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Entrepreneurship And Innovation — Part 2 MCQs with Explanations

Practice high-yield Management Sciences MCQs on Entrepreneurship And Innovation — Part 2 with worked academic solutions for CSS, PMS, FPSC, PPSC, NTS.

Questions
40
Difficulty Level
Exam-Level
Target Exams
CSS, PMS, FPSC...
Estimated Time
48 mins
Exam-Level CSS PMS FPSC PPSC NTS
Verified for Commission Syllabus • Oct 14, 2026
40

Verified Practice Questions

Interactive test mode with detailed academic worked solutions

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Question 1 of 40
★ CSS ★ PMS

Match the following List-I (Types of Debentures) List-II (Features) a. Registered debentures 1. Nomination b. Bearer debentures 2. Transfer by delivery c. Partly convertible 3. Semi-option d. Non-redeemable 4. Payment at windup of the firm

Question 2 of 40
★ CSS ★ PMS

Which one of the following is not the element of entrepreneurship?

Question 3 of 40
★ CSS ★ PMS

Match the items of List-I with List-II. List-I List-II a. A promotion assistance for development of khadi 1. SFURTI b. A scheme of fund for registration of traditional industries 2. ISEC c. Interest subsidy eligibility for all institutions registered under KVIC 3. MDA

Question 4 of 40
★ CSS ★ PMS

Which one of the following is the most insignificant reason for sickness in SSI sector?

Question 5 of 40
★ CSS ★ PMS

Match the items given in List-I and List-II. List-I List-II a. Market research 1. Sales promotion b. Financial plan 2. From of business c. Ownership 3. Budgeting d. Marketing plan 4. Exploring market opportunity

Question 6 of 40
★ CSS ★ PMS

All India Small Scale Industries Board is a

Question 7 of 40
★ CSS ★ PMS

Which is the preliminary preparation stage of new unit?

Question 8 of 40
★ CSS ★ PMS

Which is the objects of Entrepreneurial Development Programmes?

Question 9 of 40
★ CSS ★ PMS

Match the following List-I (Type of Law) List-II (Features) a. Business Law 1. Insurance Act b. Economic Law 2. Social Control c. Labour Law 3. Air Pollution Control Act d. Pollution Control Law 4. FERA 5. Provident Fund Act

Question 10 of 40
★ CSS ★ PMS

Which is the characteristics of an entrepreneur?

Question 11 of 40
★ CSS ★ PMS

Match the following. List-I (Form of innovation) List-II (Change) a. Initial expansion 1. New production b. Subsequent expansion 2. Additional production c. Factor innovation 3. Upgrading d. Product innovation 4. New processing technique

Question 12 of 40
★ CSS ★ PMS

Match the following List-I (Type of Assets) List-II (Classification/Nature of assets) a. Stock 1. Current asset b. Plant 2. Fixed asset c. Goodwill 3. Intangible asset d. Development Expenses 4. Fictitious asset

Question 13 of 40
★ CSS ★ PMS

Which of the following statement is correct with regard to SICA?

Question 14 of 40
★ CSS ★ PMS

Match the following. List-I List-II a. Central Manufacturing Institute 1. Deals with paper industry b. Central Pulp and Paper Research Institute 2. Deals with pollution control in Indian Tanneries c. Central Leather Research Institute 3. Deals with machine tools d. Electronic Service and Training Centre 4. Deals with training, technical and consultancy services

Question 15 of 40
★ CSS ★ PMS

The difference in the entrepreneurial and managerial domains has contributed towards an increase interest in

Question 16 of 40
★ CSS ★ PMS

According to the Tiwari Committee report, which one of the following is not an internal cause of industrial sickness in India?

Question 17 of 40
★ CSS ★ PMS

All of the following are suitable questions to ascertain product /service desirability except

Question 18 of 40
★ CSS ★ PMS

Which of the following is not a possible route to market entry for a small business owner/entrepreneur?

Question 19 of 40
★ CSS ★ PMS

Which is not the object of 'Entrepreneurial Development Programmes'?

