By Rakesh Nimbole

IT 402 · Class 10 Employability Skills
CBSE CLASS 10 · ENTREPRENEURIAL SKILLS-II · UNIT 4

Test your
enterprise.

50 curriculum-mapped multiple choice questions covering society roles, customer demand, entrepreneurial qualities, core functions, myth-busting, and the Enter-Survive-Grow career process. Select an option for instant feedback.

SELF-CHECK QUIZ · 50 QUESTIONS · INSTANT FEEDBACK · NO NEGATIVE MARKING

Master Entrepreneurial Concepts

Every question is crafted according to NCERT Unit 4 and the official CBSE Sample Question Paper. Immediate explanations accompany every selection to reinforce learning before board examinations.

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1. What type of employment is entrepreneurship categorized under?

2. An entrepreneur must be ready to take a ____________ and remain open to new ideas to grow their business.

3. Which of the following people is considered a wage-employed person?

4. A doctor who starts her own private consultation clinic is categorized as:

5. In the plant shop example, why is Ramya called an entrepreneur while Ramu is called a businessman?

6. Where do entrepreneurs primarily conduct their buying and selling activities?

7. Basic biological necessities essential for survival (such as water, plain food, and shelter) are called:

8. Desires for specific items that satisfy a basic need, shaped by personal taste and culture, are called:

9. Customer wants that are backed by the willingness and financial ability to pay are defined as:

10. How do entrepreneurs help lower the prices of products in society?

11. In the textbook story, what demand did Bharti identify in her village in Bihar?

12. Which local raw material did Bharti purchase from native farmers for Manavi Natural Handicrafts?

13. How did Bharti's enterprise directly help the women in her village?

14. How do entrepreneurs contribute to the "Sharing of Wealth" in an economy?

15. Aditi runs a shampoo shop, buys wholesale from a local woman, and employs two local men. Aditi is:

16. A distinctive characteristic or way in which an individual acts and behaves is known as a:

17. Believing in oneself, one's abilities, and one's business decisions reflects which entrepreneurial quality?

18. An entrepreneur who stays dedicated during initial months when revenues are slow because they know success takes time is:

19. When an entrepreneur's initial business idea fails, what is their characteristic reaction?

20. Finding creative and innovative solutions to common problems demonstrates which entrepreneurial quality?

21. In the story of Zafar, when he made a business mistake, what did he say?

22. Evaluating the pros and cons of an opportunity before committing resources demonstrates:

23. Working dedicated long hours, including weekends, to build and expand an enterprise demonstrates:

24. Facing business obstacles with resilience and a positive mindset without quitting reflects which quality?

25. Can employees working in a company or factory be entrepreneurial?

26. What is meant by the "Functions" of an entrepreneur?

27. Deciding what to produce, how much to produce, and where to sell represents which function?

28. Arranging raw materials, hiring personnel, delegating work, and monitoring plans is which function?

29. Allocating business revenue to purchase supplies, pay rent, and disburse employee wages represents:

30. Ali owns a diamond cutting factory and pays his workers on the 1st of every month. Which function is this?

31. Mary learns lightbulbs are cheaper in Faridabad than Noida and decides to purchase from Faridabad. She is:

32. Rehnuma spends one hour every day with her team to review their completed work. She is:

33. The chance of unexpected loss from fires, theft, or changing market conditions is defined as:

34. Constantly exploring new production methods, eco-friendly packaging, or novel products represents:

35. What is a myth or misconception?

36. Which of the following is a common misconception about entrepreneurship?

37. Ganesh started a car rental company and added luxury cars (Mercedes and BMW) to stand out. His story proves:

38. What is "Capital" in entrepreneurship?

39. Which statement disproves the myth that you need massive capital to start a business?

40. Kashish started his successful lightbulb shop with ₹50,000 borrowed from his family. His case proves that:

41. Sheila drove a taxi and added value by offering daily newspapers, a small TV, and emergency hospital contact numbers. Sheila is:

42. Sheila's successful taxi business disproves which major misconception?

43. Which statement refutes the myth that "Entrepreneurs are born, not made"?

44. A chosen line of work or occupation that an individual pursues over their adult lifetime is called a:

45. What is the first stage in the entrepreneurial career lifecycle?

46. In the "Enter" stage of an enterprise, what is the founder's primary focus?

47. In the "Survive" stage of an enterprise, what must the entrepreneur do?

48. What happens during the "Grow" stage of an enterprise?

49. Sanjana started a local grocery store, survived competition by expanding to two floors, and later opened 4 more stores. Her story demonstrates:

50. Why is taking a "Calculated Risk" different from gambling recklessly?

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