Disclaimer: The questions given here are indicative of the format of questions in the MCQ section of the end

semester exam, and not exhaustive. The final question paper for your exam will be set by the University and will have a wide
range of questions. Please use this model paper in conjunction with your other course materials to prepare well for your exams.

Course Title: ENTREPRENEURSHIP

Question A B C D Correct Answer

Question
Number
These entrepreneurs develop new and improved quality of goods
1 because of their craftsmanship. They are Technical entrepreneurs. 'Craftsman Type' Aesthetic Ethical Eccentric 'Craftsman Type'
What are they called in common parlance?
Alakh Pandey, popularly called 'Physics walla' has recently started
his own start-up with the name "Pathshala". This was in sheer
2 motivation to cater to his thousands of followers and students in Motivated Entrepreneur Technical entrepreneur 'Craftsman Type' Induced entrepreneur Motivated Entrepreneur
the EdSpace. What do we categorize these types of
entrepreneurs who turn into entrepreneurs out of motivation to
cater to the larger customer base?
Entrepreneurship has been referred to neither a science nor art by
3 a famous management leader. Identify the correct name from the Peter F. Drucker Arthur H. Cole Mc Cleland Benjamin Higgins Peter F. Drucker
given choices.
Entrepreneurship is the process wherein it involves economic
[email protected]
NQXCPJVU8Wactivities and augmentation in country's national income'. Which
4 Generate creative solutions Implement new ideas Employment generation Innovative skills Employment generation
of the following factors is closely related to the aforesaid
statement?
5 Which one of the following is NOT one of the essential qualities of Effective communication Decision-making Innovative Whimsical Whimsical
a successful entrepreneur?
Sachin Bansal started Flipkart seeing an unfulfilled need and gap in Unsatisfactory work
6 the market. What do we call this type of motive or drive to take Positive pull' influence Push influence Career transition Positive pull' influence
environment
up entrepreneurship?
An entrepreneur raises money for his/her business through
7 several stages during the growth of the firm. Initial Public Offer is Friends and Family VC, Venture Capitalists Government agencies Suppliers VC, Venture Capitalists
one way to give an exit to whom in business?
Successful entrepreneurs have an innate ability to embrace
calculated risk. This statement resonates with the beginning life as Elon Musk when he started Anil Ambani's Reliance ADA Mukesh Ambani's RIL, Kumar Mangalam's Aditya
8 Elon Musk when he started Tesla
a "first generation" entrepreneur of enormous fame. Identify from Tesla Group Reliance Industries Ltd. Birla Group
the given options.
Piyush Bansal's Lenskart is a classic example of growing business
9 in customers' pain point. What is the first strategy to adopt this Organizing manpower Problem Identification Arranging talent pool Addressing skill set Problem Identification
type of business model?
What do we necessarily call or associate a term with "an ideal VoC, Voice of the
10 way for an entrepreneur to deliver on customer's satisfaction". Opportunity Market gap Problem Identification VoC, Voice of the Customer
Customer
Identify the term from the options stated.
In the Modern Business Models based on Shared economy and
shared space, it is pioneer start-ups like these who serve for a
11 new business model for global entrepreneurs. Identify the Airbnb Meta Tesla Amazon Airbnb
company formed by a famous trio who started this venture in the
USA, from the options given as follows.

This file is meant for personal use by [email protected] only.

Sharing or publishing the contents in part or full is liable for legal action.
 Disclaimer: The questions given here are indicative of the format of questions in the MCQ section of the end semester exam, and not exhaustive. The final question paper for your exam will be set by the University and will have a wide
range of questions. Please use this model paper in conjunction with your other course materials to prepare well for your exams.

