This document contains 60 multiple choice questions related to various topics in entrepreneurship, business management, marketing, and project management. The questions cover concepts like the traits of entrepreneurs, types of markets, the marketing research process, data collection methods, SWOT analysis, types of business resources, goals for business plans, challenges faced by small businesses and women entrepreneurs, and aspects of project planning and management.

1. EDP MCQ
1) ___ is not the trait of entrepreneurs.
a) Innovation b) Decision making c) Skilful management d) None of the
above
2) In a local market, which one of the following is not likely to be sold?
a) Meat b) Fruits c) Transformers (electric) d) Grocery items
3) Which one of the following is the third step in the process of marketing
research?
a) Analyze the information b) Develop the research plan and
design
c) Present the findings d) Collect the information
4) The primary methods of data collection are interview, ________ and
_______.
a) Observation, telephone b) Telephone, questionnaire
c) Questionnaire, observation d) MR Agency, newspaper
5)Survey research is the systematic collection of information directly from
reproduces like.
a) Telephone interview b) Mail interviews c)
Personal interviews d) All of the above
6) Entrepreneurship can……………….the Gross National Product
a) Increase b) Decrease c) Neither increase nor decrease d) None of the
above
7) Entrepreneurship can ………………..the Unemployment
a) Increase b) Neither increase nor decrease c) Decrease d) None of the
above
8) DIC stands for ______
a) Disassembled Industries Centers b) District Industries Collaboration
c) District Industries Centers d) Developing Industries Centers
9)On the basis of organization set-Up, the following are the type of Industrial
estate
a) Government, Public, cooperative, Municipal Industrial estate
b) Government, Private, cooperative, Municipal Industrial estate
c) Government, Public, cooperative, Municipal Industrial estate
d) Government, Private, public, Municipal Industrial estate

2. 10)While doing a market survey for raw material availability, which of the
following should be considered?
a) Existing brand loyalties and consumption pattern
b) Leading suppliers and time for order execution
c) Market strategy and advertising
d) Major manufacturers and machinery delivery schedules
11)In which stage the business expands by way of opening its branches?
a) Startup stage b) Growth stage c) Expansion stage d) Maturity stage
12)What provides all the necessary information of the unit proposed to be set-
up for the manufacture of a product or rendering a service?
a)Project description b) Project appraisal
c) Project implementation schedule d) Project report
13)Which phase starts after the investment decision is taken?
a) Normalisation phase b) Construction phase
c) Pre-investment phase d) Product identification phase
14)What can be defined as an attractive project idea which an entrepreneur
accepts as a basis for his investment decision?
a) Possibility b) Business c) Opportunity d) Notion
1 Entrepreneurs skills includes:
(a) Creative problem solving
(b) Persuading
(c) Negotiation
(d) All of above
ANS d
2 Which of the following is not something that can be invested:
(a) Energy
(b) Experties
(c) Money
(d) Time
ANS b
3.Which of the following SWOT elements are internal factors for a business?
A. Strengths and Weaknesses
B. Opportunities and Threats
C. Strengths and Opportunities
D. Weaknesses and Threats

3. ans a
4.Which of the following is false regarding why a SWOT Analysis is used?
A. To build on the strengths of a business
B. To minimize the weaknesses of a business
C. To reduce opportunities available to a business
D. To counteract threats to a business
ANS C
5.. Which of the following could be a strength?
A. Weather
B. A new international market
C. A price that is too high
D. The location of a business
ANS D
6.Which of the following could be an opportunity?
A. Having quality processes and procedures
B. Moving into new market segments that offer improved profits
C. Damaged reputation
D. A new competitor in your home market
ANS b
7.Who usually conducts a SWOT Analysis for a business?
A. Financial Institutions/Banks
B. Lawyer
C. Employees
D. Managers
ANS d
8.How often should a SWOT Analysis be performed?
A. Only when specific issues need to be addressed
B. At least once per year
C. Only when the business starts
D. Every 3-5 years
ANS b
9.From the following which one is factor affecting entrepreneurial growth:
(a) Social
(b) Economic
(c) Psychological
(d) All of above
ANS d
10The level at which an individual is viewed by society is called:
(a) Financial status
(b) Qualification

4. (c) Social Status
d) Achievement
ANS c
11.Having less than 50 percent of equity share in an international venture is
called:
a) Joint Venture
b) Majority interest
c) Minority interest
d) Exporting
ANS C
12.EDP (Entrepreneurship Development Programmes) is requied to help:
(a) Existing entrepreneurs
(b) First generation entrepreneurs
(c) Future generations entrepreneurs
(d) None of the above
ANS b
13.Which of these is not a method of data collection.
a. Questionnaires
b. Interviews
c. Experiments
d. Observations
ANS d
14.Which of the following is not a major method of data collection?
a. Questionnaires
b. Focus groups
c. Correlational method
d. Secondary data
ANS c
15 Open-ended questions provide primarily ______ data.
a. Confirmatory data
b. Qualitative data
c. Predictive data
d. None of the above
ANS b
16 The banking services and hotel services are examples of…..
A product
B commodities
C barter system

