MCQ Questions For Class 12 Entrepreneurship

Please refer to MCQ Questions for Class 12 Entrepreneurship with answers provided below for all subjects. The following subject-wise multiple-choice questions with solutions have been designed for all chapters in Entrepreneurship in standard 12. All objective questions have been designed based on the latest syllabus and examination guidelines issued by CBSE, NCERT, and KVS.

MCQ Questions with Answers for Entrepreneurship Class 12

Please click on the subject-wise links below to access free multiple-choice questions for Entrepreneurship in Class 12. These MCQs are expected to come in standard 12th examinations. Students should learn all these MCQ with answers to score better marks in examinations. Our expert faculty has designed these important questions and answers based on NCERT books for Class 12 Entrepreneurship issued for the current academic year.

Subjectwise MCQ with Answers for Class 12 Entrepreneurship

Class 12 Entrepreneurship MCQs

Question. Entrepreneurship is a process of:
(a) Purchasing shares of a company
(b) Setting up one’s own business
(c) Working as an employee
(d) All of the above

Question. Intellectual property is classified into:
(a) Industrial property
(b) Copyrights
(c) Both of the above
(d) None of the above

Question. _________is a characteristic of entrepreneurship development:
(a) Systematic activity
(b) Less risk
(c) Constant returns
(d) All of the above

Question. Exploring opportunities in the environment is a process involving various steps. Arrange the steps in correct order.
(i) Evaluating the ideas received from different sources to find a creative solution
(ii) Identifying a product or service through innovation
(iii) Opportunity spotting by analysing the needs and problems that exist in the environment
(iv) Setting up a project and nurturing it to success
(a) i-ii-iii-iv
(b) iii-i-ii-iv
(c) ii-iii-iv-i
(d) i-iv-iii-ii

Question. Which of the following is a method of selling goods to another country by taking care of transactions? (a) Indirect exporting
(b) Direct exporting
(c) Importing
(d) Management contract

Question. If the entrepreneur pays for the first six months of insurance before the business opens, this is listed under start-up costs as:
(a) deposits
(b) inventory
(c) prepaid expenses
(d) utilities

Question. The conclusion of the business plan will identify the:
(a) feasibility of the business
(b) purpose of the business
(c) form of organization of the business
(d) business suppliers

Question. Which of the following is NOT a requirement of Disclosure Document?
(a) Description of the invention
(b) Claims for invention’s usefulness
(c) Photos of invention
(d) Cover Letter

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. Which of the following factor has allowed small companies to act like they are big ones?
(a) Technology
(b) Customers
(c)Economic development
(d) Competitio

Question. Which of the following possible financing options has become a popular choice for entrepreneurs?
(a) Angel investor
(b) Credit cards
(c) Venture capital
(d) Public offering

Question. Which of the following types of ratios measure how efficiently the organization is using its assets?
(a) Liquidity Ratios
(b) Leverage Ratios
(c) Operating Ratios
(d) Profitability Ratios

Question. A business center that offers working space and specialized support for new ventures is called
(a) Isolator
(b) Injector
(c) Incubator
(d) Integrator

Question. A small-scale entrepreneur is______________
(a) A formal-sector entrepreneur with 11 to 50 employees 
(b) A formal-sector entrepreneur with 11 to 49 employees 
(c) A formal-sector entrepreneur with 16 to 49 employees 
(d) A formal-sector entrepreneur with 16 to 50 employees

Question. Monik Ltd., was the market leader in the Mobile Phone industry in 2000. The company was well known for it’s affordable phones. In 2007, a new company launched new Mobile models with latest technologies and captured the market. Monik Ltd., did not expect this and lost the entire market share and had to close their operations. Which of the following SWOT analysis framework does this case indicate that Monik Ltd., failed to do? 
(a) Strengths
(b) Weakness
(c) Opportunities
(d) Threats

Question. From the following which one is not classification of entrepreneurs according to the types of business?
(a) Wholesale trade
(b) Retail trade
(c) Exporter
(d) Rural entrepreneur

Question. Priyam composed a music piece for a song and the lyrics were written by him. He wishes to legally protect his creation. He can get a
(a) Patent for lyrics and music piece 
(b) Copyright for lyrics and music piece 
(c) Copyright of the lyrics and patent for the music piece
(d) Trademark for the complete song

Question. Which of the following statements does not clearly distinguish between entrepreneurship and management?
(a) Entrepreneurs found the business; managers operate it
(b) Entrepreneurs are the owners of their business; managers are employees
(c) Entrepreneurs earn profits; managers earn salaries
(d) Entrepreneurship is once for all activity; management is a continuous activity

Question. An individual who starts, creates and manages a new business can be called as _________________
(a) A leader
(b) A manager
(c) A Professional
(d) An entrepreneur.

Question.  Which of the following is the career solution for many underemployed managers?
(a) Fortune 500 companies
(b) Entrepreneurship
(c) Downsizing
(d) To remain unemployed

Question. Which one of the following is the first step in the entrepreneurial process
(a) Developing successful business ideas
(b) Deciding to become an entrepreneur
(c) Growing the entrepreneurial firm
(d) Moving from an idea to an entrepreneurial firm

Question. An entrepreneur’s primary motivation for starting a business is
(a)To make money
(b)To be independent
(c)To be famous
(d)To be powerful

Question. …………….. actions by an entrepreneur most likely to contribute to creative destruction.
(a) Development of a new product
(b) Take-over of a competitor
(c) Issuing shares
(d) Development of an organization

Question. From the following which one is not classification of entrepreneurs according to the types of business? (a) Wholesale trade
(b) Retail trade
(c) Exporter
(d) Rural entrepreneur

Our expert faculty have designed these MCQ questions for all chapters in Class 12 Entrepreneurship and has made sure that all the important topics which can come in Entrepreneurship Grade 12 examinations are covered. All MCQ questions for class 12th have been provided with answers so that you check your understanding. You can download all MCQ questions in Pdf for Entrepreneurship grade 12. All students should learn these objective questions so that they are able to score better rank this year.

Students should also read all notes provided by our teachers so that they are able to learn all concepts which will help them to solve all MCQ easily. The above NCERT based MCQs for Class 12 Entrepreneurship have been developed based on the latest books for the current academic year. Our teachers of Class 12 have done a thorough analysis of current examination guidelines and have designed these questions to help students gain more marks.

Advantages of MCQ Questions for Class 12 Entrepreneurship with Answers

a) MCQs will be asked in the upcoming Entrepreneurship examination. By practicing these questions for Entrepreneurship Class 12 you will be able to improve marks in the class tests and exams.

b) Multiple Choice Questions for Entrepreneurship Class 12 have been designed as per the latest examination style to help you understand the exam pattern.

c) You should go through these questions and answers for grade 12th for Entrepreneurship on daily basis to properly understand all topics given in your books.

d) You will be able to download the MCQ questions for Entrepreneurship Class 12 in Pdf so that you can read them later.

Free Printable MCQs in PDF of CBSE Class 12 Entrepreneurship is developed by our expert faculty and provide the best study material as per CBSE NCERT standards.