“Eship – Question – Sheet”

Question 1. Match books with their authors

Choose the correct answer from the options below.

A. A-(iii), B-(iv), C-(ii), D-(i) B. A-(ii), B-(iii), C-(iv), D-(i)
C. A-(iii), B-(iv), C-(i), D-(ii) D. A-(iv), B-(iii), C-(i), D-(ii)

Question 2. Match List-1 with List-2

A. (A) - (II), (B) - (IV), (C) - (III), (D) - (I) B. (A) - (III), (B) - (II), (C) - (I), (D) - (IV)
C. (A) - (I), (B) - (III), (C) - (II), (D) - (IV) D. (A) - (IV), (B) - (I), (C) - (III), (D) - (II)

Question 3. A ______ is a physical good that has ‘intrinsic value’ - a use outside of its use as money.
A. Commercial moneyB. Fiduciary Money C. Fiat Money D. Commodity Money

Question 4. Which of the following is not a type of crowdfunding?

A. Equity-based Crowdfunding B. Donation-based Crowdfunding
C. Influencer-based Crowdfunding D. Reward-based Crowdfunding

Question 5. An entrepreneur who does not like to adapt to change and prefers to go by traditional and old
school business methods is called ?
A. Fabian Entrepreneur B. Drone EntrepreneurC. Innovative Entrepreneur D. Opportunist

Question 6. Where does Incremental innovation appropriately fit under ?

A. New Market, New Technology. B. Existing Market, New Technology.
C. Existing Market, Existing Technology. D. New Market, Existing Technology.

Question 7. Pradhan Mantri Mudra Yojana primarily benefits:

A. Micro Enterprise sector B. Medium Enterprise C. Fin Tech enterprises D. Macro Enterprise

Question 8. Arrange the following processes of an Entrepreneurial endeavor in their correct sequence.
(A) Risk assessment (B) Prototyping (C) Resource allocation (D) Feedback Integration
(E) Opportunity recognition
Choose the correct answer from the options given below:
A. (E), (B), (C), (D), (A) B. (E), (C), (B), (A), (D) C. (E), (C), (B), (D), (A) D. (E), (B), (C), (A),
(D)

Question 9. Successfully launching a startup requires an entrepreneur to focus on the following factors:
(A) Building a diverse and skilled team (B) Identifying a unique value proposition
(C) Developing an effective marketing strategy (D) Ensuring sustainable funding sources
(E) Picking a cool and catchy company name
Choose the correct answer from the options given below:
A. (A), (B), (D), and (E) B. (B), (C), and (D) C. (A), (B), (C), and (D) D. (C), (D), and (E)

Question 10. User-centered design involves which of the following stages?

(A) Research (B) Ideate (C) Prototype (D) Validate (E) Implement
A. (A), (B), (C), (D), and (E) B. (A), (B), (C), and (D) only
C. (A), (C), and (E) only D. (B), (C), and (D) only

Question 11. The application for registration of a small scale unit should be submitted to the General Manager,
DIC. What is the full form of DIC?
A. District Innovation Centre B. District Industrial Centre
C. Department of Innovative Creation D. None of the above

Question 12. Which day is celebrated as the National Startup Day in India?
A. 7th March B. 16th January C. 16th September D. 8th July

Question 13. Given are two statements:

Statement I: Demand and supply determine the actual prices of goods and the volume that changes hands in a
market.
Statement II : The law of demand concerns consumers' changing desire to purchase goods and services at
given prices.
In light of the above statements, choose the correct answer from the options given below:
A. Both Statements I and II are true. B. Both Statements I and II are false.
C. Statement I is true and Statement II is false. D. Statement I is false and Statement II is true.

Question 14. Which of the following is not a part of PESTEL analysis ?

A. Environment B. Political C. Ethical D. Legal

Question 15. Which of the following factors should you evaluate to determine the feasibility of launching a new
product in the market?
(A) Consumer Buying Trends (B) Competitors' Market Share (C) Emerging Market Opportunities
(D) Availability of Skilled Workforce (E) Distribution Network Preferences
Choose the correct answer from the options given below:
A. (A), (B), and (C) only B. (B), (C), and (D) only C. (A), (C), and (E) only D. (A), (B), and (E)
only

Question 16. Given are two statements:

Statement I: Product and Purchase are two of the 4 Ps of Marketing.
Statement II: The primary goal of a marketing strategy is to achieve and communicate a sustainable competitive
advantage over rival companies.
In light of the above statements, choose the correct answer from the options given below:
A. Both Statements I and II are true. B. Both Statements I and II are false.
C. Statement I is true and Statement II is false. D. Statement I is false and Statement II is true.

Question 17. Given below are two statements; one is labelled Assertion(A) and the other is labelled as Reasoning
(R)
Assertion (A):Entrepreneurship plays a key role in generating employment opportunities in developing
economies.
Reason (R):Entrepreneurs focus primarily on exporting goods and services rather than creating local jobs.
A. Both Assertion (A) and Reason (R) are correct, and Reason (R) is the correct explanation of Assertion (A).
B. Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation of Assertion (A).
C. (A) is correct, but (R) is not correct. D. (A) is not correct, but (R) is correct.

Question 18. Given are two statements:

Statement I: A J-curve depicts a trend that starts with a sharp drop and is followed by a dramatic rise.
Statement II: The book Capitalism, Socialism, and Democracy is written by Joseph Schumpeter.
In light of the above statements, choose the correct answer from the options given below:
A. Both Statements I and II are true. B. Both Statements I and II are false.
C. Statement I is true and Statement II is false. D. Statement I is false and Statement II is true.

Question 19. Which of the following is an advantage of free market economy ?

A. Low Cost B. Less Income-based Inequality
C. Great Job Security D. Large number of Choices

Question 20. The strategy involving making small investments in a large number of startups and hoping that one
of them is a hit is called:
A. FAANG B. Buy and hold C. Spray and pray D. Passive and active

Question 21. Match List I with List II.

Choose the correct answer from the options given below:

A. A-(iii), B(i), C(iv), D(ii) B. A-(iv), B-(ii), C(i), D(iii)
C. A-(ii), B-(iii), C-(iv), D-(i) D. A-(i), B(ii), C-(iv), D-(iii)

Question 22. Match List-I with List-II

Choose the correct answer from the options given below :
A. (A) - (3), (B)- (1), (C) - (4), (D) - (2) B. (A) - (2), (B)- (4), (C) - (1), (D) - (3)
C. (A) - (3), (B)- (4), (C) - (2), (D) - (1) D. (A) - (4), (B)- (1), (C) - (2), (D) - (3)
Question 23. What does Seed funding refer to ?
A. Large amount of funding B. Early rounds of funding
C. Small amount of funding D. Crowd funding

Question 24.Who is regarded as the father of entrepreneurship ?

A. Jayes Willington B. Joseph Schumpeter C. Michelle Wenton D. Heather Warring

Question 25. A private individual who provides financial backing for entrepreneurs and start ups in return for
ownership equity in the company is called ?
A. Venture Capitalist B. Angel Investor C. Fund RaiserD. Equity Analyst

Question 26. What is modular innovation ?

A. The innovation that only changes the relationship between the components.
B. The innovation that only changes the core design concepts of a technology.
C. The innovation that extends an established design.
D. The innovation that establishes a new design.

Question 27. Pradhan Mantri MUDRA Yojana is a scheme launched for startups and MSMEs that aims to
provide access to capital and loans to help ventures sustain and grow their business. What is the full form of
MUDRA?
A. Micro Units Development and Refinance Agency
B. Micro Units Development and Revenue Agency
C. Monetary Union for Development and Resource Analysis.
D. Monetary Union for Development and Revenue Analysis.