Question 20 of 40
★ CSS ★ PMS

Match the following List-I (Methods of creativity) List-II (Features) a. Brainstorming 1. New product or services b. General group processing 2. Creativity of ideas c. Synectics method 3. Backstop creativity process d. Creative decision-making 4. Discussion about innovation 5. Ranking of ideas

Question 21 of 40
★ CSS ★ PMS

The SSI is a unit employing . . . . . . . . employees when using power and . . . . . . . . employees when not using power and with capital asset not exceeding Rs. . . . . . . . . lakh.

Question 22 of 40
★ CSS ★ PMS

Which one of the following best represents the environment of an entrepreneurial oriented organization?

Question 23 of 40
★ CSS ★ PMS

An entrepreneur who is dominated more by customs, religions, traditions and past practices and he is not ready to take any risk is called as

Question 24 of 40
★ CSS ★ PMS

Personal characteristics to be a successful entrepreneur includes

Question 25 of 40
★ CSS ★ PMS

. . . . . . . . is thought as a creative capital which is exercised to perform economic functions different from other investment vehicles which primarily serve as expansion capital.

Question 26 of 40
★ CSS ★ PMS

The factors of development of Entrepreneurship is based on

Question 27 of 40
★ CSS ★ PMS

Innovation theory includes

Question 28 of 40
★ CSS ★ PMS

Match the following List-I (Type of Enterpreneurship) List-II (Feature) a. Private Enterpreneurship 1. Centre-State role b. State Enterpreneurship 2. Socialists c. Joint Enterpreneurship 3. Mutual cooperation d. Co-operate Enterpreneurship 4. Capitalists

Question 29 of 40
★ CSS ★ PMS

Which of the following. are correct for an entrepreneur? 1. He is an independent person. 2. He makes hislher own decisions. 3. He has the opportunity of realising dreams. 4. He has good financial strength. 5. He has undergone a systematic business training. 6. He has immense job satisfaction.

Question 30 of 40
★ CSS ★ PMS

. . . . . . . . is the practice of starting new organisations or revitalising nature organisations particularly new business generally in response to identified opportunities.

Question 31 of 40
★ CSS ★ PMS

All of the following are essential to maintain secrecy EXCEPT

Question 32 of 40
★ CSS ★ PMS

The social responsibility towards business includes

Question 33 of 40
★ CSS ★ PMS

Which of the following statements are correct? Statement I The first stage in project development process is feasibility. Statement II Feasibility analysis is done after the preparation of business plan. Statement III Feasibility analysis comparison of market, technical operational, organisational and financial analysis.

Question 34 of 40
★ CSS ★ PMS

What are the response of the business in respect of social responsibility?

Question 35 of 40
★ CSS ★ PMS

Micro or Small Enterprise (as defined in the MSMED Act, 2006) may be said to have become sick, if

Question 36 of 40
★ CSS ★ PMS

Which is the concept of entrepreneurship as per 'Thomas Begley' and 'David P. Boyd'?

Question 37 of 40
★ CSS ★ PMS

In some countries, point of purchase displays are not allowed in retail stores. Such differences are studied by international entrepreneurs under . . . . . . . .

Question 38 of 40
★ CSS ★ PMS

Who among the following are associated with the concept of 'Entrepreneurship'? 1. Richard Cantillon 2. Lionel Robbins 3. Adam Smith 4. Jean Baptiste Say 5. Joseph Schumpeter Choose the correct answer

Question 39 of 40
★ CSS ★ PMS

Preparation of a business plan as a pre-requisite to a promotion of a business enterprise, relates to which one of the following?

Question 40 of 40
★ CSS ★ PMS

Entrepreneurial experience becomes increasingly important as

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In competitive commission exams (FPSC, PPSC, KPPSC, SPSC, CSS, PMS), questions are frequently phrased with distractor options designed to catch rote learners. Whenever you answer an MCQ, read the Detailed Academic Explanation and Conceptual Anchor to understand why the remaining options are incorrect.

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