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Study MCQ
Employability Skills
SY->Module-5 : Entrepreneurial Skills
Set 2
Set 2
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Q6470
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Why is it important to have a business plan before starting a business?
A
To attract investors and get a loan
B
To outline goals and set clear direction for growth
C
To identify potential challenges and risks
D
All of these
Q6471
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Imagine you are setting up a mobile repair shop. Which of the following is the most important for its success?
A
Setting up the shop in a busy area
B
Offering repair services at a higher price
C
Putting up flyers in the neigh- bourhood
D
Picking the right shop name
Q6472
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Mehul is making a plan for his business. Which of the following is NOT included in a business plan?
A
Business idea
B
Startup costs
C
Future growth strategies
D
Personal interests and hobbies
Q6473
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Anita is going to the bank today to ask for a loan. She has prepared a business plan. Which of the following will make her business plan strong?
A
Have only the idea and name of her business
B
Total cost of starting her business without any details
C
Challenges her business might face along with solutions for them
D
None of these
Q6474
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Imagine you are starting a bakery business. What would you focus on first in your business plan?
A
Selecting a catchy name for the bakery
B
Calculating how much money you need to start the business
C
Planning how to advertise the bakery on social media
D
Figuring out how the business will grow
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