Question 28. Which of the following traits are most critical for entrepreneurial success?
(A) Risk-taking ability (B) Creativity (C) Networking skills
(D) Financial acumen (E) Technical expertise
A. (A), (B), (C), (D), and (E) B. (A), (B), and (C) only
C. (A), (B), and (D) only D. (B), (C), and (E) only

Question 29. As an entrepreneur introducing a disruptive product into a traditional industry, which of the
following steps is most critical to ensure market acceptance and growth?
(A) Identifying early adopters who are open to experimentation
(B) Aligning the product with existing industry norms and practices
(C) Educating potential customers about the unique value proposition
(D) Building a strong coalition of industry stakeholders to resist pushback
(E) Gradually transitioning the product into a fully disruptive model
Choose the correct answer from the options given below:
A. A, C, D B. A, C, E C. B, C, E D. A, B, D

Question 30. Agile methodology involves which of the following stages?

(A) Plan (B) Design (C) Deploy (D) Test (E) Develop
A. (A), (B), (C), (D), and (E) B. (A), (C), (D), and (E) only
C. (A), (B), (D), and (E) only D. (B), (C), and (E) only

Question 31. The circumstances in which an Innovation results in more damage to the economy over beneficial
outcomes is called ?
A. Disruptive Innovation B. Destructive Creation C. Marring Innovation D. Torpidity

Question 32. What is the fullform of SISFS, a scheme meant to provide financial assistance for startups
A. Startup India Stack Fund Scheme B. Startup India Service Fund Scheme
C. Service India Startup Fund Scheme D. Startup India Seed Fund Scheme

Question 33. Given are two statements:

Statement I: Exchange rates have no effect on the economy.
Statement II : A key feature of free markets is the absence of coerced (forced) transactions or conditions on
transactions.
In light of the above statements, choose the correct answer from the options given below:
A. Both Statements I and II are true. B. Both Statements I and II are false.
C. Statement I is true and Statement II is false. D. Statement I is false and Statement II is true.

Question 34. Which of the following is a fintech startup founded by Rajan Bajaj, that offers payment cards and
credit cards to millennial and Generation Z customers?
A. Pine Labs B. Slice C. Digit Insurance D. Razorpay

Question 35. Which of the following factors must one judge in order to assess the market potential?
(A) Regulatory environment (B) Seasonal trends (C) Investor interest
(D) Availability of distribution channels (E) Competitor performance
Choose the correct answer from the options given below:
A. (B), (C), and (D) B. (A), (B), and (D) C. (A), (B), and (C) D. (A), (C), and (D)

Question 36. Given are two statements:

Statement I : The capital of a business is the money it has available to pay for its day-to-day operations and to
fund its future growth.
Statement II : Liquidation is the reduction in shareholders' equity positions due to the issuance or creation of new
shares.
In light of the above statements, choose the correct answer from the options given below:
A. Both Statements I and II are true. B. Both Statements I and II are false.
C. Statement I is true and Statement II is false. D. Statement I is false and Statement II is true.
Question 37. Assertion (A):Entrepreneurs are often seen as the driving force behind economic disruption.
Reason (R):Entrepreneurs primarily focus on stabilizing existing markets and adhering to traditional business
practices.
In the light of the above statements, choose the most appropriate answer from the options given below:
A. Both Assertion (A) and Reason (R) are correct, and Reason (R) is the correct explanation of Assertion (A).
B. Both Assertion (A) and Reason (R) are correct, and Reason (R) is not the correct explanation of Assertion (A).
C. (A) is correct, but (R) is not correct. D. (A) is not correct, but (R) is correct.

Question 38. Given are two statements:

Statement I: Securities fraud is an example of a white-collar crime.
Statement II: Venture capital financing is funding provided to companies and entrepreneurs.
In light of the above statements, choose the correct answer from the options given below:
A. Both Statements I and II are true. B. Both Statements I and II are false.
C. Statement I is true and Statement II is false. D. Statement I is false and Statement II is true.

Question 39. Demand for which type of good is increased with an increase in its price:
A. Substitute Goods B. Complementary Goods C. Capital Goods D. Giffen Goods

Question 40. _________ is the minority shareholders’ pro-rata share of the net assets (equity) of a subsidiary
that is not wholly owned by the parent.
A. Majority Interest B. Joint Venture C. Minority Interest D. None of the
above

Question 41. Match books with their authors.

Choose the correct answer from the options below.

A. A-(iii), B-(iv), C-(ii), D-(i) B. A-(iv), B-(iii), C-(ii), D-(i)
C. A-(iii), B-(iv), C-(i), D-(ii) D. A-(iv), B-(iii), C-(i), D-(ii)

Question 42. Match List-I with List-II

A. (A) - (III), (B) - (IV), (C) - (I), (D) - (II) B. (A) - (IV), (B) - (II), (C) - (III), (D) - (I)
C. (A) - (II), (B) - (I), (C) - (IV), (D) - (III) D. (A) - (III), (B) - (IV), (C) - (II), (D) - (I)

Question 43. _________ is the process of formally determining whether it is technologically viable to produce a
good or service.
A. Technical feasibility B. Viability C. Crowdfunding D. Networking

Question 44. Which of the following statement is incorrect?

A. A CEO comes under Board of Directors in the organizational structure whereas the Managing Director comes
under the authority of CEO.
B. A CEO is not accountable to the organization's shareholders whereas Managing Director is accountable to
the company's shareholders.
C. A CEO is responsible for the daily business of the organization where the Managing Director doesn't deal with
day-to-day affairs.
D. None of the above

Question 45. Who is a Fabian Entrepreneur?

A. Entrepreneurs who cannot adapt to changes and prefer old-fashioned business practices.
B. Entrepreneurs who prefer to take very high risks
C. Entrepreneurs who avoid taking risks and prefer stable business.
D. Entrepreneurs who imitate successful products of other entrepreneurs

Question 46. Innovation which refers to leveraging the core business and value proposition of an organization in
a new market space is called:
A. Disruptive Innovation B. Architectural Innovation C. Adjacent Innovation D. Radical Innovation

Question 47. Which of the following organizations is responsible for the implementation and promotion of the
Make in India initiative, aimed at encouraging manufacturing and attracting foreign investment in India?
A. Ministry of Skill Development and Entrepreneurship B. Ministry of Commerce and
Industry
C. Department for Promotion of Industry and Internal Trade (DPIIT) D. Ministry of Finance

Question 48. Arrange the following stages of Business Model Development in sequence:
(A) Value Proposition Design (B) Market Analysis (C) Revenue Model Planning (D) Customer Segmentation
(E) Resource Allocation
Choose the correct answer from the options given below:
A. B → D → A → C → E B. A → C → D → B → E
C. D → B → A → C → E D. B → A → E → C → D

Question 49. As a founder of a startup which steps you should take to overcome the competition from
established businesses or other startups with similar offerings?
(A) Identifying early adopters who are open to experimentation
(B) Offer superior customer service to build loyalty and trust.
(C) Identify unique value proposition to stand out in the market.
(D) Picking a cool and catchy company name.
(E) Focus on niche markets to reduce direct competition.
Choose the correct answer from the options given below:
A. C, D, E B. B, C, E C. A, B, C D. A, B, E

Question 50. Which of the following are the key stages in building a successful startup?
(A) Ideation (B) Validation (C) Pivoting (D) Scaling (E) Funding
Choose the correct answer from the options given below:
A. (A), (B), (C), and (E) only B. (A), (B), (D), and (E) only C. (A), (B), (C), (D), and (E) D. (A), (C), and (E) only

Question 51. Which of the following on a commercial product indicates the existence of an accepted product
standard or regulation and the manufacturer is compliant with the regulation?
A. Emblem B. Trade Mark C. Certification Mark D. FPO Mark

