Entrepreneurial Skills Class 9 CBSE IT-402
Entrepreneurial Skills questions and answers for class 9 IT 402. In class 9 IT 402 there are two parts one is Employability Skills and the other is Subject Specific skills. In the first part of IT 402, The chapter is Entrepreneurial Skills for class 9. Here you will get complete questions whit their answers. Go through this information for free, all the questions and answers are according to the new CBSE term wise examination pattern class 9.
MCQs for Entrepreneurial Skills class 9
Q1. Business is a (an) ______ activity.
(a) social
(c) hazardous
(b) economic
(d) selling
Ans. (b) economic
Q2. What is the aim of entrepreneurship?
(a) Earn a profit
(b) Solve customers' needs innovatively
(c) Both of the above
(d) None of the above
Ans. (c) Both of the above
Q3. Business is an activity for satisfying
(a) entrepreneur
(b) owner
(c) new idea
(d) human needs
Ans. (c) new idea
Q4. Businesses cater to the need of the
(a) area
(b) society
(c) market
(d) village
Ans. (b) society
Q5. An entrepreneur is a self-employed person and is willing to take a
(a) product and service
(b) satisfying human need
(c) calculated risk
(d) regular production
Ans. (c) calculated risk
Q6. The role and benefits of entrepreneurship are
(a) Social development
(b) Improved standard of living
(c) Optimal use of resources
(d) All of the above
Ans. (d) All of the above
Q7. Creation of more job by entrepreneur is
(a) Economic development
(b) Social development
(c) Living standard development
(d) Service development
Ans. (b) Social development
Q8. Entrepreneurs uses optimal ways of using the resources to
(a) reduce cost
(b) increase profit
(c) Both of these
(d) None of these
Ans. (c) Both of these
Q9. Qualities of entrepreneurs are
(a) hardworking
(b) never giving up
(c) perseverance
(d) All of these
Ans. (d) All of these
Q10. Experiment with different idea is the quality related to
(a) perseverance
(b) confidence
(c) trial and error
(d) creativity
Ans. (c) trial and error
Q11. The quality of creativity and innovation of entrepreneurs is related to
(a) patience
(b) positivity
(c) hardworking
(d) solution
Ans. (d) solution
Q12. Ability to take up risks is a
(a) role of entrepreneur
(b) quality of entrepreneur
(c) characteristics of entrepreneurship
(d) None of the above
Ans. (c) characteristics of entrepreneurship
Q13. The employees are
(a) self-employed
(b) wage-earner
(c) take risk
(d) self job decider
Ans. (b) wage-earner
Q14. A risk may lead to a
(a) excess of earning
(b) loss in future
(c) human needs
(d) growth
Ans. (b) loss in future
Q15. Wage employment always consists of
(a) one party
(b) two parties
(c) three parties
(d) four parties
Ans. (b) two parties
Q16. The wage employment does not involve too much
(a) salary
(b) opportunity
(c) innovation
(d) risk
Ans. (d) risk
Q17. Entrepreneurship allows starting something according to
(a) market
(b) choice
(c) need
(d) innovation
Ans. (b) choice
Q18. The principle focus of entrepreneurship is
(a) more risk
(b) more work
(c) more profit
(d) more job
Ans. (c) more profit
Q19. Product and services both are sold in
(a) Product business
(b) Service business
(c) Hybrid business
(d) General business
Ans. (c) Hybrid business
Q20. The product can be seen and touched in
(a) Product business
(b) Service business
(c) Hybrid business
(d) General business
Ans. (a) Product business
Q21. Manufacturing businesses are the type of
(a) Trade businesses
(b) Product based business
(c) Hybrid based business
(d) Service based business
Ans. (b) Product-based business
Q22. Which one is not the step of starting a business?
(a) Business idea
(b) Getting money and material
(c) Understanding customer needs
(d) Trade services
Ans. (d) Trade services
Q23. Which of the following is a business activity?
(a) Manufacturing Business
(b) Hybrid Business
(c) Service Business
(d) All of these
Ans. (d) All of these
Q24. Which of the following is a corporate type of business enterprise?
