Sr. No.

Question Option 1 Option 2 Option 3 Option 4 Answer

1 Entrepreneurial behaviours includes Solving problems Taking initiatives Taking responsibility All of above 4
2 Entrepreneurs attributes includes Perservence Hard working Determination All of above 4
3 Entrepreneurs skills includes Creative problem solving Persuading Negotiation All of above 4
The term “entrepreneurs” was applied to business initially by the French
4 economist in the 18th century Cantillon Jan Tinbergen J.S.Mill None of above 1
5 Which of the following is not something that can be invested? Energy Expertise Money Time 2

6 From the following which one is factor affecting entrepreneurial growth? Social Economic Psychological All of above 4
Which one of the following is the process of entrepreneur developing new
7 products that over time make current products obsolete? New business model Anatomization Creative Destruction None of above 3
8 The level at which an individual is viewed by society is called Financial status Qualification Social Status Achievement 3

9 Individuals influencing an entrepreneur’s career choice and style are known as Role model Celebrity Both 1 & 2 None of above 1
10 “What the entrepreneur hopes to accomplish” – includes in the Vision Mission Objective All of above 2

11 The entrepreneur was distinguished from capital provider in _________ Century 20th 19th 18th 17th 3
________________ is the application of creative solutions to problems or
12 opportunities Invention Innovation Initiative None of above 2
13 From the following, types of entrepreneur are Innovating entrepreneur Initiative entrepreneur Drone entrepreneur All of above 4
14 The key factor influencing the mobility of entrepreneurs are Resources Experience and Education Language and culture All of above 4
It’s an institution to set up a network of technical consultancy organizations in
15 the country TCO TCI ICT None of above 1
16 An Entrepreneurs refers to Initiator Motivator Visualizer All of above 4

Small scale industries (SSIs) also known as MSMEs are defined & categorized
17 by the Micro, Small & Medium Enterprises Development Act 2006 2007 2008 2005 1
Name the institution which was set up in 1982 to promote integrated rural
18 development NABARD TCO SIDBI IDBI 1
19 Who is the present Minister of Micro, Small and Medium Enterprises ? Girirajsingh Karanvir singh Nitin Gadkari Abhishek singh 3
20 Indian Institute of Entrepreneurship (IIE) is located at ____________ Lucknow Maharashtra Guwahati Kolkata 3
Scheme of Fund for Scheme of Fund for Scheme of Finance for
Regeneration of Traditional Resolving of Traditional Regeneration of
21 The full form of SFURTI = Industries Industries Traditional Industries None of above 1
National Board for National Bank for
National Bank for Agricultural Agricultural and Rural Agricultural and Regional
22 The full form of NABARD = and Rural Development Development Development None of above 1