Question 52. What are the three components of the MSME Champions Scheme?
A. 'MSME-Sustainable' (ZED), 'MSME-Competitive' (LEAN), and 'MSME-Innovative' (Incubation, Design, IPR)
B. 'MSME-Traditional' (ZED), 'MSME-Efficient' (LEAN), and 'MSME-Creative' (Incubation, Design, IPR)
C. 'MSME-Stable' (ZED), 'MSME-Productive' (LEAN), and 'MSME-Inventive' (Incubation, Design, IPR)
D. 'MSME-Smart' (ZED), 'MSME-Effective' (LEAN), and 'MSME-Inspirational' (Incubation, Design, IPR)

Question 53. Given below are two statements:

Statement I: Companies engage in corporate social responsibility (CSR) activities primarily to enhance their
public image and improve customer loyalty, without any significant long-term impact on society.
Statement II: Corporate social responsibility (CSR) has gained importance over the years as companies
recognize the value of contributing to societal well-being, improving employee satisfaction, and fostering
sustainable development.
In light of the above statements, choose the most appropriate answer from the options given below:
A. Both Statement I and Statement II are correct B. Both Statement I and Statement II are incorrect
C. Statement I is correct but Statement II is incorrect D. Statement I is incorrect but Statement II is correct

Question 54. Who is one of the authors of the famous book Freakonomics?
A. Jason Fried B. Daymond John C. Stephen J. Dubner D. Micheal E. Gerber

Question 55. Which of the following elements are essential when starting a startup to ensure its early-stage
success?
(A) Developing a Minimum Viable Product (MVP) (B) Achieving Product-Market Fit (PMF)
(C) Securing large-scale funding from investors (D) Having a fully developed, feature-rich product
(E) Building a strong brand identity before launch
A. A, D, E B. A, B C. A, B, C D. A, B, D

Question 56. Given below are two statements :

Statement I :Effective supply chain management can significantly reduce operational costs and improve
efficiency.
Statement II :If a company consistently hits its sales targets, its business model must be sustainable in the long
term
In the light of the above statement, choose the correct answer from the options given below:
A. Both Statement I and Statement II are trueB. Both Statement I and Statement II are false
C. Statement I is true but Statement II is falseD. Statement I is false but Statement II is true
Question 57. Given below are two statements, one is labelled as Assertion (A) and the other is labelled
as Reason (R).
Assertion (A): A lot of new start-ups are trying to present themselves as environmentally sustainable to their
investors.
Reason (R): Governments has been trying to level up the hygiene in their countries to better their standard of
living.
In the light of the above statements, choose the most appropriate answer from the options given below :
A. Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A).
B. Both Assertion (A) and Reason (R) are correct and Reason (R) is not the correct explanation of Assertion (A).
C. (A) is correct but (R) is not correct. D. (A) is not correct but (R) is correct.

Question 58. Given are two statements:

Statement I: Versatility is one of the expected characteristics of an entrepreneur.
Statement II : Product, price, place, and partner are the four factors of the marketing mix
In light of the above statements, choose the correct answer from the options given below:
A. Both Statements I and II are true. B. Both Statements I and II are false.
C. Statement I is true and Statement II is false. D. Statement I is false and Statement II is true.

Question 59. Which of the following is a characteristic of a purely competitive market?

A. There are few firms in the market. B. There are no good substitutes available in the market.
C. The barrier to entries are low. D. The company has significant pricing power.

Question 60. Which of the following is not a consequence faced by service based startups during inflation?
A. Lower sales B. Higher profits C. Higher operating costs D. None

Question 61. Match the following founders with their companies

A. A - III, B - I, C - II, D – IV B. A - I, B - II, C - III, D - IV

C. A - III, B - I, C - IV, D – II D. A - III, B - II, C - IV, D – I

Question 62. Match List-I with List-II

Choose the correct answer from the options given below :

A. (A) - (IV), (B) - (III), (C) - (I), (D) - (II) B. (A) - (II), (B) - (I), (C) - (IV), (D) - (III)
C. (A) - (III), (B) - (IV), (C) - (II), (D) - (I) D. (A) - (IV), (B) - (II), (C) - (III), (D) - (I)
Question 63. What is a Vaporware?
A. A promising product that exists only in a startup founder’s imagination.
B. A promising product that failed to make its mark in the market.
C. A promising product in its initial phase.
D. A product whose production is stopped because of failure of the company producing it.

Question 64. Who is regarded as the father of macroeconomics?

A. Adam Smith B. Tim Harford C. John Maynard Keynes D. Edward Lewin

Question 65. As a part of fostering innovation, large and well-established companies establish startups that
work very closely as a part of the company. What are these startups called?
A. Internal startup B. Entity startup C. Domestic startup D. In-house startup

Question 66. A innovation which focuses on larger changes to gain or maintain a market-leader position is
called _______. This innovation focuses on creating new features or services that differentiate a product from all
of its competitors.
A. Incremental Innovation B. Sustainable Innovation C. Radical Innovation D. Disruptive Innovation

Question 67. In which year was the Pradhan Mantri Mudra Yojana (PMMY) launched to provide collateral-free
loans to micro and small businesses?
A. 2013 B. 2015 C. 2017 D. 2020

Question 68. An entrepreneur is planning to pitch their business idea to investors. Which of the following are the
key components of a compelling investor pitch?
(A) Problem Statement (B) Competitive Landscape (C) Team Background
(D) Marketing Strategy (E) Revenue Projections
Choose the correct answer from the options given below:
A. (A), (B), and (D) only B. (A), (B), (C), and (E) only C. (A), (B), (C), (D), and (E) D. (A), (C), and (E)
only

Question 69. In the context of entrepreneurial success, which of the following "personality traits" are most critical
for navigating the ups and downs of running a business?
(A) Resilience (B) Visionary Thinking (C) Risk Aversion M (D) Emotional Intelligence (E) Delegation
Skills
Choose the correct answer from the options given below:
A. (A), (B), and (D) only B. (A), (B), (D), and (E) only C. (A), (C), and (E) only D. (B), (C),
and (E) only

Question 70. In the entrepreneurial journey, the following stages contribute to developing a sustainable business:
(A) Market Research (B) Prototyping (C) Networking (D) Bootstrapping (E) Customer
Acquisition
Choose the correct answer from the options given below:
A. (A), (B), (C), and (D) only B. (A), (B), (D), and (E) only C. (A), (C), (D), and (E) only D. (A), (B), (C), (D), and
(E)
Question 71. What is central to command economy ?
A. High Revenue Generation B. Economic Equality C. Freedom of choice D. Efficiency

Question 72. Please provide the full form for MSDE, the government ministry dedicated to innovation:
A. Ministry of Skill Development and Entrepreneurship B. Ministry of State Development through
Entrepreneurship
C. Ministry of State Development through Startup Enterprises
D. Ministry of Skill Development through Entrepreneurship

Question 73. Given below are two statements:

Statement I: The price elasticity of demand (PED) for Giffen goods is positive, meaning that as the price
increases, the quantity demanded also increases.
Statement II: If a product has a high price elasticity of demand, a small change in price will lead to a large
change in the quantity demanded.
In light of the above statements, choose the most appropriate answer from the options given below:
A. Both Statement I and Statement II are correct B. Both Statement I and Statement II are incorrect
C. Statement I is correct but Statement II is incorrect D. Statement I is incorrect but Statement II is correct

Question 74. An economy in which the government dictates the permissible levels of production and price range
is called?
A. Welfare Economy B. Command Economy C. Market Economy D. Central Economy

Question 75. Which of the following factors must you judge to estimate the market potential?
(A) Target Audience (B) Barriers to Entry (C) Short-Term Trends (D) Labour Demand (E) Market Growth
Rate
Choose the correct answer from the options given below :
A. (B), (C) and (E) only B. (B), (C) and (D) only C. (A), (B) and (C) only D. (A), (B) and (E)
only

