Entrepreneurial Skills Class 12 MCQ Online Test

Students find these Class 12 AI MCQ Chapter 4 Entrepreneurial Skills Class 12 MCQ Online Test with Answers helpful for self-assessment and preparation.

Class 12 AI Entrepreneurial Skills MCQ

MCQ on Entrepreneurial Skills Class 12

Class 12 Entrepreneurial Skills MCQ – Entrepreneurial Skills MCQ Class 12

Multiple Choice Questions

Question 1.
Which of the following are qualities of successful entrepreneurship?
A-They are confident
B-They take responsibility for their actions
C-They work hard
D-All of the above
Answer:
D-All of the above

Question 2.
Raghav and Ramesh has both plant shop. Ramesh sits at his shop every day. When customers come, he sells to them. Raghav walks around and gets customer to his shop. He also sells seeds and flowers. Who is Entrepreneur out of Raghav and Ramesh.
A-Raghav
B-Ramesh
C-Both of the above
D-None of the above
Answer:
A-Raghav

Question 3.
_________ means to keep going and not give up when a difficult scenario occurs when operating a business.
A-Motivation
B-Self-awareness
C-Perseverance
D-Determination
Answer:
C-Perseverance

Question 4.
An Entrepreneur’s primary responsibility is to secure the timely availability of all the-
A-Supplies
B-Resources
C-Money
D-Infrastructure
Answer:
B-Resources

Question 5.
To become an entrepreneur, one must have vision, _____ and innovativeness.
A-Ingenuity
B-Creativity
C-Originality
D-Resourcefulness
Answer:
B-Creativity

Question 6.
Most _________ thrive on technological ideas or offer technologically driven solutions.
A-Business
B-Mentors
C-Entrepreneurs
D-Startups
Answer:
D-Startups

Question 7.
The ability to act in a situation before others do is ________.
A-Interpersonal skills
B-Initiative
C-Perseverance
D-None of these
Answer:
B-Initiative

Question 8.
Which among the following is a part of entrepreneurship process?
A-Development of Business plans
B-Using innovation, launch and run the business
C-Both a and b
D-None of the above
Answer:
C-Both a and b

Question 9.
For an entrepreneur, aversion to risk is:
A) failure
B) An opportunity
C) A psychological barrier
D) An initiative
Answer:
B) An opportunity

Question 10.
For an entrepreneur, aversion to risk is:
a) A failure
b) An opportunity
c) A psychological barrier
d) An initiative
Answer:
b) An opportunity

Question 11.
Which of the following factors influence personality?
e) Genes
f) Environmental setting
g) Culture
h) All of the above
Answer:
h) All of the above

Question 12
Who are social entrepreneurs?
Answer:
Individuals, who focus on developing solutions that benefit the society, are called social entrepreneurs. They develop, fund and implement solutions that are directed towards society, culture and environment.

Question 13.
An entrepreneur may face many personal barriers. Give any two personal barriers to entrepreneurship.
Answer:
i-Self-doubt comes when we do not have confidence in ourselves and our abilities
ii. Forming a team /team work -Finding suitable people and training them to put in their best.

Fill in the Blanks

Question 1.
The term Entrepreneur is derived from the French word _______ meaning “to undertake”
Answer:
Entreprendre

Question 2.
_______ is essential for success in all aspects of life.
Answer:
Motivation

Question 3.
A person who starts at the age of 50 without any entrepreneurship history is a _______ entrepreneur.
Answer:
First-generation

Question 4.
A _______ is a business that is in its early stages of development.
Answer:
Startup

Question 5.
A _______ is someone who works for a person or organization.
Answer:
Wage employee

Question 6.
In _______ form of business, the finished product can be directly sold to the customer. Answer:
Manufacturing

State True or False

Question 1.
Time management entails Goal-setting
Answer:
True

Question 2.
An entrepreneur will never be able to overcome a challenge.
Answer:
False

Question 3.
To accomplish long-term goals, an entrepreneur must meticulously plan and execute their work.
Answer:

Question 4.
Startup India, the government of India’s flagship initiative, aims to develop an ecosystem for the expansion of startup businesses.
Answer:
True

Question 5.
To accomplish long-term goals, an entrepreneur must meticulously plan and execute their work.
Answer:
True

Assertion-Reasoning Based Questions

Study the two statements labeled as assertion (A) and reason (R).
Point out if:
(a) Both, A and R, are true and R is the correct explanation of A
(b) Both, A and R, are true but R is not the correct explanation of A
(c) If A is true but R is false
(d) If A is false but R is true

Question 1.
Assertion(A): Start-up is a temporary organisation designed, in such a way to make a repeatable and scalable business model.
Reason (R): Start-up business can be visualised as the primary stage of any successful business.
Answer:
(a) Both, A and R, are true and R is the correct explanation of A

Question 2.
Assertion (A): Entrepreneurs are always in search of setting and achieving excellence.
Reason (R): Once a milestone is achieved, entrepreneurs always stick to it, they don’t look for achieving another milestone.
Answer:
(b) Both, A and R, are true but R is not the correct explanation of A

Question 3.
Assertion (A): Entrepreneurs are special persons and they have their inborn qualities.
Reason (R): Whatever height entrepreneurs may touch; they achieyed it through their hard work.
Answer:
(d) If A is false but R is true

Question 4.
Assertion(A): Entrepreneurs take risks by their own willingness.
Reason (R) : Taking risk is not advisable to the entrepreneurs as they have limited resources.
Answer:
(c) If A is true but R is false

Question 5.
Assertion (A): As per their Industry type Entrepreneurs are divided into various category.
Reason (R): Although entrepreneurs eventually do business but their business model is different and so their way of working too.
Answer:
(a) Both, A and R, are true and R is the correct explanation of A