23 A__________ is a specialized firm that finances young, start up companies Venture capital firm Finance company Small business finance co. Capital creation co. 1
24 Venture capital firms are usually organized as Corporation Non-profit organisation Closed- end mutual funds Limited partnership 4
Developing portfolio of Allowing firm to use the Having a short term Holding Debts in the firm
25 Which of the following is a characteristics of Venture capital firms? companies funds as they see fit investment horizon that are funded 1
Be absorbed within large Be absorbed within non-
26 Schumpeter considered that innovative entrepreneurs would Thrive Disappear innovative firms innovative firms 3
27 Innovative entrepreneurs face special issues in raising Developmental capiltal Structured capital Human capital Seed capital 4
Any patents, trademarks , copyright or trade secrets held by the entrepreneur is
28 known as Disclosure document Patent Intellectual property None of above 3
29 The ways entrepreneurs make decisions is known as Entrepreneurial domain Reverse brainstorming Heuristics None of above 1
 A word, symbol, name or A legal protection for Legal protection for a
device that a business uses to information on foreign Legal protection for U.S. product exported to
30 A trademark is identify its goods products intellectual works another country. 1
31 International entrepreneurship is Licensing Exporting Both 1 & 2 None of above 3
32 Hindrance for going in the international business is known as Synergy Turn keypoint Trade barrier None of above 3
___________________ is the combination of at least two firms doing
33 similarbusinesses at the same market level Diversified merger Horizontal merger Vertical merger None of above 2
An _______________________ is an individual who creates something for the
first time,is a highly driven individual motivated by his or her own work and
34 personal ideas Entrepreneur Innovator Inventor None of above 3
Which of the following is NOT a form of ownership that the entrepreneur should
35 consider? Sole proprietorship Private company State owned company LLP 3
The process of formulating a business plan helps the entrepreneur to update the
36 ____________ Business strategy Business ownership Business structure None of above 1
37 A business plan is __________ A living document A financial document A static document All of above 1
38 ____________ is a major advantage of a franchise Franchisor Franchisee Established name None of above 3
39 The goals should be ____________ for the success of business plan General Specific Limited None of above 2
40 The word entrepreneur is derived from _________ French verb Greek verb American verb None of above 1
41 What is the first step for becoming entrepreneur? Making business plan Arranging fund Generating business idea Feasibility analysis 3
42 _________ is the process of determining the validity of business idea Feasibility analysis Environmental analysis Both 1 & 2 None of above 1
A __________ is a written document describing what business intends to
43 accomplish Business strategy Business plan Venture plan All of above 2
44 What are the forms of equity financing? Angel investing Venture capital Private equity All of above 4
45 Two most common sources of funding are ____________ Equity financing Debt financing Both 1 & 2 None of above 3
46 Forms of debt financing are Bank loan Credit card Financial institution All of above 4
47 A __________ involves planning for termination of business Entry strategy Exit strategy Funding strategy None of above 2
48 An entrepreneur has enough scope for _________ Funding Innovation Competition All of above 2
_______ entrepreneurs are innovative in their approach to business and make
49 new products Innovative Fabian Drone All of above 1
50 ___________ entrepreneurs imitate product and production method Innovative Drone Imitative All of above 3
51 Imitative entrepreneurs are also known as ___________ entrepreneurs Fabian Drone Innovative Adoptive 4
52 __________ entrepreneurs do not respond to changes in environment Fabian Innovative Imitative Drone 1
___________ entrepreneurs are conservative and complacent in nature and like
53 to maintain Status quo Drone Fabian Imitative Innovative 1
_________ are employees within an organisation who use their entrepreneurial
54 spirit to introduce new product Entrepreneur Intrapreneur Both 1 & 2 None of above 2
__________ refer to key characteristics that should be possessed by successful
55 entrepreneurs Entrepreneurial competencies Leadership Motivation None of above 1

56 __________ is the ability to develop new ideas and new way for solving problems Innovation Creativity Initiative None of above 2
57 __________ is application of creative solutions to problems Innovation Creativity Initiative None of above 1
58 The creation process of an idea involves ____ stages 1 2 4 5 4
59 Which is the 1st step for idea generation? Germination Preparation Incubation Illumination 1
60 Which is the 2nd step for idea generation? Germination Preparation Incubation Illumination 2
61 Which is the 3rd step for idea generation? Germination Preparation Incubation Illumination 3
62 Which is the 4th step for idea generation? Germination Preparation Incubation Illumination 4
63 Which is the 5th step for idea generation? Germination Preparation Incubation Verification 4
64 A _______ is a group of individuals with common mission Cluster Assembly Team None of above 3
65 An entrepreneur should take _____ risk Extreme Less Calculated All of above 3
66 Which of the following are entrepreneurial competencies? Leadership Team building Innovation All of above 4
 67 Successful entrepreneurs are _________ Risk avoiders Problem solvers Followers None of above 2
68 Model for problem solving consists of _______ steps 2 4 6 8 3
69 _______ is a process of setting long term and short term objectives Goal setting Problem solving Career planning None of above 1
70 Goals must be __________ Clear Specific Measurable All of above 4
71 _________ is task of specific self confidence Self respect Self realisation Self efficacy All of above 3

72 ____________ refers to how a personpercieves the causes of events in one's life Locus of control Adaptibility Persistence None of above 1
73 Entrepreneurs show _________ locus of control Low High Moderate None of above 2
74 __________ learning is a part of entrepreneurship Skillful Creative Expierential All of above 3
75 Which of the following are the ways of networking? Web sites Alumni networks Trade fairs All of above 4
76 A _____________ serves to provide a lot of support in the time of cricis Government Stakeholders Network None of above 3