Question 76. Given below are two statements:

Statement 1: Learning to meditate can help entrepreneurs focus on their work and increase productivity.
Statement 2: Working on multiple projects can help increase productivity as the projects can use ideas from
each other.
In the light of the above statement, choose the correct answer from the options given below:
A. Both Statement I and Statement II are correct B. Both Statement I and Statement II are incorrect
C. Statement I is correct but Statement II is incorrect D. Statement I is incorrect but Statement II is correct

Question 77. Given below are two statements, one is labelled as Assertion (A) and the other is labelled
as Reason (R).
Assertion (A) : A strong brand identity is crucial for long-term business success.
Reason (R) : A well-defined brand identity helps in attracting top talent and securing investments.
In the light of the above statements, choose the most appropriate answer from the options given below :
A. Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A).
B. Both Assertion (A) and Reason (R) are correct and Reason (R) is not the correct explanation of Assertion (A).
C. (A) is correct but (R) is not correct.D. (A) is not correct but (R) is correct.
Question 78. Given below are two statements:
Statement 1: An owner of a proprietorship cannot have less than 50% equity in the company.
Statement 2: A vital step in getting the first round of funding is the ability to show high revenue on low investment
In the light of the above statement, choose the correct answer from the options given below:
A. Both Statements I and II are true. B. Both Statements I and II are false.
C. Statement I is true and II is false. D. Statement I is false and II is true.

Question 79. An organizational orientation that emphasizes the ability to learn and respond to what potential
customers want is:
A. Market Pull B. Process Flow C. Phase Gate D. Strategic thinking

Question 80. A ______ is reached when the choices of all firms are such that there is no other choice that
makes any firm better off (increases profits or decreases losses).
A. Cournot's assumption B. Kinked demand curve model C. Nash equilibrium D. Market equilibrium

Question 81. The following are steps involved in launching a new product. Arrange them in the correct sequence:

(A) Conduct market research (B) Define target audience (C) Develop a marketing and sales plan
(D) Create the product prototype (E) Execute the product launch
Choose the correct answer from the options given below:
A. B, A, C, D, E B. A, C, D, B, E C. A, B, D, C, E D. D, A, B, E, C

Question 82. Which of the following are essential for disrupting a traditional industry with a startup?
(A) Identifying an unaddressed customer pain point (B) Offering significantly lower prices without considering
profits
(C) Leveraging advanced technology (D) Building a strong online presence
(E) Ignoring existing competitors' strategies
Choose the correct answer from the options given below:
A. A, C, D only B. A, B, D only C. A, C, D, E only D. A, B, C only

Question 83. Which of the following are unconventional ways to fund a startup?
(A) Hosting a community garage sale (B) Selling pre-orders of the product before production
(C) Renting out unused office space on weekends (D) Applying for innovation grants
(E) Asking customers to donate directly without offering anything in return
Choose the correct answer from the options given below:
A. A, B, D only B. B, C, D only C. A, B, C, D only D. A, B, D, E only

Question 84. Given below are two statements:

Statement I: The process of positioning refers to creating a unique image of a product in the minds of the target
audience.
Statement II: Positioning involves developing a product that is the best available choice, without considering the
customer’s needs or competitors.
In the light of the above statements, choose the correct answer from the options given below:
A. Both Statement I and Statement II are true B. Both Statement I and Statement II are false
C. Statement I is true but Statement II is false D. Statement I is false but Statement II is true
Question 85.Which of the following are effective strategies to identify market opportunities?
(A) Conducting customer interviews (B) Analyzing competitor weaknesses (C) Relying solely on personal
intuition
(D) Observing emerging market trends (E) Using Newspapers
Choose the correct answer from the options given below:
A. A, B, D, and E only B. A, C, and D only C. C, D, and E only D. A, B, and D

Question 86. Which of the following is not a key distinguishing factor between an Entrepreneur and a
businessman?
A. Decision Making B. Competition C. Risk Factor D. Business Idea
Question 87. Given below are two statements:
Statement I: Series A funding is typically used to support a startup’s growth after it has gained product-market
fit.
Statement II: Series C funding is generally aimed at further expanding a startup internationally and scaling its
operations.
In the light of the above statements, choose the most appropriate answer from the options given below:
A. Both Statement I and Statement II are correct B. Both Statement I and Statement II are incorrect
C. Statement I is correct but Statement II is incorrect D. Statement I is incorrect but Statement II is correct

Question 88. Which of the following are key traits of a successful entrepreneur?
(A) Risk-taking ability (B) Strong financial management skills (C) Rigid adherence to initial
business ideas
(D) Adaptability to change (E) Reluctance to seek external advice
Choose the correct answer from the options given below:
A. A, B, C, D, E B. A, B, D only C. B, D, E only D. A, C, D only

Question 89. What is the first step in the entrepreneurial process?

A. Prototyping B. Identifying a need or a problem C. Business Plan D. Identifying financial
resources.

Question 90. Statement I: All businesses are successful if they have a good product.
Statement II: Businesses that understand their competition can identify opportunities to differentiate themselves.
Choose the most appropriate answer from the options given below:
A. Both Statement I and Statement II are correct B. Statement I is correct but Statement II is incorrect
C. Statement I is incorrect but Statement II is correct D. Both Statement I and Statement II are incorrect

Question 91. Innovation which uses existing technology to create new markets is:
A. Disruptive Innovation B. Radical Innovation C. Incremental Innovation D. Architectural
Innovation

Question 92. Which of the following statements regarding Pradhan Mantri Mudra Yojana (PMMY) are correct?
(A) Loans under PMMY require collateral or security.
(B) PMMY aims to empower small entrepreneurs and create job opportunities.
(C) The scheme encourages financial inclusion by providing access to credit.
(D) PMMY offers loans up to ₹10 lakhs to corporate businesses.
(E) PMMY offers loans through three categories: Shishu, Kishore, and Tarun.
Choose the correct answer from the options given below :
A. A, B, C only B.A, C, D only C. B, C, E only D. C, D, E only

Question 93. What does the term pivoting mean for a startup?
A. Expanding into new geographical markets
B. Changing the business model or product based on customer feedback or market conditions
C. Increasing marketing budget for growth D. Acquiring another company to expand offerings

Question 94. Match List I with List II :

Choose the correct answer from the options given below:

A. (A) - (1), (B)- (3), (C) - (4), (D) - (2) B. (A) - (2), (B)- (3), (C) - (1), (D) - (4)
C. (A) - (3), (B)- (1), (C) - (4), (D) - (2) D. (A) - (4), (B)- (2), (C) - (1), (D) - (3)

Question 95. Which of the following are typical sources of funding for startups in their seed stage?
(A) Bank loans (B) Angel Investors (C) Incubators (D) Initial Public Offering (E) Bootstrapping
Choose the correct answer from the options given below:
A. (A), (B), and (C) B. (B), (C) and (E) C. (A), (C), and (D) D. (B), (D), and (E)

Question 96. _______ is the real rate of return earned on an investment, considering the effect of compounding
interest.
A. Investment percentage rate B. Annual percentage yield C. Annual compound rate D. Yearly Simple
Interest

Question 97. A start-up that aims to innovate itself and works on developing a repeatable business model and
continuously expanding itself is a part of ?
A. Large Business Entrepreneurship B. Small Business Entrepreneurship
C. Scalable startup Entrepreneurship D. Opportunist Entrepreneurship

Question 98. Which of the following does not come under Porters five forces model ?
A. Threat of new entrants B. Bargaining power of suppliers
C. Rivalry among existing competitors D. Low feasibility

Question 99. Match List I with List II :

Choose the correct answer from the options given below:
A. (A) - (4), (B)- (1), (C) - (3), (D) - (2) B. (A) - (3) (B)- (4), (C) - (1), (D) - (2)
C. (A) - (2), (B)- (4), (C) - (1), (D) - (3) D. (A) - (3), (B)- (4), (C) - (2), (D) - (1)