(a) Sole Proprietorship
(b) Partnership
(c) Joint Stock Company
(d) All of these
Ans. (a) Sole Proprietorship
Q25. An entrepreneur is a/an
(a) Innovator
(b) Risk-taker
(c) Organisation building
(d) All of these
Ans. (d) All of these
Q26. The process of improving the skills and knowledge of entrepreneurs through various training and classroom programs is called
(a) Entrepreneurship development
(b) Planning
(c) Organising
(d) All of these
Ans. (a) Entrepreneurship development
Q27. The basic raw material is broken into several useful materials in manufacturing business type:
(a) Analytical
(b) Synthetical
(c) Processing
(d) Assembling
Ans. (a) Analytical
Q28. Manufactured components or parts are combined together in manufacturing business type:
(a) Analytical
(b) Processing
(c) Assembling
(d) Synthetical
Ans. (c) Assembling
Q29. The head of this form of business enterprise is known as ‘Karta':
(a) Sole Proprietorship
(b) Partnership
(c) Joint Hindu Family firm
(d) Joint-stock company
Ans. (c) Joint Hindu Family firm
Q30. Business Characteristics of Entrepreneurship is
(a) Creative activity
(b) Risk bearing activity
(c) Purposeful activity
(d) All of these
Ans. (d) All of these
Q31. A person who starts an enterprise is:
(a) Manager
(b) Organiser
(c) Entrepreneur
(d) Director
Ans. (c) Entrepreneur
Short Answer Type Questions for Entrepreneurial Skills class 9
Q1. What are the key differences between entrepreneurship and enterprise?
Ans. The process of developing a business plan, launching and running a business and also using innovation to meet customer needs for making profit is known as entrepreneurship.
An enterprise is a project or undertaking that is bold and fulfils a need and wants of society. The need was previously unfulfilled.
Q2. What are the key differences between patience and Hardworking?
Ans. Success may not be achieved quickly. It is important for an entrepreneur to have patience while running the business. Every new business goes through failures and therefore, an entrepreneur needs to work hard till it becomes successful. It is necessary for an entrepreneur to continuously work hard to achieve his company's goal.
Q3. List any two differences between entrepreneurship and wage employment.
Ans. The two differences between entrepreneurship and wage employment are
(a) An entrepreneur is the business owner and an employee is the worker and get a salary.
(b) The wage employment does not involve too much risk but entrepreneurship involves taking a certain amount of calculated risks.
Q4. List any two comparisons of activities between entrepreneurship and employment.
Ans. Two comparisons of activities between entrepreneurship and employment are
(a) The job done by the person is decided by himself or herself. But in employment, the job done is decided by the employer.
(b) Using personal knowledge and interest to make money for oneself is possible in entrepreneurship not in employment.
Q5. Explain any two steps of entrepreneurship development.
Ans. Two steps of entrepreneurship development are
(a) Business Idea: The first step while starting a business is to come up with an idea. A business idea is based on
- Interest of individual
- Market need.
(b) Getting money and material: The second step of starting a business is the use of ideas to start on a small scale with some money. It helps in buying basic materials.
Q6. List three businesses seen around you. Share details of what the business does and how they run it?
Ans. Three businesses I have seen in my locality are:
(a) Dolma Aunty: The Momo Seller One aged lady, Dolma Aunty from Manipur has a small stall in our locality. She is making vegetarian and chicken momos which she sells from 12 noon to 8 pm at night. Her momos are very popular among the young generation. By selling momo, she is surviving in Delhi.
(b) Naresh: The Burgerwala A young man, named Naresh has a small stall nearby a park, where he sells fresh aloo Tikki burger. As his food is very tasty, everybody likes it. He sells burgers from 4 pm to 9 pm at night and earns a good amount of money.
(c) Pooja: The Beautician Pooja is an enterprising girl who has taken a beautician course and also has been marked for sometimes in a beauty parlour. Now, she is doing the business independently. She has good contacts with her customers and charges less than the beauty parlour. Her service is satisfactory to like customers, thus she is doing well in her business.
Q7. What do you understand by Business?
Ans. A business may be defined as an economic activity involving the production and sale of goods and services to earn profits by satisfying human needs.
Q8. Define entrepreneurship.
Ans. Entrepreneurship is the process of discovering an opportunity, mobilizing resources, launching an enterprise to exploit the opportunity.
Q9. What is a hybrid business?
Ans. Hybrid businesses are companies that may be classified into more than one type of business.
Q10. What do you understand by a cooperative society?
Ans. It is a society organised with the purpose of rendering service to its members and to the public in general. It is organised on the principle of mutual self-help.
Q11. State the roles of an Entrepreneur.
Ans. They are classified on four bases- Entrepreneurial roles, Promotional roles, Managerial roles, and Commercial roles.
Q12. State three characteristics of Entrepreneurship.
