Entrepreneurship – As Innovation & Problem Solving
43– One Mark Questions – Specially Designed for CBSE Class 11 Students
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Q1: The inventor of X- Rays is :
(a) Wilhem Roentgen (c) Sir Alexander Fleming
(b) Percy Spencer (d) George Crum
Ans: (a) Wilhem Roentgen
Q2: Razaq is a native of the beautiful valley of Kashmir. His family owns an apple orchard. During his summer break, he decided to help his family at the orchard. He observed that a lot of time was lost in plucking apples. Being of an innovative mind, he worked on solving the above problem and made a simple plucking device attached with a net land a knife. This saved considerable time and money.
Identify the role played by Razaq.
(a) Innovator (c) Both (a) and (b)
(b) Problem Solver d) None of the above
Ans: (c) Both (a) and (b)
Q3: Dr Verghese Kurien is the founder of______________.
(a) Selco (c) Barefoot College
(b) Amul Diary (d) SEWA
Ans: (b) Amul Diary
Q4: What does GPS stands for?
(a) Global Positioning Systems (c) Global Problem Solver
(b) Giant Positioning Systems (d) Great Problem Solver
Ans: (a) Global Positioning Systems
Q5: Which of the following institute was established by the government with the objective of supplying machinery and equipment to small enterprises as on hire purchase system.
(a) National Small Industries Corporation (c) Entrepreneurship Development Institution of India
(b) Small Industries Service Institution (d) Training and development center
Ans: (a) National Small Industries Corporation
Q6: The inventor of Penicillin is :
(a) Wilhem Roentgen (c) Sir Alexander Fleming
(b) Percy Spencer (d) George Crum
Ans: (c) Sir Alexander Fleming
Q7: Arun is a native of the beautiful valley of Kashmir. His family owns an apple orchard. During his summer break, he decided to help his family at the orchard. He observed that a lot of time was lost in plucking apples. Being of an innovative mind, he worked on solving the above problem and made a simple plucking device attached with a net land a knife. This saved considerable time and money.
Identify the role played by Arun
(a) Innovator (c) Both (a) and (b)
(b) Problem Solver (d) None of the above
Ans: (c) Both (a) and (b)
Q8: Bunker Roy is the founder of______________.
(a) Selco (c) Barefoot College
(b) Amul Diary (d) SEWA
Ans: (c) Barefoot College
Q9: What does IDC stands for?
(a)International data collection (c) International data collector
(b) International data corporation (d) None of the above
Ans: (b) International data corporation
Q10: In which of the following a financial institution buys the accounts receivables of a company and pays up to 80% to 90% of the amount immediately and the balance, after deducting his charges, when the customer pays the debt.
(a) Tax holiday Scheme (c) Small industry cluster development program
(b) Factoring Services (d) National equity fund scheme
Ans: (b) Factoring Services
Q11: What is the full form of KFC?
(a) Kingfisher fried chicken (c) Kentucky fried chicken
(b) Kampire fried chicken (d) Kenya Fried chicken
Ans: (c) Kentucky fried chicken
Q12: The inventor of Potato chips is :
(a) Wilhem Roentgen (c) Sir Alexander Fleming
(b) Percy Spencer (d) George Crum
Ans: (d) George Crum
Q13: : The inventor of the Pacemaker is :
(a) Wilhem Roentgen (c) Sir Alexander Fleming
(b) Percy Spencer (d) John hopps
Ans: (d) John hopps
Q14: The inventor of Microwave ovens is :
(a) Wilhem Roentgen (c) Sir Alexander Fleming
(b) Percy Spencer (d) John hopps
Ans: (b) Percy Spencer
Q15:” Social entrepreneurs is which combines the passions of a social mission with an image of business-like discipline, innovation, and determination”.
Who has quoted the above definition of Entrepreneurship?
(a) Martin & Osberg (c) Mohammad Yunus
(b) J. Gregory Dees (d) Richard Cantillon
Ans: (b) J. Gregory Dees
Q16: “ the Social entrepreneur aims for the value in the form of large scale transformational benefits that accrues either to a significant segment of society or to society at large.”
