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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?

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