77 The models of entrepreneurial development are classified in ____ categories 1 2 3 4 3

78 Theory of achievement motivation is given by _________ Mclelland Max weber Cochran None of above 1

79 The three motives of theory of achievement motivation are ___________ Need for power Need for affiliation Need for achievement All of above 4
80 __________ introduced the Internal-External Locus of control theory Prof. J.S Ohio Prof J.D. Rotter Hozelist None of above 2
According to __________ religious beliefs are the driving or restraining forces for
81 entrepreneurial activity Weber Hozelist Hagen Frank young 1
82 _________ is defined as the disposition to achieve something excellent Need for power Need for affiliation Need for achievement None of above 3
83 The __________ method of training is the oldest Lecture Seminar Conference None of above 1
The __________ methods incorporates the discussion of content of training
84 programmes Lecture On the job Participative All of above 3
85 Which of the following are participative methods of training? Syndicate method Buzz group Role play All of above 4
86 The _________ is the key figure in the conference Chairman Director Manager Employer 1
A __________ is a formal presentation by a small group of people on topic of
87 common interest Conference Panel discussion Seminar Role play 3
88 The panel discussion is led by __________ Manager Moderator Employee All of above 2
89 _______________ are sub divisions of large group Buzz group Team Cluster All of above 1
90 __________ training method is suitable for learning at higher level Syndicate method Buzz group Conference Workshop 1
91 Which method facilitates participative learning? Lecture Case study Workshop None of above 2
92 In ___________ trainees are made to enact a particular role Case study Syndicate method Role play None of above 3
93 __________ try to replicate activities of real life in form of game Simulation Role play Conference All of above 1
94 Laboratory method is also termed as ____________ Sensitivity training T- group training D-group training All of above 4
__________________ Introduced the concept of liberal & entrepreneurial
95 capitalism Richard cantillon Adam smith Francis walker J.B say 2
Entrepreneurs are
96 Which of the following is a myth of entrepreneur? All you need is money academic & social misfits All you need is luck All of above 4
97 What are the challenges faced by entrepreneur? Lack of financial support Hiring of employee Personal risk All of above 4

—ccording to __________, a specific social cultural values, role expectations,

A
98 social sanctions leads to emergence & growth in entrepreneurship. Francis walker Hozelist Max weber None of above 2
______________ — stresses on a point that an supply of entreprenuer is always
99 influenced by child rearing activities Thomas cochran Max weber Rotter None of above 1
McClelland’s theory of Theory of withdrawal of Internal-external locus of
100 Which one of the followinng is psychological model? achievement motivation status respect control theory All of above 4

___________ is A set of favorable circumstances in which an entrepreneur can

101 exploit a new business idea that has the potential to generate profits Business oopurtunity Business strategy Business structure None of above 1
 —dd significant value to
A
102 Which are the features of business oppurtunity? customer —emoves pain points
R —obust market
R All of above 4
103 How to identify business oppurtunity? Professional contacts Sixth sense to analyze Observing trends All of above 4
104 What leads to creation of business oppurtunity? Technological Changes Social & Demographic Economic and political All of above 4
105 Which are the qualities for idea become an oppurtunity? Attractiveness Timeliness Durability All of above 4

106 __________ is a technique used to generate a large no. Of business ideas quickly Survey Brainstorming Gordon method None of above 2
107 ___________ is used to collect information by direct observation Brainstorming Survey Questionnaire All of above 2
108 ______________ is also known as negative brainstorming Brainstorming Reverse brainstorming Gordon method None of above 2
109 In ____________ method criticism is allowed Brainstorming Reverse brainstorming Survey Gordon 2
110 Which of the following is developed by A.F. Osborn to develop ideas? Gordon Survey Brainstorming All of above 1
New product, New production method, New marketing way, New market and
111 New material are the forms of ___________ Social change Legal Change Technological change Economic change 3

112 Ageing of indian population is a example of __________ change Social and demographic change Political change Legal change All of above 1
113 A __________ is a concept that can be used for commercial purposes Business structure Business strategy Business idea None of above 3
__________ is the movement of entrepreneurs from one location to another in
114 search of business oppurtunities Geographical mobility Locational mobility Both 1 & 2 None of above 3

115 __________ is the movement or change in occupations of entrepreneurs Geographical mobility Locational mobility Occupational mobility None of above 3
116 Procedure for setting up an enterprise consists of _____ stages 5 8 9 10 4
117 Project selection involves the following activities Product selection Location selection Business plan preparation All of above 4
A _________ is an analysis that involves finding and documenting potential
118 solutions to particular business oppurtunity Project feasibility analysis Market analysis Financial analysis None of above 1

119 ______________ deals with understanding the potential market and share Market analysis Financial analysis Economic analysis Technical analysis 1
120 _____________ deals with finding the technical viability of the project Financial analysis Market analysis Technical analysis Economic analysis 3
121 ____________ involves calculating the risk and return of project Financial analysis Technical analysis Economic analysis None of above 1

122 ____________ involves finding benefits and costs in term of shadow prices Market analysis Technical analysis Economic analysis None of above 3

123 _____________ involves assessing the environmental damage caused by project Financial analysis Ecological analysis Technical analysis None of above 2
124 A __________ is blue print of project Business strategy Business structure Business plan All of above 3
125 What is snapshot of the project? Business plan Project profile Project report None of above 2

