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Solved Exercise
Section A
(Objective Type Questions)
A. Choose the correct option.
1. ............................... means not to give up and keep going even when a challenging situation arises while running a
business.
i. Motivation ii. Self-awareness
iii. Perseverance iv. Determination
2. An ............................... acts as a means of assisting budding entrepreneurs in recognising and designing
one-of-a-kind distinctive business possibilities.
i. entrepreneurship development programme ii. stress management programme
iii. business development programme iv. mentor development programme
3. Which of the the following is a part of entrepreneurship process?
i. Developing of business plans ii. Using innovation, launching and running the business
iii. Both i. and ii. iv. Copying other businesses
4. Which of the following is NOT a quality of a successful entrepreneur?
i. willingness to take risks ii. ability to learn from mistakes
iii. motivated iv. taking frequent holidays
5. Many ............................... succeed by focusing on ideas that incorporate technology or deliver technology-driven
solutions.
i. startups ii. entrepreneurs
iii. mentors iv. businesses
6. Entrepreneurship-cum-skill development programmes are offered by ................................
i. National Informatics Centre
ii. National Institute for Entrepreneurship and Small Business Development
iii. Ministry of Telecommunications
iv. Ministry of Commerce
7. An entrepreneur's primary responsibility is to secure the timely availability of all the ................................
i. money ii. infrastructure
iii. resources iv. supplies
Ans. 1. iii 2. i 3. iii 4. iv 5. i 6. ii 7. iii
B. Fill in the blanks.
1. A ............................... is a business that is in its early stages of development.
2. Entrepreneurs undertake a ............................... to determine the commercial viability of a new product or service.
Entrepreneurial Skills-IV 115

