List of top Innovation & Entrepreneurship Questions on Business and Economy

Entrepreneurship can be best described as

Given below are two statements :
Statement I : Venture capital firms are usually organized as limited partnerships.
Statement II : Venture capitalist is a money manager who is involved in making risk investments from equity capital with the objective of gaining better returns.
In the light of the above statements, choose the most appropriate answer from the options given below

Given below are two statements:
Statement I: Urbanization around the world is an, opportunity to innovate.
Statement II: Urbanization around the world is an issue because of overpopulation.
In the light of the above statements, choose the most appropriate answer from the options given below

Which of the following characteristics belong to the low-end disruptive innovation?

Which type of innovation seeks to make a better product to target the high-end of the market?

Match List I with List II

List I (Profession)	List II (Task‐ Outcome)
(A) Entrepreneur	(i) Utility Maximization
(B) Manager	(ii) Get the work done
(C) Retailer	(iii) Calculated Risk taking
(D) Customer	(iv) Value Addition

Choose the correct answer from the options given below:

Founders translate company ideas into business model hypotheses, test assumptions about customers’ needs, and then create a ______________to try out their proposed solution on customers.

A professional or manager who takes a new initiative for his/her organisation and establish a new distinct business unit for the same organisation can appropriately be referred as:

Which one of the following factors is not relevant for judging the adequacy of market?

Document that projects the income, expenses, and profits of a business over a multi‐year period

Given below are two statements:
Statement I : Ideas should not be examined for their real‐life use and application.
Statement II : Business opportunity can be described as an economic idea that can be implemented to create business enterprises and earn profits. In light of the above statements, choose the correct answer from the options given below

Which one of the following Ministry publishes the Economic Survey of India?

Which country is No 1 in ease of doing business from last four years from 2017?

The process of gathering information about market or socio-economic trends is called

Someone legally appointed to sell off the assets of a bankrupt firm is called

Ru Pay has been launched by

Mixed Economy refers to

Who has launched the UPI-based payments app in the country by the name of "Tez'?

The legal term for brand is:

Market segments should compromise of customers who:

A business where an individual is both the owner and conductor of the business affairs is called

Which of the following is NOT included in the financial section of a business plan?