One Mark Questions – True or False/Fill in the Blanks/Multiple Choice Questions (MCQs)
1. There is difference between a manager and an entrepreneur. True
2. Innovativeness is essential for an entrepreneur. True
3. Self-help groups are formed by the government. False
4. The word ‘Entrepreneur’ has been derived from the French word ‘Intrapreneur’. False, Entreprendre
5. Entrepreneurship helps in increasing Government revenue. True
6. Self-help groups are generally the group of rich people. False, Poor
7. IIE was established in the year 1993. True, In Guwahati
8. Entrepreneurs are born, not made. False, Entrepreneurs are made, not born
9. The word ‘Entrepreneur’ has been derived from the French word ‘Entreprendre’. True
10. An entrepreneur is his own master. True
11. An entrepreneur is a good decision maker. False
12. Entrepreneur is not a risk-taker. True
13. The term entrepreneur first appeared in the French language. True
14. The term entrepreneurship is derived from the French word “Enterprendre”. True
15. Richard Cantillon first used the term ‘entrepreneur’ in the economic theory. True, In 1755
16. Entrepreneur is an innovator. True
17. There is no difference between entrepreneur and manager. False
18. Head office of IIE at Guwahati. True
19. Entrepreneurs are born not made.
20. The concept of venture capital was originated in USA in 1950s..
21. Mention the name of the person who first used the term ‘entrepreneur’ in economy theory. Jean-Baptiste Say
22. Entrepreneurs are born, not made. (Fill in the blank)
23. What is the greatest problem of women entrepreneur? Ans: Social attitude and lack of support
24. An entrepreneur in his own master (Write True or False)
25. Name V. H. Vroom’s theory of motivation. Expectancy theory
26. The term “Invention” and “Innovation” bear the same meaning. False
27. Name one of the problems faced by an entrepreneur at the promotional stage. Lack of manufacturing capabilities
28. Entrepreneurs are born, not made. False, Entrepreneurs are made, not born
29. The word ‘entrepreneur’ has been derived from the French word ‘entreprendre’. True
30. SHGs are helpful in solving unemployment problems of the State. True
31. Women entrepreneurs have same amenities like male entrepreneurs. False
32. Jean-Baptiste Say introduced the term ‘entrepreneurship’.
33. The chief goal of entrepreneurship is pilot study to establish an enterprise. (Choose the correct answer)
34. Creation, innovation and entrepreneurship are three foundations of entrepreneurship development (Fill in the blank)
35. There is no difference between ‘entrepreneurship’ and intrapreneurship’. (Write True or False )
36. Name Joseph A. Schumpeter’s theory of entrepreneurship. Theory of Innovation
37. There is no difference between a manager and an entrepreneur. False
38. Entrepreneurs are born, not made. False, Entrepreneurs are made, not born
39. The word “Entrepreneur” has been derived from the French word ‘entreprendre’. True
40. Innovation theory of entrepreneur was advocated by J.A. Schumpeter. True
41. Jean-Baptiste Say introduced the term entrepreneurship.
42. Fabian entrepreneurs are shy and lazy.
43. Drone entrepreneurs are those who generally struggle to survive.
44. Fabian entrepreneurs are active. False, Passive
45. The concept of venture capital was originated in USA.
46. Risk taking is one of the important functions of entrepreneurs /Intrapreneurs.
47. Woman entrepreneurs have/ have not same amenities like male entrepreneurs.
48. SHGs are helpful in solving unemployment problems of the State.
49. The concept of DICC was introduced in the 1977/ 1978 Industrial Policy of the Union Government.
50. Woman Entrepreneurship first development in USA and UK in 1960s. True
51. Mahila Udyam Nidhi is implemented by SIDBI.
52. All entrepreneurs in NE region generally venture in Traditional activities.
53. Mention an adverse impact of globalization on the Indian economy.
Ans: Rise in demand for labour and the rise in wage rates leading to some increase in costs.
54. Mention one of the objectives of Business Planning.
Ans: To achieve desired objectives
55. Which one of the distinctive qualities is essential of an entrepreneur?
b) Innovativeness.
c) Risk-bearing ability.
d) Vision. (Choose the correct answer)
