MCQs For NCERT Class 12 Entrepreneurship With Answers

Students can refer to the below MCQs for Class 12 Entrepreneurship with Answers provided here as per the chapters given in NCERT covering available for all important topics which are given in each chapter which will be very useful for students who are preparing for upcoming examinations. We have provided MCQ based questions and PDFs based on the latest CBSE and NCERT curriculum, examination pattern, and expected question paper pattern issued this year.

Class 12 Entrepreneurship MCQs with Answers

You can click on the link below for each chapter below given as per NCERT Book for Class 12 Entrepreneurship to get free multiple choice questions with solutions. These MCQs have been prepared by the Entrepreneurship teacher after thorough research on types of questions that are expected to come in Class 12 examinations. Go through the questions and then compare your answer with the solutions provided by us.

MCQ Questions for Class 12 Entrepreneurship

Class 12 Entrepreneurship MCQs

Question.Identify the third element in the innovation process from the given options.
(a) Resource organisation
(b) Commercial application
(c) Implementation
(d) Analytical planning

Question. The scope of the company form of organisation is determined by
1. The Companies Act 2013
2. Memorandum of Association
3. Articles of Association
(a) Only 1
(b) Both 1,2 
(c) Only 2
(d) All 1,2,3

Question. An economic idea which can be implemented to create a business enterprise and earn profits must possessed with
1. Practicability of the idea
2. Competence of the entrepreneur to encash it
3. Potential of future growth
(a) Only 1
(b) 1 and 2 only
(c) 1 & 2 and C
(d) 2 & 3 only

Question. Which of the following feature applies ONLY to a public company?
(a) Can Start business after incorporation 
(b) Has a restriction up to 200 members 
(c) Can invite public to subscribe for its shares
(d) Directors are not required to obtain qualification shares.

Question. An entrepreneur prefers which form of organisation if production is to be undertaken on small scale basis ?
(a) Sole Trade
(b) Partnership
(c) Company
(d) None of the above

Question. Calculation of Break even Point is useful for the entrepreneur as it helps in assessing: 
(a) The maximum level of output to be produce(d)
(b) The effect of change in quantity of input upon the production.
(c) The cost price of the product.
(d) The profitable options in line of production.

Question. An idea should eventually lead to success of the venture of an entrepreneur. Which among the following ideas will an entrepreneur have to select? 
(a) Basic idea
(b) Any random idea
(c) Idea developed before environmental scanning
(d) Idea developed after environmental scanning

Question. Business opportunity relates with……
(a) Commercially feasible projects
(b) Personal feasible projects
(c) Neither (a) nor (b) above
(d) None of the above

Question. Which of the following factors are involved in sensing opportunities?
1. Ability to perceive and preserve basic ideas 
2. Ability to read the environment
3. Ability to assess the environment
4. Ability to harness different sources of information 
(a) 1 ,2 only 
(b) 1 only 
(c) 1, 4 only 
(d) 1, 2, 3, only

Question. Bhawna, Maya, and Advik’s interior design business was taking off in a big way. Their talent was in high demand Now, the trio needed to hire more employees. Since the needs of their company were changing, they reviewed their personal circumstances, finances, and goals. They decided to legally organize their organization into one with a limited liability. Identify the type of organization the trio will form. 
(a) Partnership
(b) Public Company
(c) Private Company
(d) Company

Question. Which of the following formats of business plan is not targeted towards the external stakeholder?
(a) Elevator pitch
(b) A pitch deck with oral narrative
(c) A written presentation for external stakeholders
(d) An internal operational plan

Question. Lakshmi Menon was troubled to see the huge waste generated by the scrap material left behind after stitching Personal Protective Equipment (PPE) gowns. These scrap materials could not be recycled easily. When she saw this problem, she thought of a solution also. It was to make lightweight bedrolls made from the scraps of the material. The bedrolls were cheap and durable and within a short span of time, demand for these bed rolls increased tremendously. What concept is involved in the above case study?
(a) Environment Scanning 
(b) Problem Identification
(c) Trend spotting
(d) Market assessment

Question. The use of informal networks by entrepreneurs to gather information is known as _______.
(a) Secondary research.
(b) Entrepreneurial networking.
(c) Informal parameters.
(d) Marketing

Question. Which of these statements best describes the context for entrepreneurship?
(a) Entrepreneurship takes place in small businesses.
(b) Entrepreneurship takes place in large businesses.
(c) Entrepreneurship takes place in a wide variety of contexts.
(d) Entrepreneurship does not take place in social enterprises.

Question. Madhu Chandan started the first Organic Mandya store in 2015 on the Bengaluru – Mysuru highway. Today it has grown into a Rs 25 crore turnover organic retail chain with eight stores. By buying the agricultural products from the farmers and selling them at ‘Organic Mandya’ stores, Madhu has not only provided a direct market to the farmers, but also has built a Rs 25 crore turnover organic retail chain. Which idea field has Madhu Chandan taken up?
(a) Natural resources
(b) Service sector
(c) Trading related
(d) Existing products or services

Question. Arvind planned to start a small fast-food joint in his area after finishing his degree in hospitality management. His plan was to combine and use healthy ingredients like whole wheat flour to make the burger buns. He knew that he had to start collecting information from different sources which will help him to identify the right opportunity to start his business. From where will Arvind get the necessary information?
(a) Magazines
(b) Shows
(c) Family Members
(d) All of the above

Question.‘Umbrella branding’ is? 
(a) Entrepreneur opts to use a common or successful family name for their several products.
(b) Entrepreneurs choose to utilise their corporate name or logo together with some brand names of individual products. 
(c) Entrepreneur uses alpha-numeric names to signify physical characteristics of the product. 
(d) Entrepreneur chooses distinct names for each of his offerings

Question. Both mergers and acquisitions are enterprise growth strategies but how they come into existence makes them different from each other. Which of the given statements below justifies the given statement?
(a) Merger is always friendly, whereas acquisition is always hostile.
(b) Merger may be friendly, whereas acquisition is always hostile.
(c) Merger is always depending on synergy, whereas acquisition is never based on synergy.
(d) Merger is consensual, whereas acquisition is forced.

The importance of MCQs For NCERT Class 12 Entrepreneurship has been increasing in the Class 12 examination. More and more questions with multiple choice have started coming in Class 12 examinations, thus it’s important for students to practice as many MCQs as possible given on our website. These choice based questions have been developed after careful study of Entrepreneurship textbook issued by NCERT and study of all important topics. Students have always been advised by teachers to go through as many MCQs as possible prior to the examination to make sure they have a thorough understanding of each topic and are able to get good scores in their exams.

Our Entrepreneurship teachers for class 12 have done a great amount of work in developing these questions and providing you solutions. Class 12 students should go through these questions and also for other subjects in Class 12 given on our website. This will help the students to gain a full understanding of each and every important topic in the chapters which you are currently studying.

Advantages of MCQs for Class 12 Entrepreneurship

a) More MCQ based questions have started coming in Class 12 Entrepreneurship examinations thus increasing its importance

b) Multiple Choice Questions for Entrepreneurship Class 12 should be practiced daily to make sure all points in a chapter are covered thoroughly.

c) Daily practicing MCQs will help you to gain an understanding of very minor topics given in each chapter of Entrepreneurship so that you have a strong understanding of everything given in each chapter

d) Though the MCQs can be tricky but if you practice as many multiple choice as possible then you will definitely give correct answers

We provide Free PDFs of MCQs in CBSE Class 12 Entrepreneurship which have been developed as per the latest syllabus and curriculum issued by CBSE, NCERT and KVS.