Students find these Class 9 AI MCQ Chapter 4 Entrepreneurial Skills Class 9 MCQ Online Test with Answers helpful for self-assessment and preparation.
Class 9 AI Entrepreneurial Skills MCQ
MCQ on Entrepreneurial Skills Class 9
Class 9 Entrepreneurial Skills MCQ – Entrepreneurial Skills MCQ Class 9
Multiple Choice Questions
Question 1.
Businesses cater to the need of the
(a) area
(b) society
(c) market
(d) village
Answer:
(b) society
Question 2.
An entrepreneur is a self employed person and is willing to take a
(a) product and service
(b) satisfying human need
(c) calculated risk
(d) regular production
Answer:
(c) calculated risk
Question 3.
The role and benefits of entrepreneurship are
(a) Social development
(b) Improved standard of living
(c) Optimal use of resources
(d) All of the above
Answer:
(d) All of the above
Question 4.
Entrepreneurs uses optimal ways of using the resources to
(a) reduce cost
(b) increase profit
(c) Both of these
(d) None of these
Answer:
(c) Both of these
Question 5.
Qualities of entrepreneurs are
(a) hardworking
(b) never giving up
(c) perseverance
(d) All of these
Answer:
(d) All of these
Question 6.
Experiment with different idea is the quality related to
(a) perseverance
(b) confidence
(c) trial and error
(d) creativity
Answer:
(c) trial and error
Question 7.
The quality of creativity and innovation of entrepreneurs is related to
(a) patience
(b) positivity
(c) hardworking
(d) solution
Answer:
(d) solution
Question 8.
Ability to take up risks is a
(a) role of entrepreneur
(b) quality of entrepreneur
(c) characteristics of entrepreneurship
(d) None of the above
Answer:
(c) characteristics of entrepreneurship
Question 9.
The employees are
(a) self employed
(b) wage-earner
(c) take risk
(d) self job decider
Answer:
(b) wage-earner
Question 10.
A risk may lead to a
(a) excess of earning
(b) loss in future
(c) human needs
(d) growth
Answer:
(b) loss in future
Question 11.
Wage employment is always consists of
(a) one party
(b) two parties
(c) three parties
(d) four parties
Answer:
(b) two parties
Question 12.
The wage employment does not involve too much
(a) salary
(b) opportunity
(c) innovation
(d) risk
Answer:
(d) risk
Question 13.
The principle focus of entrepreneurship is
(a) more risk
(b) more work
(c) more profit
(d) more job
Answer:
(c) more profit
Question 14.
Product and services both are sold in
(a) Product business
(b) Service business
(c) Hybrid business
(d) General business
Answer:
(c) Hybrid business
Question 15.
Product can be seen and touched in
(a) Product business
(b) Service business
(c) Hybrid business
(d) General business
Answer:
(a) Product business
Question 16.
Manufacturing businesses are the types of
(a) Trade businesses
(b) Product based business
(c) Hybrid based business
(d) Service based business
Answer:
(b) Product based business
Question 17.
Which one is not steps of starting a business?
(a) Business idea
(b) Getting money and material
(c) Understanding customer needs
(d) Trade services
Answer:
(d) Trade services
Question 18.
What is entrepreneurship?
i. The process of developing a business plan and running a business
ii. The act of being self-employed and earning a steady source of income
iii. Launching and running a business using innovation to meet customer needs
iv. The continuous production and distribution of goods and services
(a) Both i and ii
(b) Only iii
(c) Both i and iii
(d) Only iv
Answer:
(c) Both i and iii
Question 19.
Which factor is crucial for economic development in the context of entrepreneurship?
i. Increased competition in the market
ii. Entrepreneurial creation of jobs
iii. Optimal use of renewable resources
iv. Lower prices of products and services
(a) Only i and ii
(b) Only ii and iii
(c) Only ii and iv
(d) All of these
Answer:
(a) Only i and ii
Question 20.
What is the primary role of an entrepreneur in improving the standard of living?
i. Creating new business opportunities
ii. Selling products at competitive prices
iii. Providing better and cheaper products and services
iv. Introducing innovative marketing ideas
(a) Only i
(b) Only ii
(c) Only iii
(d) Both ii and iii
Answer:
(c) Only iii
Question 21.
Which quality is essential for a successful entrepreneur?
i. Patience
ii. Positivity
iii. Hardworking and perseverance
iv. Open to trial and error
(a) Only i, ii, and iii
(b) Only ii, iii, and iv
(c) Only i, iii, and iv
(d) All of these
Answer:
(d) All of these
Question 22.
What distinguishes a self-employed person from an entrepreneur?
Competency Based Ques.
i. Willingness to take a calculated risk
ii. Running the business solely for a steady income
iii. Being open to new ideas and innovation
iv. Engaging in continuous production and distribution
(a) Only i and ii
(b) Only ii and iii
(c) Only i and iii
(d) All of these
Answer:
(c) Only i and iii
Statement Based Questions
Question 1.
Statement 1: Entrepreneurship is the process of developing a business plan, launching, and running a business using innovation to meet customer needs and to make a profit.
Statement 2: Enterprise is a project or undertaking that is bold and fulfills a need of the society which no one has ever addressed.
