Entrepreneurial Skills Class 10
Session 1: Entrepreneurship and Society
1. Successful entrepreneurs have the __________ abilities.
a. They are confident
b.
They keep trying new ideas
c. They
are creative
d. All of the above
2. An _______________ is a person who is self – employed, willing to take
a calculated risk and brings new idea to start a business.
a. Software Engineer
b.
Entrepreneur
c. Civil Engineer
d.
Mechanical Engineer
3. The process of developing a business plan, launching and running a
business using innovation to meet customer needs and earn profit is called
__________________.
a. Software Engineer
b. Entrepreneur
c. Civil Engineer
d.
Mechanical Engineer
4. A self employed person who is always tries to improve their business
by taking risks and trying new ideas is an _________.
a. Businessman
b.
Entrepreneur
c. Employer
d. None of
the above
5. What do entrepreneurs do when they runs their business?
a. Fulfill Customer Needs
b. Use Local Materials
c. Create Jobs
d.
All of the above
6. What are the qualities of successful entrepreneurs?
a. Fulfill customer needs
b.
Use Local Materials & lower
price of product
c. Help Society
d. All of the above
7. Business is an economic activity that involves the constant and
regular production and distribution of _____________ and ____________ to
meet human needs.
a. Purchase, Sells
b. Goods, Services
c. Service,
Payment
d. Service, Money
Session 2: Qualities and Functions of an Entrepreneur
8. What are the qualities of an entrepreneur?
a. You
must believe in yourself.
b. Be patient because I know success will
come soon
c. Be creative and problem solving
d. All of the above
9. There are various natural resources present around us _____________.
Entrepreneurs keep working to find the most optimal ways of using the
resources to reduce costs and increase their profits.
a. Renewable
b.
Non-renewable
c. Both a) and b)
d.
None of the above
10. It is important for an entrepreneur to be __________ when running a
business.
a. Patient
b. New Idea
c. Both a) and b)
d. None of
the above
11. When a person begins a business, he or she may encounter several
challenges and failures. Even while taking a significant risk, an
entrepreneur must think _____________.
a. Positively
b. Negatively
c. Both a) and
b)
d. None
of the above
12. There may be losses at times, but an entrepreneur should stay
__ and continue working hard toward their
goals.
a. Positively
b. Negatively
c. Both a) and b)
d. None
of the above
13. The ability to handle take risks is a ____________
a. Quality of Entrepreneur
b.
Role of Entrepreneur
c.
Characteristics of Entrepreneurship
d. None of the above
14. It is necessary for an entrepreneur to continuously _________ towards
their own and the company’s goals.
a. Work Hard
b. Always take rest
c. Not
participate
actively
d. None of the above
15. Entrepreneurs need to be open to __________and try them without fear
of failure.
a. Invest all of money
b. New Ideas
c. Both a) and b)
d.
None of the above
16. Qualities of entrepreneurs include:
a. Never
giving up
b. Hard working
c. Perseverance
d. All of the above
17. Experimenting with many ideas is related to
__.
a. Perseverance
b. Confidence
c. Creativity
d.
Trial
and error
18. Entrepreneur’s creativity and innovation quality are related to
__________
a. Positive
b. Patience
c. Solution
d. Hard Working
19. An entrepreneur should be able to see a problem from different
perspectives and come up with original and
__.
a. Creative Solutions
b. New Ideas
c.
Both a) and b)
d.
None of the above
20. An entrepreneur should be willing to take a _________ and remain open
to new ideas to grow the business.
a. Satisfying human need
b. Product and
Service
c.
Calculated Risk
d. Regular Production
21. A person who does not take risks, is not open to new ideas, and is
running a business only for steady income is not
__.
a. An Entrepreneur
b. A
Businessman
c. Both a) and b)
d.
None of the above
22. 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
____________.
a. Hardworking
b. Confident
c. Patient
d. Prying new
ideas
23. Susheela decides to sell her company in Sri Lanka and she has a loss.
She apologizes to the people who work for her. She says she will plan
better next time. She _______________________.
a. takes responsibility for your mistakes
b. thinks before
making a decision
c. does not give up
d. is creative
Session 3: Myths About Entrepreneurship
24. A myth, or a misconception about entrepreneurship is
__________.
a. To start a business we required lot of money
b. Business
should be unique or special
c. entrepreneurs are born, not made
d.