5. D offered services
ANS D
17 The buying process starts when the buyer recognizes a
A Product
B an advertisement for the product
C a salesperson from a previous visit
D PROBLEM OR NEED
ANS D
18 If actual performance exceeds the expected performance of the product,
Then customer is ___________________
A Satisfied
B Dissatisfied
C Delighted
D Neutral
ANS C
19 Adding new features to a product is advocated by which of the approaches?
A Product Approach
B Production Approach
C Marketing Approach
D Selling Approach
ANS A
20 .The most basic level of a product is called the:
A core product.
B central product.
C fundamental product.
Daugmented product.
ANS A
21 The most common research instrument used is the
a)Questionnaire
b) Moderator
c) Telephone interviewer
d) Live interviewer
ANS A
22 Source of research problem include
a) Researcher’s experience
b) Practical issue that require solutions
c) Theory and past research
d) All of the above
ANS d:

6. 23.This is the act of obtaining a desired object from someone by offering
something in return.
a.Marketing Myopia
b.Selling
c. Exchange
d. Delivery
Ans c
24.If the focus is on social and ethical concerns in marketing’ is characteristic of
the _________ period.
a. Production
b. Sales
c. Marketing
d. Societal marketing
Ans c
25.New product development starts with which one of the following steps of
new product development?
a. Idea screening
b. Idea generation
c. Test marketing
d. Concept testing
Ans b
26.Open-ended questions provide primarily ______ data.
a. Confirmatory data
b. Qualitative data
c. Predictive data
d. None of the above
ans b
27.Which of the following is not a part of Five M’s?
a. Material
b. Machine
c. Motion
d. Method
Ans b
28The mechanical properties of good product material are U
a) strength
b) toughness
c) ductility
d) all of the mentioned
ans d
29.Which one of the following best represents a pure good?

7. A. Salt
B. Fast food
C. Attending a play
D. Vehicle repair
ANS A
30. Consumption behavior in India is said to be prejudiced in India by
socioeconomic factors governed by the people's ________
a) Education
b) Occupation
c) Both a and b
d) None of the above
ans c
31.The markets in which participants exchange services or goods are termed as
a) Physical market
b) Retail market
c) Barter market
d) None of the above
ans c
32.“Many people want a BMW but only a few are able to buy”, is an example
A Need
B Want
C Demand
D Status
ANS C
33. Marketing is ______
A Art
B Science
C Both
D Neither
ANS C
34.Which one of the following BEST describes the human need?
A Food
B French-fries
C Burger
D Pizza
ANS D
35 Amul Dairy industries refers to which of the following company type-
a) Private limited company

8. b) Ownership company
c) Partnership company
d) Co-operative company
ans d
36. Quality is the responsibility of --
a) all those in concern with product including end user
b) all those who are working in the organisation
c) all those who are managers
d) all those who are supervisors
ANS b
37. Capital invested in Land and machinery is termed as –
a) Floating capital
b) Fixed Capital
c) Sinking Capital
d) Working Capital
ANS b
38.What are the types of capital?
a. Fixed and Unfixed
b. Favorable and workable
c. Small and big
d. Fixed and working
ANS d
39. Domestic Trade is also known as
a) Global Trade
b) Foreign Trade
c) International Trade
d) Internal Trade
ANS d
40.- ____ is a set of activities which are networked in an order and aimed
towards achieving the goals of a project.
(A) Project
(B) Process
(C) Project management
(D) Project cycle
ANS A:- A

9. 41.- ____ is a set of activities which are networked in an order and aimed
towards achieving the goals of a project.
(A) Project
(B) Process
(C) Project management
(D) Project cycle
ANS A
42.2-Resources refers to
(A) Manpower
(B) Machinery
(C) Materials
(D) All of the above
ANS D
43.-Developing a technology is an example of
(A) Process
(B) Project
(C) Scope
(D) All of the above
ANS B:- A
44.The project life cycle consists of
(A) Understanding the scope of the project
(B) Objectives of the project
(C) Formulation and planning various activities
(D) All of the above
ANS D
45.-Following is(are) the responsibility(ies) of the project manager.
(A) Budgeting and cost control
(B) Allocating resources
(C) Tracking project expenditure
(D) All of the above
ANS D
46.Design phase consist of
(A) Input received
(B) Output received
(C) Both (A) and (B)
(D) None of the above
ANS C
47.Project performance consists of
(A) Time
(B) Cost

10. (C) Quality
(D) All of the above
ANS D
48..__________ is the process of evaluating a system or its component(s) with
the intent to find whether it satisfies the specified requirements or not.
(A) Testing
(B) Installation
(C) Commissioning
(D) Storage
Answer (A):- A
49.. Industrial safety management is the branch of management which is
concerned with ______ hazards from the industries.
(A) Reducing
(B) Controlling
(C) Eliminating
(D) All of these
Answer D
50.Which of the following is an indirect cost of the accident?
(A) Money paid for the treatment of the worker
(B) Cost of lost time of the injured worker
(C) Compensation paid to the worker
(D) All of these
Answer B:-A
51.Which of the following is(are) physical hazard agent(s)?
(A) Falls
(B) Electricity
(C) Inhalation
(D) All of these
Answer D:-R
52.The following type of layout is preferred to manufacture a standard product
in large quantity
Product layout
Process layout
Fixed position layout
Combination layout
(Ans:a)
53.The main object of scientific layout is
(A) to produce better quality of product
(B) to utilise maximum floor area

