SEBA Class X Employability Skills Chapter 4 Entrepreneurial Skills Session 3: Myths About Entrepreneurship MCQ

{ "questions": [ { "question": "A myth, or a misconception about entrepreneurship is __________.", "options": [ "To start a business we required lot of money", "Business should be unique or special", "entrepreneurs are born, not made", "All of the above" ], "answer": 3 }, { "question": "What are the ways in which the person can earn money from __.", "options": [ "Self – Employment", "Wage – Employment", "Both a) and b)", "None of the above" ], "answer": 2 }, { "question": "Taking risks can lead to failure but failure is __________ and entrepreneurs continue their course of action till they succeed.", "options": [ "Acceptable", "Not Acceptable", "Success", "None of the above" ], "answer": 0 }, { "question": "Why did the entrepreneur business fail?", "options": [ "Was he/she selling low quality goods/services?", "Was he/she selling products not required in the neighborhood", "What was the risk he/she had taken", "All of the above" ], "answer": 3 }, { "question": "Wage workers does not involve too much in the _____________", "options": ["Salary", "Innovation", "Risk", "Opportunity"], "answer": 2 }, { "question": "What is the term for individuals who work for a person or an organization and receive payment for their work?", "options": [ "Self-employed", "Wage-employed", "Both a and b", "None of the above" ], "answer": 1 }, { "question": "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?", "options": [ "Entrepreneur", "Business Idea", "Entrepreneurship", "Entrepreneurist" ], "answer": 2 }, { "question": "Which of the following qualities are required to become a successful entrepreneur?", "options": [ "Accountability", "Confidence", "Hard work", "All of the above" ], "answer": 3 }, { "question": "What do entrepreneurs typically do when they run their businesses?", "options": [ "Increase job opportunities in their area", "Help people in their society earn money", "Both a and b", "None of the above" ], "answer": 2 }, { "question": "What is the term for individuals who start businesses to meet the needs of others?", "options": [ "Self-employed", "Wage-employed", "Both a and b", "None of the above" ], "answer": 0 }, { "question": "What is the term for a self-employed person who continually strives to improve their business by taking risks and trying new ideas?", "options": [ "Skilled worker", "Business owner", "Entrepreneur", "None of the above" ], "answer": 2 }, { "question": "What qualities are typically associated with successful entrepreneurs?", "options": [ "Willingness to try new ideas", "Confidence", "Creativity", "All of the above" ], "answer": 3 }, { "question": "Can entrepreneurs create jobs in the market?", "options": ["True", "False"], "answer": 0 }, { "question": "Does the price of mobile phones increase when many entrepreneurs sell them in the market?", "options": ["True", "False"], "answer": 1 }, { "question": "What are the positive impacts of entrepreneurship on society?", "options": [ "Accentuates economic growth", "Encourages welfare of the society", "Solves the problems of the society", "All of the above" ], "answer": 3 }, { "question": "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:", "options": [ "Hardworking", "Confident", "Patient", "Willing to try new ideas" ], "answer": 2 }, { "question": "Susheela experiences a financial loss in Sri Lanka and apologizes to her employees, saying she will plan better next time. This situation illustrates that Susheela:", "options": [ "Takes responsibility for her mistakes", "Thinks before making decisions", "Does not give up", "Is creative" ], "answer": [0, 2] }, { "question": "What do entrepreneurs do when they identify a need in the market?", "options": [ "They build a product or service to meet that need.", "They ignore the need.", "They copy the existing products or services.", "None of the above." ], "answer": 0 }, { "question": "What qualities should an entrepreneur possess?", "options": [ "Creativity", "Hard work", "Decision making skills", "All of the above" ], "answer": 3 }, { "question": "How does society play a role in boosting entrepreneurship?", "options": [ "Providing raw materials", "Creating needs and demands", "Both of the above", "None of the above" ], "answer": 2 }, { "question": "What are the adverse impacts of entrepreneurship on society?", "options": [ "Environmental degradation", "Trade imbalance", "Labour exploitation", "All of the above" ], "answer": 3 }, { "question": "Which of the following social problems are tackled by social entrepreneurs?", "options": [ "Low reach of quality education", "Unemployment", "Child labor", "All of the above" ], "answer": 3 }, { "question": "How do entrepreneurship skills help individuals?", "options": [ "To develop the ability to handle failure.", "In making a difference to society.", "To develop critical thinking.", "All of the above" ], "answer": 3 }, { "question": "Are all businesses either skyrocket or fail?", "options": ["True", "False"], "answer": 1 }, { "question": "What is small scale entrepreneurship?", "options": [ "establishing microscale manufacturing, trade, service provision, and production industries", "Entrepreneurship skills that help in making a difference to society", "Enterprises owned and controlled by women", "None of the above" ], "answer": 0 }, { "question": "Which of the following describes an entrepreneur’s commercial activities?", "options": [ "Innovation", "Finance and Accounting", "Leadership", "All of the above" ], "answer": 1 }, { "question": "How does agricultural entrepreneurship help farmers?", "options": [ "Finding low-cost innovations in farming processes.", "Giving loans to farmers", "Giving jobs to the family members of farmers.", "All of the above" ], "answer": 0 }, { "question": "What is women entrepreneurship?", "options": [ "Agricultural entrepreneurship", "Small scale entrepreneurship", "Social entrepreneurship", "An enterprise owned and controlled by a woman and giving at least 51% of the employment generated in the enterprise to women." ], "answer": 3 } ] }