Quiz Questions for Entrepreneurship & Startup

1. Which entrepreneur's net worth surpassed $200 billion in 2022, making them the
richest person in the world?
a) Jeff Bezosl
b) Elon musk
c) Bill Gates
d)Warren Buffett

Answer: b) Elon Musk

2. Which startup, founded in 2010, became the largest IPO in history in 2022, raising
over $29 billion?
a) Uber
b) Airbnb
c) Stripe
d) Rivian

Answer: a) Uber

3. What is the primary goal of entrepreneurship?

a) To create a job for oneself
b) To innovate and create value
c) To make a profit
d) To work for oneself

Answer: b) To innovate and create value

4. Which of the following is a characteristic of a successful entrepreneur?

a) Risk aversion
b) Fear of failure
c) Adaptability
d) Inflexibility

Answer: c) Adaptability

5. Which of the following is a key factor in determining the success of a startup?

a) Funding
b) Marketing
c) Team
d) Idea

Answer: c) Team
 6. What is the name of the stage of the entrepreneurial process where an idea is
generated and developed?
a) Ideation
b) Concept development
c) Product development
d) Launch

Answer: b) Concept development

7. Which of the following is a challenge that entrepreneurs often face?

a) Access to funding
b) Finding talent
c) Managing growth
d) All of the above

Answer: d) All of the above

8. Who is the founder and CEO of OYO Rooms, which revolutionized the hospitality
industry in India?
a) Ritesh Agarwal
b) Sachin Bansal
c) Binny Bansal
d) Anand Mahindra

Answer: a) Ritesh Agarwal

9. Which entrepreneur co-founded Flipkart, one of India's largest e-commerce

companies, which was later acquired by Walmart?
a) Sachin Bansal and Binny Bansal
b) Kiran Mazumdar-Shaw and John Shaw
c) Uday Kotak and Anand Mahindra
d) Bhavish Aggarwal and Ankit Bhati

Answer: a) Sachin Bansal and Binny Bansal

10. Who is the chairman and MD of the Mahindra Group, a leading business
conglomerate in India?
a) Anand Mahindra
b) Uday Kotak
c) Kiran Mazumdar-Shaw
d) Ratan Tata

Answer: a) Anand Mahindra

 11. Who is the founder of Paytm, a leading digital payments company in India?
a) Vijay Shekhar Sharma
b) Bhavish Aggarwal
c) Kunal Shah
d) Deepinder Goyal

Answer: a) Vijay Shekhar Sharma

12. Which Indian startup, founded in 2010, is known for its affordable and convenient
online hotel booking platform?
a) OYO Rooms
b) Zomato
c) Paytm
d) Flipkart

Answer: a) OYO Rooms

13. Which startup, founded in 2011, is India's largest food delivery and restaurant
discovery platform?
a) Zomato
b) Swiggy
c) Ola Cabs
d) Paytm

Answer: a) Zomato

14. Which e-commerce startup, founded in 2007, is known for its wide range of products
and fast delivery options?
a) Flipkart
b) Amazon India
c) Snapdeal
d) ShopClues

Answer: a) Flipkart

15. Which startup, founded in 2015, is India's largest ride-hailing and ride-sharing
platform?
a) Ola Cabs
b) Uber India
c) Meru Cabs
d) Savaari

Answer: a) Ola Cabs

 16. Which ed-tech startup, founded in 2011, is known for its online learning and
education platform?
a) Byju's
b) Unacademy
c) Coursera India
d) Udemy India

Answer: a) Byju's

17. Which of the following is an example of a bootstrapped business?

a) A business that raises funding from venture capital
b) A business that raises funding from angel investors
c) A business that is self-funded by the entrepreneur
d) A business that raises funding from crowdfunding

Answer: c) A business that is self-funded by the entrepreneur

18. What is the term for a business that is started with a small amount of capital and is
designed to grow quickly?
a) Startup
b) Small business
c) Entrepreneurial venture
d) Scalable business

Answer: a) Startup

19. Which Indian startup, founded in 2016, specializes in audio devices and smartwatches
and has become one of the top 5 audio system manufacturers globally?
a) BoAt
b) Paytm
c) Meesho
d) OLA

Answer: a) BoAt

20. Which Indian startup, founded in 2015, is an e-commerce company that allows
businessmen to connect directly with their customers and has become a popular
platform for small and medium-sized enterprises?
a) Meesho
b) BoAt
c) Paytm
d) OLA

Answer: a) Meesho
 21. Which Indian startup, founded in 2010, provides cab services, bike rides, taxis, and
local transportation and has become one of the largest ride-hailing companies in
India?
a) OLA
b) Uber
c) Meru
d) Savaari

Answer: a) OLA

22. Which Indian e-commerce startup, founded in 2007, was acquired by Walmart in
2018?
a) Flipkart
b) Paytm
c) OLA
d) Snapdeal

Answer: a) Flipkart

23. Who is the founder of MakeMyTrip, one of India's leading online travel companies?
a) Deep Kalra
b) Bhavish Aggarwal
c) Vijay Shekhar Sharma
d) Sachin Bansal

Answer: a) Deep Kalra

24. What is the largest startup ecosystem in India?

a) Bengaluru
b) Mumbai
c) Hyderabad
d) Delhi-NCR
Answer: a) Bengaluru

25. Who is the founder of Paytm, one of India's leading digital payment platforms?
a) Vijay Shekhar Sharma
b) Sachin Bansal
c) Bhavish Aggarwal
d) Kunal Bahl

Answer: a) Vijay Shekhar Sharma

26. What is the name of India's first-ever indigenously developed payment app for secure
transactions?
a) BHIM
b) Google Pay
c) PhonePe
d) Paytm

Answer: a) BHIM

27. Which Indian startup is famous for its budget-friendly and feature-rich smartphones?
a) Samsung
b) OnePlus
c) Micromax
d) Apple

Answer: c) Micromax

28. Which Indian startup is known for its online grocery delivery services?
a) Grofers
b) BigBasket
c) Amazon Pantry
d) Flipkart Supermart

Answer: c) BigBasket

29. Which entrepreneur is famous for founding SpaceX, Tesla, and Neuralink?
a) Mark Zuckerberg
b) Jeff Bezos
c) Elon Musk
d) Bill Gates

Answer: c) Elon Musk

30. Who is the founder of Amazon, one of the largest e-commerce companies in the
world?
a) Larry Page
b) Jeff Bezos
c) Elon Musk
d) Tim Cook

Answer: b) Jeff Bezos

31. Which Indian state launched the "Startup India" initiative to promote entrepreneurship
and innovation?
a) Maharashtra
b) Karnataka
c) Telangana
d) Uttar Pradesh

Answer: d) Uttar Pradesh

32. What is the term for the willingness of entrepreneurs to take risks and pursue
opportunities?
a) Creativity
b) Innovation
c) Risk aversion
d) Risk appetite

Answer: d) Risk appetite

33. Which Indian startup is famous for its ride-hailing services and has expanded
internationally?
a) Swiggy
b) Uber
c) Ola Cabs
d) Lyft

Answer: c) Ola Cabs

34. Small scale entrepreneurs have an annual turnover in the range of-
a) Up to Rs. 5crore
b) Rs 5Crore- 75 Crore
c) Rs. 75 Crore-250 Crore
d) None of the above

Answer: c) Rs. 75 Crore-250 Crore

35. The advantage of self-employment is-

a)Flexible working hours
b)Freedom to choose the type of work
c)High potential to enhance income
d)All of the above

Answer: d) All of the above