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100+ Free CHSE Odisha Fundamentals of Entrepreneurship Practice Questions

Council of Higher Secondary Education, Odisha (CHSE Odisha) Higher Secondary (+2) Commerce Elective — Fundamentals of Entrepreneurship (Group-II Year 1) practice questions are available now; exam metadata is being verified.

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2026 Statistics

Key Facts: CHSE Odisha Fundamentals of Entrepreneurship Exam

Group-II Y1

Fundamentals of Entrepreneurship is Year-1 elective paired with Management Accountancy Year 2

CHSE Odisha Commerce Courses of Studies scheme of studies

100 marks

Year-1 Fundamentals of Entrepreneurship theory paper (elective line 200 across two years)

CHSE Odisha Commerce Courses of Studies

4 units

Entrepreneur; Selection of Enterprise; Institutional Support; Competencies & EDP

CHSE Odisha Commerce Courses of Studies — Fundamentals of Entrepreneurship Paper-1

College Y1

Year-1 written assessment typically at college level under CHSE scheme

CHSE Odisha scheme of studies (first-year college / second-year Council pattern)

In session fee

No separate elective marketplace fee; included in notified higher secondary exam fees

CHSE Odisha fee structure via colleges

CHSE Odisha Fundamentals of Entrepreneurship is the +2 Commerce Group-II Year-1 elective (100 marks; Management Accountancy Y2 pair). College Year-1 assessment applies. This free 2026 bank is an English MCQ study adaptation of traits, MSME, project, finance, institutions, and schemes—not a full official-format simulation.

Sample CHSE Odisha Fundamentals of Entrepreneurship Practice Questions

Try these sample questions to test your CHSE Odisha Fundamentals of Entrepreneurship exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1In CHSE +2 Fundamentals of Entrepreneurship, an entrepreneur is best described as a person who:
A.Only buys government bonds and never starts a firm
B.Identifies a business opportunity, organises resources, takes calculated risk, and starts or runs an enterprise for profit and growth
C.Only follows fixed instructions as a junior clerk with no risk
D.Only collects taxes for the government
Explanation: An entrepreneur initiates and manages a venture by combining opportunity, resources, and risk-bearing to create value and earn rewards.
2Which set best lists essential qualities (traits) of a successful entrepreneur?
A.Only skill at destroying team morale
B.Initiative, risk-taking ability, innovativeness, leadership, persistence, and self-confidence
C.Only fear of every decision and refusal to learn
D.Only ability to avoid all customers forever
Explanation: Standard +2 entrepreneurship texts emphasise initiative, calculated risk-taking, innovation, leadership, persistence, and confidence as core entrepreneurial traits.
3The 'charms of being an entrepreneur' mainly refer to:
A.Guaranteed zero work and unlimited free government salary forever
B.Freedom from all legal and tax obligations by default
C.A promise that failure is impossible
D.Independence, opportunity for creativity, potential for higher income, social recognition, and self-actualisation
Explanation: Syllabus language on 'charms' of entrepreneurship points to autonomy, creative challenge, economic reward, status, and personal fulfilment—not guaranteed ease or immunity from rules.
4Which of the following is an economic factor affecting entrepreneurial growth?
A.Availability of capital, raw materials, market demand, and infrastructure
B.Only the entrepreneur's personal hobbies with no market link
C.Only the colour of the factory gate paint
D.Only the number of holidays in a personal diary
Explanation: Economic growth factors include capital supply, inputs, demand, and physical infrastructure that enable enterprise formation and expansion.
5A non-economic factor affecting entrepreneurial growth is:
A.Only the bank interest rate with no social context
B.Only international oil futures with no local society
C.Social attitudes toward business risk, education and training levels, and cultural support for enterprise
D.Only the wholesale price of steel in isolation from people and culture
Explanation: Non-economic factors include social norms, education, culture, and values that encourage or discourage people from becoming entrepreneurs.
6Government policy affects entrepreneurial growth primarily by:
A.Replacing all entrepreneurs with robots by law in every sector automatically
B.Making raw materials free for only foreign tourists
C.Shaping incentives, regulation, industrial policy, taxation, and ease of doing business that encourage or constrain new enterprises
D.Eliminating the need for any market demand
Explanation: Unit-I lists government policy among growth factors: subsidies, licensing/regulatory climate, tax treatment, and support schemes influence start-up rates and survival.
7Compared with a pure manager in a large firm, an entrepreneur typically:
A.Bears personal ownership risk and residual profit/loss, while a hired manager mainly executes within given ownership and salary incentives
B.Never makes decisions of any kind
C.Always refuses innovation by definition
D.Is legally barred from using any resources
Explanation: Entrepreneurs combine ownership (or founding) risk with initiative; managers primarily coordinate resources for owners under employment contracts.
8Intrapreneurship refers to:
A.Only government tax collection procedures
B.Only agricultural land surveying methods
C.Entrepreneurial initiative, innovation, and opportunity pursuit by employees inside an existing organisation
D.Only starting a brand-new independent company outside any firm
Explanation: Intrapreneurs act entrepreneurially within corporations—new products, processes, or ventures—while remaining employees of the parent organisation.
9Joseph Schumpeter’s view links entrepreneurship most strongly to:
A.Innovation—introducing new products, methods, markets, sources, or organisational forms that disrupt routine economic life
B.Only mechanical bookkeeping without change
C.Only avoiding all new ideas forever
D.Only copying failed products with no improvement
Explanation: Schumpeterian entrepreneurship centres on creative destruction through innovation that recombines resources and transforms markets.
10According to common Danhof-style classifications used in Indian entrepreneurship texts, a Fabian entrepreneur is one who:
A.Always invents radical products before anyone else
B.Never runs any business activity of any kind
C.Only works as a central bank governor
D.Is cautious and imitative, changing only when survival is threatened, unlike highly innovative pioneers
Explanation: Fabian entrepreneurs are conservative followers who adopt change slowly; innovating entrepreneurs lead change, while drone types resist change even at risk of loss.

About the CHSE Odisha Fundamentals of Entrepreneurship Practice Questions

Verified exam format metadata for Council of Higher Secondary Education, Odisha (CHSE Odisha) Higher Secondary (+2) Commerce Elective — Fundamentals of Entrepreneurship (Group-II Year 1) is pending. The practice questions above remain available while official exam length, timing, passing score, fee, and administrator details are reviewed.