Correct : D. who has strong conviction and confidence in his in-born ability
2. According to Druckers, how many conditions have to be fulfilled for systematic
innovation
Correct : A. Three
3. “Entrepreneurs reacted to economic change, thereby becoming the economic agents who transformed demand into supply.” This statement is given by:
Correct : A. Adam Smith
4. John Stuart Mill observed the necessity of entrepreneurship in business for economic
development in
Correct : D. 1948
5. According to Clarence Danhof, types of entrepreneurs are
Correct : C. Four
6. An entrepreneur is:
Correct : D. All of the above
7. Which of the following is not a Managerial function of entrepreneur?
Correct : A. Accounting
8. Innovation is considered as hallmark for an entrepreneur is the view held by;
Correct : C. Joseph A Schumpter
9. The most suitable type of entrepreneur for a developing economy like India is:
Correct : B. Imitative
10. Which of the following is not a personal characteristic often found in an entrepreneur?
Correct : D. follower
11. An individual who starts, creates and manages a new business can be called:
Correct : C. Entrepreneur
12. Role of entrepreneus includes:
Correct : D. All of the above
13. Balanced regional development includes:
Correct : A. Economin and non-economic considerations
14. An entrepreneurs plays an important role in:
Correct : A. Economic development
15. “Entrepreneurship is an innovative function. It is leadership rather than ownership,” was given by:
Correct : C. Peter F Drucker
16. Many entrepreneurs fail due to
Correct : D. All of the above
17. _________defines an entrepreneur as one, who always searches for change, responds to
it and exploits it as an opportunity
Correct : B. Peter F Drucker
18. The term concept of entrepreneurship originated in
Correct : C. 16th century
19. In relation to Indian Industries, entrepreneurship is
Correct : A. Necessary
20. ___________shows the process of creating something new.
Correct : A. Innovation
21. The goals should be ______for the success of business plan
Correct : B. Specific
22. The term concept of entrepreneurship originated in
Correct : A. 18th century
23. In relation to Indian industries entrepreneurship is:
Correct : A. Necessary
24. Entrepreneur is:
Correct : D. All of these
25. An entrepreneur plays an important role in:
Correct : A. Economic development
26. An entrepreneur is:
Correct : B. Born & made both
27. Entrepreneurs are helpful in bringing about:
Correct : A. Balanced industrial development
28. Entrepreneur in employment opportunities:
Correct : A. Increase
29. The first Industrial Policy Resolution 1948 was held during:
Correct : D. Post-independence era
30. Innovation theory first was given by:
Correct : C. Joseph A. Schumpeter
31. David McClelland has introduced the theory of:
Correct : A. Need for Achievement
32. From which Five Year Plan the moto was ‘an economy is the effect for which entrepreneurship is the cause’:
Correct : B. 6th
33. „Entreprendre‟ is:
Correct : D. French language
34. The characteristic of an entrepreneur is:
Correct : D. all of the above
35. Innovation means:
Correct : B. implementation of new ideas
36. Role of entrepreneur can be depicted
Correct : A. giving emphasis on village and cottage industries
37. Entrepreneurship played a pivotal role in bringing social stability by:
Correct : C. alleviating of poverty
38. Dynamic entrepreneurship innovation theory was developed during
Correct : A. 1949
39. Thematic appreciation test is conducted by the
Correct : B. Young
40. X-efficiency theory indicates the use of resources in terms of
Correct : B. inefficiency
41. Most of EDPs have
Correct : A. Three phase
42. The Khadi and Village industries commission was established in
Correct : A. April 1957
43. The DICs programme was started by the central govt in
Correct : B. 1978
44. KVIC has launched common brand names for KVIC products in
Correct : D. October 2001
45. Rural industries consultancy services cell is set up under
Correct : D. KVIC
46. EDP implies:
Correct : A. Development of entrepreneurial ablilities
47. National Bank for Agriculture and Rural Development initial is:
Correct : B. NABARD
48. The Indian Institute of Entrepreneurship (IIE) was established in the year
Correct : C. 1993
49. Phases of EDP consist of
Correct : D. All of the above
50. According to Schumpeter‟s Theory of Innovation, innovation involve:
Correct : D. All of the above
51. DIC is the abbreviated form of
Correct : C. District Industries Centre
52. Objectives of Khadi and Village Industries Commission (KVIC):
Correct : D. All of the above
53. The duration of an EDP is generally for a period of:
Correct : A. 3 Weeks
54. Entrepreneurship development institute of India was set up in
Correct : A. 1983
55. Indian Institute of Entrepreneurship is situated at
Correct : C. Guwahati
56. It is the Apex banking institution to provide finance for Agriculture and rural
development.
