7 | Knowledge + Skill + Traits = ………………………………..
- innovation.
- competency.
- skill.
- creativity.
Q8 | Social attitude is one of the important problems of a …………………………..Entrepreneur.
- drone.
- business.
- women.
- adoptive.
Q9 | The capacity to develop new ideas, concepts and processes is known as :
- innovation,
- invention,
- skill,
- creativity.
Q10 | Which of the following risks is borne by the entrepreneur:
- financial risks,
- personal risks,
- psychological risks,
- all of these
Q11 | The entrepreneur who does not change the method of production alreadyintroduced is:
- drone entrepreneur,
- fabian entrepreneur,
- classical entrepreneur,
- none of these.
Q12 | Person who works within an organization and having entrepreneurial capabilities is:
- entrepreneur,
- intrapreneur,
- manager,
- chief executive.
Q13 | Who introduced the term intrapreneur:
- schumpeter,
- peter drucker,
- david mcclelland,
- gifford pinchot 111.
Q14 | A micro enterprise is one in which the investment in plant and machinery doesnot exceed Rs. ……………………
- 25 lakhs
- 50 lakhs
- 1 crore
- 10 lakhs
Q15 | A small enterprise is one in which the investment in plant and machinery is morethan Rs…………………. But does not exceed Rs………………….. .
- 10 lakhs / 2 crores
- 25 lakhs /5crores
- 5 crores/ 10 crores
- 2 crores/5 crores
Q16 | A medium enterprise is one in which the investment in plant and machinery ismore than Rs ……………………. But does not exceed Rs ………………….. .
- 10 lakhs / 2 crores
- 25 lakhs /5crores
- 5 crores/ 10 crores
- 2 crores/5 crores
Q17 | A micro enterprise is one in which the investment in plant and machinery doesnot exceed Rs…………………….. .
- 25 lakhs
- 50 lakhs
- 1 crore
- 10 lakhs
Q18 | A small enterprise is one in which the investment in plants and machinery ismore than Rs ……………. But does not exceed Rs …………………… .
- 10 lakhs / 2 crores
- 25 lakhs /5crores
- 5 crores/ 10 crores
- 2 crores/5 crores
Q19 | A medium enterprise is one in which the investment in plant and machinery ismore than Rs ……………… but does not exceed Rs……………………. ..
- 10 lakhs / 2 crores
- 25 lakhs /5crores
- crores/ 10 crores
- 2 crores/5 crores
Q20 | ……………………. Units provide inputs to other industries.
- export
- small
- ancillary
- none of these
Q21 | …………………………….. Registration helps the entrepreneur to take necessary stepsto bring industrial units into existence.
- provisional
- permanent
- both of these
- none of these
Q22 | The MSME Development Act came into force in ………………….
- 2005
- 2006
- 2010
- 2001
Q23 | Capital investment subsidy was introduced in ………………………………….
- 1973
- 1971
- 1972
- 1970
Q24 | ………………………………. Is the financial and promotional assistance provided by the Govt. to the industries for boosting up industrial development in all regionsparticularly in backward areas.
- seed capital
- incentive
- subsidy
- none of these
Q25 | ………………………………….is the place where the required facilities and factoryaccommodation are provided by the government to the entrepreneurs to establish their industries there.
- industry
- industrial estate
- company
- none of these