Question 100. Which of the following is not a primary Fin tech service ?
A. Digital lending and Credit B. Wealth Protection C. Personal Finance D. Insurance

Question 101. Blue Ocean strategy has following important stages. Arrange the steps in their correct sequence.
(A) Identify "pain points" or market opportunities (B) Execute and align the Organization
(C) Build a compelling value proposition (D) Understanding the Market Landscape
(E) Reconstruct market boundaries
Choose the correct answer from the options given below:
A. E, A, B, C, D B. D, C, A, B, E C. D, A, E, C, B D. E, A, B, D, C

Question 102. Which of the following are effective sources of creative startup ideas?
(A) Observing customer complaints on social media (B) Daydreaming without research
(C) Analyzing market gaps (D) Discussing with diverse groups of people
(E) Mimicking competitors' products
Choose the correct answer from the options given below:
A. A, B, D only B. B, C, D only C. A, D, E only D. A, C, D only

Question 103. Which of the following activities can surprisingly boost an entrepreneur's productivity?
(A) Starting every workday with a 5-minute dance session (B) Scheduling "daydreaming hours" for creative
thinking
(C) Turning off all notifications for an entire week (D) Drinking 8 cups of coffee a day
(E) Assigning one day a month for no work at all
Choose the correct answer from the options given below:
A. A, B, C only B. A, C, D only C. A, B, E only D. B, C, E only

Question 104. Statement I: Market penetration strategy involves introducing new products into new markets.
Statement II: Market development strategy focuses on expanding the existing product into new markets.
In the light of the above statements, choose the correct answer from the options given below:
A. Both Statement I and Statement II are true. B. Statement I is false, but Statement II is true.
C. Statement I is true, but Statement II is false. D. Both Statement I and Statement II are false.

Question 105. Which of the following are essential components of a comprehensive business plan?
(A) Executive summary (B) Market analysis (C) Detailed product roadmap
(D) Personal biography of the entrepreneur (E) Financial projections
Choose the correct answer from the options given below:
A. A, B, D, and E only B. B, C, and D only C. A, C, and E only D. A, B, and E only

Question 106. Where is the headquarters of the World Intellectual Property Organization located?
A. Brussels B. New York C. Geneva D .Oslo

Question 107. Given below are two statements :

Statement I: Liquidity ratios assess a company’s ability to generate profits from sales.
Statement II: Lean manufacturing reduces waste and improves efficiency in production.
In the light of the above statements, choose the correct answer from the options given below :
A. Both Statement I and Statement II are trueB. Both Statement I and Statement II are false
C. Statement I is true but Statement II is falseD. Statement I is false but Statement II is true

Question 108. Which factors are most critical for a startup’s early growth phase?
(A) Market research (B) Strong networking (C) Obsession with perfection in the product
(D) Building a skilled team (E) Focusing solely on marketing without improving the
product
Choose the correct answer from the options given below:
A. A, B, D only B. A, C, D only C. A, B, C, E only D. B, D, E only

Question 109. Who is the author of the book “The Big Short “.
A. Peter Drucker. B. Sheryl Sandberg C. Michael Lewis D. Edward Connor

Question 110. Statement I: Market prices fluctuate depending on supply and demand conditions.
Statement II: In competitive markets, businesses strive to offer better prices to attract customers.
Choose the most appropriate answer from the options given below:
A. Both Statement I and Statement II are correct B. Statement I is incorrect but Statement II is correct
C. Statement I is correct but Statement II is incorrect D. Both Statement I and Statement II are incorrect

Question 111. When is world Innovation Day celebrated every year?

A. May 14 B. June 6 C. Nov 18 D. April 21

Question 112. Which of the following statements are correct about the Production-Linked Incentive (PLI)
Scheme?
(A) The PLI scheme incentivizes large-scale manufacturing in specific sectors.
(B) The PLI scheme offers cash incentives based on incremental production and sales.
(C) The PLI scheme is exclusively for small and medium enterprises (SMEs).
(D) The scheme was introduced to boost India's exports and reduce import dependency.
(E) The scheme promotes only the technology sector in India.
A. A, B, E only B. A, C, E only C. B, D, E only D. A, B, D only

Question 113. In entrepreneurship, what does the term bootstrapped growth refer to?
A. Expanding a business through external funding or venture capital
B. Leveraging existing business resources and reinvesting profits to fuel growth
C. Scaling a business by acquiring other companies
D. Relying on market research and consumer feedback to adjust the business model
Question 114. Match List I with List II :

Choose the correct answer from the options given below:

A. (A) - (4), (B)- (3), (C) - (1), (D) - (2) B. (A) - (4), (B)- (1), (C) - (3), (D) - (2)
C. (A) - (1) (B)- (4), (C) - (3), (D) - (2) D. (A) - (2), (B)- (4), (C) - (1), (D) - (3)

Question 115. Which of the following statements about funding rounds are true?
(A) Convertible notes are often used in early-stage funding to delay valuation discussion.
(B) Series C funding focuses on creating prototypes and conducting market research.
(C) Series B funding is used to finalize a startup's exit strategy.
(D) Crowdfunding can be used during seed funding stages.
(E) IPOs are generally used as a source of funds in later stages of growth.
Choose the correct answer from the options given below:
A. (A), (D), and (E) B. (A), (C), and (D) C. (B), (C), and (D) D. (B), (D), and (E)

Question 116. Which concept refers to a market entry strategy where a company enters a market and creates a
new space with a unique product or service that disrupts the existing market structure, often targeting
underserved or overlooked segments?
A. First-mover advantage B. Blue ocean strategy C. Market penetration D. Cost leadership
strategy

Question 117. Which of the following ownership is not eligible for a start-up as per the norms setup by the Indian
government?
A. Private limited company B. Registered partnership firm C. Limited liability partnershipD. Proprietorship

Question 118. Which of the following characteristic is not a distinguishing factor for an Entrepreneur and an
Intrapreneur ?
A. Innovation B. Risk C. Ownership D. Capital

Question 119. Match List I with List II:

Choose the correct answer from the options given below:

A. (A)-(II), (B)-(I), (C)-(IV), (D)-(III) B. (A)-III, (B)-I, (C)-IV, (D)-II
C. (A)-(I), (B)-(II), (C)-(IV), (D)-(III) D. (A)-(I), (B)-(II), (C)-(III), (D)-(IV)
Question 120. A person or a company who is in a position where they can no longer pay the debts they owe is
officially termed as state of ?
A. Risk B. Negotiation C. Insolvency D. Void

Question 121. Arrange the following key aspects of design thinking into their logical order of application:
1. Generate as many ideas as possible without judgment. 2. Observe and empathize with users in their
environment.
3. Create a tangible representation of an idea to test it. 4. Clearly define and articulate the user problem.
5. Test solutions and gather feedback for improvements.
A. 2 → 1 → 3 → 4 → 5 B. 4 → 2 → 1 → 5 → 3 C. 2 → 4 → 1 → 3 → 5 D. 1 → 3 → 2 → 5 → 4

Question 122. Which of the following could unexpectedly lead to a startup's failure?
(A) Expanding too quickly (B) Over-focusing on product perfection (C) Ignoring customer
feedback
(D) Hiring overly experienced employees (E) Not having a company mascot
A. A, B, C only B. A, C, D only C. A, B, C, D only D. B, C, E only

Question 123. Which of the following are effective and fun team-building activities for a startup?
(A) Hosting a "pitch your wackiest product idea" competition (B) Sending all employees on an unplanned
day off
(C) Holding regular "failures we learned from" storytelling sessions
(D) Creating a collaborative Spotify playlist for office hours
(E) Making team members work in complete silence for a full day
Choose the correct answer from the options given below:
A. A, C, D only B. B, C, D only C. A, B, E only D. C, D, E only

