MCQ Chapter 6 From Ideas to Startups Class 9 Social Science CBSE

1. What is entrepreneurship?

The process of working only for a salary

The process of converting an idea into a business venture

The process of purchasing goods only for personal use

The process of avoiding all business risks

Question 1 of 20

2. Which of the following best describes an entrepreneur?

A person who avoids making decisions

A person who depends entirely on others for ideas

A person who identifies opportunities and develops innovative solutions

A person who works without any goals

Question 2 of 20

3. What does profit mean in a business?

The total amount borrowed from a bank

The money spent on purchasing raw materials

The total number of products manufactured

The money earned after paying business costs

Question 3 of 20

4. Which activity is an example of entrepreneurship?

Developing eco-friendly bags to replace plastic bags

Buying goods only for personal consumption

Avoiding new ideas in every situation

Refusing to identify customer needs

Question 4 of 20

5. What is one of the main responsibilities of an entrepreneur?

Avoiding all responsibility for business operations

Identifying problems and finding innovative solutions

Ignoring the needs of customers

Refusing to invest time in business activities

Question 5 of 20

6. What did the young man in the story “From a Dead Mouse to Riches” demonstrate?

Success is possible only with a large investment

Business activities should be avoided during difficult times

Resourcefulness, hard work, and the ability to identify opportunities

Money should never be reinvested in business

Question 6 of 20

7. How did the young man initially earn money in the story “From a Dead Mouse to Riches”?

By opening a large hotel

By borrowing money from foreign merchants

By manufacturing expensive machines

By selling a dead mouse to a shopkeeper

Question 7 of 20

8. What was the initial investment made by the seven homemakers who started Lijjat Papad?

₹80

₹800

₹8,000

₹80,000

Question 8 of 20

9. In which year did the seven homemakers begin their papad-making venture?

1934

1959

1962

2023

Question 9 of 20

10. What type of organisation was Lijjat Papad registered as in 1962?

A government department

A private banking institution

A cooperative society

A public transport organisation

Question 10 of 20

11. What was an important principle followed by the members of Lijjat Papad?

Only senior members could own the business

Profits belonged exclusively to the founders

Product quality could change from day to day

Members were equal owners and profits were shared equally

Question 11 of 20

12. Which of the following was an important social contribution of Lijjat Papad?

Helping women become financially independent

Preventing women from participating in economic activities

Eliminating the need for education

Restricting business ownership to a single person

Question 12 of 20

13. What was Mohan Singh Oberoi's first job in the hospitality industry?

Hotel owner

Hotel desk clerk

Hotel management teacher

International hotel chain director

Question 13 of 20

14. What bold decision did Mohan Singh Oberoi make in 1934?

He abandoned the hospitality industry

He stopped learning about hotel operations

He mortgaged his wife's jewellery and invested his savings to buy a small hotel

He decided to work only as a hotel clerk throughout his life

Question 14 of 20

15. Which award was conferred on Mohan Singh Oberoi by the Government of India in 2001?

Bharat Ratna

Arjuna Award

Dronacharya Award

Padma Bhushan

Question 15 of 20

16. What is a business plan?

A written document explaining business goals and the steps to achieve them

A list of personal hobbies unrelated to business

A record containing only the names of employees

A document used exclusively for advertising products

Question 16 of 20

17. Why is a business plan important for an entrepreneur?

It guarantees that a business will never face difficulties

It provides direction and supports systematic decision-making

It removes the need to understand customer requirements

It eliminates every financial risk automatically

Question 17 of 20

18. Which consideration helps an entrepreneur identify the people most likely to purchase a product?

Employee attendance

Office decoration

Potential customers

Personal entertainment

Question 18 of 20

19. Which of the following is an example of a financial consideration in a business plan?

Selecting a catchy business name only

Choosing the colour of a shop's walls

Deciding which photographs to post online

Estimating equipment costs, rent, salaries, and funding sources

Question 19 of 20

20. Why is the location of a business important?

A suitable location can help attract more customers

Location makes financial planning unnecessary

Location guarantees that competitors will disappear

A business location has no effect on customer access

Question 20 of 20

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