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C. One word answers.
1. Name the business in which production of goods is done. ……….……................
2. Pizza food chain is which category of business? ……….……................
3. Name the person who does something innovative in a business. ……….……................
4. Name the person who starts a business. ……….……................
D. State whether these statements are true or false:
1. Business is an economic activity. ……………
2. Manufacturing is a consulting business. ……………
3. Sales people are unskilled labourers. ……………
4. Main objective of a business is to survive and earn profits. ……………
5. Entrepreneurs improve the standard of living. ……………
6. An entrepreneur should have strong leadership qualities. ……………
7. There are no fixed hours of working for an entrepreneur. ……………
8. Entrepreneurs are in the control of market forces and cannot decide what kind of work they
should do? ……………
9. Entrepreneurs decide incentives of the employee. ……………
10. The economy suffers due to entrepreneurs as they are inclined towards profits only. ……………
SECTION B (Subjective Type Questions)
A. Short answer type questions:
1. Who is a businessman? Give a few examples.
2. What do you mean by “Feedback in the Long Run”?
3. Why is patience crucial for an entrepreneur?
4. Differentiate between an entrepreneurship and an enterprise.
5. What do you understand by the term wage employment?
6. What do you think is the biggest challenge of an entrepreneur?
7. What is the market status of an entrepreneur?
8. Susan is an MBA graduate in Sales and Marketing and now wants to start her own business. Her father is a cab driver
and she neither has money to invest in her business nor wants to take any loan. She wants to go into a service business.
Can you suggest some service businesses where with less investment she can start her own business?
9. What are the key differences between product and service-based businesses? [NCERT]
10. What is the definition of organisation in the context of entrepreneurship?
B. Long answer type questions:
1. Your cousin is planning to be an entrepreneur but he is in a dilemma whether to take risk or not. How can you help him
convince to go ahead in living his dream of a successful entrepreneur?
2. What is the meaning of manufacturing and trading based business? [NCERT]
3. Write the steps of starting a business.
4. Explain in detail the process of entrepreneurship development.
5. What is entrepreneurship?
6. Explain any four qualities of an entrepreneur.
7. Differentiate between an entrepreneur and a businessman.
8. What is the role of entrepreneur in social development?
C. Competency-based/Application-based questions: #Problem Solving & Logical Reasoning
1. State whether the person engaged in the activity mentioned below is an Entrepreneur or an Employee. [NCERT]
a. Rahul starts a shop to sell Chaat and special Paani Puri. He is an ……….……................ .
b. Shahid becomes the manager of a dealership selling food products. He is an ……….……................ .
c. Ritu leaves the company she worked for and starts catering food for marriage programmes. She is an ……….…….................
136 Touchpad Artificial Intelligence (Ver. 3.0)-IX

