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Unsolved Exercise
Section A
(Objective Type Questions)
A. Choose the correct option.
1. ............................... entrepreneurs are those who focus on generating solutions that benefit the society.
i. Social ii. Women
iii. IT iv. Professional
2. Startups rely on ............................... provided by angel investors or venture capital firms.
i. furniture ii. funding
iii. support iv. capital
3. To become an entrepreneur, one must have vision, ..............................., and innovativeness.
i. originality ii. resourcefulness
iii. ingenuity iv. creativity
4. Prashant works for Surabhi, who is a businesswoman. Prashant is an ............................... . [NCERT]
i. entrepreneur ii. wage employed person
iii. skilled worker iv. businessman
5. The ability to act in a situation before others do is ............................... . [NCERT]
i. interpersonal skills ii. initiative
iii. perseverance iv. creative
B. Fill in the blanks.
1. To establish a successful business, an entrepreneur requires a variety of ............................... .
2. ............................... rely on funding provided by angel investors or venture capital firms.
3. Entrepreneurs must be able to put their ideas into ............................... .
4. An entrepreneur consistently sets ............................... standards.
5. ............................... assists an entrepreneur in understanding a situation or problem by asking oneself questions
(why, what, when, and how) and studying the causes of the situation or problem.
C. State whether the following statements are true or false:
1. Entrepreneurship is a social activity. ............................
2. Startups receive advice and mentoring from an expert. ............................
3. An entrepreneur may not always have a goal. ............................
4. An entrepreneur is never discouraged by failures. ............................
5. The entrepreneur is responsible for managing the staff, materials, finances, and organising
the production of goods and services. ............................
Section B
(Subjective Type Questions)
A. Short answer type questions.
1. Why is it critical for an entrepreneur to have a positive attitude towards his business?
2. What is problem-solving? Why should an entrepreneur possess this skill?
Entrepreneurial Skills-IV 119