Ans. Characteristics of Entrepreneurship are Purposeful activity, creative activity, Risk bearing activity, organising, gap filling, dynamic process, initiative-taking and multi-dimensional.
Q13. Name three types of Business Activities with two examples of each.
Ans. All business activities may be classified into three broad categories:
1. Manufacturing Business
Engineering, cement, sugar, textiles, jute, etc. are the main examples of manufacturing industries.
2. Service Business
Some common examples of service businesses are salons, repair shops, schools, banks, accounting firms, and law firms.
3. Hybrid Business
Restaurants are more of the service type providing dining services.
Q14. Name the forms of business enterprises classifying them on the basis of corporate and non-corporate.
Ans. A Business Enterprise may be organised in various forms.
Corporate
- Joint Stock Company
- Cooperative Society
Non-Corporate
- Sole Proprietorship
- Joint Hindu Family Business
- Partnership Firm
Q15. What are the various types of manufacturing business industries?
Ans. Manufacturing business industries are of the following types:
- Analytical
- Synthetical
- Processing
- Assembling
Q16. Give three advantages of entrepreneurship.
Ans.
- Flexibility in Schedule.
- Getting to Learn New Things.
- Improves the Standard of Living.
Q17. Give a brief explanation of the cooperative society type of business.
Ans. A cooperative society is a voluntary association that started with the aim of the service of its members. It is a form of business where individuals belonging to the same class join their hands for the promotion of their common goals. These are generally formed by poor people or weaker sections of people in society.
Q18. Name two non-corporate types of business enterprises.
Ans. Partnership Firm and Joint Hindu family business.
Q19. What are the various forms of a manufacturing business?
Ans. The various forms of a manufacturing business are:
- Food manufacturing.
- Beverage and Tobacco production.
- Textile mills.
- Textile product mills.
- wood product manufacturing.
- Paper manufacturing.
Q20. What is Entrepreneurship?
Ans. An entrepreneur is a creator or a designer who designs new ideas and business processes according to the market requirements and his/her own passion. Entrepreneurship is the art of starting a business, basically, a startup company offering a creative product, process or service. We can say that it is an activity full of creativity.
Q21. Explain any two roles of an Entrepreneur.
Ans. The Entrepreneurial functions of an entrepreneur are as follows:
1. Innovation: An entrepreneur is a change agent. He introduces something new in some branch of economic activity. It may be a new/improved product/service, a new method of production/ distribution, the opening of a new market, the discovery of a new source of raw material, a new form of organisation, a new combination of means of production, etc. In fact, “Innovation is the Hallmark of Entrepreneurship.”
2. Risk-taking: Risk-taking means assuming responsibility for the loss that may take place due to contingencies. An entrepreneur pays wage/salary to employees, rent to the landlord and interest to the lenders. After making these payments nothing may be left as profit. “No Risk No Gain’ is the saying in business. An entrepreneur tries to reduce risk and uncertainty in his plan of investment, expansion and diversification of business.
Long Answer Type Questions for Entrepreneurial Skills class 9
Q1. Explain various types of manufacturing businesses.
Ans. Manufacturing business industries are of the following types:
1. Analytical: In an analytical manufacturing business industry, basic raw material is broken into several useful materials. For example, in an oil refinery, crude oil is analysed and separated into several products such as petrol, diesel, kerosene and lubrication oil.
2. Synthetical: In this type of manufacturing business industry two or more materials are mixed to form a new product. For example, concrete, gypsum, coal, etc. are mixed to produce cement.
3. Processing: In the processing industry, raw material is processed through various stages to make the final product. For example, in the cotton textile industry, cotton is passed through the spinning, weaving, dyeing, bleaching and printing processes to convert it into cloth.
4. Assembling: In this type of industry, manufactured components or parts are combined together mechanically or chemically to produce a new product. For example, the manufacture of radios, TV sets, watches and automobiles are assembling industries.
Q2. Explain various types of non-corporate business enterprises.
Ans. Some non-corporate business enterprises are briefly described below.
1. Sole proprietorship: In this form of ownership, one person provides the entire capital, bears all the risks and independently manages the business. The proprietor is personally liable for all the debts of the firm. Thus, the sole proprietorship is a ‘one-man business’.
2. Joint Hindu family firm: It is a business firm owned and controlled by a joint Hindu family. The members of the family jointly or collectively establish the business. The management and control of the family business rest with the senior-most male member of the family, known as the ‘Karta’.
