Maharaja Agrasen Vidyalaya

Monthly Test (August)

Class:XI C Date:25/08/21
Sub:Entrepreneurship Marks:20

Q-1 Answer the following multiple choice questions. 8

1. Entrepreneurship is defined by (i)___________ and not by (ii)____________
a. (i) results (ii) attributes b. (i)commercial risk (ii) passion
c. (i) attributes (ii) results d. (i) passion (ii) commercial risk
2. Which of the following entrepreneurs is associated with "MITTICOOL"?
a. Mukesh Ambani b. Nandita Bijur
c. Mansukhbhai prajapati d. Harish Handa
3. ___________ are of the views that entrepreneurs are the fourth factor of
production.
a. sociologists b. economists
c. both (a) and (b) d. none of the above
4. Which of the following is the feature of an entrepreneur?
a. develops and owns his own business b. an innovator
c. a persuader d. all of the above
5. __________ are the type of entrepreneurs conventional in their approach. They
are not ready to change their existing production methods evenif they suffer
loss.
a. Drone Entrepreneurs b. First generation Entrepreneurs
c. Fabian Entrepreneurs d. Innovative Entrepreneurs
6. ___________ type of entrepreneurs are found in the field of small trading and
manufacturing concerns.
a. Trading Entrepreneurs b. First generation Entrepreneurs
c. Business Entrepreneurs d. Innovative Entrepreneurs
7. Steve Jobs, the brain behind Apple and I-pod, is known to value quality in all the
products introduced by the company. Which of the following competency of an
Entrepreneur is highlighted in the above case?
a.Persistence b. Systematic Planning
c. Information seeking d.Quality Performance
8. Unsatisfied Need -->Tension X, What is an X in the above process of
Motivation?
a. Reduction in tension b. Drives
c. Satisfaction of need d. Search behaviour

Q-2 State True or False. 6

1. An entrepreneur develops six to nine senses through his exposure, experience,
failures and following the concept of listening to understanding.
2. Vegetable vendors, newspaper distributors and laundry services are
entrepreneurs.
3. Esteem needs are the needs where job security, stability of income, pension
plans needs will be classified.
4. Power needs are characterised by a drive to control and influence others.
5. David McClelland has given the theory of needs.
6. Achievement needs is charactrised by a desire to belong, and enjoyment of
teamwork.

Q-3 Complete the following items with appropriate words. 6

1. ___________are of the views that certain communities and cultures promote
Entrepreneurship. (Economists/sociologists/civilians)
2. The entrepreneur is the actor and entrepreneurship is the act. The outcome of
the actor and the act is called_______________.
(Enterprise/business/proprietorship)
3. Which of the following step of the process of Entrepreneurship is concerned
with Selling the business and earning the rewards? (planning/harvest/growth)
4. "An Entrepreneur alone determines the lines of business to expand and capital
to employ." Which of the following entrepreneurial function of an entrepreneur
is highlighted in quoted lines? (risk taking/production/Organisation Building)
5. The use of the material and nonpublic information in trading the shares of the
company by any person who owes a fiduciary duty to the company.
____________ is the above concept related to business Ethics. (Corporate
governance/Fiduciary Responsibility/Insider Trading)
6. Ratan Tata shifted the manufacturing plant of Nano cars from Singur to Sanand
due to unforseen complexity. _________ entrepreneurial competency is
highlighted in the above case. (problem solving/systematic planning/information
seeking)