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Class 9 From Ideas to Startups worksheet
CBSE Social Science. Entrepreneurship, Lijjat and Oberoi, business plans, functional areas, fixed and variable costs, profit and loss. Every sheet has 20 questions in three sections and an answer key, and the numbers change every time.
Sample questions
Real questions from this chapter, as the app sets them. Tap Answer to see the answer and working.
Section A · multiple choice
- 1.
Turning an idea into a business venture is:
- taxation
- governance
- inflation
- entrepreneurship
Answer
(d) entrepreneurship
- 2.
Is this a fixed or a variable cost: insurance of the building?
- fixed
- loan
- tax
- profit
Answer
(a) fixed
- 3.
What does finance and accounting focus on?
- making laws for the business
- deciding interest rates for banks
- running production and quality
- budgets, records and cash flow
Answer
(d) budgets, records and cash flow
Section B · short answer
- 4.
Name three things an entrepreneur does.
Answer
Takes risks with money and time, spots a problem and solves it in a new way, and combines the factors of production (also makes key decisions).
- 5.
Fixed or variable cost? (a) lemons for each glass of lemonade (b) packaging for each box
Answer
(a) variable (b) variable
Section C · long answer
- 6.
Tell the story of Lijjat papad.
Answer
In 1959 seven homemakers in a Mumbai chawl began making papads with ₹80; as a cooperative of equal owners with strict quality, it grew to tens of thousands of members and a huge turnover.
Fresh sheets for your child
In the app, every From Ideas to Startups sheet is new: the app remembers the questions your child has already had and leaves them out. Print the sheet as a PDF, or use notebook mode and write the answers in a notebook.
Coming soon for Android and iPhone.