3. Partnership: In this form of ownership, two or more persons enter into a contract to carry on some lawful business jointly and to share its profits. Each partner is considered as the agent of the firm and of its partners. The firm has no legal entity separate from that of the partners. Each partner is jointly and individually liable for the debts of the firm to an unlimited extent. The number of partners cannot be more than fifty. A partnership that is set up for a specified time period or for a specific object is known as a joint venture. It is automatically dissolved on the expiry of the period or on the completion of the specified object.
Q3. Explain various types of corporate business enterprises.
Ans. Some corporate business enterprises are briefly described below.
1. Joint-stock company: It is an incorporated association of two or more persons. It has a distinct legal entity that is separate from the identity of its members. Therefore, a company enjoys unlimited life. Its continuity is independent of the lives of its members. Its management and control lie in the hands of the Board of Directors consisting of the elected representatives of the members.
2. Cooperative society: It is a society organised with the purpose of rendering service to its members and to the public in general. It is organised on the principle of mutual self-help. As an incorporated association of persons, it enjoys perpetual life. It has a distinct identity and the liability of its members is limited. There are several types of cooperative societies.
Q4. State any six characteristics of entrepreneurship.
Ans. Characteristics of entrepreneurship are as follows:
1. Purposeful activity: Entrepreneurship is a goal-oriented activity. Each and every enterprise is launched either to earn money or to serve society.
2. Creative activity: Entrepreneurship is a creative response to changes in the environment. It involves the introduction of something new or better.
3. Risk bearing activity: Risk is inherent and inseparable from entrepreneurship. Entrepreneurs do extraordinary things. Those who succeed become celebrities and those who fail are ridiculed.
4. Organising: An entrepreneur brings together various factors of production such as land, labour, capital, etc. and organises them as an enterprise. An entrepreneur is, therefore, an organisation builder.
5. Gap filling: An entrepreneur identifies and fills the gap between what society needs and what is available.
6. Dynamic process: Entrepreneurship thrives on changes in the environment. Those changes create opportunities for entrepreneurs. Entrepreneurs themselves also change agents.
7. Initiative taking: Entrepreneurship involves taking initiative.
8. Multi-dimensional: Entrepreneurship has several dimensions, e.g., economic, social, psychological, cultural, etc.
Q5. Explain any four managerial functions (roles) of an entrepreneur.
Ans. The Managerial roles (functions) of an entrepreneur are as under:
1. Planning: Planning is the process of deciding the objectives of the enterprise. It involves decision making about what to do, how to do when to do and who will do what.
2. Organising: Every enterprise requires a structure or framework of authority responsibility relationships. Organising is the process of establishing such relationships both vertically and horizontally.
3. Staffing: Staffing involves hiring people for various positions in the organisation structure.
4. Directing: Directing involves the execution of plans through leadership, communication, motivation and supervision.
5. Controlling: It is the process of evaluating performance and taking corrective actions wherever necessary.
6. Coordination: Coordination means synchronising the activities and efforts of various individuals and grouping in the organisation for the achievement of common goals. The entrepreneur has to ensure that different parts of the organisation work together as a team to make it successful.
Q6. Explain any four promotional functions (roles) of an entrepreneur.
Ans. The Promotional roles (functions) of an entrepreneur are as follows:
1. Discovery of an idea: First of all, an entrepreneur discovers or generates a business idea. The idea may be to exploit a natural resource, to enter into an existing line of business or to set up a venture in a new line of business. While discovering a business idea, the entrepreneur may take the help of experts.
2. Detailed investigation: Once the idea is discovered, a thorough analysis is done to estimate the total demand. The resources required to convert the idea into a product/service are identified.
3. Assembling the requirements: Next step the entrepreneur takes is to assemble the necessary resources. He chooses the factory site, selects plant and machinery and contacts suppliers of raw material.
4. Financing the plan: The entrepreneur estimates the funds required, selects the sources of raising the funds and decides the capital structure of the enterprise.
It may helpful for you.
Employability Skills (Part-A)
TERM-I
Unit 1: Communication Skills-I
Unit 2: Self-Management Skills-I
TERM-II
Unit 4: Entrepreneurial Skills-I
Unit 5: Green Skills-I
Subject Specific Skills (Part-B)
TERM-I
Unit 1: Introduction to IT- ITeS industry
Unit 2: Data Entry & Keyboarding Skills
Unit 3: Digital Documentation
TERM-II
Unit 4: Electronic Spreadsheet
Unit 5: Digital Presentation