MCQ Questions for Class 12 Entrepreneurship with Answers

Students can refer to the following MCQ Questions for Class 12 Entrepreneurship with Answers provided below based on the latest curriculum and examination pattern issued by CBSE and NCERT. Our teachers have provided here collection of multiple choice questions for Entrepreneurship Class 12 covering all topics in your textbook so that students can assess themselves on all important topics and thoroughly prepare for their exams

Class 12 Entrepreneurship MCQs Questions with Answers

We have provided below chapter wise MCQs questions for Class 12 Entrepreneurship with answers which will help the students to go through the entire syllabus and and practice multiple choice questions provided here with solutions. As Entrepreneurship MCQs in Class 12 pdf download can be really scoring for students, you should go thorough all problems provided below so that you are able to get more marks in your exams.

MCQ Questions for Class 12 Entrepreneurship

Class 12 Entrepreneurship MCQs

Question: The activity which occurs when the new venture is started is called:
(a) Motivation
(b) Business skills
(c) Departure point
(d) Goal orientation 

Question: What is the process by which individuals pursue opportunities without regard to resources they currently control?
(a) Startup management
(b) Entrepreneurship
(c) Financial analysis
(d) Feasibility planning 

Question: A corporate manager who starts a new initiative for their company which entails setting up a new distinct business unit and board of directors can be regarded as?
(a) Ecopreneur
(b) Technopreneur
(c) Intrapreneur
(d) Social Entrepreneur 

Question:  Which one of the following gives suggestions for new product and also help to market new products?
(a) Existing products and services
(b) Federal government
(c) Distribution Channels
(d) Consumers 

Question:  Having more than 50% ownership position that provides the entrepreneur with managerial control is called:
(a) Joint venture
(b) Majority interest
(c) Horizontal merger
(c) Diversified activity merger 

Question: Which one of the following is the process of entrepreneurs developing new products that over time make current products obsolete?
(a) New business model
(b) Anatomization
(c) None of the given options
(d) Creative destruction 

Question: Which of the following factors is the most important in forcing U.S companies to focus on new product development and increased productivity?
(a) Entrepreneurship
(b) Hyper competition
(c) Governmental laws
(d) Organizational culture 

Question: Venture capital is concerned with:
(a) New project having potential for higher profit
(b) New project of high technology
(c) New project having high risk
(d) All the above. 

Question: GATT is established in 1947, under:
(a) German leadership
(b) U.S. leadership
(c) French leadership
(d) U.K. leadership 

Question: Which of the following is used by entrepreneurs to acquire experience in an international market before making a major commitment?
(a) Merger
(b) Minority Interest
(c) Joint venture
(d) Majority interest 

Question: Individuals influencing an entrepreneur’s career choice and style are known as which of the following?
(a) Moral-support network
(b) Role model
(c) Professional support network
(d) Support system 

Question: Having less than 50 percent of equity share in an international venture is called:
(a) Joint Venture
(b) Majority interest
(c) Minority interest
(d) Exporting 

Question: The level at which an individual is viewed by society is called:
(a) Financial status
(b) Qualification
(c) Social status
(d) Achievement 

Question: Which one of the following is the most important characteristic of a successful business website?
(a) Innovation
(b) Speed
(c) Graphics
(d) Products 

Question: A Micro Enterprise is an enterprise where investment in plant and machinery does not exceed (According to MSMED Act, 2006):
(a) Rs. 15 Lakh
(b) Rs. 20 Lakh
(c) Rs. 25 Lakh
(d) Rs. 30 Lakh

Question:  A women entrepreneur is supposed to have a minimum financial interest in share capital of entrepreneur’s enterprise:
(a) 35 per cent
(b) 51 per cent
(c) 25 per cent
(d) None of the above 

Question:  Which one of the following is the next stage to the Concept Stage of Product Planning and Development Process?
(a) Idea Stage
(b) Product Planning Stage
(c) Product Development Stage
(d) Test Marketing Stage 

Question: SBA stands for:
(a) Small business accountants
(b) Small business administration
(c) Small business adequacy
(d) Small business advisors 

Question: Members of distribution channels are excellent sources for new ideas because:
(a) They earn a handsome profit from new business
(b) They are familiar with the needs of the market
(c) They do not bother if entrepreneur bears a loss
(d) They have well-developed sales force 

Question: Information regarding all of the following is related to operations, EXCEPT:
(a) Location
(b) Promotion
(c) Raw materials
(d) Labor skills 

Question: A performance and credit rating scheme has been launched by the MSME Ministry to assess creditworthiness and capabilities of industries in the sector. What is it called?
(a) Performance and Credit Rating Scheme
(b) Zero Defect Zero Effect Certification
(c) Performance and Economy Rating Scheme
(d) None of the above 

Question: Family business always interested to handover the change of his business to:
(a) Indian Administration Officers
(b) Professional Managers
(c) Next generation
(d) None of the above 

Question: The entrepreneur was distinguished from capital provider in:
(a) Middle ages
(b) 17th century
(c) 18th century
(d) 19th and 20th century

Question: Why should an entrepreneur do a feasibility study for starting a new venture
(a) To identify possible sources of funds
(b) To see if there are possible barriers to success
(c) To estimate the expected sales
(d) To explore potential customers

Question: Which one of the following is an important source of idea generation due to their familiarity with the needs of market?
(a) Existing products and services
(b) Distribution channels
(c) Federal government
(d) Consumers 

Question: A person who managed large project was termed as the entrepreneur in the _________.
(a) Earliest period
(b) Middle ages
(c) 17th century
(d) 19th and 20th century 

Question: EDP (Entrepreneurship Development Programmes) is required to help:
(a) Existing entrepreneurs
(b) First generation entrepreneurs
(c) Future generations entrepreneurs
(d) None of the above 

Question: Which of the following is alternatively called corporate venturing?
(a) Entrepreneurship
(b) Intrapreneurship
(c) Act of stating a new venture
(d) Offering new products by an existing company 

Question: Which of the following shows the process of creating something new?
(a) Business model
(b) Modeling
(c) Creative flexibility
(d) Innovation   

Question: A corporate manager who starts a new initiative for their company which entails setting up a new distinct business unit and board of directors can be regarded as?
(a) Ecopreneur
(b) Technopreneur
(c) Intrapreneur
(d) Social Entrepreneur 

Our teachers have developed really good Multiple Choice Questions covering all important topics in each chapter which are expected to come in upcoming tests and exams, as MCQs are coming in all exams now therefore practice them carefully to get full understanding of topics and get good marks. Download the latest questions with multiple choice answers for Class 12 Entrepreneurship in pdf or read online for free.

The above NCERT based MCQs for Class 12 Entrepreneurship have been designed by our teachers in such a way that it will help you a lot to gain an understanding of each topic. These CBSE NCERT Class 12 Entrepreneurship Multiple Choice Questions have been developed and are available free for benefit of Class 12 students.

Advantages of MCQ Questions for Class 12 Entrepreneurship with Answers

a) MCQs will help the kids to strengthen concepts and improve marks in tests and exams.

b) Multiple Choice Questions for Entrepreneurship Class 12 have proven to further enhance the understanding and question solving skills.

c) Regular reading topic wise questions with choices will for sure develop very good hold over each chapter which will help in exam preparations.

d) It will be easy to revise all Entrepreneurship chapters and faster revisions prior to class tests and exams.

Free Printable MCQs in PDF of CBSE Class 12 Entrepreneurship are designed by our school teachers and provide best study material as per CBSE NCERT standards.