Entrepreneurial Skills Class 10 Questions and Answers | Entrepreneur Skills Class 10 Questions and Answers

Entrepreneurial Skills Class 10 Questions and Answers

These Entrepreneurial Skills Class 10 Questions and Answers are very helpful for your board exam. These Entrepreneur Skills Class 10 Questions and Answers are a very high chance to come in the exam. So practice these types of questions and answers properly and first a fall read this Entrepreneurial Skills Class 10 Questions and Answers carefully and then learn this.

Entrepreneurial Skills Class 10 Questions and Answers
Entrepreneurial Skills Class 10 Questions and Answers

Entrepreneurial Skills Class 10 Questions and Answers

Entrepreneur Skills Class 10 MCQs with Answers:-

1. Which of the following is the fourth stage of economic development?

a. Agrarian society

b. Early industrialization

C. Mature industrialization

d. Service economy

2…………….are those who keep themselves well-informed, seek advice and services from experts in order to decide whether or not they should introduce any changes in the present situation.

a. Cognitive entrepreneurs

b. Empirical entrepreneurs

C. Rational entrepreneurs

d. Drone entrepreneurs

3. Which of the following is not a reason behind the development of new products and services?

a. Customer demands

b. Entrepreneurs’ curiosity

C. Innovation

d. Increased wealth

4. Which of the following is not correct with respect to entrepreneurship?

a. Contributes to economic development

b. Leads to employment generation

C. Brings demographic change

d. Bringsa social change

5. Entrepreneurs are not job seekers but they create opportunities for employment for people.

a. True

b. False

 ANSWERS. 

1. d.

2. a.

3. d.

4. C.

5. a.

Entrepreneurial Skills Class 10 Very Short Answer Questions:-

1. What is the work of an entrepreneur?

Ans. Initiate, design, develop and market the product and service ideas.

2. Name the fields in which entrepreneurship has resulted in development.

Ans. Products, services, and technologies

3. What is the single most important contribution of entrepreneurs to society?

Ans. Employment generation.

Also Read:- Entrepreneurial Skills Important Notes Class 10

Entrepreneur Skills Class 10 Short Answer Questions-

1. Describe how entrepreneurs contribute to national income.

Ans. Entrepreneurs explore new opportunities and develop new industries which help in generating new wealth. This wealth contributes to the national income.

2. Which aspects of society are affected by entrepreneurship?

Ans. Entrepreneurship affects all aspects of society including political, legal, social, cultural, technological, economic and demographic.

3. What resources are required by an entrepreneur for his business?

Ans. An entrepreneur has to arrange for labor, capital, machines, equipment and methods for his business.

Entrepreneurial Skills Class 10 Short Answer Questions-ll

1. Do you think entrepreneurs can be compared with the captain of a ship? If so, how?

Ans. A ship’s fate depends on the decisions of its captain. Similarly, the fate of a business organization depends on the decisions are taken by the entrepreneur.

2. What are the disadvantages of being an entrepreneur?

Ans. Being an entrepreneur requires making great sacrifices and working at odd hours or at odd locations. Also, entrepreneurs have to face various risks and losses.

3. List any four characteristics of entrepreneurship.

Ans. The four characteristics of entrepreneurship are:

  • Self-motivated
  • Risk-taking the ability
  • Creative and Innovator
  • Information seeker

Entrepreneur Skills Class 10 Long Answer Questions

1. How can one become an entrepreneur by purchasing a franchise?

Ans. Franchising is a business model in which there are two entities, namely, the franchiser and the franchisee. A franchiser is an individual or business, that is already established in the market. The franchiser enters into an agreement with the franchisee in return for a sum of money. The franchiser agreement gives the franchisee the right to sell the franchiser’s products and services. In addition, the franchisee also provides various types of support services.

2. Describe the role of entrepreneurship in society.

Ans. Entrepreneurship plays a key role in society. Some of them are as follows:

  • Helps in satisfying public needs
  • Promotes economic growth and national income
  • Makes social change possible
  • Creates wealth
  • Increases the standard of living

3. What are the qualities that must be present in an entrepreneur?

Ans. The essential qualities that must be present in an entrepreneur include:

  • Risk-taking ability
  • Self-motivated
  • Initiative takers
  • Information seekers
  • Problem solvers
  • Self-management skills
  • Systemic planner
  • Persuasion skills

Higher Order Thinking Skills (HOTS) Question

1. Fill in the blanks using the given words:

salaried jobs, one, interests, need, percentage

The results of most studies have indicated that being an entrepreneur is a dream for a majority of people in the world. However, only about,………………in every 18 people own a business. If we were to calculate a……………  it would mean that about 5% of the world population goes on to pursue entrepreneurship and the rest are engaged in remembered that some entrepreneurs may have become entrepreneurs as a result of their …………… 

On the other hand, there are certain entrepreneurs who go on to become entrepreneurs only because…………. 

Ans. one, percentage, salaried jobs, interests, need

Conclusion

With that, we come to the end of our Entrepreneurial Skills Class 10 Questions and Answers.

I hope that this blog post will help you to decide on the Entrepreneurial Skills Class 10 Questions and Answers. If you have any confusion related to this chapter, then comment below or send me a message our team will assist you and help you to remove confusion.

Thanks For Reading this Article.

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FAQs

Why do you want to become an Entrepreneur?

Because you want to be a successful person.

What does an Entrepreneur do in class 10?

An entrepreneur is a person who tries to meet the needs of a customer through new ideas or ways of doing business and makes a profit in return.

What skills should Entrepreneurs have?

Entrepreneurs must have focus, good communication skills, learning ability, etc

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