126 _________ form of business organisation does not have any legal formalities Sole proprietorship Partnership LLP Company 1
127 The liability of __________ is unlimited in HUF Karta Manager Co-parceners None of above 1
A ___________ is a new corporate firm that is midway between partnership and
128 company Sole proprietorship CO-operative society LLP None of above 3
129 A ___________ is suitable where volume of business is large LLP Partnership Joint stock company Co-operative society 3
130 Process of the formation of company has _____ stages 4 5 3 2 1
The ___________ of company mis an important document as it defines and
131 confines powers of the company AOA MOU Both 1 & 2 None of above 2
132 __________ is a document inviting deposits from public MOU Prospectus AOA All of above 2
National Company Legal National Bank for
133 Winding up of company can be under the orders of ________________ National Company Law Tribunal Terminal Agricultural and Regional None of above 1
A __________ is voluntary association of 10 or more members working for
134 common interest CO-operative society Sole propietorship Joint stock company None of above 1
135 Which are the types of co-operative society ? Credit co-operative society Farming co-operative Marketing co-operative All of above 4
136 The board of directors must be accountable to ______________ Employees Shareholders Government None of above 2
137 ___________ must be conducted by independent professional body. External audit Internal audit Both 1 & 2 None of above 1
_____________ Accept deposits from members and give them loans at a Farming co-operative Marketing co-operative Housing co-operative
138 reasonable interest rate Credit co-operative society society society society 1
___________ Make available consumer goods of higher quality at a reasonable Credit co-operative Consumers co-operative Marketing co-operative
139 rate Farming co-operative society society society society 3
__________ formed by small farmers to get benefit of large scale farming by Marketing co-operative Housing co-operative Credit co-operative
140 sharing risk and profit Farming co-operative society society society society 1
___________ Make available items needed for production like raw material, Marketing co-operative Housing co-operative Credit co-operative
141 tools, equipments, etc Producers co-operative society society society society 1
Credit co-operative Housing co-operative Consumers co-operative
142 ________ Providing residential houses to members Producers co-operative society society society society 3
Credit co-operative Consumers co-operative Marketing co-operative
143 __________ Small producers join together for marketing their products Producers co-operative society society society society 4
____________receives product from franchisor and sells it through retail or Franchising of entire
144 wholesale outlet Franchising of a product/service business Franchising process None of above 1
_____________ The franchisee gets to use the complete business system of the Franchising of entire
145 franchisor Franchising of a product/service business Both 1 & 2 None of above 2
146 Samsung is example of ____________ Product driven franchisee Business driven Both 1 & 2 None of above 1
147 Dominos is example of _____________ Product driven franchisee Business driven Both 1 & 2 None of above 2
148 What is included in project report? General information Market survey Cost of project All of above 4

149 _________ is the last step of process of formation of business enterprise Obtain clearances Apply for finance Final clearance None of above 3
150 Which of the following industries are covered under MSME? Meat products Plastic products Sports goods All of above 4
151 MSME contributes _____towards industrial production 40% 45% 50% 65% 2
152 MSME gives employment to almost ___________ people 31million 50million 10million 60million 1
153 MSME act was operational on ___________ 5th october 2006 6th october 2005 2nd october 2006 None of above 3
___________ is an enterprise in which investment in plant and machinery is up
154 to 10 lakhs Micro enterprise Small enterprise Medium enterprise None of above 1
_____________ is an enterprise in which investment in plant and machinery is
155 from 10 lakhs to 2 crores Micro enterprise Small enterprise Medium enterprise None of above 2
__________ is an enterprise in which investment in plant and machinery is from
156 2crores to 5 crores Micro enterprise Small enterprise Medium enterprise None of above 3

