Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 40 · 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.🗺️ How can you learn about your target customers? (a) guess at home (b) copy a rival (c) ask nobody (d) ask and watch them
2. 2.A small business selling jute bags had a revenue of ₹340 and a profit of ₹220. What were its costs (in ₹)?
3. 3.🔍 Which is the odd one out? (a) a pet-sitting service (b) a shade-cloth project (c) a used-book swap stall (d) no healthy snack nearby
4. 4.📋 Helpful or unhelpful research question: “What is your favourite cricket team?” (a) an unhelpful question (b) a helpful question
5. 5.📣 Which kind of marketing is this: chat at the bus stop? (a) a poster (b) word of mouth (c) social media
6. 6.True or false: “it is a product” is not a unique selling point. (a) True (b) False
7. 7.🔍 Which is the odd one out? (a) spending all the profit (b) blaming others (c) trying small first (d) copying a rival exactly
8. 8.🧾 What should you keep after buying supplies? (a) a selfie (b) nothing (c) the bill or receipt (d) only the bag
9. 9.🚀 Which step of starting a business is this: count profit and learn? (a) step 6 (b) step 2 (c) step 1 (d) step 7
10. 10.True or false: “Handmade cards, ₹30 each, made by Class 7” is honest and clear. (a) False (b) True
11. 11.📋 Helpful or unhelpful research question: “Where do you buy bookmarks now?” (a) a helpful question (b) an unhelpful question
12. 12.🎉 After the break-even point, each extra item sold… (a) adds profit (b) is free (c) changes nothing (d) adds loss
13. 13.📋 Helpful or unhelpful research question: “What time of day do you get hungry?” (a) a helpful question (b) an unhelpful question
14. 14.True or false: someone who starts a new business — that is what an entrepreneur does. (a) False (b) True
15. 15.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
16. 16.🛍️ Why do businesses that meet needs often sell all year? (a) needs are toys (b) nobody buys needs (c) needs are always free (d) people always need them
17. 17.✅ A good marketing message is… (a) honest and clear (b) very long (c) secret (d) loud and false
18. 18.One cupcake costs ₹10 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
19. 19.🛡️ What is a good way to lower a risk? (a) hope for luck (b) blame others (c) ignore it (d) plan for it early
20. 20.True or false: “selling in a known place” is a safe practice. (a) False (b) True
21. 21.👥 Whom should you ask about a snack for Class 6? (a) only your parents (b) only yourself (c) Class 6 students (d) a shopkeeper far away
22. 22.🍎 Kids have no healthy snack near school. Which idea helps? (a) a fried chips stall (b) a sticker stall (c) a fruit-cup stall (d) a comic swap
23. 23.True or false: someone who works for an employer — that is what an entrepreneur does. (a) False (b) True
24. 24.🛒 Need or want: notebooks for school? (a) a want (b) a need
25. 25.🔍 Which is the odd one out? (a) lemons (b) a cash box (c) a price board (d) a folding table
26. 26.True or false: “false health claims” is dishonest business. (a) True (b) False
27. 27.Which of these is dishonest business? (a) a refund if it breaks (b) ingredients listed (c) correct change (d) false health claims
28. 28.🛒 Need or want: a roof over your head? (a) a need (b) a want
29. 29.📋 Helpful or unhelpful research question: “What did you eat on your birthday last year?” (a) an unhelpful question (b) a helpful question
30. 30.🎪 Your stall is at a school fair. Who are most of the visitors? (a) tourists (b) students and parents (c) farmers (d) airline pilots
31. 31.True or false: “a glitter pen set” is a need. (a) True (b) False
32. 32.Gurpreet’s record for a rainy day:
    Income: ₹140 (sales)
    Expense: ₹40 (posters)
    Expense: ₹130 (card paper)
    How much is the loss (in ₹)?
33. 33.🎪 School-fair stall plan: which comes first — sell and give change or work out the profit? (a) sell and give change (b) work out the profit
34. 34.A stall’s fixed costs are ₹156. Each friendship band costs ₹20 to make and sells for ₹32. How many must be sold to break even?
35. 35.Which of these is good customer service? (a) chatting on the phone (b) serving friends first (c) clean, covered food (d) hiding the prices
36. 36.❄️ On a cold winter morning, which stall would most people want? (a) water guns (b) ice lollies (c) hot drinks (d) paper fans
37. 37.True or false: “cost of making one” is the selling price. (a) False (b) True
38. 38.🐷 Saving, reinvesting or spending: profit put in a bank? (a) reinvesting (b) spending (c) saving
39. 39.True or false: “made-up reviews” is honest business. (a) True (b) False
40. 40.A batch of 10 glasses of chai costs ₹30 to make. What does one cost to make (in ₹)?

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