Entrepreneurial Skills Class 10 MCQ

Entrepreneurial Skills Class 10 MCQ are based on CBSE employability skills class 10 textbook. All the important Information are taken from the CBSE Textbook Employability Skills Class X Based on CBSE Board Pattern.

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, is willing to take a calculated risk and brings in a 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 to make a profit is __________________.
a. Software Engineer
b. Entrepreneur
c. Civil Engineer
d. Mechanical Engineer

4. A self employed person who is always trying to make his/her business better 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 she/he 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 a type of 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

Entrepreneurial Skills Class 10 MCQ

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 __________ in 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 even then, an entrepreneur should stay___________ and continue to work hard towards their goal.
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 his/her own and 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 are
a. Never giving up
b. Hard working
c. Perseverance
d. All of the above

17. Experimenting with many ideas is a quality 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 is always open to new ideas to make his/her business grow.
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 the business only to earn a steady source of 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 tires in Sri Lanka. It does not sell, 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

Entrepreneurial Skills Class 10 MCQ

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. There are two ways a 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 typical of successful entrepreneurs?
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

Important links of employability skills class 10 MCQ

• Communication Skills Class 10 MCQ
• Self-Management Skills Class 10 MCQ
• Basic ICT Skills Class 10 MCQ
• Entrepreneurial Skills Class 10 MCQ
• Green Skills Class 10 MCQ

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