Module Name : Entrepreneurship

Question 1 of 35

1.

Sharvan serves as a delivery agent delivering tomatoes from a farmer to a company that makes tomato sauce. What is Sharvan's job?

Buyer

Service Provider

Seller

Distributor

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Question 1 of 35

Question 2 of 35

2.

Which of the following is the BEST definition of profit?

The revenue or earnings which remain with the business owner, after all the costs are paid.

The total amount of money a business makes from selling goods or services.

The total amount of money a business earns before paying taxes.

The money a business owner spends on personal expenses.

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Question 2 of 35

Question 3 of 35

3.

What is the most important skill needed to be a successful entrepreneur?

Having an Entrepreneurial Mindset

Expanding markets

Earning money

Giving up on failure

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Question 3 of 35

Question 4 of 35

4.

Pooja started a food court that was very successful with many customers. After a year, the number of customers decreased. What should Pooja do to solve this problem?

Collect the Feedback from the Customers

Change the Cooking Style

Change her business

Close the Food court

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Question 4 of 35

Question 5 of 35

5.

You want to sell toys. What should you do before starting your business?

Hire salespeople

Design the toys

Find out what children like

Build a factory

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Question 5 of 35

Question 6 of 35

6.

Roopa wants to start a new business. But she is not sure which product she should choose to start her business. What will be her basic research to finalize her product?

Buying products from others

Research on products & services that customers are currently using

Search how to advertise the product

Loan from Banks

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Question 6 of 35

Question 7 of 35

7.

Customers' needs can be understood through ____________.

Customer Survey

Selling

Talking to our family

Customer service

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Question 7 of 35

Question 8 of 35

8.

How does Market Scan help with running a business?

Gives an idea about the customers

Helps understand about other similar business

Helps in making the business plan

All of these

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Question 8 of 35

Question 9 of 35

9.

A good business idea should be_________.

very expensive to start a business

very common

unique, sustainable & low on investment

a short term plan

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Question 9 of 35

Question 10 of 35

10.

Pratibha wants to start a Biriyani Hotel. What will she need first?

Business plan

Name Board

Food Items

Kitchen Equipments

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Question 10 of 35

Question 11 of 35

11.

Why is a market scan conducted?

To check what the competitors are offering

All of these

To understand customer needs

To explore how to grow the business

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Question 11 of 35

Question 12 of 35

12.

What are the duties of an entrepreneur?

All of these

Managing finances and budgets

Talking to customers

Managing the business

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Question 12 of 35

Question 13 of 35

13.

What are some of the qualities of a strong entrepreneur?

Learning from failures

Working hard

All of these

Building relationship with customers

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Question 13 of 35

Question 14 of 35

14.

Product is an object that can be____________.

Touched

Seen

Seen, Touched and Used

Used

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Question 14 of 35

Question 15 of 35

15.

Select the example of a product from the options.

Home painting

Parlour service

Shirt

Bike repair

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Question 15 of 35

Question 16 of 35

16.

A business idea should ________________ .

Fulfill customer needs or solve their problems

None of these

Save the world

Satisfy only my needs

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Question 16 of 35

Question 17 of 35

17.

Shaheen wants good chefs to work in her hotel. What is an effective way to hire them?

By reaching out other hotel staffs

None of these

By asking his relatives

By advertising the job

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Question 17 of 35

Question 18 of 35

18.

Unique Selling Proposition or USP of a business plan refers to _________.

A special budget for the business

A special or different idea for a business

A new customer for the business

An old business is updated

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Question 18 of 35

Question 19 of 35

19.

What are the qualities of an entrepreneur that a self-employed person also needs to have?

Problem Solving

Creative Thinking

All of these

Customer Service

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Question 19 of 35

Question 20 of 35

20.

An Entrepreneur can help the society by___________ .

Working with a team

Marketing the product

Seeking new opportunities

Creating job opportunities

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Question 20 of 35

Question 21 of 35

21.

Lakshmi plans to start a beauty parlour. What kind of information should she NOT collect in the Market Scan?

Information on types of customers

Information on cost of materials for the beauty parlour

Information on clothes and shoes

Information on shop location and rent

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Question 21 of 35

Question 22 of 35

22.

A person who hires other people for their business is an __________.

Employee

Self -Employed

Entrepreneur

Employer

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Question 22 of 35

Question 23 of 35

23.

Product and service are two things that can be sold. Product is what can be seen, touched and used. Service is what we _______.

Feel, Experience and Enjoy

Buy from vegetable shop

Do not enjoy

Pay with Gpay

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Question 23 of 35

Question 24 of 35

24.

An Entrepreneur needs to maintain good _______ with his customers.

Communication

Friendship

Relationship

Behavior

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Question 24 of 35

Question 25 of 35

25.

Pawan operates a small AC service business with three employees, offering AC installation and repair. Over the next five years, he plans to expand the business to another city. Pawan is a / an___.

Entrepreneur

Contractor

Self-employed person

Intern

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Question 25 of 35

Question 26 of 35

26.

Why do customers like a product or service?

Feel of the product or service

Good Price

All of these

Good Quality

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Question 26 of 35

Question 27 of 35

27.

Self - Employment means _____.

Working for an employer at a fixed monthly income

Selling food items

Freelancing or running a business rather than working for an employer

Only focusing on earning profits

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Question 27 of 35

Question 28 of 35

28.

Vidya is single-handedly selling homemade pickles to her neighbors. Vidya is a/an___________.

Seller

Distributor

Entrepreneur

Self-employed person

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Question 28 of 35

Question 29 of 35

29.

Low investment business plan means ________

The plan needs a small amount to start a business

The plan should be simple

The plan is a new idea

The plan should start immediately

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Question 29 of 35

Question 30 of 35

30.

Select the example of a service from the options.

Masala Dosa

Mobile Repair

Chicken Kebab

Water Bottle

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Question 30 of 35

Question 31 of 35

31.

Raju wants to start a Textile shop. What should he do first?

Hire Staff

Prepare a Business Plan

Rent a Shop

Purchase New Fabrics

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Question 31 of 35

Question 32 of 35

32.

Entrepreneurship means _______.

Starting a new career

Managing career

Supporting a business person

Running your own business

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Question 32 of 35

Question 33 of 35

33.

A good business idea for a young or new entrepreneur should be sustainable. This means __________.

It is planned for the present and future business growth

It has budget

It is easy to use

It has many details

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Question 33 of 35

Question 34 of 35

34.

Geetha wants to start a tailoring shop (boutique). Her trainer asked her to do a market scan. Geetha should do the market scan of _____________.

None of these

Beauty Parlours

Packaging companies

Tailoring shops

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Question 34 of 35

Question 35 of 35

35.

Shilpa wants to start a soap-making company. What kind of questions should she NOT ask her customers?

Do you like to eat chats?

Do you use soap?

How much do you pay for soap?

Which types of soaps do you buy?

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Question 35 of 35

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