List of top Entrepreneurship Questions asked in CUET (UG)

Choose the correct sequence to convert an idea into a sound business opportunity:
(A) Application and use
(B) Technical complexity and annual turn over
(C) Cost and competition
(D) Level of operation
(E) Product identification
Choose the correct answer from the options given below:

A prospective entreprenuer has to find an opportunity which would be suitable for him/her in terms of customers to be served and profits expected. Suggest the correct sequence to convert idea into an enterprise.
(A) Identifying a product or service through innovation
(B) Setting up a project and nurturing it to success
(C) Opportunity spotting by analysing the needs and problems that exist in the Environment
(D) Evaluating the ideas received to from different sources find a creative solution
Choose the correct answer from the options given below:

Rajat manufactures toys. He has developed a trend to visit schools and talk to the students regarding their likes and dislikes of various toys. Based on this information he designs new toys for kids. Identify the type of trend spotting used by Rajat.

Jaspreet sold his play station on OLX and got a profit of ₹5000. When he told his friend about his business, his friend informed him that what he did was not business even though he earned profit. Identify the feature that was missing that did not make Jaspreet's transaction into business.

This is the step of creative process Where the idea is verified to from that it has value. Identify the step of creative process from the following:

The verification step in creativity process is also known as_______.

The minimum number of persons required to start a private company is :

Select the correct process- A process of converting an idea into an opportunity and then into an enterprise.

Identify the concept that helps an entrepreneur to enlarge the scope of thinking for streamlining the process of generation of idea awarding to ionvenient frames of ruefulness.

An entrepreneur should make every effort to prepare a comprehensive and detailed marketing plan as a component of business plan. Choose the right sequence to preparation.
(A) Identify the target market
(B) Establish goals
(C) Define marketing strategy
(D) Conduct SWOT analysis
(E) Business situation analysis
Choose the correct answer from the options given below:

Characteristics of a company includes:
(A) Voluntary association
(B) Artificial person
(C) Unlimited liability
(D) Individual ownership
(E) Sole beneficiary
Choose the correct answer from the options given below :

Requirements for transportation and communication facilities, modes and means opted for, bottlnecks etc. are duly covered in by the business plan. Identify the component of business plan that covers these requirements?

Rajat wanted to setup his own business but he did not have the required funds. He was also not able to set up a meeting with the investors to explain his project. One day he was able to give a short summary of the project to the investors in the elevator. This awaken the interest of the investor. Identify the format of a business plan used by Rajat.

Identify the correct statement that can be used to explain the word 'Patent':

Match List-I with List-II.

List-I		List-II
(A)	Single ownership	(I)	Two heads being better than one
(B)	Partnership	(II)	Creation of Law
(C)	Company	(III)	Modern form of business organization emerged to meet the requirement of large sized business
(D)	Joint Stock Company	(IV)	One man control is best in the world if that man is enough to manage everything

Choose the correct answer from the options given below:

Suggest the factor which will not be considered while planning the product mix for a business organization.

Which of the following components of sales strategy creates brand awareness by using various marketing channels?
(A) Business Plan
(B) Pricing
(C) Product placement
(D) Promotions
(E) Indirect sales
Choose the correct answer from the options given below:

Big firms adopt this channel to cut distribution costs and to sell industrial products of high Value?
Identify the type of channel of distribution highlighted in the statement from the following:

Which of the following is not an approach, a company can choose to promote its products?

Mohit is manufacturing and selling noodles and sauces under the brand name 'Basanť. Now he wants to sell masalas under the same brand name. Identify the type of brand name 'Basant' is:

Which of the following helps to communicate an enterprise's goals, mission, target and so much more?

A company is created by law and exists as a person having a distinct personality of its own. The scope of this artificial person is determined by certain parameters. Any work done beyond these documents can lead to winding up of the process of the company. Identify the document that does not determine the scope of the company?

Identify the advantage of penetration pricing to the firm:

Match List-I with List-II.

List-I		List-II
(A)	Trade mark	(I)	It identifies and distinguishes the source of a service rather than a product
(B)	Brand mark	(II)	It is a word phrase symbol that identifies and distinguishes the source of goods
(C)	Service mark	(III)	That part of a brand which can be vocalized
(D)	Brand name	(IV)	It is that part of a brand which can be recognized but can not be vocalized

Choose the correct answer from the options given below:

The BIFR declared a government company as a sick industry. The government decided to sell them to the private sector. Gaurav purchased the public company. Identify the type of Acquisition done.