E-Quiz on Basics of Entrepreneurship

 

E-Quiz on Basics of Entrepreneurship

The quiz is designed in order to generate an awareness about Basics of Entrepreneurship. After attempting the quiz, you will definitely get an overview about Basics of Startup. Participation E-Certificate will be sent only to those participants who secures 50% .

Here You can sell all the questions and answers which are asked in this quiz competition

1. Which of these statements best describes the context for entrepreneurship? 

Entrepreneurship takes place in small businesses

Entrepreneurship takes place in large businesses

Entrepreneurship does not take place in social enterprises

Entrepreneurship takes place in a wide variety of contexts

2. A corporate manager who starts a new initiative for their company which entails setting up a new distinct business unit and board of directors can be regarded as: 

Social Entrepreneur

Technopreneur

Ecopreneur

Intrapreneur

3. Entrepreneurial Guidance Bureau(EGB) was set up by____________. 

SISI

IIC

SIDCO

SIPCOT

4. Entrepreneurs are motivated by _________.

money

personal values

pull influences

All

5. An entrepreneur who owns more than one business at a time is called ________.

An intrapreneur

None of the above

A corporate entrepreneur

A portfolio entrepreneur

6. Decisions taken by an entrepreneur on behalf of his enterprise are known as _________. 

Strategic decisions

Personal decisions

Organizational decisions

Routine decisions

7. EDP (Entrepreneurship Development Programmes) is required to help: 

Future generation entrepreneurs

None of the above

First generation entrepreneurs

Existing entrepreneurs

8. Which one of the following is not considered as one of the building blocks of the model entrepreneur? 

Business awareness

Management competencies

Personal attributes

Technical skills

9. The activity which occurs when the new venture is started is called:

Goal orientation

Motivation

Business skills

Departure point

10. We need to update the business plan because:

Environmental factors and internal factors can change the direction of the plan

Goals set by the entrepreneurs may be unreasonable

Goals may not be specific

Goals may not be measurable

11. EDP (Entrepreneurship Development Programmes) is required to help: 

None

First generations entrepreneurs

Existing entrepreneurs

Future generation entrepreneurs

12. The entrepreneur was distinguished from capital provider in:

Middle ages

19th and 20th century

17th century

18th century

13. Which industrial sector promotes small-scale businesses and Entrepreneurship, and has lower barriers to market entry? 

Service

Agriculture

Distribution

Manufacturing

14. Why should an entrepreneur do a feasibility study for starting a new venture: 

To see if there are possible barriers to success

To explore potential customers

To identify possible sources of funds

To estimate the expected sales

15. Entrepreneurs are ………………

High risk taker

Avoidance

Moderate risk taker

None of these

16. An entrepreneurship primary motivation for starting a business is: 

To make money

To be powerful

To be famous

To be independent

17. National Alliance of Young Entrepreneurs (NAYE) Sponsored an Entrepreneurial Development scheme with Bank of India in______________.

August 1920

January 1920

January 1972

August 1972

18. An individual who initiates, creates and manages a new business can be called _____________. 

A professional

A manager

A leader

An entrepreneur

19. The use of informal networks by entrepreneurs to gather information is known as _______.

Entrepreneurial networking

Secondary research

Informal parameters

Marketing

20. From the following which one is not classification of entrepreneurs according to the types of business? 

Retail trade

Exporter

Rural entrepreneur

Wholesale trade

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