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Exercise
Section A (Objective Type Questions)
A. Multiple choice questions.
1. Rihana decides to sell her company's product in another country, but sales didn't go through and she faces a loss.
She apologises to the people who work for her. She says she will plan better next time. She .................................
i. is creative ii. thinks before making a decision
iii. does not give up iv. takes responsibility for her mistakes
2. Entrepreneurs are .................................
i. hard working ii. deceptive iii. born special iv. afraid of challenges
3. To be a good entrepreneur, one must be .................................
i. goal-oriented ii. technology-driven iii. rich iv. lazy
4. From the following statements, which one is not correct about the Qualities of an entrepreneur.
[CBSE Sample Paper 2023]
i. Successful entrepreneurs adapt the habit of hard work from a very early stage.
ii. Entrepreneur should not think optimistically about the future of the business.
iii. Confident entrepreneur must not deviate from his/her decisions too early in case success is delayed.
iv. Entrepreneurs like to function at their own will and rules.
5. Sunita and Vinita both own plant shops. Vinita sits at her shop every day. When customers come, she sells to them.
Sunita walks around and gets customers to her shop. She also sells seeds and flowers. Who is an entrepreneur out
of Sunita and Vinita?
i. Sunita ii. Vinita iii. Both of them iv. None of them
6. Which of the following can be an entrepreneur?
i. Artist ii. Educator iii. Businessman iv. All of these
7. A self-employed person who is always trying to make his/her business better by taking risks and trying new ideas
is called a/an ............................
i. Skilled man ii. Businessman
iii. Entrepreneur iv. None of these
8. Identify the FALSE statement about entrepreneurship as a career.
i. It's a path that demands hard work, resilience, and a willingness to learn and grow continuously.
ii. It is a path that must cause loss.
iii. Anyone can choose entrepreneurship as a career.
iv. All of these
B. Fill in the blanks.
1. Entrepreneurs meet ................................ needs by offering products or services that eases their lives.
2. Using local materials helps entrepreneurs support local economies, reduce environmental impact through
shorter .................................
3. After surviving the initial hurdles, successful entrepreneurs focus on .................................
Entrepreneurial Skills-II 75

