Quiz  /  Entrepreneurship development Bank PO MCQ Questions With Answers

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

  • a) To identify possible sources of funds
  • b) To see if there are possible barriers to success
  • c) To estimate the expected sales
  • 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) Rs. 25 Lakh
  • b) Rs. 20 Lakh
  • c) Rs. 15 Lakh
  • d) Rs. 30 Lakh

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

  • Self Confidence
  • Resilience
  • Risk Taker
  • Negative Outlook

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

  • very small / many
  • large / a few
  • substantial / all
  • small / most of the

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

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

  • 6. 
    2. Trademarks relate to _______.

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

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

  • Mortgages
  • Auto loans
  • Credit card debt
  • 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) Idea Stage
  • b) Product Planning Stage
  • c) Product Development Stage
  • d) Test Marketing Stage

  • 9. 
    How many types of entrepreneurs are there?

  • 2
  • 4
  • 6
  • 8

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

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

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

  • short term
  • long term
  • debt fund

  • 12. 
    The entrepreneur was distinguished from capital provider in:

  • a) Middle ages
  • b) 17th century
  • c) 18th century
  • 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) Ecopreneur
  • b) Technopreneur
  • c) Intrapreneur
  • d) Social Entrepreneur

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

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