Quiz Questions - ITI Quiz - 04-Mar-2026 01:32 PM

Question 1 1 Marks

Who can support Entrepreneurs by providing business schemes and loans at low interest rates?

A

Customers

B

Startup Investors

C

Banks

D

Friends

Question 2 1 Marks

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

A

NSIC

B

Parlours

C

Hotels

D

Start Up

Question 3 1 Marks

________ part of a business plan has details of money related details of the whole business.

A

Product Details

B

Customer Analysis

C

Business Succession Plan

D

Costing

Question 4 1 Marks

A good business idea for a young or new entrepreneur should be sustainable. This means____________.

A

It is easy to use

B

It has many details

C

It has budget

D

It is planned for the present and future business growth

Question 5 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 6 1 Marks

Joy started a homemade pickle business. He has not been able to get profit in the first 2 months. What should he do?

A

End his business

B

Borrow money

C

Find reasons for his failure & learn from them

D

Get angry

Question 7 1 Marks

Prem wants to start a shop. He can apply for _____ loan to have benefits.

A

Home

B

MUDRA

C

Education

D

Car

Question 8 1 Marks

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

A

Self -Employed

B

Employee

C

Entrepreneur

D

Employer

Question 9 1 Marks

Which among the following is not a part of 7P's of marketing.

A

Product

B

Packaging

C

Price

D

Pickles

Question 10 1 Marks

Roopa wants to start a new business. But she is not sure which product she should choose to start her business. What will be her basic research to finalize her product?

A

Loan from Banks

B

Buying products from others

C

Search how to advertise the product

D

Reserach on products & services that customers are currently using

Question 11 1 Marks

Select the example of a service from the options.

A

Masala Dosa

B

Mobile Repair

C

Water Bottle

D

Chicken Kebab

Question 12 1 Marks

Mani is a painter and he buys new brushes and tins for painting. What type of cost it is?

A

Total Cost

B

Fixed Cost

C

Variable Cost

D

Maintenance

Question 13 1 Marks

Why is a market scan conducted?

A

To understand customer needs

B

To explore how to grow the business

C

To check what the competitors are offering

D

All of these

Question 14 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 15 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 16 1 Marks

What are the qualities of an entrepreneur that a self-employed person also needs to have?

A

Creative Thinking

B

Problem Solving

C

Customer Service

D

All of these

Question 17 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 18 1 Marks

What are the duties of an entrepreneur?

A

Talking to customers

B

Managing finances and budgets

C

Managing the business

D

All of these

Question 19 1 Marks

Select the example of a product from the options.

A

Home painting

B

Parlour service

C

Shirt

D

Bike repair

Question 20 1 Marks

Unique Selling Proposition or USP of a business plan refers to__________.

A

A special budget for the business

B

A new customer for the business

C

A special or different idea for a business

D

An old business is updated