EDE

MCQ
• Importance of Entrepreneurship includes _______________.

• a. Economic & dynamic activity

• b. Innovation & Profit potential
• c. Risk bearing
• d. All of these
• The process of Entrepreneurship is divided into two parts &
they are _________________ .

• a. Idea Generation and Feasibility study

• b. Innovation generation and Distribution Channel
• c. Creativity and Development
• d. Profit and Economic Development.
• The term Entrepreneur was first defined by Irish-French
economist _____________ .

• a. Richard William
• b. Richard Cantillon
• c. James Bernard
• d. W.B. Gartner
• An individual who starts, creates and manages a new business
can be called as _________________ .

• a. A leader
• b. A manager
• c. A Professional
• d. An entrepreneur.
• Investment Limit of a Micro Enterprise under manufacturing
sector does not exceed _____lakhs.

• A. 10
• B. 20
• C. 25
• D. 50
• Small scale entrepreneurs have an annual turnover in the
range of-

A. Up to Rs. 50crore
B. Rs 5Crore- 75 Crore
C. Rs. 75 Crore-250 Crore
D. None of the above
• Microsoft by Bill Gates is an example of which type of
entrepreneurship?
A.Innovative
B.Agricultural
C.Social
D.Joint
• To categorize entrepreneurship on a large scale, the
annual turnover should be-
A.Below Rs 75 Crore
B.Above Rs 250 Crore
C.Between 75 to 250 Crore
D.None of the above
• Who is considered the father of entrepreneurship?
A.Joseph Schumpeter
B.Paul Reynolds
C.Bill Gate
D.Elon musk
• Entrepreneurship Development Program is to help-
A.Well established business
B.First generation entrepreurs
C.Employs of an organization
D.None of the above
• Most start-up enterprises when they are founded would be:
A.Large-scale enterprises
B.Medium-scale enterprises
C.Not-for-profit enterprises
D.Small-scale enterprises
• A working model of the start-up product, prior to
commercialisation, is usually called:
A.Industrial design
B.Consumer design
C.Prototype
D.None of the above
• Which city of India is known as the Silicon Valley of India?
A.Delhi
B.Hyderabad
C.Pune
D.Bengaluru
• MSME means ?
a) Management of small medium enterprise
b) Micro, small and medium enterprise
c) Mega sector medium entities
d) Medium, small and micro enterprise
• A small enterprise is one in which the investment in plant and
machinery is more than Rs__________ But does not exceed
Rs__________
a) 10 lakhs / 2 crores
b) 25 lakhs /5crores
c) 5 crores/ 10 crores
d) 2 crores/5 crores
• . The entrepreneur was distinguished from capital provider in:
a) Middle ages
b) 17th century
c) 18th century
d) 19th and 20th century
• The term “Entrepreneur” has been derived from the word
“entreprendre” which means:
a) To give
b) To undertake
c) To choose
d) To decide
• SIDO stands for ________________.
a) Small Industries Developing Organization
b) Small Industries Development Organization
c) Short Industries Development Organization
d) Small Industries Deployment Organization
• In service sector, a micro enterprise is an enterprise where the
investment in equipment does not exceed ______ .
a) Rs 10 lakh
b) Rs 15 lakh
c) Rs 20 lakh
d) Rs 25 lakh
• In service sector, a small enterprise is an enterprise where the
investment in equipment is more than Rs.10 lakh but does not
exceed _______ .
a) Rs 2 crore
b) Rs 3 crore
c) Rs 5 crore
d) Rs 10 crore
• The term ‘Entrepreneur’ was derived from French word __________.

• a. Enterpurpose
• b. Enterprend
• c. Enterprocedure
• d. Enterprendre
• ______ is the primary goal of entrepreneurship.
a. Job security
b. Profit maximization
c. Employee satisfaction
d .Social media popularity
• _____ is the purpose of market research in entrepreneurship.
a. To increase taxes
b. To understand customer needs and preferences
c. To avoid competition
d. To create artificial demand
• ______ have fixed investment in plant and machinery not
exceeding Rs. 1 crore.
a. Medium Industries
b. Ancillary Industries
c. Small Industries
d. Micro Industries
• _______ is called as bleeding edge of process life cycle.
a. Extend
b, Research & Development
c. Introduction
d. Maturity
• A medium enterprise is one in which the investment in plant
and machinery is more than Rs __________ But does not
exceed Rs __________
a) 10 lakhs / 2 crores
b) 25 lakhs /5crores
c) 5 crores/ 10 crores
d) 2 crores/5 crores
• ______________means possible to make a satisfactory profit
by doing it or selling it.
a. Technical feasible
b. Pre-feasibility study
c. Commercially viable
d. All of the above
• _________is a training institute for common people, who always
dream to become an Entrepreneur.
a. Mumbai Centre for Entrepreneurship Development
b. Maharashtra Centre for Entrepreneurship Deployment
c. Maharashtra Corporate Centre for Entrepreneurship Development
d. Maharashtra Centre for Entrepreneurship Development
• Profits are at their peak in ________ phase of product life cycle.
A. Extend
B. Introduction
C. Growth
D. Maturity
• Chances of failure of technology are quite high in _______ phase.
a. Extend
b, Research & Development
c. Introduction
d. Maturity
• _________ assists the State Government in the formulation of
various industry related policies and promotional schemes.