Who has quoted the above definition of Entrepreneurship?
(a) Martin & Osberg (c) Mohammad Yunus
(b) J. Gregory Dees (d) Richard Cantillon
Ans: (a) Martin & Osberg
Q17: Ajay and Vijay are arguing on the fact that there is no difference between the objective of entrepreneur and social entrepreneur. Ajay is of the view that The final objective of Social entrepreneurs is wealth creation but Vijay is of the view that for social entrepreneurs wealth creation is a means to an end.
Who is correct?
(a) Ajay (C) Both Ajay and Vijay
(b) Vijay (d) None of the two
Ans: (b) Vijay
Q18: While appreciating the efforts of Arun,an upcoming entrepreneur, his Childhood friend Varun told him that I always knew that you have qualities of being a social entrepreneur because you always had your out of the box and ready to apply ideas to new solutions. Which of the following characteristics of social entrepreneurs is discussed in the above case?
(a) Opportunity seeking (c) Accountable
(b) Resourceful (d) Innovative
Ans: (d) Innovative
Q19: A Social entrepreneur has a quality of continuously asking himself that “Am I creating value for the people I am serving? Do I understand their needs?”
Which of the following characteristic of Social entrepreneur is highlighted above?
(a) Opportunity seeking (c) Accountable
(b) Resourceful (d) Innovative
Ans: (c) Accountable
Q20: Verghese Kurian is the founder of______________.
(a) Selco (c) Barefoot College
(b) Amul Diary (d) SEWA
Ans: (b) Amul Diary
Q21: Ela Bhatt is the founder of______________.
(a) Selco (c) Barefoot College
(b) Amul Diary (d) SEWA
Ans: (d) SEWA
Q22: Harish Hande is the founder of______________.
(a) Selco (c) Barefoot College
(b) Amul Diary (d) SEWA
Ans: (a) Selco
Q23: Nand Kishore Chaudhary is the founder of______________.
(a) Selco (c) Barefoot College
(b) Amul Diary (d) Jaipur Rugs
Ans: (d) Jaipur Rugs
Q24: Who among the following had created an organization In January 1995 in Bangalore India with a mission to work towards poverty eradication, promote environmental health, and strengthen democratic institutions and values in developing countries.
(a) Vinoba Bhave (c) Bunker roy
(b) Ela Bhatt (d) Dr, Abraham M George
Ans: (d) Dr, Abraham M George
Q25: Who among the following a Social entrepreneur was the founder and leader of Bhudan Andolan.
(a) Vinoba Bhave (c) Bunker roy
(b) Ela Bhatt (d) Dr, Abraham M George
Ans: (a) Vinoba Bhave
Q26: Which of the following is Non-Insurable risk?
(a) Fire (c) Theft
(b) Fluctuation in prices and demand (d) All of the above
Ans: (b) Fluctuation in prices and demand
Q27: Which of the following risks may result from strikes and lockouts by trade unions: negligence and dishonesty of an employee: accidents or deaths in the industry?
(a) Technological factors (c) Human factors
(b) Physical factors (d) External factors
Ans: (c) Human factors
Q28: Vanshaj, has to bear the losses in his business as he could not achieve the target of completing his order of supplying 500 goods to his customer because his raw material supplier did not supply the Raw material on time. Which of the following factor is responsible for the loss borne by Vanshaj?
(a) Technological factors (c) Human factors
(b) Physical factors (d) External factors
Ans: (c) Human factors
Q29: Priyansh, a businessman is bearing a huge amount of losses in his business because of bad debts. Which of the following factor is responsible for the loss borne by Priyansh?
(a) Technological factors (c) Human factors
(b) Physical factors (d) External factors
Ans: (c) Human factors
Q30: The packaging life has increased the shelf life of various products like chips, milk, etc. Due to which companies are able to keep to the unsold stock of these goods for a longer period of time instead of clearing off the unsold stock at lesser prices.
Which of the following factors is responsible for the above benefits to the business.
