NCERT Class 9 Social Science MCQ Chapter 15 From Ideas to Startups

NCERT Class 9 Social Science MCQ Chapter 15 From Ideas to Startups Solutions English Medium As Per New Syllabus. NCERT Class 9 Social Science MCQ Chapter 15 From Ideas to Startups Notes to each chapter is provided in the list so that you can easily browse throughout different chapter NCERT Class 9 Social Science MCQ Question Answer Download PDF and select needs one. CBSE Class 9 Social Science Multiple Choice Solutions.

NCERT Class 9 Social Science MCQ Chapter 15 From Ideas to Startups

Also, you can read the CBSE book online in these sections Solutions by Expert Teachers as per (CBSE) Book guidelines. NCERT Class 9 Social Science Objective Type Solutions. These solutions are part of NCERT All Subject Solutions. Here we have given NCERT Class 9 Social Science MCQs in English Medium Solutions for All Subject, You can practice these here.

From Ideas to Startups

Chapter – 15

Part – II: Understanding Society India and Beyond

MCQ

1. What is entrepreneurship?

(i) A process of converting a potential idea into a functioning business venture.

(ii) A method of taking loans from commercial banks.

(iii) A system of managing government revenues.

(iv) A process of selling products without planning or risk.

Ans: (i) A process of converting a potential idea into a functioning business venture.

2. With what amount of money did the seven homemakers start the Lijjat Papad venture in 1959?

(i) ₹800.

(ii) ₹80.

(iii) ₹8,000.

(iv) ₹50.

Ans: (ii) ₹80.

3. What does the word ‘lijjat’ mean in Gujarati?

(i) Healthy.

(ii) Crunchy.

(iii) Tasty.

(iv) Fresh.

Ans: (iii) Tasty.

4. By 2023, what was the annual turnover achieved by Shri Mahila Griha Udyog Lijjat Papad?

(i) ₹100 crore.

(ii) ₹500 crore.

(iii) ₹1,600 crore.

(iv) ₹2,000 crore.

Ans: (iii) ₹1,600 crore.

5. How did Mohan Singh Oberoi arrange funds to buy his first hotel in 1934?

(i) By securing a government subsidy.

(ii) By mortgaging his wife’s jewellery and investing savings.

(iii) By taking a bank loan without collateral.

(iv) By partnering with foreign investors.

Ans: (ii) By mortgaging his wife’s jewellery and investing savings.

6. Which prestigious award was accorded to Mohan Singh Oberoi by the Government of India in 2001?

(i) Bharat Ratna.

(ii) Padma Vibhushan.

(iii) Padma Bhushan.

(iv) Padma Shri.

Ans: (iii) Padma Bhushan.

7. What is a business plan?

(i) A tax document submitted to the government.

(ii) A written blueprint explaining the goals of a business and steps to achieve them.

(iii) A daily record of sales transactions.

(iv) A loan application given to investors.

Ans: (ii) A written blueprint explaining the goals of a business and steps to achieve them.

8. Which of the following is NOT one of the four main functional areas of a business?

(i) Management and Operations.

(ii) Finance and Accounting.

(iii) Human Resources.

(iv) Foreign Trade Diplomacy.

Ans: (iv) Foreign Trade Diplomacy.

9. Which functional area focuses on efficient daily processes, quality control, and supply chain?

(i) Management and Operations.

(ii) Marketing and Sales.

(iii) Human Resources.

(iv) Finance and Accounting.

Ans: (i) Management and Operations.

10. How is profit calculated in basic accounting?

(i) Profit = Total Expenses – Total Revenue.

(ii) Profit = Total Revenue – Total Expenses.

(iii) Profit = Fixed Costs + Variable Costs.

(iv) Profit = Total Revenue + Fixed Costs.

Ans: (ii) Profit = Total Revenue – Total Expenses.

11. Expenses that remain constant regardless of production volume in the short term are called:

(i) Variable costs.

(ii) Fixed costs.

(iii) Direct expenses.

(iv) Miscellaneous costs.

Ans: (ii) Fixed costs.

12. Expenses that change in direct proportion to the volume of goods or services produced are called:

(i) Fixed costs.

(ii) Variable costs.

(iii) Overhead costs.

(iv) Indirect expenses.

Ans: (ii) Variable costs.

13. Hiring staff, managing employee benefits, and conducting workplace training fall under which functional area?

(i) Finance and Accounting.

(ii) Marketing and Sales.

(iii) Human Resources.

(iv) Operations.

Ans: (iii) Human Resources.

14. Promoting products through social media, deals, and advertising is the key focus of:

(i) Human Resources.

(ii) Management and Operations.

(iii) Marketing and Sales.

(iv) Finance and Accounting.

Ans: (iii) Marketing and Sales.

15. Which traditional entrepreneurial community from Tamil Nadu is historically known for trading, banking, and moneylending?

(i) Chettiar community.

(ii) Marwari community.

(iii) Gujarati community.

(iv) Parsis.

Ans: (i) Chettiar community.