Question 124. Given below are two statements:

Statement I: A primary characteristic of design thinking is to plan out the process before starting, to minimize
waste of resources.
Statement II: The key focus of the Define stage in Design thinking is to narrow down the problem statement.
A. Both Statement I and Statement II are true B. Both Statement I and Statement II are false
C. Statement I is true but Statement II is false D. Statement I is false but Statement II is true

Question 125. Effective leadership can be best developed through:

(A) Case study analysis (B) Role-playing and simulations (C) Peer mentoring programs
(D) Traditional lecture-based learning(E) Experiential workshops
Choose the correct answer from the options given below:
A. A, B, and C only B. A, C, and D only C. B, C, and E only D. A, B, C, and E only

Question 126. An economic system in which a central government dictates permissible levels of production and
the price that are charged for goods and services is called _____.
A. Command Economy B. Traditional Economy C. Capitalist Economy D. Mixed
Economy
Question 127. Given below are two statements :
Statement I: Seed funding helps startups scale after initial product-market fit.
Statement II: Due diligence is the process of assessing a startup’s potential and risks.
In the light of the above statements, choose the correct answer from the options given below :
A. Both Statement I and Statement II are true B. Both Statement I and Statement II are false
C. Statement I is true but Statement II is false D. Statement I is false but Statement II is true

Question 128. Which of these are essential components of a business plan?

(A) Executive summary (B) Risk analysis (C) Marketing strategy
(D) Details about the owner’s hobbies (E) Financial projections
Choose the correct answer from the options given below:
A. A, B, C only B. A, B, C, E only C. A, C, D, E only D. B, C, D only

Question 129. Indian National Startup Day 2022 was celebrated on?
A. February 2nd B. January 14th C. January 16th D. January 28th

Question 130. Statement I: Demand increases when the price of a product decreases, assuming all other factors
remain constant.
Statement II: A monopoly exists when there are multiple sellers offering the same product in a competitive
market.
Choose the most appropriate answer from the options given below:
A. Both Statement I and Statement II are correct B. Both Statement I and Statement II are incorrect
C. Statement I is correct but Statement II is incorrect D. Statement I is incorrect but Statement II is correct

Question 131. The concept of "Blue Ocean Strategy" is associated with which of the following authors?
A. Peter Thiel and Blake Masters B. W. Chan Kim and Renée Mauborgne
C. Gary Hamel and C.K. Prahalad D. Michael Porter

Question 132. Which of the following statements are correct about the Digital India Initiative?
(A) The initiative focuses on providing broadband connectivity in rural areas.
(B) It aims to promote the use of digital platforms for business and government services.
(C) Digital India provides free internet services to all citizens.
(D) The initiative promotes digital payment systems to reduce dependency on cash transactions.
(E) The initiative funds startups in the technology and fintech sectors directly.
Choose the correct answer from the options given below:
A. A, B, C only B. A, C, E only C. B, D, E only D. A, B, D only

Question 133. Turning prospective customers into paying customers is the process of:
A. Sales B. Marketing C. Finance D. Value
delivery

Question 134. Match the corporate strategies with the types of companies or situations they are best suited for.
Choose the correct matching from the options below:
A. A-1, B-3, C-2, D-4 B. A-2, B-3, C-4, D-1 C. A-3, B-4, C-1, D-2 D. A-3, B-1, C-2, D-4

Question 135. Which of the following reflect the ethical and social responsibilities of an entrepreneur?
(A) Compliance with the industry regulations (B) Promoting workplace diversity
(C) Living standard for the employees (D) Shareholder value prioritization
(E) Supporting local community initiative
A. (B), (D), and (E) B. (A), (C), and (D) C. (B), (C) and (E) D. (A), (B), and (E)

Question 136. The potential benefits that an individual, investor, or business missed out on when choosing one
alternative over another is called _____.
A. Overstating returns B. Sunk costs C. Opportunity costs D. Regret costs

Question 137. Who is called the father of venture capital ?

A. Georges Doriot B. David Kmiller C. Steve Valvinski D. Jay
Whitney

Question 138. Which of the following is a key prerequisite for capital investment by Venture Capital firms ?
A. Large number of employees B. A business plan C. Low Taxation RatesD. Low levels of Competition

Question 139. Match List I with List II :

Choose the correct answer from the options given below:

A. A-1, B-2, C-3, D-4 B. A-3, B-2, C-4, D-1 C. A-2, B-1, C-4, D-3 D. A-4, B-3, C-1, D-2

Question 140. The day startup companies which are a part of accelerator programs are provided with an
opportunity to display their problem statement and solution to the investors is called?
A. Valuation Day B. Demo Day C. Credit Day D. Display Day
Question 141. The stages of scaling a business are given below in jumbled order. Rearrange the stages correctly.
A. Operational Efficiency B. Market Expansion C. Leadership Development
D. Product Diversification E. Customer Retention
Choose the correct option below:
A. C, A, E, B, D B. A, B, C, D, E C. B, C, E, A, D D. A, E, D, C, B

Question 142. Which of the following are innovative ways for startups to market themselves?
(A) Hosting free workshops for potential customers (B) Creating viral memes related to their product
(C) Using word-of-mouth referrals only (D) Launching a scavenger hunt tied to their product
launch
(E) Running a simple newspaper ad campaign
Choose the correct answer from the options given below:
A. A, C, E only B. A, B, D only C. B, D, E only D. A, B, C only

Question 143. Which of the following are bold and effective marketing stunts for startups?
(A) Printing QR codes on coffee cups in local cafes (B) Naming a product after a trending meme
(C) Creating an escape room experience themed around the product
(D) Starting a fake rivalry with a fictional competitor (E) Paying customers to write honest
reviews
Choose the correct answer from the options given below:
A. A, B, C only B. A, C, D only C. B, C, E only D. A, C, E only

Question 144. Given below are two statements :

Statement I: Corporate governance ensures that companies are managed ethically and responsibly.
Statement II: Agile management practices promote flexibility and quick adaptation to changes.
In the light of the above statements, choose the correct answer from the options given below :
A. Both Statement I and Statement II are true B. Both Statement I and Statement II are false
C. Statement I is true but Statement II is false D. Statement I is false but Statement II is true

Question 145. Which of the following are effective tools for brainstorming innovative ideas?
(A) Mind mapping (B) SWOT analysis (C) Role-playing exercises
(D) Group discussions (E) Silent meditation
Choose the correct answer from the options given below:
A. A, B, C only B. A, C, D only C. B, D, E only D. A, B, D only

Question 146. What is the total investment range in a medium enterprise as per the norms set up by the
government of India ?
A. ₹10 lakh - ₹1 crore B. ₹50 lakh - ₹5 crore C. ₹50 crore - ₹250 crore D. ₹1 crore - ₹50 crore

Question 147. Given below are two statements:

Statement I: A venture capitalist’s primary goal is to minimize risk by diversifying their investments across
several industries.
Statement II: Venture capitalists often seek to exit their investments through methods like Initial Public Offerings
(IPOs) or acquisitions after a period of growth.
In the light of the above statements, choose the correct answer from the options given below:
A. Both Statement I and Statement II are true B. Both Statement I and Statement II are false
C. Statement I is true but Statement II is false D. Statement I is false but Statement II is true

Question 148. What are some major challenges faced by businesses entering international markets?
(A) Cultural differences (B) Lack of capital (C) Complex legal regulations
(D) Language barriers (E) Technological upgrades
Choose the correct answer from the options given below:
A. A, B, C only B. B, C, D only C. A, C, D only D. A, B, C, D, E

Question 149. Which of the following is considered an external source of business finance?
A. Retained earnings B. Owner’s savings C. Bank loan D. Profit from operations

Question 150. Statement I: Profit is calculated by subtracting the total expenses from the total revenue of a
business.
Statement II: Fixed costs remain the same regardless of the level of production.
Choose the most appropriate answer from the options given below:
A. Both Statement I and Statement II are correct B. Both Statement I and Statement II are incorrect
C. Statement I is correct but Statement II is incorrect D. Statement I is incorrect but Statement II is correct

Question 151. Which of the following is associated with the innovator's dilemma theory?
A. Clayton Christensen B. Peter Drucker C. Michael Porter D. Joseph Schilling

Question 152.Which of the following statements are correct?

