1. Typically, which of the following is a trigger for an individual to pursue entrepreneurship?
- Certain unique core competencies of the person
- The potential to develop a new product or service for the customers
- Neither (a) nor (b)
- Both (a) and (b)
Answer :- d
2. Dedicated infrastructure that supports a start-up in the early stage of the startup life cycle is found in:
- Incubator
- Academic campus
- Angel network
- Banking institution
Answer :- a
3. Which of the following is an example of industrial transformation?
- High-speed rail
- Electric vehicles
- Lead-free fuel
- None of the above
Answer :- b
4. Which of the following industries has seen mortality of start-ups or entrepreneurial firms over the last two decades?
- Telecommunications
- Aviation
- Both (a) and (b)
- Neither (a) nor (b)
Answer :- c
5. As per the MSME classification of Government of India, a product firm with an investment less than or equal to Rs 25 lakhs in plant and machinery is called
- Micro enterprise
- Small enterprise
- Medium enterprise
- Nano enterprise
Answer :- a
6. Most start-ups when established fall under the following industry classification:
- Mega
- MSME
- PLI
- Mainstream
Answer :- b
7. Which of the following represents a transformative convergence of finance and digital technologies, which is yet to see endorsement by the national government as legal tenor?
- Microfinance
- Credit Cards
- Payment gateways
- Cryptocurrency
Answer :- d
8. Choose the comprehensive answer for this question: Digital reinvention of customer service processes is exemplified by:
- Amazon
- Swiggy
- Shadi.com
- All of the above
Answer :- d
9. Entrepreneurship is an essential driver of economic development because:
- Entrepreneurs provide new products and services
- Entrepreneurship stimulates employment
- Entrepreneurs cause companies with outdated products, services and models change for the better
- All of the above
Answer :- d
10. An entrepreneur who enters the market with a product or service offering similar to those existing in the market is called:
- Innovative entrepreneur
- Replicative entrepreneur
- Opportunity entrepreneur
- Necessity entrepreneur
Answer :- b