Quiz Questions - ITI Quiz - 02-Mar-2026 09:59 AM

Question 1 1 Marks

In a business, the money involved in building a product is called________.

A

Cost

B

Profit

C

Price

D

Discount

Question 2 1 Marks

Sharvan serves as a delivery agent delivering tomatoes from a farmer to a company that makes tomato sauce. What is Sharvan?s job?

A

Seller

B

Service Provider

C

Buyer

D

Distributor

Question 3 1 Marks

_____is not a part of a good business plan.

A

Weather Report

B

Marketing Strategy

C

Customer Analysis

D

Budget

Question 4 1 Marks

Pawan operates a small AC service business with three employees, offering AC installation and repair. Over the next five years, he plans to expand the business to another city. Pawan is a / an____.

A

Entrepreneur

B

Contractor

C

Intern

D

Self-employed person

Question 5 1 Marks

Self - Employment means _____.

A

Working for an employer at a fixed monthly income

B

Freelancing or running a business rather than working for an employer

C

Selling food items

D

Only focusing on earning profits

Question 6 1 Marks

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

A

Earning money

B

Giving up on failure

C

Having an Entrepreneuria l Mindset

D

Expanding markets

Question 7 1 Marks

The secret to growing your business is to choose the right _____ to support your growth

A

Clothes

B

Family

C

Friends

D

Team

Question 8 1 Marks

Total cost is equal to ?

A

Variable Cost + Discount

B

Investment + Fixed Cost

C

Variable Cost + Fixed cost

D

Fixed Salary + ROI

Question 9 1 Marks

How can we understand what customers want?

A

By doing research on customer needs

B

By advertising the business

C

Selling a new product

D

By moving to a new business

Question 10 1 Marks

Sahil is giving festival offers, free samples and price discounts at the opening of his business. This is called _______.

A

Market scan

B

Packaging

C

Promotion

D

Selling

Question 11 1 Marks

A person who hires other people for their business is an____________.

A

Self -Employed

B

Employee

C

Entrepreneur

D

Employer

Question 12 1 Marks

Low investment business plan means__________

A

The plan is a new idea

B

The plan needs a small amount to start a business

C

The plan should be simple

D

The plan should start immediately

Question 13 1 Marks

Marketing helps the customer to learn about

A

Price

B

Availability

C

Special Discounts

D

All of these

Question 14 1 Marks

The word funding means ________.

A

Money for shopping

B

Saving and Spending

C

Money to start a business

D

Bank account

Question 15 1 Marks

Wahid wants to register his product under a trademark. What is the benefit of getting a trademark for your product?

A

He can sell it at higher rate

B

No one else can use the same product name

C

He will get a lot of success

D

He can take many loans and not repay

Question 16 1 Marks

Customers' needs can be understood through _____________.

A

Customer Survey

B

Selling

C

Talking to our family

D

Customer service

Question 17 1 Marks

A ______is a new business, which later grows into a big company

A

NSIC

B

Parlours

C

Hotels

D

Start Up

Question 18 1 Marks

A ______is a document with complete strategy for the business.

A

Strategy Report

B

Action Plan

C

Business plan

D

Stakeholder Report

Question 19 1 Marks

Why do customers like a product or service?

A

Good Price

B

Good Quality

C

Feel of the product or service

D

All of these

Question 20 1 Marks

Select the example of a product from the options.

A

Home painting

B

Parlour service

C

Shirt

D

Bike repair

Question 21 1 Marks

An Entrepreneur can help the society by_____________.

A

Seeking new opportunities

B

Marketing the product

C

Working with a team

D

Creating job opportunities

Question 22 1 Marks

What are some of the qualities of a strong entrepreneur?

A

Learning from failures

B

Building relationship with customers

C

Working hard

D

All of these

Question 23 1 Marks

Geetha wants to start a tailoring shop (boutique). Her trainer asked her to do a market scan. Geetha should do the market scan of ____________?.

A

Restaurants

B

Beauty Parlours

C

Tailoring shops

D

Packaging companies

Question 24 1 Marks

Product and service are two things that can be sold. Product is what can be seen, touched and used. Service is what we ______?.

A

Buy from vegetable shop

B

Feel, Experience and Enjoy

C

Pay with Gpay

D

Do not enjoy

Question 25 1 Marks

Shyna wants to start a masala powder business. She is presenting a business pitch to the bank manager. How long should her business picth be?

A

2 to 3 mins

B

10 mins

C

15 mins

D

1 min