(A) Space startup fund aims to retain space companies domiciled in India.
(B) Space startup fund aims at providing early-stage financial support to space startups.
(C) Space startup fund aims to support the devolvement of space technology through investment in innovation.
(D) Space startup fund aims to acquire the growing space startups and support them financially.
(E) Space startup fund only provides funding for the early stage development to space startups.
Choose the correct answer from the options given below:
A. (A) and (C) only B. (B), (C) and (D) only C. (A), (B), and (C) only D. (A), (B),
and (D) only

Question 153. What is a superunicorn?

A. A company with a valuation of more than $10 million
B. A company with a valuation of more than $100 million
C. A company with a valuation of more than $1000 million
D. A company with a valuation of more than $10,000 million

Question 154. Match the contents of List-1 with List-2

A. A-(IV), B-(III), C-(I), D-(II)` B. A-(III), B-(IV), C-(I), D-(II)

C. A-(III), B-(IV), C-(II), D-(I) D. A-(II), B-(IV), C-(I), D-(III)
Question 155. Which of the following are can be characterized as qualities of ethical entrepreneurs?
(A) Ensuring safety of all the employees (B) Having a similar minded core team
(C) Transparency in business model and operations (D) Prioritizing customers over employees
(E) Exploiting the areas the competitor lacks in
Choose the correct answer from the options given below:
A. (C), (D), and (E) B. (A), (B), and (E) C. (B), (D), and (E) D. (A), (C), and (E)

Question 156. High net-worth individuals who fund startups at the early stages with their own money in return for
equity are called _____.
A. Personal Investors B. Venture Capitalists C. Angel Investors D. Private Equity

Question 157. The capital raised by a new company in order to meet its initial costs like building a business plan
or to develop a prototype is called ?
A. Startup Capital B. Venture Capital C. Capital D. Round Capital

Question 158. Which of the following helps companies increase market share?
A. Offer innovative technologies B. Acquiring competitors
C. Strengthening customer loyalty D. More than one of the above

Question 159. Match List I with List II :

Choose the correct answer from the options given below :

A. (A)-(II), (B)-(I), (C)-(IV), (D)-(III) B. (A)-(I), (B)-(II), (C)-(IV), (D)-(III)
C. (A)-(II), (B)-(III), (C)-(IV), (D)-(I) D. (A)-(I), (B)-(II), (C)-(III), (D)-(IV)

Question 160. Soft Bank Vision Fund a part of the Soft Bank group has its head quarter in?
A. Tokyo B. Singapore C. London D. Seoul

Question 161. Arrange the following stages of the "Recruitment Process" in the correct sequence:
(A) Job Posting (B) Screening of Candidates (C) Interviewing Candidates
(D) Job Offer (E) Job Analysis
Choose the correct answer from the options given below:
A. E, A, B, C, D B. B, E, A, D, C C. A, B, C, D, E D. E, A, C, B, D
Question 162. Which of the following unusual habits could improve entrepreneurial productivity?
(A) Taking short naps during work hours (B) Working only at night
(C) Using gamification techniques to track tasks (D) Setting daily "no meeting" hours
(E) Avoiding all team communication tools
Choose the correct answer from the options given below:
A. B, C, D only B. A, D, E only C. A, C, D only D. B, D, E only

Question 163. Which of the following quirky traits can make entrepreneurs more resilient?
(A) Celebrating small failures with cupcakes (B) Writing motivational quotes on their mirrors
(C) Volunteering for activities unrelated to their business (D) Taking their business mascot on vacations
(E) Keeping a “brag book” of every small achievement
Choose the correct answer from the options given below:
A. A, B, E only B. B, C, D only C. A, C, E only D. A, B, D only

Question 164. Given below are two statements:

Statement I: The primary function of supply chain management is to manage the logistics of distribution
network.
Statement II: Key performance metrics in supply chain management include cost, delivery speed, quality, and
customer satisfaction.
In the light of the above statements, choose the correct answer from the options given below:
A. Both Statement I and Statement II are true B. Both Statement I and Statement II are false
C. Statement I is true but Statement II is false D. Statement I is false but Statement II is true

Question 165. Which of the following are common ways to validate a business idea?
(A) Customer surveys (B) Building a prototype
(C) Creating a detailed marketing strategy (D) Conducting market research
(E) Testing the product with focus groups
Choose the correct answer from the options given below:
A. A, C, E only B. A, B, E only C. B, D, E only D. A, B, D only

Question 166. Amazon Web Services (AWS), a cloud computing platform, is an example of the following startup
model:
A. Platform-as-a-Service (PaaS) B. Software-as-a-Service (SaaS)
C. Infrastructure-as-a-Service (IaaS) D. Freemium business model

Question 167. Given below are two statements:

Statement I: The due diligence process in venture capital includes analyzing a startup's financials, market
potential, and legal standing.
Statement II: Venture capital funding is generally a non-dilutive form of financing, meaning that startups do not
have to give up equity.
In the light of the above statements, choose the most appropriate answer from the options given
A. Both Statement I and Statement II are correct B. Both Statement I and Statement II are
incorrect
C. Statement I is correct but Statement II is incorrect D. Statement I is incorrect but Statement II is correct

Question 168. Which strategies are most effective for managing business growth?
(A) Clear delegation of tasks (B) Prioritizing innovation
(C) Ignoring employee feedback (D) Expanding to new markets cautiously
(E) Overloading existing resources to save costs
Choose the correct answer from the options given below:
A. A, B, D only B. A, C, D only C. B, D, E only D. A, B, C only

Question 169. Which of the following factors is least relevant when evaluating the potential success of a new
product in the market?
A. Customer Preferences B. Product Pricing
C. Competitors and their market shares D. Environmental Conditions

Question 170. Statement I: Inflation refers to the general increase in prices of goods and services over time.
Statement II: Deflation occurs when the value of money decreases due to an increase in supply.
Choose the most appropriate answer from the options given below:
A. Both Statement I and Statement II are correct B. Both Statement I and Statement II are incorrect
C. Statement I is correct but Statement II is incorrect D. Statement I is incorrect but Statement II is correct

Question 171. Which entrepreneur is associated with the concept of "Open innovation"?
A. Richard Branson B. Henry Chesbrough C. Jeff Bezos D. Bill Gates

Question 172. Which of the following statements are correct?