Idea generation is the key to modern day start-ups that needs

12 innovative ways of doing business. Which among the following is Distribution channel network Competitors Customers' feedback Government Regulations Government Regulations
not one of the 'Sources of Ideas'?
An aspiring entrepreneur looks ahead for converting an idea into Putting the idea through Testing Putting the idea through sales Putting the idea through Putting the idea on halt Putting the idea through Testing
13 an opportunity. The two essential parts of the process of idea and thereafter, Editing/revision and wait mail and texting and wait and thereafter, Editing/revision
generation are which of the following?
Entrepreneurs with a roadmap to start a business has a business
plan. It is the feasibility and appealing factor of such business plan
14 Team Angel investors Consumers Employees Angel investors
that helps them raise capital from whom among the following
options?
15 Which of the following is one of the most important and relevant Drawbacks of competitors and Raw material supplier Audit firms Government bodies Drawbacks of competitors and
source of idea generation for entrepreneurs? their customers' feedback their customers' feedback
In the process of idea generation it is prudent to consider the
suggestions and advices of whom among the following option,
16 Union Government Distribution channel members Federal government Material Suppliers Distribution channel members
given the fact that they are familiar with the changing needs of the
market and in close connection to consumer base?
"Rental marketplace" is considered as one of the most potential
and largest marketplace post the global slowdown of 2008. Accommodation and
17 Education and schooling Health and hospitals Food and Wellbeing Accommodation and transport
Which are the two most lucrative industries in which this transport
business model operates?
[email protected]
This is one of the vital sources for idea generation. This includes
NQXCPJVU8Wtelevision, newspaper, the internet, radio, magazines etc. for
18 Entrepreneurs Mass media Websites Scanning Mass media
information sharing and serves a potential source of ideas.
Identify
This literally refers to the surroundings and external objects’
influence on business.
19 This is a totality of all conditions, events and forces that surround External Environment Internal Environment Marketplace Products and services External Environment
and affect a business. Identify from the given options what is
being referred to.
The Internal Environmental Factor of an organization does not
20 include one of the features mentioned in the given options. Core competencies Opportunities Threats Vision Threats
Identify it.
The internal environment of a business is critical for its effective Government influences on Government influences on
21 performance. Identify one factor that is NOT relevant in the Core values Vision Objectives and goals
business business
structuring of the internal environment of an organization.
External factors which have a bearing on the functioning of a
22 business enterprise influences the operations of the business in Political Environment Legal Environment Social Environment Business Environment Business Environment
various ways. What is it known as?
Liquidity of capital is one critical factors to be kept in mind while
doing business. Lack of relevant physical assets like land,
23 machineries, other forms of material economic resource, is Weakness Strength Opportunity Benefit Weakness
considered to be which factor during a SWOT analysis of the
business?
The USP of products and services of a company is based on the
24 strengths and what makes one's brand uniquely valuable to the Unit Selling Position Unique Selling Proposition Unit Selling Price Unique Selling Price Unique Selling Proposition
customers. What does USP stand for?

This file is meant for personal use by [email protected] only.

Sharing or publishing the contents in part or full is liable for legal action.
 Disclaimer: The questions given here are indicative of the format of questions in the MCQ section of the end semester exam, and not exhaustive. The final question paper for your exam will be set by the University and will have a wide
range of questions. Please use this model paper in conjunction with your other course materials to prepare well for your exams.

Internal analysis in business goes best when clubbed with

external analysis. However, their need is specific to various Competitors' Strategy
25 Strategy Formulation Strategy Implementation Strategy Evaluation Competitors' Strategy Analysis
challenges and task-specific. One Internal Factor Analysis which Analysis
does not help in which of the following?
The analysis of PESTEL is key to analyse the External Environment. Political, Economic, Post Economic Social Political Environment and Political, Psychological, Political, Economic, Sociological,
26 Identify among the given options what essentially does this Sociological, Technological, Legal, Technical and Technological, Legal and
Technological and Legal Socio-economic Technical
acronym stand for? Legal and Environmental Environmental Environmental
Environmental factors contribute the general impact of doing
27 business. Identify from the given options one of the factors that is Labour Laws Technological awareness Disposable Income Pressure from NGOs Pressure from NGOs
an Environmental factor influencing business.
A PESTEL analysis or also known as the PESTLE analysis is used to
evaluate business environment. It is a framework or tool used to Micro-economic environment Macro-economic environment Macro-economic environment
28 Demographic factors International Factors
evaluate which of the following environmental factors factors factors factors
surrounding or inside a business?
This is a method that examines how a company perceives itself in
comparison to others in the same niche. This is a tool that allows
29 Industry Analysis Overall Analysis Preliminary Analysis Sales Analysis Industry Analysis
an organization to understand its position among its competitors.
What is it known as?
Domestic Market' is where goods and services are bought and
sold within the borders of a country. What are the
30
[email protected] Overseas Market Home Market or Internal Market International Market Foreign Market Home Market or Internal Market
interchangeable terms used to mean the same as 'domestic
NQXCPJVU8Wmarket'?

This file is meant for personal use by [email protected] only.

Sharing or publishing the contents in part or full is liable for legal action.