All of the above
Session 4: Entrepreneurship as a career option
25. What are the ways in which the person can earn money from
__.
a. Self – Employment
b. Wage – Employment
c. Both a)
and
b)
d. None of the above
26. Taking risks can lead to failure but failure is __________ and
entrepreneurs continue their course of action till they succeed.
a. Acceptable
b. Not
Acceptable
c. Success
d. None of
the above
27. Why did the entrepreneur business fail?
a. Was he/she selling low quality
goods/services?
b. Was he/she selling
products not required in the neighborhood
c. What was the risk he/she had
taken
d. All of the above
28. Wage workers does not involve too much in the _____________
a. Salary
b.
Innovation
c. Risk
d. Opportunity
29. What is the term for individuals who work for a person or an
organization and receive payment for their work?
a. Self-employed
b.
Wage-employed
c. Both a and b
d.
None of the above
30. What is the term for self-employment where someone runs a business to
meet the needs of others and seeks ways to improve the business?
a. Entrepreneur
b.
Business Idea
c. Entrepreneurship
d.
Entrepreneurist
31. Which of the following qualities are required to become a successful
entrepreneur?
a. Accountability
b. Confidence
c. Hard work
d. All of
the above
32. What do entrepreneurs typically do when they run their
businesses?
a. Increase job opportunities in their area
b. Help people in
their society earn money
c. Both a and b
d. None of the above
33. What is the term for individuals who start businesses to meet the
needs of others?
a. Self-employed
b. Wage-employed
c. Both a and b
d.
None of the above
34. What is the term for a self-employed person who continually strives
to improve their business by taking risks and trying new ideas?
a. Skilled worker
b.
Business owner
c. Entrepreneur
d.
None of the above
35. What qualities are typically associated with successful
entrepreneurs?
a. Willingness to try new ideas
b. Confidence
c.
Creativity
d. All of the above
36. Can entrepreneurs create jobs in the market?
a. True
b. False
37. Does the price of mobile phones increase when many entrepreneurs sell
them in the market?
a. True
b. False
38. What are the positive impacts of entrepreneurship on society?
a. Accentuates economic
growth
b. Encourages welfare of the
society
c. Solves the problems of the society
d. All of the above
39. Ravi’s customer comes to his store and begins shouting at him. Ravi
does not get angry, but instead listens patiently to the customer. This
demonstrates that Ravi is:
a. Hardworking
b. Confident
c. Patient
d. Willing to
try new ideas
40. Susheela decides to sell her company’s tires in Sri Lanka, but they
do not sell and she experiences a financial loss. Susheela apologizes to
her employees and says she will plan better next time. This situation
illustrates that Susheela:
a. Takes responsibility for her mistakes
b. Thinks before
making
decisions
c. Does not give up
d. Is creative
41. What do entrepreneurs do when they identify a need in the
market?
a. They build a product or service to meet that need.
b. They
ignore the need.
c. They copy the existing products or services.
d.
None of the above.
42. What qualities should an entrepreneur possess?
a.
Creativity
b. Hard work
c. Decision making skills
d. All of
the above
43. How does society play a role in boosting entrepreneurship?
a. Providing raw
materials
b. Creating needs and demands
c.
Both of the above
d. None of the above
44. What are the adverse impacts of entrepreneurship on society?
a. Environmental
degradation
b. Trade imbalance
c. Labour
exploitation
d. All of the above
45. Which of the following social problems are tackled by social
entrepreneurs?
a. Low reach of quality education
b. Unemployment
c. Child
labor
d. All of the above
46. How do entrepreneurship skills help individuals?
a. To develop the ability to handle
failure.
b. In making a
difference to society.
c. To develop critical thinking.
d. All of
the above
47. Are all businesses either skyrocket or fail?
a.
True
b. False
48. What is small scale entrepreneurship?
a.
establishing microscale manufacturing, trade, service provision, and
production industries
b. Entrepreneurship skills that help in making a
difference to society
c. Enterprises owned and controlled by women
d.
None of the above
49. Which of the following describes an entrepreneur’s commercial
activities?
a. Innovation
b. Finance and Accounting
c. Leadership
d.