(A) Startup India Seed Fund Scheme (SISFS) provides up to Rs. 50 lakhs as a grant for validation of proof of
concept.
(B) Both startups and incubators can apply for SISFS.
(C) Startups eligible for SISFS should not have received more than Rs. 10 Lakh of support from central or state
government.
(D) Startups eligible for SISFS must have at least 51% shareholding by Indian promoters at the time of
application.
(E) SIFS disburses the seed fund through allocation to the state government and through them to the startup.
Choose the correct answer from the options given below:
A. (B), (C) and (D) onlyB. (B) and (E) onlyC. (A), (B), and (E) onlyD. (C) and(E) only

Question 173. _______ measures a company's total value, often used as a more comprehensive alternative to
equity market capitalization that includes debt.
A. Market value B. Gross margin C. Enterprise value D. Gross domestic product

Question 174. Match List I with List II :

Choose the correct matching from the options below:
A. A-1, B-2, C-3, D-4 B. A-2, B-3, C-4, D-1 C. A-2, B-1, C-4, D-3 D. A-3, B-4, C-1, D-2

Question 175. Which of the following activities are typical for specific funding rounds?
(A) Building a prototype during seed funding
(B) Scaling operations during Series A funding
(C) Expanding into international markets during Series C funding
(D) Preparing for an IPO during Series D funding
(E) Developing initial customer acquisition strategies during IPO
Choose the correct answer from the options given below:
A. (A), (C), and (E) B. (C), (D), and (E) C. (A), (B), and (C) D. (B), (C), and (D)

Question 176. What does "minimum viable product (MVP)" mean in entrepreneurship?
A. A fully-featured product ready for mass production B. The least expensive version of a product available
for sale
C. A basic version of a product that demonstrates its core functionality
D. A product that generates maximum revenue with minimal investment

Question 177. ASPIRE scheme aims to create and promote the culture of:
A. Innovation and energy conservation B. Entrepreneurship and energy conservation
C. Innovation, Rural Industries and Entrepreneurship D. Innovation, energy conservation and Entrepreneurship

Question 178. An innovative entrepreneur is the one who introduces new product, new service or new market.
Entrepreneurs who imitate the techniques and technologies innovated by innovative entrepreneurs are called
_____.
A. Adoptive Entrepreneurs B. Social Entrepreneurs C. Drone Entrepreneurs D. Fabian
Entrepreneurs

Question 179. Match List I with List II :

Choose the correct answer from the options given below:

A. (A)-III, (B)-IV, (C)-II, (D)-I B. (A)-IV, (B)-I, (C)-II, (D)-III
C. (A)-III, (B)-I, (C)-IV, (D)-II D. (A)-IV, (B)-III, (C)-II, (D)-I

Question 180. A collaborative program setup to help entrepreneurs solve some of the commonly associated
problems by providing mentorship, workspace, funding for startups is called?
A. Generator B. Incubator C. Progressor D. Developer
Question 181. Match List I with List II.
Choose the correct answer from the options given below:
A.A-I, B-II, C-III, D-IV B. A-II, B-IV, C-I, D-III C. A-II, B-III, C-I, D-IV D. A-III, B-II, C-I, D-IV

Question 182. Match companies with their taglines.

Choose the correct answer from the given options.

A.A-(iii), B-(i), C-(iv), D-(ii) B. A-(ii), B-(i), C-(iv), D-(iii)
C. A-(iii), B-(iv), C-(i), D-(ii) D. A-(ii), B-(iv), C-(i), D-(iii)

Question 183. A ______ is a low income, non-luxury product that defies standard economic and consumer
demand theory.
A.Veblen Good B.Giffen Good C.discretionary goods D.Substitute

Question 184. Which of the following is not an advantage of bootstrapping?

A.Higher Product Quality B.Greater Control C.Limited DebtD.Complete Ownership

Question 185. What does the term drive-by-deal refer to ?

A.A venture capitalist who plans for the acquisition of the entire equity of a company.
B.An investor who plans for acquisition of exactly 50 percent stock in the company.
C.A venture capitalist who invests in a company and plans for a quick exit strategy.
D.An investment driven by a very successful investor.

Question 186. The innovation which supplants an existing business model?

A.Incremental Innovation B.Architectural Innovation C.Radical Innovation D.Breakthrough Innovation

Question 187. Which corporation is responsible for the administration of PMKVY, a scheme aimed at providing
free skill training avenues to youths of India?
A.Planning commission of India B.Competition Commission of India
C.National Skill Development Corporation D.Bharat Corporation for Skill Development

Question 188. Arrange the following stages of a startup lifecycle in sequence

(A) Ideation (B) Growth (C) Validation (D) Scaling (E) Product Development
Choose the correct answer from the options given below:
A.(A), (C), (E), (B), (D) B.(A), (E), (C), (D), (B) C.(A), (C), (D), (E), (B) D.(E), (A), (B), (C),
(D)

Question 189. For a business to sustain long-term competitive advantage in a dynamic market, which of the
following factors are most critical?
(A) Building a robust technological infrastructure (B) Cultivating strong relationships with key stakeholders
(C) Achieving economies of scale (D) Consistently adapting to market and industry trends
(E) Prioritizing short-term financial gains over long-term investments
Choose the correct answer from the options given below:
A.(A), (B), and (C) B.(B), (C), and (D) C.(A), (B), (D), and (E) D.(A), (B), (C), and (D)

Question 190. The next stage to the Concept Stage of Product Planning and Development Process is
A.Idea Stage B.Product Development Stage C.Test Marketing Stage D.Planning
Stage

Question 191. Where does Architectural innovation appropriately fit under ?

A.New Market, New Technology. B.Existing Market, New Technology.
C.Existing Market, Existing Technology. D.New Market, Existing Technology.

Question 192. What is the full form of PMMY, which is a scheme set up by the Government of India (GoI) to
promote entrepreneurship which helps in facilitating micro credit upto Rs. 10 lakh to small business owners.
A.Pradhan Mantri Mahila Yojana B.Pradhan Mantri MSME Yojana
C.Pradhan Mantri Manufacturing Yojana D.Pradhan Mantri Mudra Yojana

Question 193. Given are two statements:

Statement I: A high-net-worth individual(HNWI) is somebody with at least $10 million in liquid financial assets.
Statement II: China had the most HNWIs in the world in 2022
In light of the above statements, choose the correct answer from the options given below:
A.Both Statements I and II are true. B.Both Statements I and II are false.
C.Statement I is true and Statement II is false. D.Statement I is false and Statement II is true.

Question 194. Which of the following is not true regarding limited liability partnership ?
A.It is a separate legal entity. B.Government must be a part of the corporation
C.There is no maximum limit on the number of partners.
D.The partners in an LLP have the right to manage the business directly.

Question 195. Which of the following is not a part of the conceptual design?
A.Problem Statement B.Concept Evaluation C.Concept Generation D.Design Specification

Question 196. Given are two statements:

Statement I: A consumer price index (CPI) measures changes in the overall price of goods before they are sold
at retail.
Statement II: An intangible asset is an asset that has a finite monetary value and usually has a physical form.
In light of the above statements, choose the correct answer from the options given below:
A.Both Statements I and II are true. B.Both Statements I and II are false.
C.Statement I is true and Statement II is false. D.Statement I is false and Statement II is true.

Question 197. Given below are two statements, one is labelled as Assertion (A) and the other is labelled as
Reason (R).
Assertion (A): Sustainable business practices are essential for long-term profitability.
Reason (R): Adopting sustainable practices helps businesses reduce costs and improve their brand reputation.
In the light of the above statements, choose the most appropriate answer from the options given below:
A.Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A).
B.Both Assertion (A) and Reason (R) are correct and Reason (R) is not correct explanation of Assertion (A).
C.(A) is correct but (R) is not correct. D.(A) is not correct but (R) is correct.

Question 198. Given are two statements:

Statement I: Wholesale price index is used by the RBI to measure the rate of inflation in India.
Statement II: Retail investors are non-professional market participants who generally invest smaller amounts
than larger, institutional investors.
In light of the above statements, choose the correct answer from the options given below:
A.Both Statements I and II are true. B.Both Statements I and II are false.
C.Statement I is true and Statement II is false. D.Statement I is false and Statement II is true.

Question 199. What is a Hectocorn?

A.A startup with a valuation over $ 1 billion B.A startup with a valuation over $ 100 million
C.A startup with a valuation of $ 100 billion and over D.A startup with a valuation of 100,000 crore
and over

Question 200. Which of the following is not an inherent characteristic of an innovation ?

A.Challenging the status quo B.Taking Risks
C.Adamant with the ideas and business plan. D.Experimenting