(a) Both Statement 1 and Statement 2 are correct
(b) Both Statement 1 and Statement 2 are incorrect
(c) Statement 1 is correct but Statement 2 is incorrect
(d) Statement 2 is correct but Statement 1 is incorrect
Answer:
(a) Both Statement 1 and Statement 2 are correct
Question 2.
Statement 1: Entrepreneurs create value by making available better and cheaper products and services for customers.
Statement 2: Entrepreneurs grow their businesses, and as they do, investors put money into their businesses expecting good returns.
(a) Both Statement 1 and Statement 2 are correct
(b) Both Statement 1 and Statement 2 are incorrect
(c) Statement 1 is correct but Statement 2 is incorrect
(d) Statement 2 is correct but Statement 1 is incorrect
Answer:
(a) Both Statement 1 and Statement 2 are correct
Question 3.
Statement 1: Improved Standard of Living-More things available to live a comfortable life.
Statement 2: Entrepreneurs compete in the market, leading to lower prices of products.
(a) Both Statement 1 and Statement 2 are correct
(b) Both Statement 1 and Statement 2 are incorrect
(c) Statement 1 is correçt but Statement 2 is incorrect
(d) Statement 2 is correct but Statement 1 is incorrect
Answer:
(a) Both Statement 1 and Statement 2 are correct
Question 4.
Statement 1: Entrepreneurship involves taking calculated risks.
Statement 2: Wage employment involves too much risk.
(a) Both Statement 1 and Statement 2 are correct
(b) Both Statement 1 and Statement 2 are incorrect
(c) Statement 1 is correct but Statement 2 is incorrect
(d) Statement 2 is correct but Statement 1 is incorrect
Answer:
(c) Statement 1 is correct but Statement 2 is incorrect
Question 5.
Statement 1: Financial literacy and money management skills are characteristics of entrepreneurship.
Statement 2: In wage employment, the continuity of service depends on the terms and conditions laid down in the contract.
(a) Both Statement 1 and Statement 2 are correct
(b) Both Statement 1 and Statement 2 are incorrect
(c) Statement 1 is correct but Statement 2 is incorrect
(d) Statement 2 is correct but Statement 1 is incorrect
Answer:
(a) Both Statement 1 and Statement 2 are correct
Assertion and Reason Based Questions
Question 1.
Assertion: Entrepreneurship involves the continuous production and distribution of goods and services to fulfill societal needs.
Reason: Entrepreneurs take calculated risks to bridge the gap between demand and supply by introducing new ideas and methods.
(a) Both assertion and reason are true, and reason is the correct explanation of the assertion.
(b) Both assertion and reason are true, but reason is not the correct explanation of the assertion.
(c) Assertion is true, but the reason is false.
(d) Assertion is false, but the reason is true.
Answer:
(a) Both assertion and reason are true, and reason is the correct explanation of the assertion.
Question 2.
Assertion: A business where a seller helps the buyer to finish some work.
Reason: The example of this business is a sports shop.
(a) Both assertion and reason are true, and reason is the correct explanation of the assertion.
(b) Both assertion and reason are true, but reason is not the correct explanation of the assertion.
(c) Assertion is true, but the reason is false.
(d) Assertion is false, but the reason is true.
Answer:
(c) Assertion is true, but the reason is false.
Question 3.
Assertion: Entrepreneurship leads only self development by generating employment opportunities.
Reason: As entrepreneurs scale their businesses, they create more job opportunities, contributing to higher employment rates.
(a) Both assertion and reason are true, and reason is the correct explanation of the assertion.
(b) Both assertion and reason are true, but reason is not the correct explanation of the assertion.
(c) Assertion is true, but the reason is false.
(d) Assertion is false, but the reason is true.
Answer:
(d) Assertion is false, but the reason is true.
Question 4.
Assertion: Entrepreneurs contribute to improving the standard of living by providing innovative solutions to societal problems.
Reason: Through creativity and innovation, entrepreneurs introduce products and services that enhance people’s quality of life.
(a) Both assertion and reason are true, and reason is the correct explanation of the assertion.
(b) Both assertion and reason are true, but reason is not the correct explanation of the assertion.
(c) Assertion is true, but the reason is false.
(d) Assertion is false, but the reason is true.
Answer:
(a) Both assertion and reason are true, and reason is the correct explanation of the assertion.
Question 5.
Assertion: Entrepreneurship involves taking calculated risks.
Reason: Entrepreneurs are afraid of failure and hesitate to continue their course of action until they succeed.
(a) Both assertion and reason are true, and the reason is the correct explanation of the assertion.
(b) Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
(c) Assertion is true, but the reason is false.
(d) Assertion is false, but the reason is true.
Answer:
(c) Assertion is true, but the reason is false.
Question 6.
Assertion: In wage employment, continuity of service depends on terms laid down in the contract.
Reason: Continuity of service does not depend upon the relationship between two parties.
(a) Both assertion and reason are true, and the reason is the correct explanation of the assertion.
(b) Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
(c) Assertion is true, but the reason is false.
(d) Assertion is false, but the reason is true
Answer:
(c) Assertion is true, but the reason is false.
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