Entrepreneurship Development Multiple Choice Questions and Answers (MCQs)
One Mark Questions – True or False/Fill in the Blanks/Multiple
Choice Questions (MCQs)
1.
There
is difference between a manager and an entrepreneur. True
2.
Innovativeness
is essential for an entrepreneur. True
3.
Self-help
groups are formed by the government. False
4.
The word ‘Entrepreneur’ has been derived from
the French word ‘Intrapreneur’. False, Entreprendre
5.
Entrepreneurship helps in increasing Government
revenue. True
6.
Self-help groups are generally the group of rich
people. False, Poor
7.
IIE was established in the year 1993. True, In Guwahati
8.
Entrepreneurs are born, not made. False, Entrepreneurs are made, not born
9.
The word ‘Entrepreneur’ has been derived from
the French word ‘Entreprendre’. True
10.
An entrepreneur is his own master. True
11.
An entrepreneur is a good decision maker. False
12. Entrepreneur
is not a risk-taker. True
13. The term
entrepreneur first appeared in the French language. True
14. The term
entrepreneurship is derived from the French word “Enterprendre”. True
15. Richard
Cantillon first used the term ‘entrepreneur’ in the economic theory. True, In 1755
16. Entrepreneur
is an innovator. True
17. There is
no difference between entrepreneur and manager. False
18. Head
office of IIE at Guwahati. True
19. Entrepreneurs
are born not made.
20. The
concept of venture capital was originated in USA in 1950s..
21. Mention
the name of the person who first used the term ‘entrepreneur’ in economy
theory. Jean-Baptiste Say
22.
Entrepreneurs are born, not made. (Fill
in the blank)
23.
What is the greatest problem of women
entrepreneur? Ans: Social attitude
and lack of support
24.
An entrepreneur in his own master (Write True
or False)
25.
Name V. H. Vroom’s theory of motivation. Expectancy theory
26.
The term “Invention” and “Innovation” bear the
same meaning. False
27.
Name one of the problems faced by an
entrepreneur at the promotional stage. Lack
of manufacturing capabilities
28.
Entrepreneurs are born, not made. False,
Entrepreneurs are made, not born
29.
The word ‘entrepreneur’ has been derived from
the French word ‘entreprendre’. True
30.
SHGs are helpful in solving unemployment
problems of the State. True
31.
Women entrepreneurs have same amenities like
male entrepreneurs. False
32.
Jean-Baptiste
Say introduced the term ‘entrepreneurship’.
33. The chief goal of
entrepreneurship is pilot study to
establish an enterprise. (Choose the correct answer)
34. Creation, innovation and entrepreneurship are three foundations of
entrepreneurship development (Fill in the blank)
35. There is no difference
between ‘entrepreneurship’ and intrapreneurship’. (Write True or False)
36.
Name
Joseph A. Schumpeter’s theory of entrepreneurship.
Theory of Innovation
37. There is no difference between a manager and
an entrepreneur. False
38. Entrepreneurs are born, not made. False, Entrepreneurs are made, not
born
39. The word “Entrepreneur” has been derived from
the French word ‘entreprendre’. True
40. Innovation theory of entrepreneur was advocated by J.A. Schumpeter. True
41.
Jean-Baptiste
Say introduced the term entrepreneurship.
42.
Fabian entrepreneurs
are shy and lazy.
43.
Drone
entrepreneurs are those who generally struggle to survive.
44.
Fabian
entrepreneurs are active. False,
Passive
45. The concept of
venture capital was originated in USA.
46.
Risk taking is
one of the important functions of entrepreneurs
/Intrapreneurs.
47.
Woman
entrepreneurs have/ have not same amenities
like male entrepreneurs.
48.
SHGs are helpful in solving unemployment problems of the State.
49. The concept of DICC was introduced in the 1977/ 1978 Industrial Policy of the Union Government.
50. Woman Entrepreneurship first
development in USA and UK in 1960s. True
51. Mahila Udyam Nidhi is
implemented by SIDBI.
52. All entrepreneurs in NE
region generally venture in Traditional
activities.
53. Mention an adverse impact of
globalization on the Indian economy.
Ans: Rise in demand
for labour and the rise in wage rates leading to some increase in costs.
54. Mention one of the objectives of Business Planning.
Ans: To achieve desired objectives
55. Which one of the distinctive qualities is
essential of an entrepreneur?
a)
Loyalty.
b)
Innovativeness.
c)
Risk-bearing ability.
d)
Vision.
(Choose the correct answer)
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Also Read:************************************Also Read (Dibrugarh University)3. Entrepreneurship Development MCQs
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Write the full forms of the
following:
1.
SIDO:
Small
Industries Development Organisation
2.
MSME:
Micro,
Small and Medium Enterprises
3.
NEDFi: NORTH EASTERN DEVELOPMENT FINANCE
CORPORATION
4. NEITCO: NORTH
EASTERN INDUSTRIAL AND TECHNICAL CONSULTANCY ORGANIZATION LIMITED (NEITCO)
5. SISIs: Small Industries Service Institutes
6. SHG: Self Help Group
7.
SISI: Small
Industries Service Institute
8.
SIDBI: Small Industries Development
Bank of India
9.
KVIB: KHADI AND VILLAGE INDUSTRIES BOARD
(KVIB)
10. KVIC: Khadi
and Village Industries Commission
11. MSMDO: Micro,
Small and Medium Enterprises Development Organisation
12. IIE: Indian
Institute of Entrepreneurship
13. SGSY: Swarnajayanti Gram Swarojgar Yojana
14. SIDO: Small Industries Development Organisation
15. DI & CC (DICC): DISTRICT INDUSTRIES AND COMMERCE CENTRE
16. MSME:
Micro,
Small and Medium Enterprises
17. DWCRA:
Development of Children and Woman in Rural Areas
18. PMEGP:
Prime Minister’s Employment Generation Programme
19. TREAD:
Trade Related Entrepreneurship Assistance and Development
20. MLIs:
Members Lending Institutions
21. NEIIPP: North East Industrial and Investment Promotion Policy
22. EPD: Entrepreneurship Development Programme
23. CGMSEs: Credit Guarantee Fund Scheme for Micro and Small Enterprises
24. REDP: Rural Entrepreneurship Development Programme
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