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B.  Fill in the blanks.
                  1.                is the type of self-employment where one is running a business to satisfy the needs of people and
                    looking for ways to make the business better.

                  2.  Entrepreneurs are          , always coming up with new ideas to grow and develop.
                  3.  A doctor who works for a hospital is a      person.

                  4.  Entrepreneurs take risks in terms of      and               .
                  5.  Entrepreneurship helps in the         growth of the country.
                Ans.  1. Entrepreneurship   2. creative             3. wage-employed        4.  time, money
                     5. economic

              C.  Match the following:

                 1.  Entrepreneur                           a.  Risk taking capability
                 2.  Welfare of the society                 b.  Quality of an entrepreneur

                 3.  Innovation                             c.  Myth of an entrepreneurship
                 4.  Large capital required                 d.  Work done by an entrepreneur

                Ans.  1. a  2. d  3. b  4. c

              D.  State whether these statements are true or false.
                  1.  Entrepreneurs import high quality materials to produce quality goods.

                  2.  Entrepreneur is a skill and nobody is born with this as a trait.
                  3.  An entrepreneur is always learning from his experiences.

                  4.  An entrepreneur takes calculated risks.
                  5.  An entrepreneur needs a lot of investment in terms of money.
                Ans.  1. False  2. True  3. True  4. True  5. False

                                                SECTION B (Subjective Type Questions)


              A.  Short answer type questions.
                  1.  What is the difference between wage-employed and self-employed people?
                Ans.   Wage-employed people are people who work for a person or an organisation and get paid for that work. Self-employed
                    people are those who start their businesses and sell their product or services to the customers.
                  2.  Write four qualities of a successful entrepreneur.
                Ans.  Following are the qualities of a successful entrepreneur:
                    ●  They are confident.
                    ●  They keep trying new ideas in their business.
                    ●  They take responsibility for their actions.
                    ●  They do not give up when they face difficulty.
                  3.  Write four misconceptions about entrepreneurship.
                Ans.  Following are the qualities of a successful entrepreneur:
                    ●  Every business idea needs to be unique or special.
                    ●  A person needs a lot of money to start a business.
                    ●  A person having a big business is an entrepreneur.
                    ●  Entrepreneurs are born, not made.


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