Students find these Class 11 AI MCQ Chapter 4 Entrepreneurial Skills Class 11 MCQ Online Test with Answers helpful for self-assessment and preparation.
Class 11 AI Entrepreneurial Skills MCQ
MCQ on Entrepreneurial Skills Class 11
Class 11 Entrepreneurial Skills MCQ – Entrepreneurial Skills MCQ Class 11
Multiple Choice Questions
Question 1.
Which of the following is not a type of Business activity?
a-Manufacturing
b-Trading
c- Services
d-Delivery
Answer:
d-Delivery
Question 2.
Which of the following is not a quality of a successful entrepreneur?
a-Confidence
b-Open mindedness
c-Independence
d-Don’t take risk
Answer:
d-Don’t take risk
Question 3.
Which of the following is not an attitude of an entrepreneur?
a-Decision making
b-Critique thinking
c-Self doubt
d-Innovation
Answer:
c-Self doubt
Question 4.
Which of the following is needed to generate a Business idea?
a-Understanding customer need b-Planning the business
c-Growing the business
d-Any idea
Answer:
d-Any idea
Question 5.
Customers are categorized into _______ type.
a-3
b-4
c-5
c-5
d-6
Answer:
b-4
Question 6.
Which of the following is considered as full filled needs?
a- Metro services
b-Ola services
c-Solar bus
d-Solar Helicopter
Answer:
a- Metro services
Question 7.
Which of the following need that pupil are not aware of or expect to be address by a business?
a-Fulfilled needs
b-Unknown needs
c-Partially fulfilled needs
d-Unfulfilled and known needs
Answer:
b-Unknown needs
Question 8.
Which of the following should not be kept in mind while figuring out the customer needs?
a-Location
b-Time
c-Ruling Government
d-Price
Answer:
c-Ruling Government
Question 9.
Which of the following method entrepreneurs do to understand the customer’s needs?
a-Surveying customers
b-Talk to the customers directly
c-Questionnaire
d-Surveying product
Answer:
d-Surveying product
Question 10.
Which of the following that a entrepreneur never does?
a- Conducting customer survey
b-Conducting competitor survey
c -Taking action without thinking
d-Business planning
Answer:
c -Taking action without thinking
Question 11.
Why business planning is important to entrepreneurs?
a- For estimating funds
c- For estimating material cost
c -Unique strategy
d-Goal setting
(i) a and b
(ii) b and c
(iii) a, b and c
(iv) All of the above
Answer:
(iv) All of the above
Question 12.
Which of the following principle an entrepreneur should follow?
a-Quality
b-Scaling up of business
c-Alternative product
d-Alternative service
(i) a and b
(ii) c and d
(iii) a, b and c
(iv) All of the above
Answer:
(iv) All of the above
Match the following:
Question 1.
| Column A | Column B |
| 1-Open mindedness | A-The goals that motivate the customer to work hard |
| 2-Trading business | B-It is the solution to solve a customer’s need |
| 3-Entrepreneur | C-Those persons with business idea solve the customer need |
| 4-Goal setting | D-A quality to try new things |
| 5-Business idea | E-It is the business based on the procuring the finished products |
Answer:
| Column A | Column B |
| 1-Open mindedness | A-A quality to try new things |
| 2-Trading business | B-It is the business based on the procuring the finished products |
| 3-Entrepreneur | C-Those persons with business idea solve the customer need |
| 4-Goal setting | D-The goals that motivate the customer to work hard |
| 5-Business idea | E-It is the solution to solve a customer’s need |
Assertion-reasoning Based Questions
Study the two statements labeled as assertion (a) and reason (r). Point out if:
(a) Both, a and r, are true and r is the correct explanation of a
(b) Both, a and r, are true but r is not the correct explanation of a
(c) If a is true but r is false
(d) If a is false but r is true
Question 1.
Assertion(A): Entrepreneurs make their own decisions.
Reason(R) :The objective of an Entrepreneur is to grow their own business. They are responsible for the well-being of their own organization.
Answer:
(a) Both, a and r, are true and r is the correct explanation of a
Question 2.
Assertion(A):A good business idea is the stepping stone for an entrepreneurial business. Reason( R):Business ideas are not influenced by geographical locations.
Answer:
(c) If a is true but r is false
Question 3.
Assertion (A):Before starting a business, the knowledge of the market is not essential.
Reason (R): There are many categories of customers, it is required to understand their needs and accordingly product designing is required.
Answer:
(d) If a is false but r is true
Case-Based Questions
Question 1.
Soham and Aditya are business partners, they want start their own business. So, what would be their first step?
a. Planning for a business idea
b. Surveying existing customer need
c. Seeking a space for their business
d. Arranging money for their business
Answer:
b. Surveying existing customer need
Question 2.
What value does the entrepreneur have?
a. Rohit runs a special hair salon in Bidar. Young boys come to him and ask him to give a Justin Bieber haircut. Rohit doesn’t know about this haircut so he searches on the Internet and finds the pictures.
Answer:
Problem solving
What value does Rohit have?
b. Shalu makes special Indian snacks and goes door-to-door in her town to sell it to different people. Only 1 in 10 people to whom she goes, buys her products.
What value does Shalu have?
Answer:
Hard working
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