1. Choose the correct answer from the following list.

a. Entrepreneurship is a practice area

b. Entrepreneurship is a way of life
c. Entrepreneurship is an applied subject
d. All of these
2. Which of the following is a situation of an entrepreneur who belongs to
the category of entrepreneurship by chance?
a. For whom an opportunity was offered
b. Who is a passionate thinker
c. Who is looking for an opportunity to make money
d. Who has inherited his fathers business
3. Chose the one that is NOT an external environment influencer for an
entrepreneur.
a. Need to establish oneself
b. Ease of access to capital
c. Favourable government policy
d. Birth in a business family
4. Which of the following is NOT a myth on Entrepreneurship?
a. Entrepreneurship is all about passion
b. Entrepreneurship is a sure way to riches
c. Entrepreneurship succeeds only with financial backing
d. Entrepreneurship involves risk taking
5. Entrepreneurship as an academic domain.
a. Is a part of management science
b. Is multi-disciplinary
c. Is specific to the business under consideration
d. Is a practicing art
6. Choose the correct answer from the following list.
a. An entrepreneur once decided should start at all cost going against
his family.
b. Education of an entrepreneur is not a driving factor for
entrepreneurial mobility.
c. It is better to take money from bank as they do expect much from
the venture.
d. Government policies can deter an entrepreneur from starting if they
are long-wind and unwieldy.
e. It is better to become an entrepreneur when you are not married, as
commitment levels are lower.
7. Choose the one that is NOT a part of the entrepreneurial ecosystem.

a.
b.
c.
d.
e.

Society
Friends
Industry association
Strength of the idea
Government policies

8. Which are the positive influencers to an entrepreneurial ecosystem?

a. Positive attitude towards failure
b. Easy to comply regulatory framework
c. Improved access to high risk capital
d. Industry focused R & D centres
e. All of the above
9. Choose the most appropriate answer. When it comes to family, the
influence on the entrepreneurial journey
a. Depends on the success of the business idea.
b. Depends on conviction of entrepreneur.
c. Depends on their perspective towards entrepreneurship.
d. Both a and c
e. Both b and c
10. Choose the correct answer from the following. In an entrepreneurial
ecosystem,
a. Supportive family and friends have a positive influence.
b. The age of the entrepreneur impacts the success of the
organization.
c. Communities can exert positive as well as negative influence.
d. Both a and c
e. Both b and c

11.

There are ______ numbers of steps in the entrepreneurship process.

a. 8
b. 4
c. 5
d. 7

12. Implementing an entrepreneurship process enables adding more time

into the system by
a. Optimizing resource usage
b. Optimizing time spent
c. Optimizing effort invested
d. All of the above
13.

Each stage of the evolution of an organization comprises of

a. start sustain - scale

b. start scale - sustain

c. scale sustain - start
d. None of the above
14.

The first step of the entrepreneurship process is

a. Ideation
b. Assessing the opportunity
c. Creating a legal entity
d. Making the sale

15. The
part of the entrepreneurship that deals with structured
activities
a. Art
b. Sociology
c. Science
d. Psychology

16. Entrepreneur is a person who has a dream and will work against all
obstacles to achieve it. Who said this:
a. David Ricardo
b. Martin Luther King
c. Richard Cantillon
d. Jean Baptiste
17. Which of the following is an essential skill that an entrepreneur should
possess:
a. Great Learner
b. Widening the breadth of knowledge
c. Economics and Psychology
d. All of these
18. One of the following below is not a reason why entrepreneur requires a
Mentor
a. Lack of experience
b. Handling Situations
c. A Checkpoint
d. For funds
19.

Pick the odd one out. An entrepreneur:

a. Adopts innovative approach
b. Is exposed to high risks
c. Have rewards guaranteed
d. Has big vision

20.

Which of the following is not the characteristic of an entrepreneur?

a) Ability to take risks

b) Self-driven
c) Great Survival Instincts and Adaptability
d) Sounds financial credentials