Entrepreneurship Quiz

1. Entrepreneurship
Development
QUIZ
SAUMYA SINGH
1321760
CHRIST UNIVERSITY

2. Q.
Self motivated entrepreneurs are
known as?

3. Ans.
Pure entrepreneurs

4. Q.
This type of project is one of the
special modes of carrying out
international business. It is a
contract under which a firm agrees
to fully design, construct and
equip a manufacturing/ business/
service facility and turn the project
over to the purchaser when it is
ready for operation for a
remuneration.

5. Ans.
Turnkey project

6. Q.
One of the method of generating
new ideas by thinking without
constraints.

7. Ans.
Big-dream approach

8. Q.
One of the method of generating
ideas by focusing on negative
aspects of a product or service
and identifying the ways to
overcome those problems.

9. Ans.
Reverse brainstorming

10. Q.
In this method of generating ideas,
experts at different places are
given the problem and are asked
to give their views.

11. Ans.
Delphi method

12. Q.
A corporate manager who starts a
new initiative for their company
which entails setting up a new
distinct business unit and board of
directors can be regarded as ?

13. Ans.
Intrapreneur

14. Q.
An authorization granted by a
government or company to an
individual or group enabling them
to carry out specified commercial
activities, e.g., providing a
broadcasting service or acting as
an agent for a company's
products.

15. Ans.
Franchise

16. Q.
Type of innovation which
establishes the platform on which
future innovations in an area are
developed, which should be
protected by patents, trademarks
and copyrights.

17. Ans.
Breakthrough innovation

18. Q.
_________ implies where company
takes full responsibility for making
its goods available in the target
market by selling directly to the
end customers, normally through
its own agents, overseas.

19. Ans.
Direct exporting

20. Q.
This type of startup require risk
capital to fund their business
model, and they attract investment
from financial investors- venture
capitalists.

21. Ans.
Scalable startups

22. Q.
What is the term of a patent?

23. Ans.
20 years

24. Q.
What are the four emotional stages
that every entrepreneur passes
through?

25. Ans.
1) Busy Phase
2) Second Thoughts Phase
3) Self Doubt Phase
4) Been There, Done That
Phase

26. Q.
What is copyright meant for?
A. Film works
B. Books
C. Essays
D. All the above

27. Ans.
D. All the above

28. Q.
An advantage of the small firm in
the innovation process?
A. Ability to carry out R&D
B. Ability to raise finance
C. Ability of the entrepreneur to
carry out multiple tasks
D. Ability of the entrepreneur to act
on new ideas or product
development

29. Ans.
D. Ability of the entrepreneur
to act on new ideas or
product development

30. Q.
Schumpeter considered that
innovative entrepreneurs would:
A. Thrive
B. Disappear
C. Be absorbed within large
innovative firms
D. Be absorbed within non-innovative
firms

31. Ans.
C. Be absorbed within large
innovative firms

32. Q.
What are the requirements for obtaining
a patent?
A. It should be new, inventive, and
useful.
B. It should be new, inventive and
pleasing to the eye.
C. It should be valuable, informative and
easy to use.
D. All of the above.

33. Ans.
A. It should be new, inventive,
and useful.

34. Q.
The entrepreneurial process is
comprised of each of the following
steps EXCEPT:
A. Deciding to become an
entrepreneur.
B. Inventing a new product or
process.
C. Managing and growing the
entrepreneurial firm.
D. Moving from an idea to an

35. Ans.
B. Inventing a new product or
process.

36. Q.
Which of these can you
patent?
A. Literary, dramatic, musical
or artistic work
B. A logo or a brand name
C. Technological advance
D. Product design.

37. Ans.
C. Technological advance

38. Q.
The closely guarded formula for
making Coca-Cola is an example
of what type of IP?
A. Patent
B. Trade Secret
C. Trademark
D. Copyright

39. Ans.
B. Trade secret
 The Coca Cola Company holds the
record for the longest held trade
secret in the world for its secret
formula for Coke.

40. Q.
If you want to know what is
actually covered by a granted
patent, you will look at:
A. The title
B. The title and the abstract
C. The abstract
D. The claims

41. Ans.
D. The claims
 Claims define the scope of an
invention.

42. Q.
Can patents be granted to process
of making the product?
A. Only product can be patented not
process
B. Only process can be patented not
product
C. Both cannot be patented
D. Both can be patented

43. Ans.
D. Both can be patented
 A patent can be granted to a product as
well as for a process of making a
product. The process claimed which
describes the steps of deriving a product
is called process patent.

44. Q.
Can I get a worldwide patent?
A. By applying to the UN.
B. Yes, you can apply to World
Intellectual Property Organization
(WIPO)
C. No, there is no such thing as a
worldwide patent.
D. Yes, you can apply to the Indian
Patent Office.

45. Ans.
C. No, there is no such thing
as a worldwide patent.
 There is no such thing as a worldwide
patent. Patents are country specific right. In
order to streamline the process of filing
patents in multiple countries, the World
Intellectual Property Organization (WIPO)
allows for filing of a single “application” which
is then forwarded to individual countries of
the applicants’ interest and examined by
patent offices of each country.

46. IDENTIFY THEM!

47. Along with Sergey Brin, he is the co-founder of
Google, which became one of fastest growing
businesses of all time. He helped invent Page Rank
which helped to make Google the most popular
search engine.

48. Ans.
Larry Page (1973 – Still alive )

49. He is one of the co-founders of Voltage.com, a security
based company, the nature of the business is the
encryption and protection of online and offline data
through the use of electronic devices. In other words they
stop people stealing data and identities etc.

