Question 1 Medium Level 46
Along with earning profit, which objective can also be important in entrepreneurship? A Fulfilling a social need B Confusing customers C Wasting resources D Reducing quality
Correct answer: A A good enterprise gives useful service or product along with profit. In exams, connect entrepreneurship with value creation.
View question details Question 2 Medium Level 46
Which option shows initiative of an entrepreneur? A Starting a new solution after seeing a problem B Waiting for others' orders C Leaving every opportunity D Passing time without work
Correct answer: A Initiative means starting work on an opportunity without pressure. In exams, identify active behaviour.
View question details Question 3 Medium Level 46
What is the main purpose of market study in entrepreneurship? A Understanding customer need and demand B Closing the business C Hiding cost D Only changing the name
Correct answer: A Market study helps an entrepreneur choose the right product and customers. In exams, keep demand and customer at the centre.
View question details Question 4 Medium Level 46
Which quality helps an entrepreneur survive in a changing market? A Rigidity B Fear of change C Adaptability D Mere copying
Correct answer: C In a changing market, adjustment according to new conditions is necessary. In exams, link market change with adaptability.
View question details Question 5 Medium Level 46
Which option gives an incorrect meaning of entrepreneurship? A Identifying opportunity B Organising resources C Providing value to customers D Wanting only profit without responsibility
Correct answer: D Entrepreneurship includes responsibility and value creation along with profit. In exams, treat only-profit options as incomplete.
View question details Question 6 Medium Level 46
How does a successful entrepreneur use resources? A Spends without planning B Uses limited resources effectively C Hides resources D Wastes resources
Correct answer: B An entrepreneur turns limited money time and material into useful results. In exams, link resource use with efficiency.
View question details Question 7 Medium Level 46
Which characteristic helps an entrepreneur understand changes in customer preference? A Observation and ability to listen to feedback B Always staying silent C Distance from market D Refusal to improve
Correct answer: A Customer feedback indicates market change. In exams, treat listening to customers as an entrepreneurial trait.
View question details Question 8 Medium Level 46
Why is decision-making ability important for an entrepreneur? A Because business has many choices and uncertainties B Because decisions are never needed C Because customers always decide D Because planning is not needed
Correct answer: A An entrepreneur must take timely decisions based on information. In exams, connect decisions with risk and opportunity.
View question details Question 9 Medium Level 46
Which example reflects social entrepreneurship? A Selling only expensive products B Earning income while solving a community nutrition problem C Making false promises to customers D Destroying resources
Correct answer: B Social entrepreneurship may focus on both social problem and income. In exams, identify social benefit.
View question details Question 10 Medium Level 46
What is the importance of networking in entrepreneurship? A Building relationships with customers suppliers and mentors B Keeping business isolated C Hiding information D Avoiding cooperation
Correct answer: A Networking can provide information support and market opportunities. In exams, link networking with relationships and resources.
View question details Question 11 Medium Level 46
An entrepreneur's goal should not only be making a product but also what? A Fulfilling the real need of customers B Ignoring customers C Hiding the product D Reducing quality
Correct answer: A A product succeeds when it solves a customer need. In exams, connect product with customer problem.
View question details Question 12 Medium Level 46
Which quality makes an entrepreneur search for a new method even after failure? A Discouragement B Resilience C Carelessness D Imitation
Correct answer: B Resilience helps an entrepreneur learn from failure and move ahead. In exams, look for improvement after failure.
View question details Question 13 Medium Level 46
What is the importance of ethics in entrepreneurship? A It builds customer trust and long-term reputation B False promises increase C Quality gets hidden D Business becomes temporary
Correct answer: A Honest behaviour is the base of customer trust. In exams, connect ethics with reputation.
View question details Question 14 Medium Level 46
Which option shows leadership ability of an entrepreneur? A Explaining the goal to the team and assigning work B Leaving all responsibility C Avoiding customers D Delaying every decision
Correct answer: A Leadership includes clarifying goals and organising people. In exams, do not understand leadership as only giving orders.
View question details Question 15 Medium Level 46
Why should an entrepreneur maintain financial discipline? A To control cost income and profit B To make business uncertain C To reduce customers D To remove quality
Correct answer: A Financial discipline makes a business sustainable. In exams, treat money management as an essential part of entrepreneurship.
View question details Question 16 Medium Level 46
A Home Science student plans to start a tiffin service after seeing local demand. What should be done first? A Assess customer need cost and capacity B Spend a lot of money without thinking C Promise everyone immediately D Ignore quality
Correct answer: A Before starting, demand cost and capacity should be understood. In exams, treat planning as the first step.
View question details Question 17 Medium Level 46
Without which characteristic will an entrepreneur find it difficult to convert opportunity into business? A Ability to take action B Only imagination C Regular delay D Distance from customers
Correct answer: A An opportunity is useful only when action is taken on it. In exams, understand the difference between idea and execution.
View question details Question 18 Medium Level 46
How can creativity be used in entrepreneurship? A In new product packaging or service method B Only in breaking rules C In confusing customers D In removing planning
Correct answer: A Creativity can give a product or service a distinct identity. In exams, connect creativity with useful improvement.
View question details Question 19 Medium Level 46
Why is customer satisfaction important for an entrepreneur? A It increases repeat purchase and good image B It always increases cost C It reduces quality D It ends the market
Correct answer: A Satisfied customers help business stability. In exams, connect customer satisfaction with long-term success.
View question details Question 20 Medium Level 46
Which option explains the need for time management for an entrepreneur? A Managing production customer service and planning on time B Leaving every task for tomorrow C Ignoring deadlines D Doing work without sequence
Correct answer: A An entrepreneur must balance many tasks on time. In exams, connect time management with business operation.
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