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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. Business Man
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 tyres 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
Session 4: Entrepreneurship as a Career Option
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
28. 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
29. 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
30. Which of the following qualities are typical of successful entrepreneurs?
a. Accountability
b. Confidence
c. Hard work
d. All of the above
31. 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
32. 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
33. 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
34. What qualities are typically associated with successful entrepreneurs?
a. Willingness to try new ideas
b. Confidence
c. Creativity
d. All of the above
35. Can entrepreneurs create jobs in the market?
a. True
b. False
36. Does the price of mobile phones increase when many entrepreneurs sell them in the market?
a. True
b. False
37. 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
38. 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
39. 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
40. 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.
41. What qualities should an entrepreneur possess?
a. Creativity
b. Hard work
c. Decision making skills
d. All of the above
42. 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
43. What are the adverse impacts of entrepreneurship on society?
a. Environmental degradation
b. Trade imbalance
c. Labour exploitation
d. All of the above
44. Which of the following social problems are tackled by social entrepreneurs?
a. Low reach of quality education
b. Unemployment
c. Child labour
d. All of the above
45. 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
46. Are all businesses either skyrocket or fail?
a. True
b. False
47. 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
48. Which of the following describes an entrepreneur’s commercial activities?
a. Innovation
b. Finance and Accounting
c. Leadership
d. All of the above
49. 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
50. 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.
Employability Skills Class 10 MCQ
- Communication Skills Class 10 MCQ
- Self-Management Skills Class 10 MCQ
- Basic ICT Skills Class 10 MCQ
- Green Skills Class 10 MCQ
Reference Textbook of Entrepreneurial Skills Class 10 MCQ with Answers
The above Entrepreneurial Skills Class 10 MCQ was created using the NCERT Book and Study Material accessible on the CBSE official website as a reference.
Employability skills – cbseacademic.nic.in. CBSE Academic. (n.d.). Retrieved March 10, 2022, from https://cbseacademic.nic.in/web_material/Curriculum21/publication/secondary/Employability_Skills10.pdf
You can download the Entrepreneurial Skills Class 10 MCQ from CBSE Academic Website or you can download from CBSE Skill Education website.
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Employability skills class 10 textbook / Information and Entrepreneurial Skills Class 10 MCQ class X helps to improve the ‘soft’ skills, nowadays employers want candidates to demonstrate to show that they can work well in the organization.
These skills help to become a successful entrepreneur or if you plan to work freelance on projects with clients.
Disclaimer – 100% of the questions are taken from the CBSE textbook Entrepreneurial Skills Class 10 MCQ, and our team has tried to collect all the correct questions and answers from the textbook Methods of Entrepreneurial Skills Class 10 Notes. If you found any suggestion or any error please contact us anuraganand2017@gmail.com.