Entrepreneurial Skills Class 11 MCQs with Answers

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Every question here in Entrepreneurial Skills Class 11 MCQs bundle is exam-focused, frequently asked, and 100% CBSE-aligned — built for quick clarity and top scores.

Q1. An entrepreneur mainly tries to meet customer needs by:
a) Following exactly what other businesses do
b) Using new ideas or ways of doing business
c) Avoiding customer feedback
d) Working only for a salary

Q2. Which of the following best describes entrepreneurship?
a) Working under a manager
b) Launching and running a business using innovation
c) Selling only manufactured goods
d) Working without any financial objective

Q3. An entrepreneur adds value to a business through:
a) New products and services
b) New marketing ideas
c) Cost reduction ideas
d) All of the above

Q4. Kartik’s factory that converts raw material into packaged drinking water is an example of:
a) Trading business
b) Manufacturing business
c) Services business
d) None of these

Q5. Gupta Pharmacy, which sells medicines manufactured by other companies, is an example of:
a) Manufacturing business
b) Trading business
c) Services business
d) Entrepreneurship only

Q6. Amar, a painting contractor, represents which type of business activity?
a) Manufacturing
b) Trading
c) Services
d) None of these

Q7. Which business converts raw materials into finished products?
a) Trading business
b) Services business
c) Manufacturing business
d) Customer survey business

Q8. Which statement correctly describes a service business?
a) It always produces physical goods
b) It is intangible and benefits the buyer
c) It can always be stored in a warehouse
d) It must always have a shop

Q9. A painting contractor is an example of:
a) Manufacturing business
b) Trading business
c) Services business
d) Wholesale business

Q10. Which value involves believing in oneself and one’s approach?
a) Perseverance
b) Independence
c) Confidence
d) Open-mindedness

Q11. Confidence helps an entrepreneur to:
a) Give up after failure
b) Take the first step and keep trying
c) Avoid customers
d) Ignore feedback

Q12. Over-confidence can lead an entrepreneur to:
a) Take shortcuts, like selling a product while knowing its quality is bad
b) Grow the business faster in a healthy way
c) Improve customer trust
d) Increase profits sustainably

Q13. Independence, for an entrepreneur, means:
a) Working strictly under a manager
b) The ability to work alone and have the confidence to make one’s own decisions
c) Avoiding all responsibility
d) Depending on customers to make business decisions

Q14. An entrepreneur who asks customers for feedback is demonstrating the useful side of:
a) Confidence
b) Accounting
c) Manufacturing
d) Trading

Q15. Perseverance means:
a) Doing the same thing repeatedly without thinking
b) Giving up when difficulties arise
c) Continuing despite difficulties and finding different ways to overcome them
d) Avoiding failures

Q16. Which situation best represents perseverance?
a) An entrepreneur closes the business after one failure
b) An entrepreneur changes the approach after failure and continues
c) An entrepreneur ignores problems
d) An entrepreneur refuses to learn

Q17. Open-mindedness means being willing to:
a) Reject feedback
b) Try new things and listen to others’ feedback
c) Avoid experts
d) Repeat old methods

Q18. An entrepreneur consulting market experts and colleagues demonstrates:
a) Open-mindedness
b) Manufacturing
c) Accounting
d) Trading

Q19. Rohit searching the internet to learn about a haircut style demanded by his customers shows the value of:
a) Independence
b) Open-mindedness
c) Perseverance
d) Confidence

Q20. Shalu continuing to sell snacks door-to-door even though only 1 in 10 people buy from her shows:
a) Confidence
b) Perseverance
c) Independence
d) Open-mindedness

Q21. An entrepreneur’s attitude refers to:
a) The amount of money invested
b) A tendency to respond in a certain way to an idea, person, object or situation
c) The type of product manufactured
d) The number of employees

Q22. Which attitude is especially important for entrepreneurs because they work in an unknown environment?
a) Belief that the environment can change
b) Dependence on a manager
c) Avoidance of decisions
d) Fixed working hours

Q23. Which is an example of an entrepreneur’s problem?
a) How to acquire material
b) How to price the product
c) How to market the business
d) All of the above

