CBSE Class 12 Entrepreneurship MCQs Set C

Question: The activity which occurs when the new venture is started is called:
(a) Motivation
(b) Business skills
(c) Departure point
(d) Goal orientation

Answer : C

Question: What is the process by which individuals pursue opportunities without regard to resources they currently control?
(a) Startup management
(b) Entrepreneurship
(c) Financial analysis
(d) Feasibility planning

Answer : B

Question: 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

Answer : C

Question: Which one of the following gives suggestions for new product and also help to market new products?
(a) Existing products and services
(b) Federal government
(c) Distribution Channels
(d) Consumers

Answer : C

Question: GATT is established in 1947, under:
(a) German leadership
(b) U.S. leadership
(c) French leadership
(d) U.K. leadership

Answer : B

Question: Which of the following is used by entrepreneurs to acquire experience in an international market before making a major commitment?
(a) Merger
(b) Minority Interest
(c) Joint venture
(d) Majority interest

Answer : B

Question: Individuals influencing an entrepreneur’s career choice and style are known as which of the following?
(a) Moral-support network
(b) Role model
(c) Professional support network
(d) Support system

Answer : B

Question: Having less than 50 percent of equity share in an international venture is called:
(a) Joint Venture
(b) Majority interest
(c) Minority interest
(d) Exporting

Answer : C

Question: The level at which an individual is viewed by society is called:
(a) Financial status
(b) Qualification
(c) Social status
(d) Achievement

Answer : C

Question: Members of distribution channels are excellent sources for new ideas because:
(a) They earn a handsome profit from new business
(b) They are familiar with the needs of the market
(c) They do not bother if entrepreneur bears a loss
(d) They have well-developed sales force

Answer : B

Question: Information regarding all of the following is related to operations, EXCEPT:
(a) Location
(b) Promotion
(c) Raw materials
(d) Labor skills

Answer : C

Question: A performance and credit rating scheme has been launched by the MSME Ministry to assess creditworthiness and capabilities of industries in the sector. What is it called?
(a) Performance and Credit Rating Scheme
(b) Zero Defect Zero Effect Certification
(c) Performance and Economy Rating Scheme
(d) None of the above

Answer : A

Question: Family business always interested to handover the change of his business to:
(a) Indian Administration Officers
(b) Professional Managers
(c) Next generation
(d) None of the above

Answer : C

Question: The entrepreneur was distinguished from capital provider in:
(a) Middle ages
(b) 17th century
(c) 18th century
(d) 19th and 20th century

Answer : C

Question: EDP (Entrepreneurship Development Programmes) is required to help:
(a) Existing entrepreneurs
(b) First generation entrepreneurs
(c) Future generations entrepreneurs
(d) None of the above

Answer : B

Question: Which of the following is alternatively called corporate venturing?
(a) Entrepreneurship
(b) Intrapreneurship
(c) Act of stating a new venture
(d) Offering new products by an existing company

Answer : B

Question: Which of the following shows the process of creating something new?
(a) Business model
(b) Modeling
(c) Creative flexibility
(d) Innovation

Answer : D

Question: 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

Answer : C

Question: Having more than 50% ownership position that provides the entrepreneur with managerial control is called:
(a) Joint venture
(b) Majority interest
(c) Horizontal merger
(c) Diversified activity merger

Answer : B

Question: Which one of the following is the process of entrepreneurs developing new products that over time make current products obsolete?
(a) New business model
(b) Anatomization
(c) None of the given options
(d) Creative destruction

Answer : D

Question: Which of the following factors is the most important in forcing U.S companies to focus on new product development and increased productivity?
(a) Entrepreneurship
(b) Hyper competition
(c) Governmental laws
(d) Organizational culture

Answer : B

Question: Venture capital is concerned with:
(a) New project having potential for higher profit
(b) New project of high technology
(c) New project having high risk
(d) All the above.

Answer : A

Question: Which one of the following is the most important characteristic of a successful business website?
(a) Innovation
(b) Speed
(c) Graphics
(d) Products

Answer : B

Question: A Micro Enterprise is an enterprise where investment in plant and machinery does not exceed (According to MSMED Act, 2006):
(a) Rs. 15 Lakh
(b) Rs. 20 Lakh
(c) Rs. 25 Lakh
(d) Rs. 30 Lakh

Answer : C

Question: A women entrepreneur is supposed to have a minimum financial interest in share capital of entrepreneur’s enterprise:
(a) 35 per cent
(b) 51 per cent
(c) 25 per cent
(d) None of the above

Answer : C

Question: 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

Answer : C

Question: SBA stands for:
(a) Small business accountants
(b) Small business administration
(c) Small business adequacy
(d) Small business advisors

Answer : B

Question: 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

Answer : B

Question: Which one of the following is an important source of idea generation due to their familiarity with the needs of market?
(a) Existing products and services
(b) Distribution channels
(c) Federal government
(d) Consumers

Answer : B

Question: A person who managed large project was termed as the entrepreneur in the _________.
(a) Earliest period
(b) Middle ages
(c) 17th century
(d) 19th and 20th century

Answer : B