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Unsolved Exercise
Section A
(Objective Type Questions)
A. Choose the correct option.
1. Which of the following is not a characteristic of entrepreneurship?
i. It is an economic activity done to create, develop, and maintain a profit-oriented organisation.
ii. It begins with identifying an opportunity as the potential to sell and make a profit in the market.
iii. The entrepreneurs are not competent enough to manage risks to make profits.
iv. It deals with optimization in the utilisation of resources.
2. Which of the following are the qualities of a successful entrepreneur?
i. Initiative & self-confidence
ii. Willingness to take risks and hard work
iii. Ability to learn from experience and decision-making ability
iv. All of the above
3. ...................... means being able to do things without being told, to persevere when things get tough, and to recognise and
take advantage of new opportunities when others are unaware of them.
i. Taking initiative ii. Problem solving
iii. Goal setting iv. All of the above
4. What are the ways in which aspiring entrepreneurs can identify new business opportunities and evaluate their potential and
risks?
i. Community concerns ii. Personal experiences
iii. Research with others iv. All of the above
5. Prashant works for Surabhi, who is a businesswoman. Prashant is a/an .......................
i. Entrepreneur ii. Wage-employed person
iii. Skilled worker iv. Businessman
6. ...................... is the capacity to do tasks successfully and on schedule.
i. Efficiency ii. Growth and development
iii. Competency iv. Inadequacy
7. What are the various schemes to help small–scale entrepreneurs gain capital?
i. Government Mudra Yojana ii. Credit Guarantee Scheme
iii. Stand–Up India Scheme iv. All of the above
8. The process of planning and following a conscious control of time spent on specific activities is called …………………………. .
i. time management ii. goal setting
iii. efficiency iv. None of these
9. Identify the process where decisiveness can be developed.
i. Knowing yourself ii. Problem-solving
iii. Analysing the opportunities iv. All of the above
10. Identify the process where initiative can be developed within the entrepreneur.
i. Realising that you can take action ii. Believing you can take action
iii. Both i and ii iv. None of these
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