This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship – Quiz 11 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 11 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the primary objective of the PMEGP scheme? A) To provide financial aid to large corporations. B) To promote foreign investment in large industries. C) To promote self-employment and generate employment through the establishment of micro-enterprises. D) To regulate the prices of essential goods. Show Answer Correct Answer: C) To promote self-employment and generate employment through the establishment of micro-enterprises. 2. What type of entrepreneurial venture is a local bakery classified as? A) Franchise. B) Small Business. C) Social Enterprise. D) Scalable Startup. Show Answer Correct Answer: B) Small Business. 3. What is the primary focus of corporate social responsibility (CSR) for businesses? A) Increasing shareholder profits. B) Promoting eco-friendly practices and community support. C) Reducing operational costs. D) Expanding market share. Show Answer Correct Answer: B) Promoting eco-friendly practices and community support. 4. Which sector contributes the most to small business growth in India? A) Agriculture. B) Manufacturing. C) Service Sector. D) Real Estate. Show Answer Correct Answer: C) Service Sector. 5. What % of jobs are created by small businesses? A) 60%. B) 50%. C) 80%. D) 30%. Show Answer Correct Answer: A) 60%. 6. A self-assessment is an evaluation of your A) Hobbies and interests. B) Strengths and weaknesses. C) Interests and sales experience. D) Hobbies and athletic ability. Show Answer Correct Answer: B) Strengths and weaknesses. 7. Make in India was launched in which year? A) 2015. B) 2014. C) 2013. D) 2016. Show Answer Correct Answer: B) 2014. 8. What % of small businesses will fail in the first five years? A) 30%. B) 15%. C) 50%. D) 70%. Show Answer Correct Answer: C) 50%. 9. Entrepreneurs contribute to economic development by promoting: A) Inefficiency in resource allocation. B) Bureaucratic barriers. C) Technological advancement and improved efficiency. D) Restrictive trade policies. Show Answer Correct Answer: C) Technological advancement and improved efficiency. 10. What is the importance of networking for entrepreneurs? A) Networking provides entrepreneurs with valuable connections, resources, and opportunities for growth. B) Networking has no impact on business success for startups. C) Entrepreneurs should avoid networking to focus on their product. D) Networking is only beneficial for large corporations. Show Answer Correct Answer: A) Networking provides entrepreneurs with valuable connections, resources, and opportunities for growth. 11. One of the core characteristics of entrepreneurs is: A) Avoiding failure at all cost. B) Waiting for opportunities. C) Proactiveness. D) Fear of market dynamics. Show Answer Correct Answer: C) Proactiveness. 12. What is the role of banks in the PMEGP scheme? A) Banks collect taxes for the PMEGP scheme. B) Banks only provide savings accounts in the PMEGP scheme. C) Banks are responsible for marketing the PMEGP scheme. D) Banks provide financial assistance, assess loan applications, and ensure compliance in the PMEGP scheme. Show Answer Correct Answer: D) Banks provide financial assistance, assess loan applications, and ensure compliance in the PMEGP scheme. 13. An entrepreneur can also become a salesman A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 14. To make sure a company lives up to its mission statement, it should establish and follow the guidelines of a ..... A) Non-profit organization. B) Legal entity. C) Code of ethics. D) Business plan. Show Answer Correct Answer: C) Code of ethics. 15. How can entrepreneurs effectively collaborate with one another? A) By franchising their mutual businesses. B) By sharing resources and distributing production responsibilities. C) By competing in the same market segments. D) All of the above. Show Answer Correct Answer: B) By sharing resources and distributing production responsibilities. 16. Which institution primarily supports financial needs of small businesses? A) NITI Aayog. B) SIDBI. C) WHO. D) WTO. Show Answer Correct Answer: B) SIDBI. 17. What role do accelerators play in the startup ecosystem? A) Accelerators play a crucial role in the startup ecosystem by offering mentorship, funding, and resources to help startups grow. B) Accelerators provide office space but no financial support to startups. C) Accelerators are mainly concerned with legal compliance for businesses. D) Accelerators primarily focus on marketing strategies for startups. Show Answer Correct Answer: A) Accelerators play a crucial role in the startup ecosystem by offering mentorship, funding, and resources to help startups grow. 18. What is the primary focus of customer acquisition strategies for startups? A) Ensuring long-term customer retention. B) Maximizing short-term sales revenue. C) Ignoring customer feedback for cost-saving. D) Relying on word-of-mouth marketing alone. Show Answer Correct Answer: A) Ensuring long-term customer retention. 19. Asset is A) What we owe. B) What we own. C) All the above. D) None of the above. Show Answer Correct Answer: B) What we own. 20. Entrepreneurs are often known for: A) Avoiding responsibility. B) Thinking conventionally. C) Taking calculated risks. D) Seeking job security. Show Answer Correct Answer: C) Taking calculated risks. 21. Quality related to inquisitive thinking such as exploration, investigation, and learning, evident by observation in humans and other animals. A) CREATIVE. B) COMMITMENT. C) CURIOSITY. D) PASSION. Show Answer Correct Answer: C) CURIOSITY. 22. KODAK CAMERAS IS AN EXAMPLE OF ..... ENTREPRENEUR A) INNOVATING. B) IMITATIVE. C) FABIAN. D) DRONE. Show Answer Correct Answer: C) FABIAN. 23. How has technology impacted entrepreneurship in India? A) Technology has significantly enhanced entrepreneurship in India by enabling access to markets, resources, and support systems. B) Technology has decreased the availability of resources for entrepreneurs in India. C) Technology has made it harder for startups to compete in India. D) Technology has limited access to funding for entrepreneurs in India. Show Answer Correct Answer: A) Technology has significantly enhanced entrepreneurship in India by enabling access to markets, resources, and support systems. 24. How do digital platforms facilitate entrepreneurship in India? A) Digital platforms hinder entrepreneurship by increasing costs and limiting access. B) They provide only financial support without any marketing tools. C) Digital platforms facilitate entrepreneurship in India by providing market access, reducing entry barriers, and offering essential tools for marketing and sales. D) Digital platforms focus solely on large businesses, ignoring startups. Show Answer Correct Answer: C) Digital platforms facilitate entrepreneurship in India by providing market access, reducing entry barriers, and offering essential tools for marketing and sales. 25. What factors should be prioritized when designing a product for the market? A) Irrelevant personal opinions and preferences. B) Customer needs and preferences. C) Excessive technical details and low usability. D) Low-impact trends to reduce risks. Show Answer Correct Answer: B) Customer needs and preferences. ← PreviousNext →Related QuizzesClass 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 1Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 2Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 3Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 4Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 5Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 6Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 7Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 8Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 9Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books