(a) Technological factors (c) Human factors
(b) Physical factors (d) External factors
Ans: (a) Technological factors
Q31: Kartik, has to bear the losses in his business as he could not achieve the target of completing his order of supplying 500 goods to his customer because the supplied goods were damaged in the transit. Which of the following factor is responsible for the loss borne by Kartik?
(a) Technological factors (c) Human factors
(b) Physical factors (d) External factors
Ans: (b) Physical factors
Q32: Kamal, has to bear the losses in his business as he could not achieve the target of completing his order of supplying 500 goods to his customer because the production got interrupted due to the failure of machinery. Which of the following factor is responsible for the loss borne by Kamal?
(a) Technological factors (c) Human factors
(b) Physical factors (d) External factors
Ans: (b) Physical factors
Q33: The Gujarat earthquake caused irreparable damage not only to the business enterprise but also adversely affected the whole economy of the state. Which of the following factor is responsible for the loss borne by Gujrat?
(a) Economic factors (c) Human factors
(b) Physical factors (d) Natural factors
Ans: (d) Natural factors
Q34: In the year 1977, the change in political power in the country changed the policy for MNCs in the country. Due to this many International Companies had to leave the Indian market in the year1977. Which of the following factor is responsible for the exit of MNCs?
(a) Economic factors (c) Human factors
(b) Political factors (d) Natural factors
Ans: (b) Political factors
Q35: Mr. Mallaya is not able to implement his good idea of starting a business of Khadi PPE kits because of the unavailability of cash.
Which of the following is the barrier faced by Mr Mallaya?
(a) Cultural (c) Social
(b) Political (d) Economic
Ans: (d) Economic
Q36: In India, attitudes have changed with respect to food and clothing as a result of Industrialization employment of women in factories and offices and the increased level of education. This has resulted in the growth of food processing and garments manufacturing units thus the emergence and growth of a new class of Entrepreneurs. Which of the following factors is highlighted in the above case?
(a) Cultural (c) Social
(b) Political (d) Economic
Ans: (c) Social
Q37: When Mc Donalds entered India, To establish itself it ensured that it should understand the Indian Values, beliefs, and norms which helped Mc Donald to get a quicker acceptance in Indian Market. Which of the following factors is mainly taken care of by Mc Donald for its establishment in the Indian Market?
(a) Cultural (c) Social
(b) Political (d) Economic
Ans: (a) Cultural
Q38: Many Chinese apps were banned in India after The Galwan Ghati war between Indian and China. Which of the following barrier is faced by Chinese companies?
(a) Cultural (c) Social
(b) Political (d) Economic
Ans: (b) Political
Q39: Kiran, is earning her living by running a roadside mechanic shop. She is highly criticized in her neighborhood because of her type of work as people believe that mechanic jobs are for Men only. Which of the following barrier is faced by Kiran?
(a) Cultural (c) Social
(b) Perceptual (d) Economic
Ans: (b) Perceptual
Q40: Anuj started a mask-making business, but his business could not grow as per his expectations, So he decided to quit his business because of the failure of his venture.
Which of the following barrier is faced by Anuj?
(a) Cultural (c) Social
(b) Perceptual (d) Motivational
Ans: (d) Motivational
Q41: ______ are high net worth individuals who provide equity funding and export advice to businesses. Fill in the blank with a suitable concept:
(a) Venture capital (c) New Zealand Trade and enterprise
(b) Angel investors (d) Banks
Ans: (b) Angel investors
Q42: _____________is a professionally managed pool of capital providing funding to new business. Fill in the blank with a suitable concept
(a) Venture capital (c) New Zealand Trade and enterprise
(b) Angel investors (d) Banks
Ans: (a) Venture capital
Q43: ___________ and its network of business partners can provide small business the support and training they need to build management capabilities and grow their business.
Fill in the blank with a suitable concept:
(a) Venture capital (c) New Zealand Trade and enterprise
(b) Angel investors (d) Banks
Ans: (c) New Zealand Trade and enterprise