157 Institutional support for entrepreneurs is divided into ______ categories 2 4 3 5 3

__________ is an apex advisory body constituted to advise the government on
158 all issues pertaining to the MSME sector MSME NBMSME MSME DO None of above 2
159 NBMSME was constituted in _________ 2007 2008 2009 2010 1
160 NBMSME comprises of _____ members 100 20 50 150 3
Union Minister of Commerce &
161 __________ is the chairman of the NBMSME Industry Board of directors Minister of MSME None of above 1
162 NBMSME operates in areas of ___________ Marketing assistance Credit facilities Taxation & modernisation All of above 4
Khadi Village and Industries Khadi Village and Khadi Village and
163 KVIC stands for _________ Commission Industries Centre Industries Council None of above 1
164 KVIC functions under Ministry of ________ MSME TCO SIDBI None of above 1
165 Primary objective of KVIC is ________ Social objective Economic objective Wider objective All of above 4
Providing employment in rural Creating self-reliance
The Social Objective of KVIC is __________
166 areas Providing saleable articles amongst people None of above 1
Providing employment in rural Creating self-reliance
The economic Objective of KVIC is __________
167 areas Providing saleable articles amongst people None of above 2
 Providing employment in rural Creating self-reliance
The wider Objective of KVIC is __________
168 areas Providing saleable articles amongst people None of above 3
169 KVIC Designs are improved with Collaboration of _________ NID NIFT Both 1 & 2 None of above 3
PMEGP (Prime Ministers SFURTI (Scheme of Fund
REGP (Rural Employment
Initiatives by KVIC are ____________ Employment generation for Regeneration of
Generation Programme)
170 Programme) Traditional Industries) All of above 4
Prime Ministers
PMEGP stands for Prime Ministers Employment Employment growth Prime Ministers Energy
171 generation Programme Programme generation Programme None of above 1
Rural Employment Generation Regional Employment Rural Employee Growth
REGP stands for
172 Programme Generation Programme Programme None of above 1
Scheme of Fund for Scheme of Finance for Scheme of Fund for
SFURTI stands for Regeneration of Traditional Regeneration of Renewal of Traditional
173 Industries Traditional Industries Industries None of above 1
Regional Industry Service Rural Industry Security
RISC stands for
174 Rural Industry Service Centers Centers Centers None of above 1
Khadi Karigar Janashree Bima Khadi Village Janashree Khadi Karigar Janta Bima
JBY satnds for
175 Yojna Bima Yojna Yojna None of above 1
176 __________ is a natural fibre extracted from the outer husk of coconut Coir Silk Cotton None of above 1
177 Coir board is a statutory body formed under ___________ The Coir Industry act, 1953 The Coir Industry act, The Coir Industry act, None of above 1
178 _______ is to promote modernization of coir industry Bharat Coir, 1968 Hindustan Coir, 1968 Hindustan Coir, 1969 None of above 2
179 Central Coir Research Institute, established in _________ 1969 1967 1952 1959 4
Monitoring policies &
Formulating and coordinating Implementing
180 MSME DO is an Apex body to assist Government in ___________- programs All of above 4
30
181 MSME-DO has a network of ____________MSME development institutes 20 10 50 1
182 There are ________ MSME testing centre 5 4 3 2 2
183 __________ has an office at Johannesburg in South Africa NBMSME NSIC TCI MSME DO 2
184 NSIC recieved awards like _____________ Mini ratna Meri dilli Icon of the year All of above 4
National Service &
National Science & Technology National Science & Technology
Entrepreneurship Development Technology Employee Entrepreneurship
185 NSTEDB stands for Board Development Board Development Board None of above 1
186 NSTEDB has Established in 1962 1982 1985 1990 2
Job Seekers in to Job Creators Job creators in to Job Job Seekers in to Job
187 NSTEDB Aims to convert and Job Providers seekers and Job Providers Convertors None of above 1
National Productivity National Production
188 NPC stands for National Productivity Council Centre Council National Pension Council 1
189 NPC having its head office is in _________ Pune New delhi Gandhinagar Mumbai 2
190 NPC aims to promote culture of ________ Productivity Training Consultancy None of above 1

191 NPC has Own training institute AIP(Dr Ambedkar Institute of Productivity) in Chandigarh Chennai Hyderabad Tamil nadu 2
192 _______ is not for profit institute EDII TCO MSME DO None of above 1
EDII has helped set up _______ state-level exclusive Entrepreneurship
193 Development Centres and Institutes. 10 11 12 13 3
Council for Research in
Centre for Research in Centre for Research in
Entrepreneurship
Entrepreneurship Education Energy Education and
Education and
and Development Development
194 CREED stands for ________________ Development None of above 1
 PGDM – BE (Business PGDM - Development Open Learning
195 EDII offers Entrepreneurship) Studies Programme in All of above 4
___________ Aims to develop, promote & transfer technologies emanating from
196 various R & D institutions NRDCI NSIC NPC None of above 1
National Research National Research National Research
Development Corporation of Development Council of Development Centre of
197 NRDCI stands for______ India India India None of above 1
198 Main programs of NRDC are Invention promotion Technology promotion Commercialization of All of above 4
199 NRDC gives _____________ awards NRDC innovation award NRDC social innovation NRDC budding innovators All of above 4
200 IIE Indian Institute for Entrepreneurship is established at ___________ Hyderabad Guwahati Bangalore New delhi 2