Entrepreneurship development Bank PO MCQ Questions With Answers Quiz Questions

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

A a) To identify possible sources of funds B b) To see if there are possible barriers to success C c) To estimate the expected sales D d) To explore potential customers

2. A Micro Enterprise is an enterprise where investment in plant and machinery does not exceed (According to MSMED Act, 2006):

A a) Rs. 25 Lakh B b) Rs. 20 Lakh C c) Rs. 15 Lakh D d) Rs. 30 Lakh

3. Which of these is not a unique quality of an entrepreneur?

A Self Confidence B Resilience C Risk Taker D Negative Outlook

4. In a venture capital deal, ________________ownership chunks of a company are created and sold to ____________________ investors

A very small / many B large / a few C substantial / all D small / most of the

5. 3. Which could provide an individual with the motivation to start a new business venture?

A A. The financial rewards. B B. A desire to be independent. C C. Risk-taking D D. All the above.

6. 2. Trademarks relate to _______.

A A. Practice and knowledge acquired through experience B B. The protection of proprietary information of commercial value C C. The right to reproduce ones own original work D D. Brand identity

7. What are some of the most common forms of debt?

A Mortgages B Auto loans C Credit card debt D All of these options are correct

8. Which one of the following is the next stage to the Concept Stage of Product Planning and Development Process:

A a) Idea Stage B b) Product Planning Stage C c) Product Development Stage D d) Test Marketing Stage

9. How many types of entrepreneurs are there?

A 2 B 4 C 6 D 8

10. Which of the following statements is true about Debt?

A Debt is the amount of money you have in your checking account. B Debt is the amount of money you have borrowed from a person or a business. C Debt is the ability to borrow money. D Debt is the amount of money you have in a savings account.

11. Issue of shares is the most important method of raising ______ funds

A short term B long term C debt fund

12. The entrepreneur was distinguished from capital provider in:

A a) Middle ages B b) 17th century C c) 18th century D d) 19th and 20th century

13. Q3. 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:

A a) Ecopreneur B b) Technopreneur C c) Intrapreneur D d) Social Entrepreneur

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

A A. A leader B B. A manager C C. An entrepreneur D D. A professional