MCQ’S PRACTICE FOR

ENTREPRENEURSHIP
DEVELOPMENT

BY
KAWALPREET SINGH
Q1. Entrepreneurship is a function of procuring and using resources?
• Carl Mengar
• Adam Smith
• Richard Cantillon
• Peter Drucker

Q2. Entrepreneurship is about establishing an organization for commercial purpose. It involves

supplying of capital and Managing the Business by intervening between labor and consumer.
Entrepreneurship requires unusual foresight to recognize potential demand of goods and
services and brings a Change by Transforming demand into supply?
• Carl Mengar
• Adam Smith
• Richard Cantillon
• Joseph Schumpter
Q3 Entrepreneur is a person who undertakes the risk of establishing a new enterprise and
Entrepreneurship as a function of combining factors of production into producing a organism and making
decisions about their Allocation?
• Carl Mengar
• Adam Smith
• Richard Cantillon
• Peter Drucker

Q4 Entrepreneurship is all about innovating, Raising money, Collecting inputs, organizing Talent, providing
leadership and setting the Organization?
• Carl Mengar
• Joseph Schumpeter
• Richard Cantillon
• Terry
Q5 Entrepreneurship is the attempt to create value recognition of the business opportunity and
management of risk-taking appropriate according to opportunity and through communicative
and management skills to mobilize human, Financial and material resources necessarily to bring
project to Fruition?
• Berry Rayan
• John Kao
• Robert Kawasaki
• Stancy Adams

Q6 Theory of innovation and Economic development was provided by

• Terry
• Adam Smith
• Schumpeter
• Peter Drucker
Q7 Theory of Achievement motivation was given by?
• John Kao
• Stancy Adams
• David McClelland
• Richard

Q8 Full form for SIETI

• Small Industries entrepreneurial Training institute
• Small industries entrepreneur Training institute
• Small industries Economic training institute
• Small Industries Extension and training institute
Q9 Which are the Three countries where McClelland Conducted his experiments?
• America, Mexico and Canada
• China, japan and Vietnam
• India, Ecuador and Malawi
• England, Germany and Italy

Q10 This Study was conducted in year and in which city?

• Washington, USA
• Mumbai, Maharashtra
• Kakinada, Andhra Pradesh
• Madrid, Europe
Q12 In Achievement Motivation training which are not Included
• Setting self goals and Goals Achievement
• Emulating Models of Achievement by constant watch and alertness
• Attainment of Clear and frequent Feedback
• Planning Unrealistic goals through Self performance appraisal

Q13 Which of the following points are Not relevant with Commercial Entrepreneurship?
• Primary motive is solving social problems
• Innovations are converted into Business opportunities
• Profit is used for further expansion and Growth
• Customer is king and is served accordingly
Q14 Investment limits for Micro, small and medium enterprises in India?
• 25 lacs, 25 lacs-5 Crores, 5-10 crores
• 5 lacs, 5-20 lacs, 20-50 lacs
• 1 lac, 2-5 lacs, 5-10 lacs

Q15 Innovating entrepreneurs are those?

• Aggressive experimentation
• Clever combinations of techniques
• Quick assembly of market information
• Adopts successful innovations