20 Important Questions on Entrepreneurial Skills AI Class 10 Term 2

1. Which of these is not a function of an Entrepreneur ?

1. Risk-taking
2. Innovation
3. Organization building and management
4. Imbalance

2. Entrepreneurs generate

1. Generate employement
2. Income and wealth
3. Improve the overall standard of living
4. All of the above

4. Which of these is not a business activity ?

1. Service
2. Manufacturing
3. Creativity
4. Merchandising

5.Amul (White revolution in India) is an example of which of these business enterprises

1. Sole proprietorship
2. Partnership
3. Cooperative society
4. Joint stock company

6. An organisation or Enterprising entity engaged in commercial,industrial or professional activities is known as

1. Service
2. Business
3. Merchandising
4. None of these

7. Ravi’s customer comes to his store and starts shouting at him. He does not get angry. He listens to what his customer is saying. He is ____________.

1. Hardworking
2. Confident
3. Patient
4. Prying new ideas

8. Susheela decides to sell her company tyres in Sri Lanka.It does not sell and she has a loss. She apologises to the people who work for her. She says she will plan better next time. She _______________________.

1. Takes responsibility for her mistakes
2. Thinks before making a decision
3. Does not give up
4. Is creative

9. Hybrid is a type of business/company which

1. Provides products with no physical form
2. Is a buy and sell business
3. Is a mixed type of business
4. None of these

10. Entrepreneurial skills helps

1. to develop ability to handle failiure
2. in making difference to the society
3. to develop critical thinking
4. all the above

11. The money used to start a business is called

1. start up
2. capital
3. business money
4. none of the above

12. The role and benefits of entrepreneurship are

1. Social development
2. Improved standard of living
3. Optimal use of resources
4. All of these

13. Which one of these is not a step to start a business

1. Business idea
2. Getting money and material
3. Understanding customer needs
4. Trade services

14. Mary buys bulbs for her business from Noida. She learns that bulbs are cheaper in Faridabad. So, she decides to start buying bulbs from there. select the correct business activity

1. Makes decisions
2. Divides income
3. Takes risk
4. Makes new product

15. ____________ are people who work for a person or organisation and get paid for their work

1. Self employed
2. Wage employed
3. Both of these
4. None of these

16. Select the type of business where more than one person carry a lawful business and share its profits.

1. Sole proprietorship
2. Joint stock company
3. Partnership
4. Self employed

17. Mahesh a young man sells hot vadas and bujjis near a park in the evenings . Everyone like the snacks sold by him and he earns good money for a comfortable living. the type of business he runs is

1. Wage employed
2. Partnership
3. Sole proprietorship
4. None of these

18. The process of creating something new is called:

1. Creative flexibility
2. Management
3. Business
4. Innovation

19. Which could provide an individual with the motivation to start a new business venture?

1. The financial rewards.
2. A desire to be independent.
3. challenges
4. All the above.

20. The inculcation,development and polishing of entrepreneurship skills in a person to enable him to establish and successfully run an enterprise is

1. Psychological development
2. Social development
3. Entrepreneurship development
4. Economic development