All of the above
50. 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 the above
51. What is women entrepreneurship?
a. Agricultural
entrepreneurship
b. Small scale entrepreneurship
c. Social
entrepreneurship
d. An enterprise owned and controlled by a woman and
giving at least 51% of the employment generated in the enterprise to women.
Competency Based Questions for Board Examination
1. What makes you complete work or studies without others cheering
you?
a. Self- confidence
b. Communication
c. Self -motivation
d.
Self -esteem
2. Rehnuma has two people who work for her. Every day , she spends one
hour to learn about what they have done that day.
a. Creates a new product
b. Divides
income
c. Manages the
business
d. Doing time pass
3. How do Entrepreneurs innovate into the market?
a.by
bringing unique and new products and services
b.by doing exercises
c.by
contesting elections
d.by wastage of natural resources
4. Which of the following is a quality of successful
entrepreneurs?
a. Hard working
b. Resistance to change
c. Lazy
d.
Less – confident
5. Entrepreneurs use the material and people available around them, to
make the products _.
a. at higher cost
b. at low cost
c. attractive
d.
a
high quality
6. Dev is running his own business, uses his skills, tries new ideas and
takes wise decisions and also bears the risks. Here Dev is?
a. Entrepreneur
b. Wage
employed
c. Manager
d.
Governemnt official
7. What is a common misconception about starting a business ?
a. You need a large amount
of money to get started
b. Starting a
business requires no financial investment
c. You can start a business
with whatever money you have
d. Every business idea has to be unique
8. Priya tends to avoid risk and prefers stability in decision-making
processes. Rahul demonstrates a fixed mindset, often resisting change or
new approaches. Kavita showcases adaptability, readily embracing changes
and new ideas. Arjun is risk — averse and avoids any initiatives that
might challenge the status quo. Among above individuals, whose approach
aligns more with the qualities typically associated with a successful
entrepreneur ?
a. Priya
b. Rahul
c. Kavita
d. Arjun
9. Which of the following is not the quality of a successful entrepreneur
?
a. Confident and takes business decisions
b. Takes
responsibility for decisions
c. Switches to new business when facing
difficulties
d. Creative in implementing solutions
10. Which of the following is not a quality of an entrepreneur?
a. Laziness
b.
Confident
c. Optimist
d. Hard working
11. The term ‘Entrepreneur’ has been derived from the work ‘Enturondre’
which means __.
a. to undertake
b. to give
c. to decide
d. to choose
12. Which of the following does not come under self-employment?
a. Cooking in a
restaurant
b. Owning a clothing business
c.
Having a dosa selling stall
d. Running a home bakery
13. __ makes Entrepreneurship successful.
a.
Independence
b. Finance
c. Location
d. profession
14. Which of the following characteristics helps an individual to
inculcate discipline that further helps him/her in consistent efforts to
move towards goal?
a. Self-awareness
b. Self-regulation
c. Self-motivation
d.
Independence
15. From the following statements, which one is not correct about the
Qualities of an entrepreneur
a. Successful entrepreneurs adapt the habit of hard work from a
very
early stage.
b. Entrepreneur should not think optimistically about the
future of the business.
c. Confident entrepreneur must not deviate from
his/her decisions too early in case success is delayed.
d.
Entrepreneurs like to function at their own will and rules
16. Which of the following statements is not correct about
entrepreneurs?
a. Entrepreneurs accentuate economic growth.
b. Entrepreneurs
can create jobs in the market.
c. Entrepreneurs identify a need in the
market and build a product or service for it.
d. A person needs to have
a big business to be called an entrepreneur.
17. Which of the following is not the function of entrepreneur?
a. Risk taking
b.
Innovation
c. Management of resources
d.
Makes own laws
18. Creation of sustainable solutions for social problems that leads to
social change by employing entrepreneurial mindset, processes and
operations can be referred to as :
a. Social entrepreneurship
b. Agricultural
entrepreneurship
c.
Small-scale entrepreneurship
d. Economic entrepreneurship
19. Identify the commercial function to be performed by an
entrepreneur.
a. Innovation
b. Controlling
c. Planning
d. Marketing
20. Raj’s customer comes to his store and starts shouting at him. He does
not get angry. He listens to what his customer is saying. Raj is .
a. Hardworking
b.
