Practice Entrepreneurship Skills MCQs of Class 12 CBSE Board. Covers all key points with examples, perfect for quick revision and acing exams.
Q1. Which of the following is true about entrepreneurs?
a. They never take initiative
b. They volunteer to take risks
c. They never make mistakes
d. They lack self confidence
Show Answer
b. They volunteer to take risks
Q2. Which of the following is one of the barriers that an entrepreneur may face?
a. Self confidence
b. Availability of monetary resources on time
c. Unavailability of monetary resources on time
d. Availability of skilled labour/staff
Show Answer
c. Unavailability of monetary resources on time
Q3. __ is an economic process, where an idea is generated or an opportunity is created, refined, developed and implemented, while being exposed to uncertainty, to realize a profit by effective utilisation of resources.
a. Entrepreneurs
b. Entrepreneurship development
c. Entrepreneurship
d. Cluster intervention
Show Answer
c. Entrepreneurship
Q4. Which entrepreneur, out of the following, is essentially a manufacturer, who identifies the needs of customer and creates products or services to serve them?
a. Service entrepreneur
b. Industrial entrepreneur
c. Agriculture entrepreneur
d. Technical entrepreneur
Show Answer
b. Industrial entrepreneur
Q5. __ refers to the process of enhancing entrepreneurial skills and knowledge through structured training and institution building programmes.
a. Entrepreneur’s work culture
b. Entrepreneurship development
c. Entrepreneurship selection
d. Entrepreneur management
Show Answer
b. Entrepreneurship development
Q6. __ is an economic process, where an idea is generated or an opportunity is created, developed and implemented, while being exposed to uncertainty, to realize a profit by effective utilisation of resources.
a. Entrepreneurs
b. Entrepreneurship development
c. Entrepreneurship
d. Cluster intervention
Show Answer
c. Entrepreneurship
Q7. After 20 years of being successful entrepreneur in Lucknow, Rabi decided to move back to his village. He opened a clothing store but people in his village said that the style did not match what they wanted. They wanted more variety and brighter colours. So, he sold off the old clothes to his friend in a city and bought good quality clothes from a local seller. Which attitude can you witness in Ravi?
a. Interpersonal skills
b. Perseverance
c. Competitiveness
d. Barrier
Show Answer
b. Perseverance
Entrepreneurship Skills MCQ Class 12
Q8. For an entrepreneur, aversion to risk is:
a. A failure
b. An opportunity
c. A psychological barrier
d. An initiative
Show Answer
c. A psychological barrier
Q9. Individual, who focus on developing solutions that benefit the society, are called ____
a. Social entrepreneurs
b. Industrial entrepreneurs
c. Agricultural entrepreneurs
d. Technical entrepreneurs
Show Answer
a. Social entrepreneurs
Q10. Entrepreneurship is:
a. An economic process
b. Where opportunities created
c. Making profits
d. All of the above
Show Answer
d. All of the above
Q11. Entrepreneurs are primarily motivated by:
a. Achieving goal
b. Profit as a measure of achievement
c. Fear to failure
d. Peer pressure
Show Answer
b. Profit as a measure of achievement
Q12. The word ‘entrepreneur’ is derived from which language?
a. English
b. French
c. German
d. Hindi
Show Answer
b. French
Q13. Entrepreneurs differ from wage-employed persons because they:
a. Work fixed hours
b. Take risks and organise resources
c. Only follow instructions
d. Never earn profits
Show Answer
b. Take risks and organise resources
Q14. Which of the following is a characteristic of entrepreneurship?
a. Avoiding taking risk
b. Economic activity to create profit
c. Follow routines given by others
d. Working for others
Show Answer
b. Economic activity to create profit
Entrepreneurship Skills MCQ Class 12
Q15. Entrepreneurs are primarily motivated by:
a. Achieving business goals
b. Profit as a measure of achievement
c. Fear to failure
d. Peer pressure
Show Answer
b. Profit as a measure of achievement
Q16. Entrepreneur focuses on manufacturing products is?
a. Technical
b. Industrial
c. Business
d. Agriculture
Show Answer
b. Industrial
Q17. A person starting a business without any family business background is called:
a. Second-generation entrepreneur
b. First-generation entrepreneur
c. Professional entrepreneur
d. Non-technical entrepreneur
Show Answer
b. First-generation entrepreneur
Q18. Who defines an entrepreneur as a person whose actions determine social status?
a. Economist
b. Psychologist
c. Sociologist
d. Management guru
Show Answer
c. Sociologist
Q19. Family business entrepreneurs usually:
a. Start new ventures from scratch
b. Inherit established business and maintain/expand it
c. Developing solutions that benefit the society
d. Create and offer machines
Show Answer
b. Inherit established business and maintain/expand it
Q20. Professional entrepreneurs:
a. Grow a business, sell it and start new one in same cycle.
b. Inherit established business and maintain/expand it.
c. Focus on Societal, cultural, and environmental solutions.
d. Create and offer machines
Show Answer
a. Grow a business, sell it and start new one in same cycle.
