Q.1 What is the primary driver for an entrepreneur to start a new business?
Financial gain
Social recognition
Curiosity
Government incentives
Explanation - Financial gain or profit is often the main motivating factor that drives entrepreneurs to establish and grow their businesses.
Correct answer is: Financial gain
Q.2 Which of the following best describes intrinsic motivation for entrepreneurs?
Desire to earn money
Passion for the work
Tax benefits
Avoiding unemployment
Explanation - Intrinsic motivation comes from within the entrepreneur, such as personal satisfaction, passion, and the joy of doing the work itself.
Correct answer is: Passion for the work
Q.3 Which type of motivation is related to external rewards like money or recognition?
Intrinsic
Extrinsic
Internal
Spiritual
Explanation - Extrinsic motivation comes from outside the individual, such as financial incentives, awards, or social recognition.
Correct answer is: Extrinsic
Q.4 Which psychological factor often encourages an entrepreneur to take risks?
Fear of failure
Self-confidence
Overcautiousness
Indecisiveness
Explanation - Self-confidence enables entrepreneurs to take calculated risks, believing in their ability to succeed despite uncertainties.
Correct answer is: Self-confidence
Q.5 What is one key difference between an entrepreneur and a regular employee in terms of motivation?
Entrepreneurs are always motivated by money
Employees have no motivation
Entrepreneurs seek autonomy and challenges
Employees prefer high risks
Explanation - Entrepreneurs are often motivated by the desire for independence, innovation, and taking on challenges that employees may avoid.
Correct answer is: Entrepreneurs seek autonomy and challenges
Q.6 Achievement motivation in entrepreneurs is the desire to:
Avoid responsibilities
Gain social approval
Accomplish challenging goals
Earn easy money
Explanation - Achievement motivation drives entrepreneurs to set high standards and strive to meet them, pushing themselves to accomplish challenging objectives.
Correct answer is: Accomplish challenging goals
Q.7 The need for recognition can motivate entrepreneurs to:
Start new ventures
Avoid leadership roles
Reduce work effort
Ignore competition
Explanation - Entrepreneurs may be motivated by the desire for recognition and status, leading them to create successful and visible businesses.
Correct answer is: Start new ventures
Q.8 Which of the following best illustrates a social motivation for entrepreneurship?
Desire to help the community
Earning higher profit
Winning awards
Expanding globally
Explanation - Social motivation comes from wanting to make a positive impact on society, such as through community services or socially responsible businesses.
Correct answer is: Desire to help the community
Q.9 High risk-taking ability in entrepreneurs is often linked to:
Fear of failure
Achievement motivation
Low confidence
Financial security
Explanation - Entrepreneurs with strong achievement motivation are more willing to take risks to accomplish challenging goals and succeed.
Correct answer is: Achievement motivation
Q.10 Which type of motivation is more sustainable for long-term entrepreneurial success?
Extrinsic
Intrinsic
Situational
Random
Explanation - Intrinsic motivation, such as passion and personal satisfaction, tends to sustain entrepreneurs over the long term compared to external rewards alone.
Correct answer is: Intrinsic
Q.11 An entrepreneur who enjoys solving problems and innovating is primarily driven by:
Money
Curiosity and creativity
Status
Peer pressure
Explanation - Such entrepreneurs are intrinsically motivated by their interest in innovation, exploration, and problem-solving.
Correct answer is: Curiosity and creativity
Q.12 Which of the following is an internal motivator for entrepreneurs?
Market trends
Personal growth
Government incentives
Client demand
Explanation - Internal motivators come from within the entrepreneur, such as the desire to develop skills, knowledge, and personal capabilities.
Correct answer is: Personal growth
Q.13 Financial independence as a motivation encourages entrepreneurs to:
Depend on others
Reduce work effort
Start businesses to earn self-reliance
Avoid risk
Explanation - The desire for financial independence drives entrepreneurs to create their own ventures and reduce dependency on others.
Correct answer is: Start businesses to earn self-reliance
Q.14 Which factor is considered a personal motivator in entrepreneurship?
Competitor pressure
Profit maximization
Self-fulfillment
Government policy
Explanation - Personal motivators relate to achieving personal satisfaction, self-actualization, and a sense of purpose.
Correct answer is: Self-fulfillment
Q.15 The desire to be one's own boss is a form of:
Social motivation
Intrinsic motivation
External pressure
Peer influence
Explanation - Entrepreneurs often start businesses to gain autonomy and independence, which is an intrinsic motivator.
Correct answer is: Intrinsic motivation
Q.16 Motivation based on fear of unemployment is considered:
Intrinsic
Extrinsic
Positive
Negative
Explanation - Fear-based motivation is negative as it is driven by avoidance rather than passion or desire to achieve.
Correct answer is: Negative
Q.17 Recognition from peers and society as a motivator is classified as:
Intrinsic
Extrinsic
Internal
Self-driven
Explanation - This is an external motivator because it depends on acknowledgment and approval from others.
Correct answer is: Extrinsic
Q.18 Which of the following best exemplifies achievement motivation?
Avoiding failure at work
Starting a business to meet personal goals
Working only for salary
Copying competitors
Explanation - Achievement motivation is demonstrated when entrepreneurs aim to accomplish meaningful goals and personal success.
Correct answer is: Starting a business to meet personal goals
Q.19 An entrepreneur motivated by social change is likely to:
Focus solely on profit
Ignore societal needs
Create ventures that impact communities
Avoid risks entirely
Explanation - Socially motivated entrepreneurs aim to address societal issues while creating sustainable businesses.
Correct answer is: Create ventures that impact communities
Q.20 Curiosity as a motivator in entrepreneurship often leads to:
Innovation and experimentation
Profit reduction
Avoiding challenges
Dependence on others
Explanation - Curiosity drives entrepreneurs to explore new ideas, experiment with solutions, and innovate.
Correct answer is: Innovation and experimentation
Q.21 Which of the following motivates entrepreneurs to improve their skills continuously?
Fear of peers
Learning and self-development
Financial penalties
Government rules
Explanation - Entrepreneurs with intrinsic motivation pursue continuous learning to enhance their knowledge and competence.
Correct answer is: Learning and self-development
Q.22 A strong need for achievement in entrepreneurship is associated with:
Avoiding risk
Low standards
Goal setting and perseverance
Dependency on others
Explanation - Entrepreneurs with high achievement needs are goal-oriented, persistent, and willing to overcome challenges to succeed.
Correct answer is: Goal setting and perseverance
Q.23 The desire to leave a legacy or make a mark in the business world is an example of:
Extrinsic motivation
Intrinsic motivation
Situational motivation
Random motivation
Explanation - Leaving a legacy reflects internal drives and personal goals beyond external rewards, making it intrinsic motivation.
Correct answer is: Intrinsic motivation
Q.24 Which of the following is most likely to increase entrepreneurial motivation?
Frequent failure without feedback
Clear goals and rewards
Lack of autonomy
Restrictive environment
Explanation - Providing clear objectives and recognition boosts both intrinsic and extrinsic motivation for entrepreneurs.
Correct answer is: Clear goals and rewards
Q.25 An entrepreneur motivated primarily by passion for a product is displaying:
Financial motivation
Intrinsic motivation
Social motivation
Fear-based motivation
Explanation - Passion for the product itself is an internal drive, demonstrating intrinsic motivation.
Correct answer is: Intrinsic motivation