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12th Standard Commerce Elements of Entrepreneurship English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021

12th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. Entrepreneur is not classified as

    (a)

    Risk Bearer

    (b)

    Innovator

    (c)

    Employee

    (d)

    Organizer

  2. Which of the below is not classified into managerial functions?

    (a)

    Planning

    (b)

    Marketing

    (c)

    Organizing

    (d)

    Controlling

  3. The output of an entrepreneurial process ends up in establishing an

    (a)

    environment

    (b)

    enterprise

    (c)

    organisation

    (d)

    none of these

  4. "Entrepreneurship is essentially a creative activity" - who said these words?

    (a)

    Schumpeter

    (b)

    Richard

    (c)

    Knight

    (d)

    Jean Baptize

  5. "Women who innovate, imitate or adopt a business activity are known as women entrepreneurs".

    (a)

    Jean Baptize

    (b)

    Knight

    (c)

    Richard

    (d)

    Schumpeter

  6. Name the institution which is set up as an apex bank to provide direct or indirect financial assistance under difference scheme.

    (a)

    SIDBI

    (b)

    NSIC

    (c)

    NABARD

    (d)

    CWEI

  7. Entrepreneurs are classified into _________ groups.

    (a)

    two

    (b)

    three

    (c)

    four

    (d)

    five

  8. Entrepreneur should have a ____________ to visualise future business environment.

    (a)

    leadership

    (b)

    ability

    (c)

    foresight

    (d)

    decision making

  9. __________ reduces the efficiency of operating the business successfully.

    (a)

    Problem of finance

    (b)

    Limited mobility

    (c)

    Lack of education

    (d)

    Stiff competition

  10. The term entrepreneur has been derived from the _____________ language.

    (a)

    Latin

    (b)

    French

    (c)

    English

    (d)

    All of these

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