This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 2 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the significance of risk-taking in entrepreneurship? A) Risk-taking in entrepreneurship has no impact on success. B) Risk-taking in entrepreneurship leads to failure and should be discouraged. C) Risk-taking in entrepreneurship is insignificant and should be avoided. D) Risk-taking in entrepreneurship is significant for innovation, growth, and seizing opportunities that can lead to success. Show Answer Correct Answer: D) Risk-taking in entrepreneurship is significant for innovation, growth, and seizing opportunities that can lead to success. 2. Which of the following schemes is related to skill development in small businesses? A) Pradhan Mantri Kaushal Vikas Yojana (PMKVY). B) Ayushman Bharat. C) MUDRA Scheme. D) Digital India. Show Answer Correct Answer: A) Pradhan Mantri Kaushal Vikas Yojana (PMKVY). 3. The Home Development Mutual Fund (HDMF), also known as Pag-IBIG, is a government agency that provides housing loans and benefits for employees. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 4. Dart exercise is based on A) Market. B) Business Model. C) PECs. D) Customer. Show Answer Correct Answer: C) PECs. 5. What is the role of motivation in entrepreneurship? A) It leads to procrastination. B) It is not necessary. C) It drives success. D) It creates fear of failure. Show Answer Correct Answer: C) It drives success. 6. What are the common challenges faced by applicants of these schemes? A) Common challenges include complex application processes, lack of clear information, stringent eligibility criteria, competition, and processing delays. B) No eligibility requirements. C) High acceptance rates. D) Easy application processes. Show Answer Correct Answer: A) Common challenges include complex application processes, lack of clear information, stringent eligibility criteria, competition, and processing delays. 7. What is the primary objective of the Make in India initiative? A) To increase manufacturing and employment opportunities. B) To encourage imports. C) To focus only on service industries. D) To make India a global leader in tourism. Show Answer Correct Answer: A) To increase manufacturing and employment opportunities. 8. What are the key characteristics that early-stage entrepreneurs should develop? A) An entrepreneurial mindset. B) Adaptability and resilience. C) Upholding ethical standards. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. What is a key characteristic of entrepreneurship? A) Risk aversion. B) Innovation. C) Procrastination. D) Conformity. Show Answer Correct Answer: B) Innovation. 10. The process of creating something new that makes life better is called ..... A) Technology. B) Brand recognition. C) Innovation. D) Opportunity cost. Show Answer Correct Answer: C) Innovation. 11. How does the NEEDS scheme differ from PMEGP and UYEGP? A) NEEDS focuses on skill development and financial support, PMEGP targets micro-enterprises for self-employment, and UYEGP is aimed at youth entrepreneurship in Uttar Pradesh. B) UYEGP is a national scheme for all age groups. C) PMEGP provides loans only for agricultural projects. D) NEEDS is exclusively for women entrepreneurs. Show Answer Correct Answer: A) NEEDS focuses on skill development and financial support, PMEGP targets micro-enterprises for self-employment, and UYEGP is aimed at youth entrepreneurship in Uttar Pradesh. 12. Which of the following best describes a business plan? A) A document that is legally required in order to start a business. B) A document that will allow you to expand your business to other states. C) A document that outlines your goals and how you plan to achieve them. D) A document that protects your business from bankruptcy in its first year of operation. Show Answer Correct Answer: C) A document that outlines your goals and how you plan to achieve them. 13. What opportunity arises for women entrepreneurs in influencing and shaping industry trends and practices? A) Ignoring industry dynamics. B) Following industry trends passively. C) Active participation and leadership in industry changes. D) Avoiding industry-related responsibilities. Show Answer Correct Answer: C) Active participation and leadership in industry changes. 14. Who created Facebook? A) Mark Zuckerberg. B) Elon Musk. C) JK Rowling. D) Walt Disney. Show Answer Correct Answer: A) Mark Zuckerberg. 15. Which of the following is NOT a benefit of Make in India? A) Increase in employment. B) Growth in FDI. C) Increase in imports. D) Infrastructure development. Show Answer Correct Answer: C) Increase in imports. 16. Which stage of the entrepreneurial journey focuses on the initial creation and development of a startup idea? A) Idea Generation Stage. B) Research Stage. C) Incubation Stage. D) Scaling Stage. Show Answer Correct Answer: A) Idea Generation Stage. 17. Researchers have determined that successful entrepreneurs A) Want to make their own decisions. B) Do not always know what they want. C) Like to have someone else make decisions. D) Do not need to set goals. Show Answer Correct Answer: A) Want to make their own decisions. 18. Who are social entrepreneurs? A) Individuals solely motivated by profit. B) People committed to making a positive impact on society. C) Environmental activists. D) Government officials. Show Answer Correct Answer: B) People committed to making a positive impact on society. 19. Which of the statements below is true? A) Entrepreneur has limited career opportunities. B) Entrepreneurs are prone to constant high income. C) Entrepreneurs are contributor to the development of the society. D) Entrepreneurs are the reasons for unemployment problem. Show Answer Correct Answer: C) Entrepreneurs are contributor to the development of the society. 20. Which of the below can be relate to opportunity? A) The feeling of freedom. B) Recognition of the pros and cons. C) Identification of potential idea. D) Looking at the availability of a problem. Show Answer Correct Answer: C) Identification of potential idea. 21. Which of the following is NOT a goal of Make in India? A) Boosting local manufacturing. B) Encouraging foreign investment. C) Promoting large-scale imports. D) Generating employment. Show Answer Correct Answer: C) Promoting large-scale imports. 22. How does entrepreneurship contribute to economic development? A) By reducing government spending. B) By fostering innovation, creating jobs, and improving productivity. C) By promoting monopolies and reducing consumer choices. D) By discouraging investment in new technologies. Show Answer Correct Answer: B) By fostering innovation, creating jobs, and improving productivity. 23. What role do entrepreneurs play in fostering a culture of self-reliance? A) By promoting dependency on external aid. B) By discouraging individual initiative. C) By encouraging self-employment and independence. D) By relying solely on government support. Show Answer Correct Answer: C) By encouraging self-employment and independence. 24. Which of the following is an example of a social entrepreneur? A) Software developer. B) Fashion designer. C) Founder of a non-profit organization addressing social issues. D) Stockbroker. Show Answer Correct Answer: C) Founder of a non-profit organization addressing social issues. 25. The term "entrepreneur" is derived from the French word "entreprendre, " which means: A) To manage. B) To create. C) To undertake. D) To develop. Show Answer Correct Answer: C) To undertake. ← 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 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 10Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books