Entrepreneurship

MCQs – Ch-4 Entrepreneurship As Innovation And Problem Solving

Entrepreneurship – As Innovation & Problem Solving

43– One Mark Questions – Specially Designed for CBSE Class 11 Students

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Q1: The inventor of X- Rays is :

(a) Wilhem Roentgen                                     (c) Sir Alexander Fleming

(b) Percy Spencer                                            (d) George Crum

Ans: (a) Wilhem Roentgen

Q2: Razaq is a native of the beautiful valley of Kashmir. His family owns an apple orchard. During his summer break, he decided to help his family at the orchard. He observed that a lot of time was lost in plucking apples. Being of an innovative mind, he worked on solving the above problem and made a simple plucking device attached with a net land a knife. This saved considerable time and money.

Identify the role played by Razaq.

(a) Innovator                                                   (c) Both (a) and (b)

(b) Problem Solver                                          d) None of the above

Ans: (c) Both (a) and (b)

Q3: Dr Verghese Kurien is the founder of______________.

(a) Selco                                                          (c) Barefoot College

(b) Amul Diary                                               (d) SEWA

Ans: (b) Amul Diary

Q4: What does GPS stands for?

(a) Global Positioning Systems                      (c) Global Problem Solver

(b) Giant Positioning Systems                        (d) Great Problem Solver

Ans: (a) Global Positioning Systems

Q5: Which of the following institute was established by the government with the objective of supplying machinery and equipment to small enterprises as on hire purchase system.

(a) National Small Industries Corporation     (c) Entrepreneurship Development Institution of                                                                        India

(b) Small Industries Service Institution          (d) Training and development center

Ans: (a) National Small Industries Corporation

Q6: The inventor of Penicillin is :

(a) Wilhem Roentgen                                     (c) Sir Alexander Fleming

(b) Percy Spencer                                            (d) George Crum

Ans: (c) Sir Alexander Fleming

Q7: Arun is a native of the beautiful valley of Kashmir. His family owns an apple orchard. During his summer break, he decided to help his family at the orchard. He observed that a lot of time was lost in plucking apples. Being of an innovative mind, he worked on solving the above problem and made a simple plucking device attached with a net land a knife. This saved considerable time and money.

Identify the role played by Arun

(a) Innovator                                       (c) Both (a) and (b)

(b) Problem Solver                              (d) None of the above

Ans: (c) Both (a) and (b)

Q8: Bunker Roy is the founder of______________.

(a) Selco                                  (c) Barefoot College

(b) Amul Diary                       (d) SEWA

Ans: (c) Barefoot College

Q9: What does IDC stands for?

(a)International data collection                       (c) International data collector

(b) International data corporation                   (d) None of the above

Ans: (b) International data corporation

Q10: In which of the following a financial institution buys the accounts receivables of a company and pays up to 80% to 90% of the amount immediately and the balance, after deducting his charges, when the customer pays the debt.

(a) Tax holiday Scheme                                  (c) Small industry cluster development program

(b) Factoring Services                                     (d) National equity fund scheme

Ans: (b) Factoring Services

Q11: What is the full form of KFC?

(a) Kingfisher fried chicken                            (c) Kentucky fried chicken

(b) Kampire fried chicken                               (d) Kenya Fried chicken

Ans: (c) Kentucky fried chicken

Q12: The inventor of Potato chips is :

(a) Wilhem Roentgen                                     (c) Sir Alexander Fleming

(b) Percy Spencer                                            (d) George Crum

Ans: (d) George Crum

Q13: : The inventor of the Pacemaker is :

(a) Wilhem Roentgen                                     (c) Sir Alexander Fleming

(b) Percy Spencer                                            (d) John hopps

Ans: (d) John hopps

Q14: The inventor of Microwave ovens is :

(a) Wilhem Roentgen                                     (c) Sir Alexander Fleming

(b) Percy Spencer                                            (d) John hopps

Ans: (b) Percy Spencer

Q15:” Social entrepreneurs is which combines the passions of a social mission with an image of business-like discipline, innovation, and determination”.

Who has quoted the above definition of Entrepreneurship?

(a) Martin & Osberg                                       (c) Mohammad Yunus

(b) J. Gregory Dees                                         (d) Richard Cantillon

Ans: (b) J. Gregory Dees

Q16: “ the Social entrepreneur aims for the value in the form of large scale transformational benefits that accrues either to a significant segment of society or to society at large.”

Who has quoted the above definition of Entrepreneurship?

(a) Martin & Osberg                                       (c) Mohammad Yunus

(b) J. Gregory Dees                                         (d) Richard Cantillon

Ans: (a) Martin & Osberg

Q17: Ajay and Vijay are arguing on the fact that there is no difference between the objective of entrepreneur and social entrepreneur. Ajay is of the view that The final objective of Social entrepreneurs is wealth creation but Vijay is of the view that for social entrepreneurs wealth creation is a means to an end.

Who is correct?

(a) Ajay                                                           (C) Both Ajay and Vijay

(b) Vijay                                                          (d) None of the two

Ans: (b) Vijay

Q18: While appreciating the efforts of Arun,an upcoming entrepreneur, his Childhood friend Varun told him that I always knew that you have qualities of being a social entrepreneur because you always had your out of the box and ready to apply ideas to new solutions. Which of the following characteristics of social entrepreneurs is discussed in the above case?

(a) Opportunity seeking                                  (c) Accountable

(b) Resourceful                                               (d) Innovative

Ans: (d) Innovative

Q19: A Social entrepreneur has a quality of continuously asking himself that “Am I creating value for the people I am serving? Do I understand their needs?”

Which of the following characteristic of Social entrepreneur is highlighted above?

(a) Opportunity seeking                                  (c) Accountable

(b) Resourceful                                               (d) Innovative

Ans: (c) Accountable

Q20: Verghese Kurian is the founder of______________.

(a) Selco                                  (c) Barefoot College

(b) Amul Diary                       (d) SEWA

Ans: (b) Amul Diary

Q21: Ela Bhatt is the founder of______________.

(a) Selco                                  (c) Barefoot College

(b) Amul Diary                       (d) SEWA

Ans: (d) SEWA

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