11. (C) to minimise production delays
(D) all of these
Answer (D)
54.Which of following is best strategy for effectively planning out your time?
Prioritize all your tasks
Ignore all the unexpected work
Delay any unnecessary work
All of the above
Ans: A
55.In which of the following project phases is the project schedule developed?
1. Conceptual
2. Planning
3. Implementation
4. Design
Answer: 2
56..Milestones established by the customer must be adhered to by:
1. Project manager
2. Functional managers
3. The customer
4. Both a and b
Answer:D
57.The time necessary to complete a project is referred to as:
1. Implementation time
2. Life cycle
3. Operations cycle
4. Production cycle
Answer: 2
58.The successful project managers spend most of their time:
1. Planning with their personnel
2. Planning with the top management
3. Communication with the project team
4. Studying project results.
Answer: 3
59.Measured quality of a manufactured product is :
1. Always constant
2. Continually decreasing
3. Subject to a certain amount of variation
4. Continually increasing
Answer:C

12. 60.The Project manager should be able to fulfill the role of:
1. an integrator
2. a functional manager
3. a line manager
4. a sponsor
Answer: A
61.What is the last item a project manager must do to finalize project close-
out?
1. Reassign the team
2. Contract completion
3. Archive the project records
4. Complete lessons learned
Answer: B
62.) The contemporary view of conflict is that:
1. Conflict is bad
2. Conflict is caused by trouble makers
3. Conflict should be avoided
4. Conflict is often beneficial
Answer: D
1. For the success of business plan the goals should be
¬ Limitless
¬ Generalized
¬ Specific
¬ Imaginary
2. Small businesses face following problems
a) Unstable Market
b) Poor business Model
c) Less Funding
d) All of above
3. Drucker mentions following pitfalls
a) Marketing product in wrong market
b) Entrepreneur believes in profit
c) Entrepreneur gives importance to cash flow
d) A and B

13. 4. _________________ refers to the failure to acknowledge or recognize
the limits of personal knowledge, skills and experience
a) Perception of risk
b) Planning fallacy
c) Law of small numbers
d) Overconfidence
5. ___________________ is evident when the entrepreneur tries to
mislead the investor
a) Knowledge and experience
b) Lack of openness and honesty
c) Lack of financial planning
d) Commitment of the entrepreneur
6. Which ONE of the following is NOT a characteristic of a successful
product or service?
a) Niche market appeal
b) Fulfilling a need or want
c) Personal preference of entrepreneur
d) Buyer will understand it
7. The mere fact that there are ______________ could be an indication
that the market is large enough to absorb a new product
a) Suppliers
b) Customers
c) Competitors
d) Products and services
8. ________________ skill refers to: communication, listening, conflict
management and networking
9.
a) Interpersonal
b) Management
c) Financial
d) Business
10.Which of the following is NOT a resource need?

14. a) Operating resources
b) Competitor resources
c) Financial resources
d) Technology resources
11.Which of the following is something that the business plan cannot do?
a) Develop a sound business strategy
b) Aid the entrepreneur to work smartly rather than harder
c) Setting clear business goals and objectives
d) Predict the future
12.Failing to base business decisions on __________ often have disastrous
consequences for entrepreneurs.
a) Business knowledge
b) Business cycles
c) Business flair
d) Business analyses
13.The four corporate entrepreneurial constraints are:
a) Strategic Decisions; Policies; System and Structures
b) Policies; Procedures; System and Structures
c) Strategic Decisions; Procedures; System and Structures
d) Strategic Decisions; Policies and Procedures; System and Structures
14.Basic problems of women entrepreneurs in India:
(a) Lack of education skill
(b) Male dominating society
(c) Absence of listen bearing capacity
(d) All of the above
15.From the following which one is the classification of entrepreneurs
according to gender and age.
(a) Men entrepreneurs
(b) Women entrepreneurs
(c) Young entrepreneurs
(d) All of above
16.Many of the women-owned businesses are concentrated in the:
a) Retail and service sector
b) Manufacturing Industry

15. c) Financial management Industry
d) Medical Industry
17.Women-owned businesses may be smaller than those owned by men
because they
a) cannot find good quality training programs
b) have a more difficult time finding employees.
c) do not have equal access to capital.
d) do not have as much management experience as men.
18.___________ implies that women entrepreneurs are conomically
independent and take decisions independently.
a) Better utilization of resources
b) Improved quality life
c) Economic development
d) Employment generation
19.Name the online platform launched by the Ministry of Women and
Child Development to support women entrepreneurs?
A. Digital India
B. Mahila E-haat
C. One Stop Centre Scheme
D. None of the above
20.Which of the area is preferred by women entrepreneurs
a) Administration
b) Manufacturing
c) Utilities
d) None of the above