Top 350+ Solved Entrepreneurship MCQ Questions Answer
Q. “Entrepreneurs reacted to economic change, thereby becoming the economic agents who transformed demand into supply.” This statement is given by:
a. Adam Smith
b. Cantillon
c. Evans
d. Peter F Drucker
Q. John Stuart Mill observed the necessity of entrepreneurship in business for economicdevelopment in
a. 1945
b. 1946
c. 1947
d. 1948
Q. Which of the following is not a Managerial function of entrepreneur?
a. Accounting
b. Organizing
c. Staffing
d. Planning
Q. Innovation is considered as hallmark for an entrepreneur is the view held by;
a. Richard Cantillon
b. Peter Drucker
c. Joseph A Schumpter
d. David C.McClelland
Q. The most suitable type of entrepreneur for a developing economy like India is:
a. Innovaive
b. Imitative
c. Fabian
d. Drone
Q. Which of the following is not a personal characteristic often found in an entrepreneur?
a. self-confident
b. Independent
c. perceptive
d. follower
Q. An individual who starts, creates and manages a new business can be called:
a. Leader
b. Manager
c. Entrepreneur
d. Professional
Q. Role of entrepreneus includes:
a. Employment generation
b. Wealth creation & Poverty reduction
c. Rural Development
d. All of the above
Q. Balanced regional development includes:
a. Economin and non-economic considerations
b. Economin consideration only
c. Non-economin consideration only
d. All of the above
Q. An entrepreneurs plays an important role in:
a. Economic development
b. Political development
c. Religious development
d. None of the above
Q. “Entrepreneurship is an innovative function. It is leadership rather than ownership,” wasgiven by:
a. H N Pathak
b. Joseph A. Schumpeter
c. Peter F Drucker
d. d) H W Johnson
Q. Many entrepreneurs fail due to
a. Lack of motivation
b. Lack of technical skills
c. Lack of business knowledge
d. All of the above
Q. _________defines an entrepreneur as one, who always searches for change, responds toit and exploits it as an opportunity
a. Richard Canilton
b. Peter F Drucker
c. Joseph Schumpeter
d. Henry Fayol