Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 3 · 40 questions

Business tip (Ready to run a stall): Find the topic of the question: ideas, customers, research, money sums, pricing, records, marketing, service, teamwork, safety or business basics. Use that lesson’s tip and read every option before you choose. For ₹ sums, write the rule first (profit = SP − CP, break-even = fixed ÷ profit on one, markup = cost × % ÷ 100), then calculate.

1. 1.🧍 Three people are waiting. What is good service? (a) take a break (b) serve friends first (c) make them leave (d) serve them in turn
2. 2.Kabir has ₹140 to spend on rolls of ribbon. One roll of ribbon costs ₹12. What is the greatest number of rolls of ribbon Kabir can buy?
3. 3.📒 Income or expense: buying paper cups? (a) income (b) expense
4. 4.True or false: “How much would you pay for one?” is a helpful research question. (a) False (b) True
5. 5.Ishaan has ₹110 to spend on rolls of ribbon. One roll of ribbon costs ₹5. What is the greatest number of rolls of ribbon Ishaan can buy?
6. 6.📋 What is market research? (a) counting your money (b) printing posters (c) making a logo (d) asking what buyers want
7. 7.📋 Helpful or unhelpful research question: “What colour is your phone?” (a) a helpful question (b) an unhelpful question
8. 8.📊 A rival sells chai at ₹10. Why should you know this? (a) to complain (b) to close them down (c) to set a fair price (d) to copy their sign
9. 9.⚖️ Honest or dishonest business: ingredients listed? (a) honest (b) dishonest
10. 10.Which of these is a solution idea? (a) bottle name stickers (b) plants die in holidays (c) no shade at the bus stop (d) water bottles get lost
11. 11.🔍 Which is the odd one out? (a) learning from mistakes (b) staying curious (c) spotting problems (d) breaking promises
12. 12.Vihaan’s stall made a profit of ₹1900. 20% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are spent?
13. 13.⚖️ “Break-even” means… (a) you borrowed money (b) you stopped selling (c) profit is huge (d) sales = all costs
14. 14.🔍 Which is the odd one out? (a) “Stuff and More Stuff” (b) “Maths Buddies” (c) “Things” (d) “Zzkkq Bites”
15. 15.🐷 Saving, reinvesting or spending: an emergency fund? (a) saving (b) spending (c) reinvesting
16. 16.🗣️ Testers say your cupcakes are too sweet. What is the next step? (a) raise the price (b) launch it as it is (c) stop listening (d) improve the recipe
17. 17.Diya’s record for a rainy day:
    Income: ₹160 (sales)
    Expense: ₹30 (lemons)
    Expense: ₹140 (ribbon)
    How much is the loss (in ₹)?
18. 18.A small family shop borrows ₹100 from a bank at 4% simple interest per year. How much interest is due after 2 years (in ₹)?
19. 19.To make 20 paper bookmarks, Gurpreet spends ₹155 on card paper, ₹35 on ribbon and ₹50 on stickers. What does one cost to make (in ₹)?
20. 20.One potted plant costs ₹40 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
21. 21.🚀 Helpful or unhelpful for an entrepreneur: spotting problems? (a) an unhelpful habit (b) a helpful habit
22. 22.🔍 Which is the odd one out? (a) rude replies (b) a clear price board (c) serving friends first (d) counting change wrongly
23. 23.🎯 Who is the main target customer for notebook covering? (a) school students (b) pet owners (c) gardeners (d) young children
24. 24.One cup of lemonade costs ₹45 to make and Meera sells it for ₹90. What is the markup in percent?
25. 25.It costs ₹8 to make one fruit cup. Aarav sells it for ₹28. What is the profit on one (in ₹)?
26. 26.🚀 Which step of starting a business is this: ask possible customers? (a) step 3 (b) step 5 (c) step 4 (d) step 1
27. 27.⭐ Is this a clear unique selling point (USP): “it has a price”? (a) a clear USP (b) not a USP
28. 28.Dev’s fair stall sells 12 handmade cards at ₹5 each. How much money comes in from sales (in ₹)?
29. 29.True or false: “a card order paid” is an expense (money out). (a) True (b) False
30. 30.True or false: “a roof over your head” is a want. (a) False (b) True
31. 31.🎯 Who is the main target customer for pet-bowl cleaning? (a) young children (b) gardeners (c) school students (d) pet owners
32. 32.True or false: “printing posters” is income (money in). (a) True (b) False
33. 33.True or false: “visiting strangers alone” is a safe practice. (a) False (b) True
34. 34.✍️ A good business name is… (a) rude (b) impossible to spell (c) short and easy to say (d) very long
35. 35.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
36. 36.🔁 Idea → test → launch: why this order? (a) it is faster to lose (b) no reason (c) it looks nice (d) less risk of loss
37. 37.📣 Is this stall message honest and clear, or misleading? “Handmade cards, ₹30 each, made by Class 7” (a) honest and clear (b) misleading
38. 38.True or false: “trying small first” is a helpful habit for an entrepreneur. (a) False (b) True
39. 39.Which of these is a want? (a) a school uniform (b) a video game (c) notebooks for school (d) medicine when ill
40. 40.🔍 Which is the odd one out? (a) an adult at the stove (b) keeping cash in a box (c) leaving cash lying out (d) washing hands first

Free entrepreneurship lessons, practice and worksheets at talentjr.in/entrepreneurship-for-kids