Correct : C. NABARD
57. KVIC was established in
Correct : C. 1953
58. Entrepreneurial development programme provides
Correct : D. All of the above
59. EDPs course contents contains_______
Correct : D. All of the above
60. The application for registration of a small scale unit should be submitted to the___
Correct : A. General manager, DIC
61. District Industries centers are located
Correct : A. in each district
62. Who called entrepreneur an innovator?
Correct : C. Schumpeter
63. The fundamental of in entrepreneurship is:
Correct : B. Entrepreneurial disposition
64. Indian Institute of Entrepreneurship (IIE) is situated at
Correct : B. Guwahati
65. The basic objective of EPD is:
Correct : D. All of the above
66. Entrepreneurial development programme provides
Correct : D. All of the above
67. The functions and activities of DICs are monitored by:
Correct : C. Directorate of Industries and commerce
68. KVIC is an apex organization under the:
Correct : C. Ministry of Micro, Small and Medium Enterprises
69. Which of the following banks provide financial assistance to promote new entrepreneurs?
Correct : A. IDBI
70. Entrepreneurship Development Programme (EDP) may be defined as:
Correct : A. Training Programme
71. The District Industries Centre (DIC) is the institution at the:
Correct : C. District level
72. After completing all formalities, entrepreneurs should get permanent registration before commencing the production from:
Correct : D. DICs
73. Indian Institute of Entrepreneurship (IIE), Guwahati is for
Correct : B. North Eastern region
74. The pilot project of NABARDfordigitisation of SHGs called
Correct : A. e-Shakti
75. EDII is situated at
Correct : D. Ahmedabad
76. NABARD is promoting an entrepreneurial culture among the:
Correct : B. rural youth
77. To be eligible under PMEGPthrough KVIC, the applicant‟s age should be:
Correct : C. 18 and above
78. A project or a business undertaking especially a commercial one involving a risk and uncertainty is called
Correct : A. an enterprise
79. The entrepreneur should ensure that the opportunity must be compatible with
Correct : D. all above
80. The basic purpose of economic analysis, resources should be valued in terms of their
Correct : D. opportunity cost
81. The financial plan for meeting the cost of the project depends on how accurately estimated with
Correct : A. cost
82. The investigation will help him to reach a conclusion as to the feasibility and prospect of the whole proposal is depend on
Correct : B. preliminary investigation
83. Internal environmental factor includes
Correct : C. both a and b
84. “Promotion is the discovery of business opportunities and subsequent organisation of funds, property and managerial ability into a business concern for the purpose of earning profit thereon.” this definition is given by:
Correct : A. C.W Gerstenberg
85. Commercial exploitation of indigeneous or imported technology and knowhow is another source of
Correct : B. project idea
86. Success of enterprise depends on:
Correct : A. Both entrepreneur and enterprise are good
87. Characteristics of Business environment include:
Correct : C. All of the above
88. Dimensions of Business Environment consist of:
Correct : D. All of the above
89. In SWOT analysis Strength and weakness relates to:
Correct : A. Entrepreneur
90. Business or project ideas can be generated from:
Correct : C. Both Internal & External
91. Selecting a project out of projects identified is called:
Correct : B. Zeroing in process
92. In SWOT analysis Opportunities and Threats relates to:
Correct : B. Environment
93. Entrepreneurship development process includes:
Correct : D. All of the above
94. External environment factors are
Correct : D. All of the above
95. Opportunity means a chance to do:
Correct : A. new things
96. Which of the following is not the factor of internal environmental analysis?
Correct : C. Competitive
97. Indirect –action elements of external environment includes:
Correct : D. All of the above
98. Internal environment is also called:
Correct : C. Both (a) and (b)
99. Good sources of information for an entrepreneur about competitors can be obtained from
Correct : D. All of the above
100. From the following which one is factor affecting entrepreneurial growth: