Entrepreneurship

MCQs – Ch-4 Entrepreneurship As Innovation And Problem Solving

Q22: Harish Hande is the founder of______________.

(a) Selco                                  (c) Barefoot College

(b) Amul Diary                       (d) SEWA

Ans: (a) Selco

Q23: Nand Kishore Chaudhary is the founder of______________.

(a) Selco                                  (c) Barefoot College

(b) Amul Diary                       (d) Jaipur Rugs

Ans: (d) Jaipur Rugs

Q24: Who among the following had created an organization In January  1995 in Bangalore India with a mission to work towards poverty eradication, promote environmental health, and strengthen democratic institutions and values in developing countries.

(a) Vinoba Bhave                                            (c) Bunker roy

(b) Ela Bhatt                                                   (d) Dr, Abraham M George

Ans: (d) Dr, Abraham M George

Q25: Who among the following a Social entrepreneur was the founder and leader of Bhudan Andolan.

(a) Vinoba Bhave                                            (c) Bunker roy

(b) Ela Bhatt                                                   (d) Dr, Abraham M George

Ans: (a) Vinoba Bhave

Q26: Which of the following is Non-Insurable risk?

(a) Fire                                                            (c) Theft

(b) Fluctuation in prices and demand             (d) All of the above

Ans: (b) Fluctuation in prices and demand               

Q27: Which of the following risks may result from strikes and lockouts by trade unions: negligence and dishonesty of an employee: accidents or deaths in the industry?

(a) Technological factors                                (c) Human factors

(b) Physical factors                                         (d) External factors

Ans: (c) Human factors

Q28: Vanshaj, has to bear the losses in his business as he could not achieve the target of completing his order of supplying 500 goods to his customer because his raw material supplier did not supply the Raw material on time. Which of the following factor is responsible for the loss borne by Vanshaj?

(a) Technological factors                                (c) Human factors

(b) Physical factors                                         (d) External factors

Ans: (c) Human factors

Q29: Priyansh, a businessman is bearing a huge amount of losses in his business because of bad debts. Which of the following factor is responsible for the loss borne by Priyansh?

(a) Technological factors                                (c) Human factors

(b) Physical factors                                         (d) External factors

Ans: (c) Human factors

Q30: The packaging life has increased the shelf life of various products like chips, milk, etc. Due to which companies are able to keep to the unsold stock of these goods for a longer period of time instead of clearing off the unsold stock at lesser prices.

Which of the following factors is responsible for the above benefits to the business.

(a) Technological factors                                (c) Human factors

(b) Physical factors                                         (d) External factors

Ans: (a) Technological factors

Q31: Kartik, has to bear the losses in his business as he could not achieve the target of completing his order of supplying 500 goods to his customer because the supplied goods were damaged in the transit. Which of the following factor is responsible for the loss borne by Kartik?

(a) Technological factors                                (c) Human factors

(b) Physical factors                                         (d) External factors

Ans: (b) Physical factors

Q32: Kamal, has to bear the losses in his business as he could not achieve the target of completing his order of supplying 500 goods to his customer because the production got interrupted due to the failure of machinery. Which of the following factor is responsible for the loss borne by Kamal?

(a) Technological factors                                (c) Human factors

(b) Physical factors                                         (d) External factors

Ans: (b) Physical factors

Q33: The Gujarat earthquake caused irreparable damage not only to the business enterprise but also adversely affected the whole economy of the state. Which of the following factor is responsible for the loss borne by Gujrat?

(a) Economic factors                          (c) Human factors

(b) Physical factors                             (d) Natural factors

Ans: (d) Natural factors

Q34: In the year 1977, the change in political power in the country changed the policy for MNCs in the country. Due to this many International Companies had to leave the Indian market in the year1977. Which of the following factor is responsible for the exit of MNCs?

(a) Economic factors                          (c) Human factors

(b) Political factors                             (d) Natural factors

Ans: (b) Political factors        

Q35: Mr. Mallaya is not able to implement his good idea of starting a business of Khadi PPE kits because of the unavailability of cash.

Which of the following is the barrier faced by Mr Mallaya?

(a) Cultural                                          (c) Social

(b) Political                                         (d) Economic

Ans: (d) Economic

Q36: In India, attitudes have changed with respect to food and clothing as a result of Industrialization employment of women in factories and offices and the increased level of education. This has resulted in the growth of food processing and garments manufacturing units thus the emergence and growth of a new class of Entrepreneurs. Which of the following factors is highlighted in the above case?

(a) Cultural                                          (c) Social

(b) Political                                         (d) Economic

Ans: (c) Social

Q37: When Mc Donalds entered India, To establish itself it ensured that it should understand the Indian Values, beliefs, and norms which helped Mc Donald to get a quicker acceptance in Indian Market. Which of the following factors is mainly taken care of by Mc Donald for its establishment in the Indian Market?

(a) Cultural                                          (c) Social

(b) Political                                         (d) Economic

Ans: (a) Cultural

Q38:  Many Chinese apps were banned in India after The Galwan Ghati war between Indian and China. Which of the following barrier is faced by Chinese companies?

(a) Cultural                                          (c) Social

(b) Political                                         (d) Economic

Ans: (b) Political        

Q39: Kiran, is earning her living by running a roadside mechanic shop. She is highly criticized in her neighborhood because of her type of work as people believe that mechanic jobs are for Men only. Which of the following barrier is faced by Kiran?

(a) Cultural                                          (c) Social

(b) Perceptual                                      (d) Economic

Ans: (b) Perceptual

Q40: Anuj started a mask-making business, but his business could not grow as per his expectations, So he decided to quit his business because of the failure of his venture.

Which of the following barrier is faced by Anuj?

(a) Cultural                                          (c) Social

(b) Perceptual                                      (d) Motivational

Ans: (d) Motivational

Q41: ______ are high net worth individuals who provide equity funding and export advice to businesses. Fill in the blank with a suitable concept:

(a) Venture capital                              (c) New Zealand Trade and enterprise

(b) Angel investors                             (d) Banks

Ans: (b) Angel investors

Q42: _____________is a professionally managed pool of capital providing funding to new business. Fill in the blank with a suitable concept

(a) Venture capital                              (c) New Zealand Trade and enterprise

(b) Angel investors                             (d) Banks

Ans: (a) Venture capital

Q43: ___________ and its network of business partners can provide small business the support and training they need to build management capabilities and grow their business.

Fill in the blank with a suitable concept:

(a) Venture capital                              (c) New Zealand Trade and enterprise

(b) Angel investors                             (d) Banks

Ans: (c) New Zealand Trade and enterprise

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