Q21. ____ entrepreneurs use their technical expertise to create and offer machines, tools and methods.
a. Professional
b. Technical
c. First Generation
d. IT
Show Answer
b. Technical
Q22. Women entrepreneurs:
a. Only help family business
b. Take their own initiative to start/manage business
c. Engage in entrepreneurial activity related to society
d. Work only in field of agriculture
Show Answer
b. Take their own initiative to start/manage business
Entrepreneurship Skills MCQ Class 12
Q23. ___ entrepreneur is one who focuses on developing solutions that benefit the society.
a. Social
b. Woman
c. Non-technical
d. Second generation
Show Answer
a. Social
Q24. Agriculture entrepreneurship became viable due to:
a. Government subsidies only
b. New and innovative technology
c. High market prices
d. Improved irrigation facilities
Show Answer
b. New and innovative technology
Q25. Motivation in entrepreneurship helps:
a. Strives to attain standard of excellence
b. Avoid taking risks
c. Depend entirely on others
d. Focus on short term goals
Show Answer
a. Strives to attain standard of excellence
Q26. In entrepreneurship, environmental barriers refer to:
a. Lack of adequate resources or raw material
b. Non-availability of skilled labour
c. Lack of requisite machinery
d. Unavailability of monetary resources
e. All of the above
Show Answer
e. All of the above
Q27. Which government scheme provides capital for small entrepreneurs?
a. Government Mudra Yojana
b. Digital India
c. Make in India
d. Atmanirbhar Bharat
Show Answer
a. Government Mudra Yojana
Q28. CGTMSE is related to:
a. Market research for entrepreneurs
b. Credit guarantee scheme for entrepreneurs
c. Insurance scheme for entrepreneurs
d. Tax benefits scheme for entrepreneurs
Show Answer
b. Credit guarantee scheme for entrepreneurs
Q29. Personal barriers may include:
a. Self-doubt
b. Fear of uncertainty
c. Fear of unsuitable team
d. All of the above
Show Answer
d. All of the above
Q30. Teamwork barriers involve:
a. Mutual understanding within team
b. Finding and training suitable people
c. Lack of motivation
d. Competition with others
Show Answer
b. Finding and training suitable people
Q31. Environmental barriers can be overcome by:
a. Ignoring market surveys
b. Seeking mentor guidance
c. Relying on luck
d. Taking decisions without market study
Show Answer
b. Seeking mentor guidance
Q32. Attitudes that make a successful entrepreneur are:
a. Decisiveness
b. Perseverance
c. Interpersonal skills
d. All of the above
Show Answer
d. All of the above
Q33. Decisiveness as entrepreneurial attribute refers to:
a. Build good team coordination
b. Make quick & profitable decisions
c. Focusing only on business profit
d. Delegating responsibilities to others
Show Answer
b. Make quick & profitable decisions
Q34. Initiative refers to:
a. Acting before others & taking charge
b. Build good team coordination
c. Make quick & profitable decisions
d. Focusing only on business profit
Show Answer
a. Acting before others & taking charge
Q35. Interpersonal skills involve:
a. Build good team coordination
b. Make quick & profitable decisions
c. Focusing only on business profit
d. Acting before others & taking charge
Show Answer
a. Build good team coordination
Entrepreneurship Skills MCQ Class 12
Q36. Organisational skills help in:
a. Optimum use of time, energy and resources
b. Risk taking capability
c. Building and Managing good team
d. Acting before others & taking charge
Show Answer
a. Optimum use of time, energy and resources
Q37. Perseverance means:
a. Optimum use of time, energy and resources
b. Risk taking capability
c. Acting before others & taking charge
d. Continuing efforts despite difficulty
Show Answer
d. Continuing efforts despite difficulty
Q38. Salman tries new ideas as a tailor in a garment factory. Salman is a/an ____
a. entrepreneur
b. wage employed person
c. labourer
d. unskilled worker
Show Answer
a. entrepreneur
Q39. Sayed knows what business he wants to do but does not know what steps he has to take to get it running. The barrier stopping him is _____
a. building the right team
b. lack of plan
c. risk taking
Show Answer
b. lack of plan
Q40. Harish has a rug business in India. He wants to start exporting rugs to Canada but does not know if they would sell there. The barrier he is facing is ____.
a. self-doubt
b. lack of plan
c. selecting the right business idea
Show Answer
c. selecting the right business idea
Q41. Salman tries new ideas as a tailor in a garment factory. Salman is a/an ____
a. entrepreneur
b. wage employed person
c. labourer
d. unskilled worker
Show Answer
a. entrepreneur
Q42. Prashant works for Surabhi, who is a businesswoman. Prashant is an ____
a. entrepreneur
b. wage employed person
c. skilled worker
d. businessman
Show Answer
b. wage employed person
Q43. Ridhi owns a construction company and takes risky decisions in her work every day. Ridhi is an _____
a. entrepreneur
b. wage employed person
Show Answer
a. entrepreneur
Q44. Mary believes that she will not have the ability to work with a team when she starts her business. The barrier she is facing is _____
a. getting capital
b. self-doubt
c. risk taking
Show Answer
b. self-doubt
Q45. Sayed knows what business he wants to do but does not know what steps he has to take to get it running. The barrier stopping him is _____
a. building the right team
b. lack of plan
c. risk taking
Show Answer
b. lack of plan
Q46. Harish has a rug business in India. He wants to start exporting rugs to Canada but does not know if they would sell there. The barrier he is facing is ____.
a. self-doubt
b. lack of plan
c. selecting the right business idea
Show Answer
c. selecting the right business idea