a. Prime Minister’s Employment Generation Programme

b. Khadi & Village Industries Commission
c. Directorate of Industries
d. National Institute for Micro, Small and Medium Entreprises
• The MSME Development Act came into force in __________
a) 2005
b) 2006
c) 2010
d) 2001
• The Khadi and Village Industries Commission is a statutory body formed
in ______by the Government of India, under the Act of Parliament.

a. April 1956
b. April 1957
c. April 1958
d. April 1959
• Return on Sales (ROS) formula is ___________.

a. ( Operating Profit / Net profit ) x 100 %

b. ( Operating Profit / Net Sale) x 100 %
c. ( Operating Profit/ Invested Cost ) x 100 %
d. ( Operating Profit / Total cost ) x 100 %
• A __________is a powerful tool for planning and decision
making, and for highlighting critical information like costs,
quantities sold, prices, and so much more
a. Return on Investment
b. Performance evaluation
c. Risk management
d. Break-Even Point Analysis
• Return on Investment (ROI) measures ___________________.

a. the percentage of profit a company earns from its total sales

b. the profit a company earns from its total sales
c. how much profit is generated relative to the initial cost
d. how much profit is generated relative to the total cost
• ___________is the movement, protection, storage and control of
materials and products throughout manufacturing, warehousing,
distribution, consumption and disposal.

a. Market Statistics
b. Data Analysis
c. Sampling Market Survey
d. Material Handling
• ________describes the form of ownership of the firm
whether it is proprietorship, partnership, or corporation.
A) Executive Summary
B) Operations Plan
C) Business Description
D) Organizational Plan
• The industries which make parts and components used by big
industries to assemble their final products are known as __________.
a. Medium Industries
b. Ancillary Industries
c. Heavy Industries
d. All of the above
• The ___________Scheme is the major source of funding for
the Khadi programme.

a. Prime Ministers Employment Generation Program (PMEGP)

b. Prime Minister's Rojgar Yojana (PMRY)
c. Interest Subsidy Eligibility Certificate (ISEC)
d.The Rural Employment Generation Programme (REGP)
• The ________is a written document prepared by the entrepreneur
that describes all the relevant external and internal elements involved
in starting a new venture.
A) Introductory Page
B) Executive Summary
C) Business Plan
D) All of the above
• The ______of the Technology Life Cycle is also called as the
“leading edge”.
a. Research and Development Phase
b. Ascent phase
c. Maturity Phase
d. Decline Phase
• The amount of financing needed and a statement of the confidentiality
of the report should also be provided in _______section.
A) Operations Plan
B) Introductory Page
C) Organizational Plan
D) Business Description
• ________describes the production of goods and services and
the flow of goods and services from producers to customers.
A) Operations Plan
B) Financial Plan
C) Organizational Plan
D) Business Description
• Return on Investment (ROI) formula is ___________.

a. ( Invested Cost / Net profit ) x 100 %

b. ( Net profit / Net Sale) x 100 %
c. ( Net profit / Invested Cost ) x 100 %
d. ( Net Sale / Total cost ) x 100 %
• __________focuses on the percentage of profit a company
earns from its total sales.

a. Profit on Sales
b. Return on Interest
c. Return on Sales
d. Return on Investment
• The full form of SIDBI is _____________________________.

a. Small Industries Developing Bank in India

b. Small Industry Development Banking of India
c. Small Industries Develop Banking in India
d. Small Industries Development Bank of India
• Brake Even Point analysis formula is ________________.

a. (Total fixed costs ) / (unit sales price - variable cost per unit )
b. (variable cost per unit - unit sales price ) / (Total fixed costs )
c. (unit sales price - variable cost per unit ) / (Total fixed costs )
d. (Total fixed costs ) / (variable cost per unit - unit sales price )
• Industries which manufacture parts and components of
automobiles are called as _________.

a. Small Industries
b. Micro Industries
c. Medium Industries
d. Ancillary Industries
• Patents, copyrights, and trademarks, as well as specialized
technologies should also be included in ______ section.
A) Operations Plan
B) Financial Plan
C) Organizational Plan
D) Business Description