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Exercise
Solved
SECTION A (Objective Type Questions)
A. Choose the correct option.
1. Which of the following is the reason of success of an entrepreneur?
a. Hard work b. Good money
c. Good degree d. Smartness
2. Which one of the following is a place where the production of a product is controlled by the demand and supply of a
product?
a. Free market b. Efficient market
c. New market d. None of the above
3. Which of the following social problems are handled by social entrepreneurs?
a. Poor quality education b. Unemployment
c. Child labour d. All of these
4. How does agricultural entrepreneurship help farmers?
a. Finding low-cost innovations in farming processes b. Giving loans to farmers
c. Giving jobs to the family members of farmers d. All of these
5. Which of the following entrepreneurship refers to starting industries in which manufacturing, trading, providing services,
productions are done on a micro scale?
a. Women entrepreneurship b. Agricultural entrepreneurship
c. Small scale entrepreneurship d. None of these
6. Ravi’s customer comes to his store and starts shouting at him. He does not get angry. He listens to what his customer is
saying. He is . [NCERT]
a. hardworking b. confident
c. patient d. prying new ideas
7. Susheela decides to sell her company tyres in Sri Lanka. It does not sell and she has a loss. She apologises to the people
who work for her. She says she will plan better next time. She . [NCERT ]
a. takes responsibility for your mistakes b. thinks before making a decision
c. does not give up d. is creative
Ans. 1. a 2. a 3. d 4. a 5. c 6. c 7. a
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. The money used to start a business is called .
3. A doctor who works for a hospital is a person.
4. An enterprise owned and controlled by a woman is called .
5. is doing business in a creative manner to help in the social development of the society.
Ans. 1. Entrepreneurship 2. capital 3. wage-employed 4. Women Entrepreneurship
5. Social Entrepreneurship
Entrepreneurial Skills-II 101

