Pass This Test And You Are Almost An Entrepreneur

15 Questions | Total Attempts: 13

SettingsSettingsSettings
Please wait...
Entrepreneur Quizzes & Trivia

An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. Pass this test and you are almost an Entrepreneur!


Questions and Answers
  • 1. 
    Full Name
  • 2. 
    PF Number
  • 3. 
    Domicile Branch
  • 4. 
    What is entrepreneurship
    • A. 

      Doing business

    • B. 

      Ability to exchange money for goods and services

    • C. 

      Starting a business

    • D. 

      The process of identifying a business opportunity,mobilize resources and start a business with aim of making profit

  • 5. 
    Which of the following is not a quality of a good entrepreneur?
    • A. 

      Passionate about their business

    • B. 

      Able to manage finances

    • C. 

      Have high appetite for risk.

    • D. 

      Love money

    • E. 

      Is goal oriented

  • 6. 
    Out of  the following statements below which one  is not importance of having entrepreneurship skills and knowledge as a credit officer
    • A. 

      To serve the customers better.

    • B. 

      To start own business

    • C. 

      To be a resource to the customers and fellow colleagues in identifying business potentials.

    • D. 

      To make informed decisions in regard to financial needs of customers

    • E. 

      To be relevant to the customers I serve( Being in their shoes)

  • 7. 
    Which of the following is a challenge facing entrepreneurs?
    • A. 

      Poor cash flow management

    • B. 

      Poor business management skills

    • C. 

      Poor costing

    • D. 

      Lack of markets

    • E. 

      All of the above

  • 8. 
    An entrepreneur always tries hard to beat his competitors and win the competition
    • A. 

      True

    • B. 

      False

  • 9. 
    The only way to solve entrepreneur challenges is by giving them finances
    • A. 

      True

    • B. 

      False

  • 10. 
    An entrepreneur always does his tasks in a calm way because when in hurry he can never offer the best to customers
    • A. 

      True

    • B. 

      False

  • 11. 
    A good business Idea tells you
    • A. 

      Which need the business fulfills for customers

    • B. 

      What product or service the business sells

    • C. 

      Who the business target customers are?

    • D. 

      How the business serves its customers?

    • E. 

      Impact of Business  operations  to the  environment

    • F. 

      All of the above

  • 12. 
    Which of the following are NOT sources of business ideas
    • A. 

      Entrepreneur's talents and hobbies

    • B. 

      Entrepreneur's skills and experiences

    • C. 

      Available resources

    • D. 

      Trends and fashion

  • 13. 
    Which Business environment should an entrepreneur be aware of
    • A. 

      Economic environment

    • B. 

      ​​​​​​Political environment

    • C. 

      ​​​​​​Social environment

    • D. 

      ​​​​​Legal environment

    • E. 

      ​​​​Technological environment

    • F. 

      All of the above

  • 14. 
    Which of the following is not a characteristic of a good business idea
    • A. 

      ​​​​​Profitable

    • B. 

      ​​​​​Innovative and Unique (Differentiated)

    • C. 

      ​​​​​​Scalable into a large business

    • D. 

      ​​​​​​Sustainable in terms of market demand and resources

    • E. 

      ​​​​Idea you have a Passion for.

    • F. 

      Break even point

  • 15. 
    True or false, A good business idea is one that Solves a Problem in a likable manner
    • A. 

      True

    • B. 

      False

Back to Top Back to top