Confident
c. Patient
d. Prying new
ideas
21. What distinguishes an entrepreneur from a wage-employed
individual?
a. An entrepreneur works independently, while a wage-employed person
works for an employer.
b. An entrepreneur works exclusively in the
medical field, while a wage employed person can work in any industry.
c.
An entrepreneur only engages in self-employment, while a wage-employed
person can also be self-employed.
d. An entrepreneur focuses on
innovation and business ownership, while a wage-employed person typically
works under someone else’s direction.
22. Assertiona.: A doctor works for a renowned hospital.
Reason(R):
The statement given above is an example of wage employment.
a. Both A and R are correct and R
is the correct explanation of A
b.
Both A and R are correct but R is NOT the correct explanation of A
c. A
is correct but R is not correct
d. A is not correct but R is correct
23. _ the work is all about identifying and noting how we spent
our time, and analysing how to spend our time effectively.
a. Organising
b.
Prioritising
c. Controlling
d.
Tracking
24. 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
_.
a. hardworking
b. confident
c. patient
d. trying new
ideas
25. Entrepreneurs can create________in the market.
a.
Job opportunities
b. Products
c. Services
d. Favourable
conditions
26. State whether the following statement is True or False :
“There
is a direct relationship between entrepreneurship and society”
a. True
b. False
27. Making decisions is an important _ of an
entrepreneur.
a. misconception
b. hindrance
c. function
d. myth
28. A/An _ is a line of work that a person takes for
life.
a. impression
b. commission
c. quality
d. career
29. Which of the following is an example of entrepreneurship ?
a. A cook working in a
restaurant
b. A mechanic who owns a
garage for repairing vehicles
c. A doctor working in a hospital
d.
A teacher teaching in a school
30. Which of following is not trait of a successful entrepreneur
?
a. Open mindedness
b. Confidence
c. Independence
d.
Pervasiveness
31. Which of these is not a function of an Entrepreneur ?
a. Risk-taking
b.
Innovation
c. Organization building
d.
Imbalance
32. Which of the following is a myth or misconception about an
entrepreneur ?
a. To start a business lot of money is required
b. Business
should be unique or special
c. Entrepreneurs are born and not made
d.
All the above
33. State whether the following statement is a myth or reality :
Entrepreneurs are born a certain way.
a. True
b. False
34. Which one of the following is not true for entrepreneurs ?
a. They create needs and
demands.
b. They provide raw
materials.
c. They do not create jobs.
d. They help society by
supporting infrastructure development.
35. __ entrepreneurship can be defined as being primarily
related to the marketing and production of inputs and products used in
agricultural activities, as it has led to low cost innovations in farming
process.
a. Agriculture
b. Social
c. Women
d. Small-scale
36. Based on the various responsibilities of an entrepreneur, the
entrepreneurship covers multiple functions, one of those is .
a. Utilization of available
resource
b. Providing employment for
the family
c. Expanding business for personal gain
d. Make money
37. Which of the following is not a task of an entrepreneur ?
a. Sharing of wealth
b.
Preferably using foreign materials
c.
Fulfilling customer needs
d. Helping society
38. Which of the following is a function of an entrepreneur ?
a. Following the traditional
method of business
b. Innovation
c.
Keeping all the profit to himself/herself
d. Avoid taking decisions
39. As the number of entrepreneurs increases, the number of entrepreneurs
selling the same product also increases, and as a result of healthy
competition, the price of products___.
a. Rise-up
b. Remain constant
c. Go down
significantly
d.
Neither rise nor fall
40. What is the benefit of using local resource in production ?
a. Low cost
b. Local
material
c. Time-saver
d.
Standard goods
41. _ employed people are those who start business to satisfy
the needs of the people.
a. Casual
b. Part-time
c. Wage
d. Self
42. The money used to start a business is called _.
a. Corporate stock
b.
Bonds
c. Capital
d. Loan
43. This refers to starting industries in which manufacturing, trading,
providing services, productions are done on a small scale or micro scale.
These business serve as the backbone of many developing countries.
Identify the type of business.
a. Women entrepreneurship
b. Small scale
entrepreneurship
c.
Agriculture entrepreneurship
d. Social entrepreneurship
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