Entrepreneurship, Module-1 - Practice Mode

1) What is the most important skill needed to be a successful entrepreneur?

Earning money Giving up on failure Having an Entrepreneuria l Mindset Expanding markets

Correct Answer: Having an Entrepreneuria l Mindset

2) An Entrepreneur can help the society by_____________.

Seeking new opportunities Marketing the product Working with a team Creating job opportunities

Correct Answer: Creating job opportunities

3) What are some of the qualities of a strong entrepreneur?

Learning from failures Building relationship with customers Working hard All of these

Correct Answer: All of these

4) Pooja started a food court that was very successful with many customers. After a year, the number of customers decreased. What should Pooja do to solve this problem?

Change the Cooking Style Collect the Feedback from the Customers Close the Food court Change her business

Correct Answer: Collect the Feedback from the Customers

5) Raju wants to start a Textile shop. What should he do first?

Rent a Shop Purchase New Fabrics Prepare a Business Plan Hire Staff

Correct Answer: Prepare a Business Plan

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