Entrepreneurial Skills Class 10 Important Questions with Answers
Get exam-ready with important, syllabus-aligned CBSE Entrepreneurial Skills Class 10 Important Questions designed to sharpen your practice and prepare you for the board exam. 💯
🟩 Short Answer Questions (1–2 Marks)
Q1. What is entrepreneurship?
Answer: Entrepreneurship is a type of self-employment in which a person runs a business to satisfy people’s needs and looks for ways to improve the business and make profits.
Q2. Who is an entrepreneur?
Answer: An entrepreneur is a self-employed person who tries to make their business better by taking risks and trying new ideas.
Q3. How do entrepreneurs create jobs?
Answer: As a business grows, entrepreneurs need more people to help them. They hire workers and therefore create employment opportunities.
Q4. Name any four qualities of a successful entrepreneur.
Answer: Four qualities are:
- Confidence
- Patience
- Creativity
- Hard work
Q5. Mention any three functions of an entrepreneur.
Answer: Three functions are:
- Making decisions
- Managing the business
- Taking risks
Q6. Is it necessary for every business idea to be unique?
Answer: No. A person can take an existing business idea and do something different with it to satisfy customer demand.
Q7. What are the three stages in the career process of an entrepreneur?
Answer: The three stages are:
- Enter
- Survive
- Grow
Q8. What is meant by the “Enter” stage?
Answer: In the Enter stage, an entrepreneur is starting the business and entering the market to do business.
Q9. What is meant by the “Grow” stage?
Answer: In the Grow stage, the business has become stable and the entrepreneur thinks about expanding the business.
Q10. What is a myth or misconception?
Ans. A myth or misconception is a false belief or opinion about something.
🟦 Long Answer Questions (3–5 Marks)
Q1. Explain the different roles of entrepreneurs in society.
Answer: Entrepreneurs play several roles in society:
- Fulfil customer needs: They identify what people want and develop products or services.
- Create jobs: Growing businesses require more workers.
- Share wealth: Workers and related businesses earn more as the business grows.
- Help society: Entrepreneurs may work towards saving the environment or supporting schools and hospitals.
Q2. Explain any four qualities of a successful entrepreneur.
Answer: four qualities of a successful entrepreneur are:
- Confidence: Entrepreneurs believe in themselves and their abilities.
- Patience: They understand that success may take time.
- Creativity: They think differently and find new solutions.
- Hard work: They work hard to make their business successful.
Q3. Explain the functions of an entrepreneur.
Answer: The main functions of an entrepreneur include:
- Making decisions: Deciding what to produce or sell.
- Managing the business: Arranging raw materials, hiring people and checking whether plans are followed.
- Taking risks: Managing risks such as fire, theft and loss of items.
- Creating new ideas or products: Trying new things to increase business income.
Q4. Write the career process of an entrepreneur.
Answer: The career process of an entrepreneur has three stages:
- Enter: The entrepreneur starts the business and enters the market.
- Survive: The entrepreneur remains in the competitive market and works to keep the business running.
- Grow: Once the business becomes stable, the entrepreneur thinks about expanding it.
Q5. Differentiate between self-employment and wage employment.
| Self-employment | Wage employment |
| A person works for themselves. | A person works for another person or organisation. |
| The person runs their own business. | The person receives payment for their work. |
Q6. Explain how an entrepreneur can help improve the quality of life of people.
Answer: An entrepreneur can create employment opportunities and provide income to workers and related businesses. Entrepreneurs may also support activities such as building schools and hospitals or protecting the environment.
📘 Case-Based Questions (5 Marks each)
Case Study 1:
Bharti is a young woman from Bihar. She noticed that many girls in her area liked wearing earrings. She bought jute from a local farmer and used it to make earrings. As her business grew, she hired local women to help her. The farmer and the women working for her were able to earn more money.
(a) What customer demand did Bharti identify?
Answer: She identified that girls in her area liked to wear earrings.
(b) Which local resource did Bharti use?
Answer: She used jute bought from a local farmer.
(c) How did Bharti create employment?
Answer: She hired local women to help her in her business.
(d) How did Bharti help the local farmer?
Answer: She bought jute from the farmer, which helped the farmer earn more money.
(e) Name two ways in which Bharti helped her village grow.
Answer: She provided jobs to local women and helped the local farmer earn more money by purchasing jute.
