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MBA Entrepreneurship Exam Questions

1. The document is a practice exam for an entrepreneurship development course, containing 35 multiple choice questions to be answered. 2. The questions cover topics related to entrepreneurship including the definition of an entrepreneur, characteristics of successful entrepreneurs, sources of funding and business ideas, phases of starting a business, and concepts of quality management, growth strategies, and intellectual property rights. 3. Students are instructed to bold the answer for each question in the provided word document and return it by email within the given time limit.

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Pranay Gode
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0% found this document useful (0 votes)
308 views7 pages

MBA Entrepreneurship Exam Questions

1. The document is a practice exam for an entrepreneurship development course, containing 35 multiple choice questions to be answered. 2. The questions cover topics related to entrepreneurship including the definition of an entrepreneur, characteristics of successful entrepreneurs, sources of funding and business ideas, phases of starting a business, and concepts of quality management, growth strategies, and intellectual property rights. 3. Students are instructed to bold the answer for each question in the provided word document and return it by email within the given time limit.

Uploaded by

Pranay Gode
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

SINHGAD TECHNICAL EDUCATION SOCIETY’S

NBN SINHGAD TECHNICAL INSTITUTES CAMPUS, AMBEGAON (Bk), PUNE 41


NBN SINHGAD SCHOOL OF MANAGEMENT STUDIES
MBA-I End-Term Examination
(109 ) Entrepreneurship Development
Date:- 29/04/2021, THURSDAY Time: 1.00pm to 2.00pm Marks: 30

Student Name:- Pranay Pundlikrao Gode


Roll No.-23 Div.-B
-------------------------------------------------------------------------------------------------------------------------------
Instructions:-

1) Solve Any 30 Questions from given 35 Questions


2) Download This Word file at your end.
3) Just BOLD the answer.
4) Return as attachment from Your Email id to My official Id.
5) No WAPP please.

*************************************************************************************

1. The term “Entrepreneur” has been derived from the word “entreprendre” which
means:
a. To give, b. To undertake, c. To choose d. To decide

2. Entrepreneurship is a creative activity – Said by:


a. Frederick Harbison
b. B. F. Hoselitz
c. B. Higgins
d. Joseph

3. What is the hallmark of a successful entrepreneur?


a. Risk bearing capacity
b. Persistence
c. Flexibility
d. Self-confidence

4. Which type of entrepreneurs utilizes a chance to introduce a new technique or new


product?
a. Innovative entrepreneur
b. Instigated entrepreneur
c. Initiative entrepreneur
d. Fabian entrepreneur

5. In which state of India, the standard of education is highest?


a. Tamil Nadu
b. Andhra Pradesh
c. Kerala
d. Karnataka

6. Which phase is the phase of real training?


a. Initial phase
b. Training phase
c. Post-training phase
d. Follow up phase

7. “Seed Capital Scheme” is being operated by?


a. IDBI
b. SIDC
c. ICICI
d. IFCI

8. Why the majority of women are unaware of technological developments?


a. Low-risk bearing ability
b. Low mobility
c. Lack of education
d. Low need for achievement

9. Which of the following is a remedy to solve the problems of women entrepreneurs?


a. Social attitude
b. Finance cells
c. Stiff Competition
d. Supervision
10. What is the analytical study of the end products and by-product can throw light on
new product ideas?
a. Emerging technologies
b. Market characteristics
c. Social and economic trends
d. Product profile

11. What can be defined as an attractive project idea which an entrepreneur accepts as
a basis for his investment decision?
a. Possibility
b. Business
c. Opportunity
d. Notion

12. What is a two-way exchange process in which the needs and wants of the buyer and
seller are satisfied?
a. Marketing
b. Selling
c. Producing
d. Accounting

13. Which phase starts after the investment decision is taken?


a. Normalization phase
b. Construction phase
c. Pre-investment phase
d. Product identification phase

14. What provides all the necessary information of the unit proposed to be set-up for
the manufacture of a product or rendering a service?
a. Project description
b. Project appraisal
c. Project implementation schedule
d. Project report
15. Which statement gives a projection of future sources of cash and their applications?
a. Cash flow statement
b. Fund flow statement
c. Income statement
d. Balance sheet
.

16. Ownership capital is also known as?


a. Debt
b. Equity
c. Loan
d. Mortgage

17. Which type of industrial estates is called conventional industrial estates?


a. General type of industrial estate
b. Special type industrial estate
c. Ancillary industrial estate
d. Workshop bay

18. IPR stands for?


a. Industrial Policy Resolutions
b. Industrial Protection Resolutions
c. Independent Policy Reforms
d. Income Plan Rewards

19. “Quality is fitness for use or purpose” said by:


a. Philip B. Crosby
b. Joseph M. Juran
c. W. Edwards Deming
d. ISO

20. What refers to managing continuous improvement and does not address any
specific organizational level?
a. Quality
b. Administration
c. Management
d. People

21. What breeds personal initiative?


a. Empowerment
b. Consensus
c. Teamwork
d. Organization

22. In which stage the business expands by way of opening its branches?
a. Startup stage
b. Growth stage
c. Expansion stage
d. Maturity stage

23. Which form of growth of the business is diversification?


a. External
b. Vertical
c. Horizontal
d. Internal

24. When two or more enterprises merge into one to form a new enterprise, what is it
called?
a. Absorption
b. Amalgamation
c. Joint Venture
d. Franchising

25. ___ says that entrepreneurship is a ___ activity.


a. Fredrick Harbison & creative
b. Fredrick Harbison & innovative
c. Schumpeter & creative
d. Schumpeter & innovative

26. Which of the following is not a quality of a successful entrepreneur as specified by


Mc Clelland?
a. He is endowed with unusual creativeness
b. He has a high degree of ambition
c. He is enriched by a high propensity
d. He has also a strong need for achievement.

27. Which of the following is not a source of idea for an entrepreneur?


a. Cost of the project
b. Product profile
c. Imports and exports
d. Emerging technologies

28. While doing a market survey for raw material availability, which of the following
should be considered?
a. Existing brand loyalties and consumption pattern
b. Leading suppliers and time for order execution
c. Market strategy and advertising
d. Major manufacturers and machinery delivery schedules

29. According to Peter Drucker, which of the following is not a kind of opportunity?
a. Breakthrough
b. Additive
c. Complementary
d. Market

30. On the basis of permanence, the financial needs are classified into:
a. Fixed & working capital
b. Long term & fixed capital
c. Short term & fixed capital
d. Long term & short-term capital

31. TQM is a philosophy where the approach is ___ and ___.


a. Human & scientific
b. Behavioral & Scientific
c. Behavioral & Human
d. Systematic & Human

32. 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

33. Trademarks relate to _______.


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

34. 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.

35. Which industrial sector tends to naturally promote small-scale businesses and
Entrepreneurship, and generally has lower barriers to market entry?
A. Service.
B. Manufacturing.
C. Distribution.
D. Agriculture.

***********************************************************************

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