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Exercise
Solved Questions
SECTION A (Objective Type Questions)
uiz
A. Tick ( ) the correct option.
1. In business, which of the following, along with the profits, is equally important?
a. Family trips b. Child education
c. Old parents' medicine d. Customer Satisfaction
2. Which of the following business type uses raw material, labour, technology, capital and other resources for the
production of finished goods?
a. Manufacturing b. Service
c. Merchandise d. All of these
3. In which of the following business, service cannot be stored in warehouses or boxes?
a. Manufacturer b. Service
c. Merchandise d. Trading
4. Product business is of two types, one is manufacturing and other involves only buying and selling the product at a
slightly higher price. What is the second type?
a. Hybrid b. Service
c. Primary d. Trading
5. The word “entrepreneur” is derived from the ................................ .
a. French verb b. Latin verb
c. Sanskrit verb d. Arabic verb
6. What is the output of the innovative process of setting up a business called?
a. Project b. Business
c. Enterprise d. Work
7. What is the process of enhancing knowledge and improving skills of an entrepreneur through structured
training and classroom programmes called?
a. Entrepreneur b. Entrepreneurship
c. Business d. Entrepreneurship Development
8. Which of the following is/are characteristic(s) of an entrepreneur?
a. Risk Taking Ability b. Hard working
c. Good communication skills d. All of these
B. Fill in the blanks.
1. A ……….……................ is a state of being busy as an individual or as an organisation in a profit earning economic activity.
2. ……….……................ businesses provide service by skilled professionals and experts.
3. Employees receive a regular and predictable income in the form of ……….……................ .
4. It is important to take ……….……................ from the customers in the long run.
5. Planning and finalising a business idea is the ……….……................ step of starting a business.
132 Touchpad Artificial Intelligence (Ver. 3.0)-IX