50. Ans.
Rishi Kacker (Aged 24yrs)

51. She was a French designer and costume maker,
instrumental in defining feminine style and dress
during the 20th Century. Her ideas and business
practices were revolutionary.

52. Ans.
Coco Chanel (1883-1971)

53. She was the founder of the Body Shop, a cosmetic firm,
with strong ethical principles. She showed
entrepreneurs could succeed in business and maintain
an ethical profile.

54. Ans.
Anita Roddick (1942 – 2007)

55. She, is currently the President of Shri Mahila Griha Udyog
Lijjat Papad, an Indian women's cooperative based in
Mumbai.The Khadi and Village Industries Commission of
India has conferred the Best Village Industry award on Lijjat
Papad from the period 1998-99 to 2000-01.

56. Ans.
Jyoti Nayak

57. Bangladeshi banker and economist. Awarded the Nobel
Peace Prize (2006) for his work in micro-finance, a
scheme for helping poor people to have greater access
to finance at low interest rates. He developed concepts
of micro-credit and micro-finance as an effective way to
promote economic development.

58. Ans.
Muhammad Yunus (1940 –
Still alive)

59. He was one of the co-founders of Facebook along with
Mark. He has since left Facebook (back in 2008) and has
now set up his own business, Asana a company that
apparently tackles the problems of workplace
collaborations.

60. Ans.
Dustin Moskovitz (Aged 26yrs)

61. He is the founder and CEO of a travel website
(Tagline- Your India Travel specialist)

62. Ans.
Deep Kalra
Founder, CEO of:

63. Designer of Google Doodle.

64. Ans.
Dennis Hwang

65. NAME THESE STARTUPS.

66. Q.
 X is has been one of the most
successful dot-com ventures. It was founded
in 1997 in Scotts Valley, California.
 Y was inspired to start the company after
being charged late fees for returning a
rented copy of Apollo 13 after the due date.
 Id X, Y.

67. X – Netflix, Y – Reed Hastings

68. Q.
 Operation X was a project of the National
Dairy Development Board (NDDB).
 It was the world's biggest dairy development
program which made India, a milk-deficient
nation, the largest milk producer in the
world, surpassing the USA in 1998.
 Y gave the necessary thrust using his
professional management skills to the
programme, and is recognised as its
architect.
 Id X, Y.

69. X – Operation Flood, Y – Verghese
Kurien

70. Q.
 X is currently the chairperson of Trent
Limited, the retail chain of Tata Group which
operates Westside.
 French by birth and educated in Switzerland,
she came to India in 1955, and joined
Lakmé as Managing Director in 1961, rising
to become its Chairperson in 1982.
 She is the wife of late Naval H. Tata and is
stepmother to Ratan Tata.

71. Simone Tata

72. Q.
 The Website X has launched a new logo
for its corporate brand to highlight its
new avatar as an e-commerce company
focused on local needs.
 The new logo of the company sports a
metallic sheen and uses simpler fonts. It
retains the Yin-Yang from the old logo,
but sports a modern and contemporary
look.
 The portal also sports a new tagline,
'Delightful discoveries. Everyday.' as
opposed to the earlier one, 'Find. Buy.
Sell. Share‘.
 The guy Y in the picture is the founder
and CEO of X.
 Find X, Y.

73. X – sulekha.com, Y – Satya
Prabhakar

74. Q.
 X was started in 2011.
 Business: Aggregates car rentals and taxis.
 Radhakrishna and Raghunandan G, both IIM-Ahmedabad
graduates, launched X in 2011
as an online platform through which
consumers can rent taxis.
 The company has partnered with around 25
cab operators in Bangalore and around 15 in
Delhi, including branded operators like Mega
Cabs and Cell Cabs.

75. Ans.
TaxiforSure

76. Q.
 X was founded by Y who performs in the capacity
of the Managing Director and Chief Executive
Officer of the Company.
 Y thought of the idea while working for yellow
pages company called United Database India
(UDI) in 1987. He felt that the information could
prove to be much more useful if it could be
provided over the phone.
 In 1996, he came to know that Mumbai's Kandivali
exchange owned the number 888 8888. He was
well aware of the importance of having an easy to
remember number for a service like this and he
somehow persuaded the GM to allot the number
to him.
 Id X, Y.

77. X – JustDial, Y – V.S.S. Mani

78. Q.
 X is an Online marketplace website,
headquartered in New Delhi, India.
 X features products across categories like
Mobiles, Electronics, Fashion accessories,
Apparel, Footwear, Kids, Home and Kitchen,
Sports, Books; and services like
Restaurants, Spas & Entertainment amongst
others.
 The company was started by Kunal Bahl, a
Wharton graduate and Rohit Bansal, an
alumnus of IIT Delhi, in February 2010.
 Id X.

79. Snapdeal

80. Q.
Name the persons in the picture.
Who are they?

81. Binny Bansal and Sachin
Bansal
Founders of:

82. Q.
 X is a digital distributor
of Bollywood and Kollywood music, with rights to
over 2 million music tracks. In Hindi, X is the
season of Monsoon, which is often associated with
music.
 It was founded as BODVOD networks in 2006 by Vin
Bhat, Neal Shenoy, and Paramdeep Singh, in a
partnership between New York-based parent
company 212Media, Indian company Hungama, and
Schramm Sports & Entertainment.
 In its former incarnation as BODVOD Networks, X
was the first company to offer Bollywood content on
demand on cable television and on iTunes.
 Id X.

83. Saavn
An acronym for “South Asian
Audio Visual Network."