Q24. The first step in problem-solving is:
a) Ignoring the problem
b) Recognising the problem
c) Increasing the price
d) Hiring employees

Q25. Which problem deals with determining how much money is required to start a business?
a) Pricing
b) Money
c) Marketing
d) Selling

Q26. The question “From where should I get the material and at what cost?” relates to:
a) Acquiring material
b) Accounting
c) Selling
d) Growing business

Q27. The question “At what price should I sell the product?” relates to:
a) Manufacturing
b) Pricing
c) Marketing
d) Accounting

Q28. Keeping track of money spent and earned is related to:
a) Accounting
b) Selling
c) Creativity
d) Location

Q29. Creativity means:
a) Making an existing idea expensive
b) Coming up with ideas others have not thought of
c) Selling only existing products
d) Following instructions

Q30. Innovation differs from creativity because innovation involves:
a) Only imagining an idea
b) Making an idea work in real life
c) Avoiding practical implementation
d) Rejecting new ideas

Q31. Critical thinking involves:
a) Ignoring the reasons behind a problem
b) Asking questions such as why, what, when and how
c) Copying competitors
d) Avoiding research

Q32. The first step in starting and running a successful business is:
a) Coming up with an idea
b) Hiring employees
c) Scaling up
d) Conducting accounting

Q33. A business idea is:
a) A solution an entrepreneur thinks of to serve the customer
b) A list of employees
c) A government rule
d) A customer complaint

Q34. Which is NOT one of the three principles of idea creation given in the content?
a) Customer need
b) Entrepreneur’s own interest or talent
c) Innovative approach
d) Fixed salary

Q35. A sugarcane juice stall near a busy area during hot weather is an example of an idea based on:
a) Customer need
b) Accounting
c) Competition pricing
d) Profit goal only

Q36. Setting up a water-selling business in a village with limited drinking water supply is an example of a:
a) Seasonal Idea
b) Location-based Idea
c) Events-based Idea
d) Interest-driven Idea

Q37. Mehendi designers, card-designers, and printers who see more work during the wedding season are examples of:
a) Location-based Ideas
b) Seasonal Ideas
c) Events-based Ideas
d) Vocation-driven Ideas

Q38. A person who loves dancing and starts a dance-training institute is using:
a) Interest-driven idea
b) Competition-based idea
c) Accounting-based idea
d) Customer-frequency idea

Q39. Rakesh’s entrepreneurial idea came from:
a) His enjoyment of talking to and listening to customers
b) His interest in farming
c) His fashion studies
d) His candle-making skills

Q40. Rakesh differentiated his auto service by offering:
a) Snacks, cold drinks, songs, newspaper and Wi-Fi
b) Only lower prices
c) Only longer working hours
d) Only free rides

Q41. Which is NOT a type of customer need described in the content?
a) Served needs
b) Partially-served needs
c) Unserved and known needs
d) Guaranteed needs

Q42. A need that is fulfilled by existing businesses or government is:
a) Served need
b) Unknown need
c) Unserved need
d) Partially-served need

Q43. A need for which customers have existing options but remain dissatisfied is:
a) Served need
b) Partially-served need
c) Unknown need
d) Fully satisfied need

Q44. Solar lamps for people in areas with unreliable electricity are an example of solving:
a) Unserved and known needs
b) Served needs
c) Unknown needs
d) Competition needs

Q45. Video-calling technology is used in the content as an example of:
a) Unknown needs
b) Served needs
c) Partially-served needs
d) Customer frequency

Q46. Which factor tells an entrepreneur how often a customer may buy a product?
a) Location
b) Frequency
c) Quality
d) Price

Q47. A customer survey mainly helps an entrepreneur to:
a) Understand whether there is a market and what customers prefer
b) Manufacture products
c) Prepare employee salaries
d) Avoid customer interaction

Q48. In a competition survey, an entrepreneur mainly:
a) Talks directly to every customer only
b) Observes and asks about competing businesses
c) Manufactures competitor products
d) Ignores competitor pricing

Q49. Which of the following is a reason for preparing a business plan?
a) Estimating money and material requirements
b) Setting realistic goals
c) Planning how to stand out
d) All of the above